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Old 11-07-2023, 09:35
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VolkovYuriy VolkovYuriy is offline
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Join Date: Dec 2013
Posts: 455
Default Re: FreshForex -


Dear traders!

Oil prices fell in Asian trading on Monday as investors are cautious ahead of fresh economic data from top consumers in the United States and China this week, although an expected drop in crude supplies from Saudi Arabia and Russia capped losses.

Brent crude futures fell 55 cents, or 0.7%, to $77.92 a barrel by 0630 GMT, while U.S. West Texas Intermediate was at $73.31 a barrel, also down 55 cents, or 0.7%.

Factory prices in China fell in June at the fastest pace in seven years, government data showed on Monday, as the pace of economic recovery in the world's second-largest economy slowed.

Oil prices rose more than 4% last week to their highest levels since May, climbing for a second straight week after the world's biggest oil exporters, Saudi Arabia and Russia, pledged to deepen supply cuts in August.

Experts believe market volatility is fueled by the ongoing tug-of-war between concerns about demand controls by Western economies and OPEC's supply control strategies, affecting the delicate balance of the oil market.

Non-OPEC+ supply is keeping pace with global demand, JPMorgan analysts said in a note, adding that OPEC+ needs to deepen production cuts by another 700,000 bpd in the second half of the year on top of the announced cuts and extend them to 2024.


Dear clients,

Shares of Apple, Microsoft and other heavyweights fell on Monday after Nasdaq Inc said it intends to rebalance the Nasdaq 100 index to eliminate "over-concentration."

Apple's market capitalization fell 1.1% to $2.967 trillion, after surpassing the $3 trillion threshold for the first time on June 30. Shares of Alphabet and Amazon fell more than 2%, while Microsoft and Tesla fell more than 1%.

Wall Street's most expensive stocks declined after Nasdaq said late Friday that it would conduct a "special rebalancing" of the index to "eliminate excessive concentration in the index by reallocating weightings."

The adjustment will be based on shares outstanding as of July 3, and the changes will be announced July 14 and take effect before the market opens July 24.
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