Goldman Sachs warns that the era of rapid US oil production growth is ending, citing both the maturing Permian Basin and declining crude prices. The bank expects US output to fall this year and next as domestic producers, highly sensitive to price changes, pull back.
US Fed Governor Christopher Waller suggests cutting interest rates in July. He argued this move is needed to support the economy as the labor market shows signs of cooling.
A Reuters survey indicates the eurozone economy remains resilient despite potential US tariffs. While the threat of 30% duties on EU goods poses risks, economists expect the European Central Bank (ECB) to keep rates unchanged at 2.0% at its July 24 meeting.
UBS left unchanged its forecast for the British pound against the US dollar. However, as noted by analysts of the bank, the fall of the pound against the dollar in mid-June reflects the unsettled problems in the political and fiscal spheres of Britain.
The United States House of Representatives formally passed the landmark Digital Asset Market Structure Clarity Act (CLARITY), designed to address long-standing confusion over the classification of cryptocurrencies in the US financial system.
Saudi Arabia's seaborne oil exports remain high in July, following a sharp production increase in June amid rising geopolitical tensions. The country's total crude flows averaged 6.43 million barrels per day (bpd) in the first half of the month. This is the highest level in 16 months.
Amid the promotion of key cryptocurrency legislation approved by US President Donald Trump, American exchange-traded funds (ETFs) on Ethereum showed record inflows and trading volumes, Bloomberg reports.
Morgan Stanley's chief strategist Michael Wilson anticipates a 5–10% decline in the S&P 500 this quarter as US trade policies affect corporate earnings. However, he views this as a buying opportunity ahead of sustained market growth.
The Canadian dollar fell to a three-week low against the greenback on Thursday as encouraging US economic data boosted the appeal of American assets. Corpay says that US GDP growth has not slowed down, even after the government imposed import tariffs on major trade partners.
According to Swissquote Bank analyst Ipek Ozkardeskaya, undermining the independence of the US central bank will lead to extremely negative consequences. In these circumstances, she advised investors to look at safe haven assets, especially gold.
The world of business and finance is constantly changing. What trends and directions are relevant today? The answer to this question is key to successfully navigating in a trading and investment environment and better assessing the risks involved.
The global economy can be greatly impacted by major events, causing stock markets and exchange rates to plummet. The repercussions of one nation's crisis may extend to other countries, creating a butterfly effect with far-reaching consequences. While these events may be frightening for some, traders and investors use them as a chance to generate profits amidst a crisis.
Financial institutions act as intermediaries between borrowers and lenders. This group typically includes banks, as well as non-bank organizations such as pension funds, insurance companies, credit unions, and pawnshops. By supporting global trade, business growth, and job opportunities, these institutions play a crucial role in maintaining a stable and thriving economy.
All governments serve as regulators for businesses, both domestically and internationally. The economic policies implemented by separate states have a significant impact on their currency exchange rates and living expenses.
Market players are always looking for tools and opportunities to make a profitable investment, which is accompanied by some risks. This is where capital management comes into play, with the goal of minimizing losses and maximizing profits
By closely monitoring worldwide events and economic strategies of the top nations, traders and investors can make well-informed decisions in the financial world
