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Brazilian Real Retreats from Two-Year High
The Brazilian real depreciated to 5.07 per USD in mid-May, retreating sharply from the two-year high of 4.89 reached earlier in the month. The decline followed reports alleging links between...
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Week Ahead - May 18th
Ongoing swings between conciliatory and confrontational rhetoric from the US and Iran will continue to influence markets, with no clear resolution to the conflict in sight. Despite macroeconomic headwinds, global...
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U.S. Oil Patch Activity Ticks Higher as Baker Hughes Rig Count Rises to 551
The U.S. energy sector saw a modest uptick in activity, with the Baker Hughes Total Rig Count rising to 551, up from 548 previously, according to data updated...
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U.S. Oil Rig Count Climbs to 415, Signaling Steady Drilling Momentum
The U.S. Baker Hughes Oil Rig Count rose to 415 on 15 May 2026, up from 410 previously, underscoring a continued, if measured, expansion in drilling activity across the country...
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Canada 10-Year Bond Yield Nears 2024 Highs
Canada’s 10-year government bond yield climbed to 3.70% in mid-May, its highest level in about two years, as rising oil prices rekindled worries about a potential inflation shock. Crude prices...
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Russia Inflation Rate Lower than Anticipated
Russia’s annual headline inflation slowed to a four-month low of 5.6% in April 2026, down from 5.9% in March and below the consensus forecast of 5.8%. Nonetheless, inflation remains significantly...
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Russia GDP Contracts in Q1
Russia’s economy shrank by 0.2% year-on-year in the first quarter of 2026, its first annual decline in three years, following a 1% expansion in the previous quarter. The release came...
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DAX Closes Deeply in the Red
Frankfurt’s DAX 40 extended losses on Friday, closing down about 2.1% at 23,951 and snapping a two-session rally, while underperforming most other major European indices. Sentiment weakened amid stalled diplomatic...
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European Stocks Close Week Lower
European stocks ended sharply lower on Friday as surging energy prices and renewed expectations of interest rate hikes by major central banks moved back into focus. The Eurozone’s STOXX...
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Colombia’s Quarterly GDP Growth Accelerates to 0.6% in Q1 2026
Colombia’s economy showed signs of strengthening at the start of 2026, with quarter‑on‑quarter GDP growth rising to 0.6% in the first quarter, up from 0.1% in the previous three months...