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On September 1st, UBS analysts predicted that the European Central Banks interest rate-cutting cycle may be over, predicting the deposit rate will remain unchanged at 2% at its September policy meeting. While we expect the Eurozone economy to stagnate in the second half of 2025 due to US tariffs, and inflation to remain flat or below the 2% target for several quarters, the ECB is not expected to cut rates further. This assessment is primarily based on the EUs massive fiscal stimulus: on the one hand, the EU is increasing defense spending; on the other, Germany is increasing infrastructure investment. Analysts believe these measures will gradually take effect starting in early 2026, providing support to the economy.NIO (09866.HK): 166,472 vehicles delivered this year, a year-on-year increase of 30.0%NIO (09866.HK): The company delivered 31,305 vehicles in August 2025, a year-on-year increase of 55.2%.The eurozone unemployment rate was 6.2% in July, in line with expectations and the previous value of 6.20%.On September 1st, Li Xiang, CEO of Ideal Auto (02015.HK), stated on social media, "2025 is the first year that Ideal Auto officially enters the pure electric SUV market. My inner goal is: by the end of this year, we can "maintain the top five and strive for the top three" in the high-end pure electric market. The goal for the Ideal i8 is to stabilize at 6,000 units/month, and the goal for the Ideal i6 is to stabilize at 9,000-10,000 units/month. Including the Ideal MEGA, the overall Ideal pure electric model sales are stable at 18,000-20,000 units/month. There are many experts in the pure electric market, and it will definitely not be easy to achieve this goal, but I am full of confidence!"

Oil Prices Climb As The EU Bans Most Russian Oil Imports

Charlie Brooks

May 31, 2022 11:42

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Oil prices increased on Tuesday as the European Union (EU) agreed to reduce its oil imports from Russia by the end of 2022, fueling fears of a tightening market already stressed for supply due to rising demand ahead of the peak summer driving season in the United States and Europe.


At 00:54 GMT, Brent crude futures for July, whose contract expires on Tuesday, rose 33 cents to $122.50 a barrel. The more popular August contract increased 33 cents to $117.93.


Futures contracts for U.S. West Texas Intermediate (WTI) crude were trading at $117.31 a barrel, an increase of $2.24 from Friday's closing. Due to a U.S. holiday, there was no settlement on Monday.


European Union leaders agreed in principle to reduce oil imports from Russia by 90 percent by the end of 2022, breaking a stalemate with Hungary over the bloc's heaviest sanction against Moscow since the invasion of Ukraine three months ago.


Due to the fact that the market has already factored in the supply limits, according to some analysts, oil price improvements may be modest.


SPI Asset Management Managing Partner Stephen Innes told Reuters that the market had "already factored in EU self-sanction and much less Russian oil moving to Europe this year"


Innes continued, "I believe the market is pricing in some more Asia demand via China; nevertheless, the glaring issues are the soaring gasoline prices at the pump, which could lead to some demand destruction over the driving season."


Following the removal of COVID-19 restrictions, China's demand is anticipated to increase. Shanghai has announced the end of its two-month lockdown and will permit the vast majority of residents in China's largest metropolis to leave their homes and drive cars beginning Wednesday.


On the production side, OPEC+ is expected to adhere to its agreement from last year at its meeting on Thursday, with a moderate July output rise of 432,000 barrels per day, according to six sources from OPEC+. This is in response to Western calls for a more rapid increase to curb skyrocketing prices.


The Organization of the Petroleum Exporting Countries and its allies, led by Russia, argue that the oil market is in equilibrium and that recent price increases are unrelated to underlying fundamentals.


In 2022, oil prices on both sides of the Atlantic reached their highest level in more than a decade and are up more than 55 percent so far in 2022.