Oil is making gains and the expectations of major banks regarding the global economy.

Concerns related to the increasing global demand affected the dollar,
which was directly reflected in oil, which made significant gains in its last sessions,
as West Texas crude rose from $85 to $88 a barrel,
which shows the extent of the investors’ appetite for risk,
and this also came Amid rises in the European stock market also due to betting
on a decline in inflation because it has reached its peak stage

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Indications that support the rise of oil

iPhone 14 is the best-selling device for a company and raises Apple shares at the highest pace since May.

Indications that support the rise of oil

Oil is currently the biggest beneficiary of the dollar’s decline,
due to the optimism that prevails in everyone about the slowdown in inflation in the near future,
in addition to the suspension of talks related to the Iranian nuclear agreement,
and thus its impact on supplies
As for China, it is striving to try to reduce the closures related to the “zero Covid” plan.

new challenges

On the Chinese side, we may witness a strict week in terms of closures and restrictions,
as a result of the approaching date of an important meeting of the Communist Party,
and the outbreaks of the epidemic in one of the colleges need to be quickly eliminated in the least period

On the American side,
the US Treasury Department issued a set of strict guidelines related to setting the proposed price ceiling for Russian oil,
and it is scheduled to start next December.

JP Morgan and an optimistic view of the global economy

There are many scenarios currently related to the global economy,
including the expectations of the global investment bank “JP Morgan”,
in which he indicated that the soft landing, as he described it,
is the closest currently to the global economy,
and this is a strong catalyst for high-risk assets,
and these expectations came as a result of recent statistics
Which indicates a wave of moderation in inflation,
a revival in growth and some stability also in consumer confidence,
all of which point to avoiding a recession
These positive indicators were a reason to raise the market’s morale,
and that inflation now may have reached its peak

Goldman Sachs warns of European assets

The global economy faces many challenges in Europe,
which may continue to pressure its assets, this comes despite the positive balance between risks,
rewards and financial support in order to reduce energy demand,
and the Bank is still very concerned about the energy crisis that imposes itself in a way Big on the economy,
which may lead to a recession in the United States and Europe

But the bank is still working on evaluating European stocks without their relative weight,
and the current prices strongly reflect the risks,
and the shares of the “S&P 500” index fell in terms of dollar value,
with the euro declining by more than 10%

artical name Oil is making gains

iPhone 14 is the best-selling device for a company and raises Apple shares at the highest pace since May.

The technology giant “Apple” benefited from the high sales of its new device “iPhone 14”,
and the data showed a significant increase in pre-orders for the “iPhone 14 Pro Max” device,
specifically by comparing the old versions in terms of sales during the same time period,
and the company’s shares rose by about 3.9% In trading on Monday,
which is the highest rise in the company’s shares since May of this year,
the data also indicates the great demand for this series,
and therefore further rise is expected on the “Apple” stock.

Apple stock performance

In light of the positive reports, the company’s shares have benefited by achieving profits
that are the largest among the rest of the technology companies with a large market value for the current year,
and investors always want to keep more “Apple” shares due to
the company’s ability to always benefit from the customer base that exceeded one billion customers,
by selling Its additional services such as subscription applications,

video services, etc., and investors are looking forward to the next report related to
the company’s profits in the three months ending this September,
and the report is scheduled to be announced at the end of the year,
specifically in October.

“Apple” and the crisis of monopoly payments via “iPhone” devices

Last May, Apple was subjected to a complaint from
the European Union due to the company’s monopoly on payments and restricting access to services
that accept payment in different ways.
This complaint is against Apple,
which may face fines of billions of dollars,
but the European Union is waiting for the company to suspend.
But “Apple” defended its position by saying that it gave all banks equal
access to the payment system through “Apple Pay”,
as the number of banks reached 2,500 banks in Europe only.

artical name Oil is making gains

Oil is making gains

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