Articles by: Silvia Hristovamm

Eurozone industrial economic activity slows down in April

April 24, 2018 10:37 amComments Off on Eurozone industrial economic activity slows down in April
Eurozone industrial economic activity slows down in April

Eurozone industrial economic activity slows down in April, but achieves a better than expected outcome. This is clear from the preliminary data of the IHS Markit Purchasing Managers’ Index (PMI) for April. The PMI reached 58.2 points on consensus forecast for 57.5 points. This is, however, the weakest read of the data since last July, after the growth of new orders slowed for the fourth month in a row to […]

Read more ›

OPEC aims to expands the quantitative cuts

April 23, 2018 10:43 amComments Off on OPEC aims to expands the quantitative cuts
OPEC aims to expands the quantitative cuts

The surplus of oil reserves, which weighed on raw material prices for three years, has almost disappeared, but instead of celebrating its victory, the OPEC and Russia are looking for reasons to continue quantitative cuts. The historic agreement of the OPEC group and other producers, including Russia, known as OPEC+, has achieved impressive results, removing 97% of the surplus. However, the cutback should continue as another important task – stimulating […]

Read more ›

China warned for counter measures against new US duties

April 3, 2018 8:19 amComments Off on China warned for counter measures against new US duties
China warned for counter measures against new US duties

Authorities in Beijing will take countermeasures at “the same ratio” and scale if the US imposes more duties on Chinese goods. This was stated by the Chinese ambassador to Washington, further stirring worries about a possible trade war. His comment was made at the start of the week that the US authorities are expected to announce the introduction of customs duties on Chinese goods worth up to 60 billion USD. […]

Read more ›