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Friday, November 15, 2024: Key Economic Events for Investors

Friday closes the week with critical economic indicators across global markets. Investors will focus on Eurozone inflation data and UK retail sales, offering insights into consumer behavior and price stability in Europe. In the U.S., industrial production and consumer sentiment data will shape expectations for economic resilience, while import/export prices shed light on inflationary ...

Gasoline Stock Market Prices Hit Records: Reasons and Prospects for Gas Station Prices

... record highs since the beginning of the week, as if the complete ban on gasoline exports introduced just a week ago had never happened. The market did not anticipate a cooling period or a gradual decline in wholesale fuel prices. This suggests that retail prices are unlikely to stabilize anytime soon, having already surpassed the average inflation rate in the country since the beginning of the year (4.61% versus 4.51%). There is indeed an understanding that prices at gas stations should not rise ...

Singles' Day in China: Impact on Stock Markets and the Global Economy

November 11 marks Singles Day in China, the country's biggest annual shopping event, comparable in importance to Black Friday in the US. The day not only boosts sales for retailers and online companies like Alibaba and JD.com, but also reflects consumer sentiment and economic activity in the country. In this article, we will look at how the rise in sales in China affects US stock markets, international commodities, and ...

Weekly Economic Events Calendar for Traders in the U.S. and Russia (November 11 – November 15, 2024)

... banks closed but markets open. This will likely lead to reduced trading volumes, which may cause short-term volatility in U.S. markets. Meanwhile, in China, Singles’ Day, a major shopping event comparable to Black Friday, will significantly impact retail and e-commerce stocks like Alibaba and JD.com. The day’s sales results are essential for assessing consumer sentiment in China, especially amidst economic slowdown concerns. Russia’s decreasing trade surplus could weaken the ruble and heighten ...

U.S. Investment Banks Show Strong Results: 4th Quarter 2024 Overview

... contributions came from mergers and acquisitions (M&A), despite challenging market conditions. JPMorgan Chase (JPM): The bank showcased strong results due to rising interest income in light of increasing rates. Additional growth was fueled by robust retail banking performance and corporate client management. Expectations for Bank of America and Morgan Stanley Today, January 16, other major players in the U.S. banking sector—Bank of America (BAC) and Morgan Stanley (MS)—will unveil their results....