China stimulates demand

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Source: Dukascopy Bank SA
In an effort to ensure economic recovery, the Chinese government has revealed in its report on next five-year plan aims to increase domestic demand.
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Thu, 28 Dec 2023 15:30:03 GMT

Red Sea attacks add costs

Reuters has reported that Amazon, Home Depo, Walmart and IKEA suppliers have all had to reroute theirs shipping from the Red Sea due to the risks of an attack and seizure of vessels by the Houthis. The rerouting has created additional costs that are expected to increase prices.

Thu, 28 Dec 2023 11:30:03 GMT

United States replenish reserves

The US Department of Energy has announced that it has replenished the Strategic Petroleum Reserve with a total of three million barrels.

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