According to Eurostat data cited by Bloomberg, annual inflation in the eurozone dropped to its lowest level since mid-2021, with consumer prices increasing by 2.2% in August compared to 2.6% in July. This aligns with the analysts' average estimate, as stated by the agency. Core inflation, excluding fluctuations in food and energy costs, dropped to 2.8% as predicted by economists, following three...

Delegates in discussions stated that OPEC+ countries are likely to boost oil production in October as per their earlier plans, Bloomberg reports. Reportedly, the OPEC+ countries are set to boost production by 180 thousand barrels per day in October. Simultaneously, the group has stressed multiple times that it may reject such a move due to the market conditions, with several analysts and market...

The Ministry of Industry and Information Technology has halted the granting of permits for new steel plants until existing capacities are decommissioned, according to MarketWatch citing the ministry's announcement. Officials are working on a fresh method for capacity substitution, but the specifics are still unidentified. The existing system has been put on hold due to excess production...

Temporary anti-dumping duties have been enforced by the European Union on biodiesel imports from China. A document published in the EU's official journal states that duties ranging from 12.8% to 36.4% are applied to producers for a period of six months. The decision comes after the European Commission conducted an inquiry due to complaints from European biofuel manufacturers. The Federation...

According to the report from the Gas Exporting Countries Forum (GECF), global imports of liquefied natural gas (LNG) rose by 1.8% year-on-year to reach 32.7 million tons in July 2024. The document highlights that these indicators set a record for the current month. The report stated that the Asia-Pacific region, the Middle East, and Africa significantly influenced the increase in imports....

In the first half of the year, Norway's largest sovereign wealth fund, known as the Oil Fund, recorded a profit of 1.478 billion kroner ($138 million). The fund recorded an 8.6% investment return, partially attributed to the devaluation of the country's currency and increasing stock prices, particularly in tech and finance sectors. Revenue from investing in stocks equaled 12.5%, while in real...

According to a report from the United States Department of Energy, wind farms produced a record 47.7 GWh of electricity in April, surpassing the 37.2 GWh generated by coal-fired plants. At that, coal plants produced 15% additional electricity compared to wind plants in January-April. To compare, wind plants in the United States only generated 1.3 GWh of electricity in March 2004, whereas coal...

According to the monthly survey by Bank of America, over half (60%) of stock managers anticipate a minimum of four interest rate reductions from the Federal Reserve in the next year. MarketWatch reports that 39% of respondents identified recession as the primary risk for their investment portfolios, with geopolitical conflicts coming in second place. Currently, 76% of respondents anticipate a...

A survey by the American Association of Individual Investors (AAII) shows that U.S. retail investors are feeling more pessimistic about the stock market, reaching the highest level in nine months following the stock market crash on August 5, reports MarketWatch. 37.5% of respondents are now "bears," anticipating a decrease in stock prices in the next six months, compared to 25% the previous week....