Revenue from Egypt's Suez Canal has decreased by around 50% as international shipping companies avoid passing through the Red Sea due to geopolitical concerns.
#Economy #Investment

Germany inflation rate rises to 2.4% from compared to 2.2% previously for an interest rate at 4.5% and a GDP flirting around 0%.
$EWG $VGER $ISVP $ISOL $SDEU

Russia's grain union sharply reduces 2024 harvest forecast, due to unseasonal subzero temperatures hitting key Agricultural areas.
Wheat prices currently at $684.23.
#ETF #ETC $WEAT

Nickel, increased by more than 37%, currently prices at $20'552.50 per ton +1.49%, on supply disruption concerns following riots erupted in New Caledonia which holds around 30% of the world's nickel reserve.
$NICK $NIKL $NIKU $BNQQ

US Treasury 10 year yield rose by almost 10 basis points to 5.545%, on stronger US consumer confidence and persistent inflation.
$TIP $STIP $TIPS $DMO $PPT

Nigerian government is cracking down on illegal lithium mining, making dozens of arrests.
Currently lithium prices at CNY 105'500.00, one month 🔻4.52%, one year 🔻64.54%.
Lithium is one of the few metals that has not experienced prices increase.
$LIT $BATT $LITG $LITU

Crude oil prices rise 3%, ahead of the OPEC+ meeting this weekend and geopolitical tensions.
Currently #WTI at $78.918 +0.42% and #Brent $83.224 +0.45%.
$CRUD $BRNT $LOIL $LBRT $WTI

The European Union has announced a 12% increase in the Shengen Visa.
A controversial measure mentioned as 'maintaining the security of the Shengen area' but which will have an impact on tourism and business travelers.
$VGK $IEV $IEUR $VERX $VEUR

Guyana is the country with the highest GDP forecast growth in 2024, currently at 64.4% from 20.1%.
The increase follows the entrance into the Caribbean Single Market, boosting the country's agriculture and mining (gold and bauxite) economy.
#Economy #Investment

Natural gas prices extend losses 🔻12% in four sessions, currently at $2.4863 🔻1.34%.
On Energy Information Administration (EIA) governmental report on surprising oversupply.
#ETF #ETC $NGAS

Russia's MOEX stock market index rose by more than 50%, following strong GDP now at 5.4% compared to 4.9% previously.
$SBER $ROSN $LKOH $NVTK

Nearly half of all US foreign owned debt comes from five countries :
Japan, China, United Kingdom, Belgium and Luxembourg.
Central banks own 50 to 75%, independent investors and companies held the rest.
$STIP $TLTW $TIP $USDU $TIPS

Cotton prices increased by almost 10%, currently steadied at $80.35. On weather report indicating heavy rains in the South Asia Delta and flooding in Brazil.
#ETF #ETC $COTN

New Delhi's trade deficit with Moscow has increased by 33% to over $57 billion, exports during the same period increased by about 32%, the primary cause of the rise is crude oil.
$NDIA $INDA $IIND $EPI $INR

Japan inflation eases further to 2.5% from 2.7%, not with high interest rates (0.1%), but with an exemption to be supplied with cheap energy.
$EWJ $DXJ $VJPN $JPNA $KHYB

Gold prices drop from all time high 🔻4% in three sessions, currently steadied at $2'329.21 🔻0.10%.
Check out this great post from Jesse Colombo who reminds us that fiat currency always eventually returns to its intrinsic value, ie zero bullionstar.us/blogs/bullions…

Crude oil prices fall for the fourth session, since April 2024 🔻11%, on Federal Reserve concerns over stagnant inflation and may hold interest rates higher for longer, weighing on energy demand.
$WTI $BRENT $CRUD $LOIL $BRNT

Power of Siberia, the mega pipeline that will carry natural gas from Russia to China will have an additional conduit laid for crude oil.
Natural gas prices currently steadied at $2.7923, +80% in three months.
#ETF #ETC $NGAS $NGSP

Silver prices, after rising by more than 35% in 2024, eased 🔻5% to $30.817. Amid reassessed Federal Reserve's monetary policy outlook.
$SLV $PHAG $SIVR $ISLN $PSLV

Heating oil prices dropped 🔻27% in eight months, currently at $2.4549 🔻0.21%. Amid worsening demand for heating due to mild weather in Europe.
#ETF #ETC $HEAT