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— - 2 Louis Nevallier - 2 ussia - 1 Nevallier - 1 there's - 1 Brent - 1
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☆ Stock market today: Indexes close mixed before fresh inflation data
  + stars: | 2024-08-12 | by ( Max Adams | ) www.businessinsider.com   time to read: +2 min
New inflation data will arrive on Tuesday with the producer price index report for July. AdvertisementUS stocks wavered on Monday, struggling to keep the rally that materialized at the end of last week going ahead of new inflation data for July. On Tuesday, investors will digest the first of two inflation data points due out this week. The producer price index, a measure of wholesale inflation, is expected to be in-line with the June data at 0.2%. The second update will be the main event, with the consumer price index set to show the rise in inflation faced by the average consumer last month.
Persons: —, Louis Nevallier Organizations: Traders, Service, Fed, Pentagon Locations: Here's, Iran, Israel, Tehran
☆ Here's why the upcoming OPEC meeting will be a 'pivotal' moment as tensions simmer between Russia and Saudi Arabia over global oil supply
  + stars: | 2023-06-02 | by ( Max Adams | ) www.businessinsider.com   time to read: +3 min
The meeting comes as Russia continues to pump cheap crude oil into the global market. Tensions have risen as cheap Russian oil drives crude below a key break-even level for Saudi Arabia. "The OPEC+ meeting on June 4 should be pivotal," investor Louis Nevallier wrote in a note on Friday. Nevallier said that he expects a "very assertive" Saudi Arabia to show up to the meeting. The report said the country's budget needs international oil prices to stay above $81 a barrel.
Persons: —, Louis Nevallier, ussia, Nevallier, there's, Brent Organizations: Service, Reuters Locations: Russia, Saudi Arabia, OPEC, Saudi, India, Riyadh, Ukraine
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