RUSSIA: India’s Share in Russia’s Oil Exports Falls to 42% in August
Aug-29 07:16
- India's share of Russian oil exports shrank to 42.3% in the first three weeks of August from 47.6% a year earlier, but the country still remained a key market, Kommersant report. Russia is shipping a steady 165,000 tonnes of oil per day to India, offsetting a drop in exports to China. The newspaper add that a discount on Russia's Urals crude could be widened by more than $1.50 per barrel in order to retain Indian buyers.
- The Shanghai Cooperation Organization summit that begins on Sunday in Tianjin will bring together leaders from more than a dozen countries, including Russian President Vladimir Putin, Chinese leader Xi Jinping and India’s Narendra Modi.
- Meanwhile, German Chancellor Friedrich Merz said Thursday that a meeting between Ukrainian President Volodymyr Zelenskiy and Russia’s Vladimir Putin is unlikely to materialise. “Apparently a meeting between Zelenskiy and Putin won’t happen, unlike what has been agreed between President Trump and Putin,” Merz told reporters.
- Data-wise, the Bank of Russia reports weekly money supply figures later today. Looking ahead to next week, manufacturing and services PMI data for August are due.
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AUDNZD: Westpac Maintain Long Bias
Jul-30 07:09
Westpac remain “biased towards buying AUD/NZD on dips.”
- They’d look to enter longs around 1.0860, targeting 1.1050, with a trailing stop at 1.0810.
- Westpac note that “Australian Q2 CPI was softer than expected, locking in an RBA rate cut for 12 August. Further afield, developments in China have been encouraging. Iron ore has risen 10% during the past month, amid infrastructure announcements such the large hydro dam in Tibet. And the Shanghai Composite is up 9%. Regarding U.S.-China negotiations for an extended tariff truce, the mood is reportedly constructive, awaiting President Trump’s decision”.
MNI: SWISS KOF JUL ECONOMIC BAROMETER 101.1
Jul-30 07:00
- MNI: SWISS KOF JUL ECONOMIC BAROMETER 101.1
MNI: SPAIN JUL FLASH HICP -0.4% M/M, +2.7% Y/Y
Jul-30 07:00
- MNI: SPAIN JUL FLASH HICP -0.4% M/M, +2.7% Y/Y
- MNI: SPAIN JUL FLASH CPI -0.1% M/M, +2.7% Y/Y
- MNI: SPAIN JUL FLASH CORE CPI +2.3% Y/Y
