Skip to content Skip to sidebar Skip to footer

Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

Canada has announced a 100% tariff on Chinese-made electric vehicles (EVs), including those produced by Tesla, as part of a broader strategy to align with Western allies and protect domestic manufacturers. Tesla's shares fell by 3% on Monday following the announcement. The Canadian government revealed a 100% levy on Chinese-made EVs and a 25% levy…

ByPexecoAugust 27, 20240Comments

Banks

Poland’s Central Bank Increases Gold Reserves with Ambition to Reach 20%

The president of the National Bank of Poland, Adam Glapinski, has recently disclosed that the central bank plans to continue increasing its gold holdings, with a goal to have gold constitute 20% of the bank’s total reserves. The National Bank of Poland (NBP), also known as Narodowy Bank Polski, became one of the leading gold…

ByPexecoAugust 24, 20240Comments

Commodities

Oil Prices Drop as Ceasefire Hopes Rise Amid Israel-Hamas Conflict

Ceasefire hopes have risen following Israel's recent acceptance of a US bridging proposal. Hamas, however, has yet to do the same. Oil prices dropped close to their lowest levels in 2024 on Tuesday morning, following increased hopes of a ceasefire in the Israel-Hamas war. Brent crude oil prices inched down 1.03% to $76.8 per barrel…

ByPexecoAugust 20, 20240Comments

Commodities

Gold Shines So Far in 2024 as Central Banks Invest Heavily

KEY TAKEWAYS Gold has been one of the best-performing global assets of 2024, with central banks propelling much of the demand. Global official gold reserves increased by 290 metric tons in the first quarter of the year, the largest first-quarter increase since at least 2000, according to the World Gold Council. More North American professional…

ByPexecoJuly 11, 20240Comments

Commodities

What To Watch in Oil Markets in the Second Half of the Year

KEY TAKEWAYS A decision by OPEC+ to possibly boost production sooner than expected and diverging demand forecasts could hold oil prices down in the second half of the year. The U.S. Energy Information Administration recently lowered projections for Brent crude oil prices this year. The International Energy Agency also cut its demand forecast. For consumers,…

ByPexecoJuly 6, 20240Comments

Finance News

Manufacturing PMIs in the epicenter

OThe USD edged lower against its counterparts on Friday, yet the big picture of an overall sideways movement seems to be maintained. The highlight of the week for USD traders and not only for them, is expected to be the release of the US employment report for May on Friday, yet for today we highlight…

ByPexecoJune 4, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

Poland’s Central Bank Increases Gold Reserves with Ambition to Reach 20%

Oil Prices Drop as Ceasefire Hopes Rise Amid Israel-Hamas Conflict

Gold Shines So Far in 2024 as Central Banks Invest Heavily

What To Watch in Oil Markets in the Second Half of the Year

Manufacturing PMIs in the epicenter