📊 Last week, 229 thousand new applications for unemployment benefits were filed in the United States, after a similar figure two weeks earlier;

🇺🇸 US retail sales rose 0.1% in April, compared to a 1.5% increase in March;

📉 The US producer price index fell to 2.4% in April from 2.7% year-on-year, while the core indicator excluding food and energy prices fell to 3.1% from 4%;

🇨🇭The Swiss economy grew 0.7% in the first quarter, after growing 0.5% in Q4 2024, marking the strongest quarterly growth since early 2023;

🇯🇵 Japan's economy contracted 0.2% in the first quarter of 2025 after growing 0.6% in the fourth quarter of 2024.

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#brent

🛢 Brent crude is trading at $65.20 per barrel.

⚠️ The prices are under pressure from reports of a possible nuclear deal between the US and Iran, which could lead to the lifting of sanctions. US President Donald Trump said that the US is close to an agreement with Iran, which could be signed in the coming days. According to a Reuters report, the lifting of sanctions on Iran will allow the Islamic state to increase production by more than 600,000 barrels per day.

📊 A factor in the decline in oil prices was also the latest data from the Energy Information Administration, according to which US oil reserves increased by 3.4 million barrels last week. Meanwhile, the International Energy Agency raised its global supply forecast by 380,000 barrels per day, citing increased oil production in OPEC+ countries.

📉 Given the above, Brent crude oil retains potential for decline.

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💡 Holidays and dividends in the following week
📆 May 19 – May 24, 2025

Dear clients❗️

Please note that this schedule is intended for informational purposes only and may be subject to change.

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