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Sources say Russia’s largest oil refinery, the Omsk refinery, has suspended operations following a drone attack on Monday.July 7th - Robert Kavcic, an economist at BMO Capital Markets, stated that Canada has clearly emerged from two consecutive quarters of sluggish GDP growth, with a strong recovery in net trade, partly driven by rising oil prices. According to Statistics Canadas May trade report, exports rose 0.9%, a robust 26% increase year-over-year. Energy sales accounted for the majority of the growth. Despite weak sales in May, Kavcic expects net trade to still provide a meaningful boost to second-quarter growth, contributing up to 2.0 percentage points.On July 7th, Wang Weizhong, Secretary of the Inner Mongolia Autonomous Region Party Committee and Chairman of the Standing Committee of the Peoples Congress, and Bao Gang, Deputy Secretary of the Inner Mongolia Autonomous Region Party Committee and Chairman of the Inner Mongolia Autonomous Region Peoples Government, met with Sha Yan, Secretary of the Party Committee and Chairman of the Board of Directors of the Shenzhen Stock Exchange, in Hohhot. Sha Yan stated that the Shenzhen Stock Exchange will fully leverage its advantages to continuously strengthen practical cooperation with Inner Mongolia in areas such as cultivating high-quality listed companies, facilitating corporate financing channels, promoting the growth of listed companies, and bond issuance. The Shenzhen Stock Exchange will utilize the multi-tiered capital market to help the autonomous region develop its distinctive and advantageous industries, including modern coal chemical industry, new energy, computing power, and modern agriculture and animal husbandry, enabling more high-quality enterprises to leverage the capital market to grow stronger and larger, and making greater contributions to the high-quality economic and social development of the entire region.The Moscow refinery in Russia has resumed oil processing.U.S. stocks opened lower and continued to decline, with the Nasdaq 100 index falling more than 2%, the Philadelphia Semiconductor Index falling more than 6%, and SanDisk (SNDK.O) and Western Digital (WDC.O) both down more than 10%.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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