β οΈπ¬π± The European Union has proposed the consideration of sending troops to Greenland, according to a report by Politico.
π’π¨π³ After halting oil supplies from Venezuela, Chinese refineries are seeking alternative sources of oil, including Canada and Iran, according to BBG/RTRS. Former President Trump previously stated that there would be no issues with China as it would secure its oil supply.
β οΈπ·πΊ Russian stocks are experiencing another surge, as recent monitoring reveals significant activity. Investors are closely watching the market's fluctuations, which have been marked by notable volatility. The latest trends suggest a renewed interest in Russian equities, prompting discussions among analysts about potential future movements. For more information, visit here.
πΊπΈ Miran, a Trump appointee at the Federal Reserve, has stated that the Fed should reduce interest rates by 1.5% this year. Since the beginning of the year, Miran has been advocating for a significant rate cut during TV broadcasts before market openings, emphasizing that such a move would reassure everyone, including grandmothers in Kansas, about the state of the economy and the stock market.
π Upcoming Events
πΊπΈ The United States will release Initial Jobless Claims at 16:30 MSK. Additionally, the Trade Balance for October will also be announced at the same time.
πΊπΈ The United States will release Initial Jobless Claims at 16:30 MSK. Additionally, the Trade Balance for October will also be announced at the same time.
π¨ The United States has reported its Initial Jobless Claims at 208,000, slightly below the expected 213,000 and an increase from the previous week's 200,000. Meanwhile, Continuing Jobless Claims stand at 1.914 million, surpassing expectations of 1.9 million and up from the earlier figure of 1.866 million, which was revised to 1.858 million.
π¨πΊπΈ The United States' trade balance for October reported a deficit of $29.4 billion, significantly better than the expected $58.1 billion and a decrease from the previous figure of $48.1 billion. This marks the lowest trade deficit recorded since 2016.
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π’πΊπΈπ»πͺ JD Vance, a potential future U.S. president, revealed that while everyone was celebrating, the U.S. gifted itself a new resource-rich colony for the New Year.
mt Π² max
mt Π² max
π¨ The U.S. Treasury Secretary, Janet Yellen, has urged the Federal Reserve to lower interest rates. This call comes amid ongoing economic challenges, as the government seeks measures to stimulate growth and manage inflation effectively.
β οΈπ¬π± The European Union is exploring potential responses to former President Trump's threats regarding Greenland, according to Estonian Prime Minister Kaja Kallas. The situation has raised concerns about geopolitical stability in the region. For more information, visit mt Π² max.
β οΈπ’π·πΊ The Russian gas industry, including Gazprom, is facing a significant issue as it enters a period of surplus in the global fuel market, experts from the Institute of Energy and Finance report. This development poses challenges for the sector's future amidst shifting demand dynamics. For further details, visit the link: here.
π’πΊπΈπ»πͺ Vitol and Trafigura are in talks with the United States regarding the sale of Venezuelan oil, according to RTRS.
π·πΊ Russia's Minister of Industry and Trade, Denis Manturov, announced that a roadmap is being prepared for the establishment of a new national trade model.