... note that key challenges will persist in 2025: Potential economic slowdown amidst high interest rates. Increased competition in retail banking. Regulatory changes that may impact banks' profitability. Commentary from Sergey Tereshkin, CEO of Open Oil Market «The results of the largest U.S. investment banks underscore the importance of adapting to changing conditions. The growth in interest income and asset management activity demonstrates that even in challenging times, banks can maintain resilience. This is a positive signal for investors and an indicator of future trends in the global financial sector.» Conclusion The profits of Goldman Sachs and JPMorgan Chase have exceeded expectations, highlighting their resilience amidst economic ...

... unexpectedly grew by +0.3% month-on-month, but a repeat of such growth is unlikely. Weak data would confirm that British consumers are still cutting back, cooling expectations for rapid economic growth and potentially weakening the pound. Conversely, resilient sales may alleviate recession fears and support the market. 11:00 MSK – Ifo Business Climate Index in Germany (July). The largest survey of the business environment in Germany: a slight drop in the index from around 88.5 to 88 points is expected, reflecting companies' cautiousness amid weak demand and ...

... historical peaks by the end of the week. On Thursday, the S&P 500 gained about 0.1%, while the Nasdaq rose by 0.2%, and on Friday, both indices remained close to these levels. The rally is supported by robust Q2 earnings reports and signs of economic resilience. Fresh data showed that consumer spending and the labor market remain strong: for example, durable goods orders dropped sharply by 9.3% in June after a surge in May, but excluding transportation, orders actually rose (+0.2% m/m), indicating stable business investment. Furthermore, initial jobless claims fell ...

... also a reflection of the energy sector's response to global demand and pricing pressures. Corporate dividend updates in Russia, while region-specific, highlight trends in resource-heavy economies. These payouts are significant in showcasing company resilience and investor confidence, even under challenging circumstances. At Open Oil Market, we are committed to helping our clients navigate the complexities of global markets by closely analyzing key data points and providing actionable insights. These events underscore the importance of staying informed in a rapidly evolving economic ...

... Activity Index (September) — Published at 12:00 GMT This index is a leading indicator for Brazil’s GDP, reflecting overall economic activity. Strong activity supports the Brazilian real and may boost investor sentiment, while weaker data could impact market confidence in Brazil’s economic resilience. Investor Focus: Eurozone and UK Inflation Data: The Eurozone CPI and UK retail sales data provide insights into inflationary trends and consumer behavior. High inflation may impact the ECB’s policy stance, affecting European equities, while ...