Donald Trump is still calling the shots, dominating world news. The latest is his push to end the war in Ukraine and his deliberations with Vladimir Putin, that eventually will impact global energy markets. Eight members of the OPEC+ group of producers, subject to voluntary extra output cuts, announced they will start increasing production from
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The UK economy is facing recession risks, with Wednesday’s Spring Statement confirming what many had feared: conditions are worsening, and government policy is making it harder, not easier, to grow. Rising taxes, increased employment costs, and added regulatory obligations are all landing at once, threatening to choke off business investment and hiring, according to Nigel
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Economic sentiment remained steady in March, according to University of Cyprus data, unchanged from February and still below the recent high reached three years ago, just before Russia invaded Ukraine and directly impacted the island’s tourism, services and output sectors. The university’s monthly Economic Sentiment Indicator (ESI-CypERC) remained at 109.0, the same level as February’s
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With Turkish assets plunging and the lira collapsing 10% in just 30 minutes on Tuesday, investors have made one thing unmistakably clear: political drama will not be tolerated when confidence is already on a knife edge. Turkish markets have been under pressure since last Wednesday, when Istanbul Mayor Ekrem Imamoglu – viewed as President Recep
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The EURGBP pair regained ground on Wednesday following the release of downbeat consumer price index (CPI) data from the UK, trading around 0.8340 in early European market hours. In February, the UK CPI rose 2.8% year-over-year, slowing from January’s 3.0% increase and missing market expectations of 2.9%. Despite the decline, inflation remains above the Bank
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Silver attracted some sellers during the Asian session on Wednesday and eroded a part of the previous day’s strong move up. The white metal currently trades around the $33.65-33.60 area, down 0.30% for the day, though the downside seems limited on the back of a bullish technical setup. The XAGUSD last week showed some resilience
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EURUSD found cushion around 1.0780 and rose to near 1.0820 in European trading on Tuesday. The major currency pair remains well bid even though the Euro trades cautiously on expectations that the European Central Bank could reduce interest rates again in April. The ECB has cut its key borrowing rates six times since June and expects to
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A climate reset is underway and there are fresh signs that moving away from fossil fuels will go slower than many governments had hoped. Analysts see a “decisive return to energy pragmatism” which is underway in key regions. Abu Dhabi’s Adnoc CEO Sultan al-Jaber said it is time to make energy great again. He said
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The Pound Sterling trimmed some of its earlier gains versus the US dollar on Monday, starting the week on an upbeat mood after Flash PMIs in both sides of the Atlantic, came mixed. GBPUSD was trading at 1.2933, up 0.16%. The market mood improved as traders seemed relieved that the US would target certain countries
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Elon Musk’s Department of Government Efficiency (DOGE) is taking a scalpel to federal spending, with the potential fallout likely to be brutal for companies reliant on government contracts. “The implications are vast. DOGE isn’t just about trimming the fat; it’s about a fundamental overhaul of how the federal government spends,” warned Nigel Green, CEO and
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