fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

12 September 2022,06:57

Weekly Outlook

US to Place Cap on Russian Oil

12 September 2022, 06:57

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

The US will be joining its G7 peers in placing a price cap on crude coming out of Russia in a bid to both limit the Kremlin’s ability to fund its war, while cooling inflation and oil prices. The price cap has been set to take effect 5 December, the same time Europe’s six-sanction package goes live. While the US is trying to get more countries to join the oil price cap coalition, the measure will also give countries that aren’t in the coalition, like India and Indonesia, more negotiating power when it comes to paying for Russian oil. 

ECB Announces Biggest Rate Hike in EU History

The European Central Bank has agreed to increase three of its key interest rates by 0.75%, or 75 basis points, in its coming interest rate decision. This is the largest one-time raise ever implemented by the ECB, and will raise the lending rate for banks to 1.25% after a 0.50% raise in July that ended years of negative interest rates in the eurozone. ECB president Christine Lagarde has said that the bank will continue raising rates to slow demand and battle rampant inflation – which reached 9.1% in August. The euro, which has been dropping against the dollar for weeks, found some relief after the ECB signalled that it will be closing the monetary policy gap with the Fed. 

Roblox Jumps Into Online Advertising

Gaming and entertainment giant Roblox has announced its plans to debut advertising next year, making this the company’s first major step towards diversifying its revenue stream beyond its current transactions-based economy. Currently, Roblox’s business model includes the sale of in-game currency that can be used to purchase additional features, and licensing its merchandise. Advertising, however, is another major step for the brand to leverage its 52 million players. Online ads have already been tested with some companies including Warner Bros. and Vans to positive reception.

Commencer à trader avec un avantage

Tradez le Forex, les indices, Métaux et plus encore avec des spreads faibles et une exécution ultra-rapide.

  • Commencez à trader avec des dépôts aussi faibles que 50 $ sur nos comptes standard.
  • Accès 24h/24 et 7j/7 à notre service d’assistance.
  • Accédez à des centaines d’instruments, à des outils pédagogiques gratuits et à certaines des meilleures promotions du moment.
Nous rejoindre

Latest Posts

Ouverture de compte rapide et facile

Créer un compte réel
  • 1

    S’inscrire

    Inscrivez-vous pour un compte réel PU Prime grâce à notre procédure simplifiée.

  • 2

    Approvisionner

    Approvisionnez facilement votre compte grâce à un large éventail de canaux et de devises acceptées.

  • 3

    Commencer à trader

    Accédez à des centaines d’instruments avec les meilleures conditions de trading.