Market Overview
Oil prices have fallen to November 2021 lows. OPEC+ lowered demand estimates
2024.09.11
WTI crude prices fell more than 4% to $65.7 a barrel on Tuesday, hitting their lowest level since November 2021, after OPEC cut demand prognoses for the second time in two months.
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Natural gas prices fell by 4%. Oil also remains under pressure from weak demand
2024.09.10
US natural gas (XNG/USD) prices fell more than 3% to below $2.35 per MMBtu due to a looming hurricane expected to hit Louisiana this week.
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The Bank of Canada is likely to continue cutting rates amid a weak labor market. OPEC+ postponed the planned production increase
2024.09.09
Canada's unemployment rate climbed to 6.6%, the highest since October 2021, reflecting the Bank of Canada's fears of a cooling labor market, as evidenced by its recent 25 bps rate cut.
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Week's main events Week's main events (September 09 – September 13)
2024.09.09
Investors' attention this week is focused on US inflation data and ECB Interest Rate Decision
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Japan's leading indicators point to economic growth. Typhoon disrupted the work of the Hong Kong stock exchange
2024.09.06
Japan's Leading Economic Index indicators, which are used to gauge the economic outlook several months ahead on data such as job offers and consumer sentiment, rose to 109.5 in July 2024 from a margin...
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The Bank of Canada cut the rate by 0.25%. Oil continues to fall in price
2024.09.05
The Bank of Canada (BoC) decided on a 25 bps rate cut, which was widely expected, citing growing economic concerns amid inflation approaching the Central Bank's 2% target.
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Oil fell to the lowest level of the year. Stock indices are under pressure from weak economic data
2024.09.04
WTI crude oil prices fell more than 4% below $71/bbl on Tuesday, the lowest since early January, as weak demand amplified the impact of relatively ample supply.
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Natural gas rises amid rising demand. The manufacturing sector in Australia and China shows a decline
2024.09.03
The Australian dollar fell as low as $0.675, hitting a more than one-week low, as lower iron ore and other commodity prices pressured the currency as the country's economy relies heavily on commodity...
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The US economy is likely headed for a soft landing. Oil prices are falling due to OPEC production increase
2024.09.02
WTI crude oil prices fell to $73 a barrel on Monday, extending a decline of more than 3% from the previous session, as the market was impacted by OPEC's plan to increase production next quarter.
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Week's main events Week's main events (September 02 – September 06)
2024.09.02
This week, the main focus will be the US labor market data, the BoC meeting, as well as the Manufacturing PMI
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