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Daily Market Analysis 9 May 2022
Written on May 9, 2022 at 9:14 am
Categories: Pu Daily Market Analysis, Pu Meet Our Analysts
EU Considering Sixth Round of Sanctions Against Russia

The EU has announced a new series of sanctions in their latest proposal. Included is a plan to phase out Russian crude imports in a span of six months. This means a ban on all Russian oil, crude and refined. Enacting the sanction will be a major challenge given that Russian oil accounted for 25%Continue Reading
Written on May 9, 2022 at 1:18 am
Categories: Weekly Outlook
Rate Hike Overshadows US ADP Nonfarm Employment Figures

On Wednesday afternoon (GMT+3), the US ADP Nonfarm Employment Change figures were announced, revealing that employment in the US rose by 247,000, lower than the forecasted increase of 395,000 and the previous month’s increase of 479,000. Markets were largely unmoved by the ADP Employment figures as participants awaited the Fed’s interest rate decision. For theContinue Reading
Written on May 5, 2022 at 7:02 am
Categories: Weekly Outlook
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