Thanksgiving Day in the USA: history of the holiday, market closure and impact on global investors

... international markets. Plus, learn why Black Friday, the day after Thanksgiving, is a crucial indicator for the U.S. economy and retail sector. Plan your investment strategies wisely during this period of market pause and volatility. Read the full article to uncover ... ... This shared feast became a symbol of cooperation and mutual aid. In 1863, President Abraham Lincoln declared Thanksgiving a bank holiday, setting it for the last Thursday in November. In 1941, the U.S. Congress approved the official date of the celebration ...

Modified: 11/27/2024
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Frozen Deposits in Russia: How Real Is the Risk? How to Protect Your Savings Amid High Interest Rates

... or devaluation of savings. Here are key examples: Soviet Union, 1991: The collapse of the USSR led to hyperinflation and the devaluation of savings in Sberbank accounts, effectively wiping out household wealth. 1998 Crisis: The ruble’s collapse and banking sector failures made it difficult for depositors to access their funds, causing significant financial losses. Pavlov’s Reforms, 1991: Restrictions on cash withdrawals and temporary freezing of savings accounts were introduced. Inflation soon eroded ...

Modified: 11/26/2024
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Friday, November 29, 2024: Analysis of Key Events and Reports

... AG (VOW): The automotive giant is expected to release its earnings report. Investors will look for insights into consumer demand and supply chain dynamics. Deutsche Bank AG (DBK): The financial institution's earnings will provide indications of the banking sector's health in Europe. United States: No major earnings reports are scheduled. Implications for Investors: Economic Indicators: Eurozone inflation and UK monetary policy insights will be closely watched for indications of economic health and potential ...

Modified: 11/26/2024
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Wednesday, November 27, 2024: Analysis of Key Events and Reports

... important for energy markets in both Europe and the U.S. ECB Representative Speech: McCaul Statements from a European Central Bank representative may contain hints about monetary policy, which is important for traders working with the euro. Emergency Ukraine-NATO ... ... Kohl's Corp (KSS): An expected revenue decline of 5.0% may signal challenges in retail and negatively impact the consumer goods sector. Best Buy Co. Inc. (BBY): An anticipated revenue decrease of 1.3% could reflect reduced consumption of electronics, important ...

Modified: 11/26/2024
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Monday, November 25, 2024: Analysis of Key Events and Reports

... like industrial production, employment, and consumption. A positive reading may strengthen the dollar, indicating robust economic health. 15:30 GMT: United States – Dallas Fed Manufacturing Index for November Reflecting the state of the manufacturing sector in the Dallas region, an uptick in this index could signal manufacturing growth, potentially influencing investor sentiment positively. Central Bank Speeches: European Central Bank (ECB): Philip Lane (Chief Economist) and Joachim Nagel (Bundesbank President) are scheduled to speak. Their remarks may offer insights into future monetary policy directions, which are pivotal for traders dealing with ...

Modified: 11/25/2024
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Weekly Economic Events Calendar for U.S. and European Traders (November 25–29, 2024)

... GMT: U.S. – Chicago Fed National Activity Index for October. This provides insight into the overall economic activity in the U.S. 16:30 GMT: U.S. – Dallas Fed Manufacturing Business Index for November. This reflects the health of the manufacturing sector in the Dallas region. Central Bank Speeches: Lane and Nagel from the European Central Bank (ECB) are scheduled to speak. Their comments may offer clues about future ECB monetary policy. Impact on U.S. and Europe: The release of the Ifo index may influence the euro, affecting trade ...

Modified: 11/25/2024
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Friday, November 22, 2024 Key Economic Events

... markets. Reserve Bank of India (09:30 GMT): The release of the latest meeting minutes will provide insights into the central bank's stance on inflation and economic growth. Economic Data Releases Purchasing Managers' Index (PMI) Data: Germany (11:30 GMT): ... ... Corporate Earnings Reports Alibaba Group (BABA): The quarterly earnings report will shed light on trends in the Chinese e-commerce sector, potentially influencing global tech market sentiment. PetroChina (PTR): As a major player in the energy sector, its financial ...

Modified: 11/21/2024
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Thursday, November 21, 2024 Key Economic Events

... (2:00 PM MSK): The Central Bank of Turkey is expected to raise its key interest rate to combat inflation. This decision could strengthen the Turkish lira and impact trade relations with the European Union, particularly in the energy and agriculture sectors. Central Bank of South Africa (4:00 PM MSK): The rate decision may significantly affect the South African rand and emerging markets. This is crucial for European and U.S. investors with interests in Africa or in commodities tied to South African markets. Economic ...

Modified: 11/20/2024
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Wednesday, November 20, 2024: Key Economic Events of the Day

... demand based on China's economic policies. A reduction in the LPR could stimulate Chinese demand for European goods, benefiting sectors such as automotive and luxury goods. Impact on the United States: The U.S. economy, with its substantial trade ties to ... ... October (10:00 GMT) The release of the UK's inflation data will provide insights into consumer price trends and may influence the Bank of England's monetary policy decisions. Impact on Europe: Inflation trends in the UK can affect the strength of the British ...

Modified: 11/19/2024
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Tuesday, November 19, 2024: Key Economic Events for Investors

... Investors trading in the euro, Canadian dollar, or real estate-linked assets should monitor these data points closely. Strong inflation figures may lead central banks to adjust interest rates, impacting bond yields, currencies, and inflation-sensitive sectors. Central Bank Speeches Key central bank officials are set to speak today: ECB’s Frank Elderson – Expected to emphasize the importance of stability in the Eurozone and discuss inflationary pressures. Bank of England Governor – May comment on the British economy ...

Modified: 11/18/2024
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Monday, November 18, 2024: Key Economic Events of the Day

... reports could support Russian tech stocks and market sentiment. Recommendations for Russian Traders Track G20 News: Comments on sanctions, global markets, and energy policy may immediately impact the ruble and Russian stocks, especially in the energy sector. Follow Central Bank Speeches: Pay attention to statements from Fed and ECB representatives. Key signals about monetary tightening could boost the dollar and euro, affecting the ruble. React to Western Company Reports: Strong earnings could benefit global markets, providing ...

Modified: 11/18/2024
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Weekly Economic Events Calendar for U.S. and Russian Traders (November 18 – 22, 2024)

... of Canada’s rate decisions. Key Central Bank Speakers: Elderson (EU): Likely to emphasize stability and inflation control. Bank of England Governor: Expected to comment on UK economic conditions post-Brexit. Schmid (U.S.): Likely to address U.S. economic ... ... MARKET Pre-IPO Open Oil Market is currently in a pre-IPO funding round. Despite economic challenges and high interest rates, the sector and our project retain robust investor interest. Our pre-IPO phase aims to attract capital and demonstrate our resilience ...

Modified: 11/18/2024
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