Decis SITREP for 12 November 2024
Andrew Sheves Good morning. Here’s today’s SITREP covering Europe, The Middle East and North Africa.
Commodity and Rate Snapshot
🛢️** Crude Futures (WTI)**
$68.52
💵 **USD:EUR **
$ 1.062*
₿ Bitcoin
$87,015.19
*Price of 1EUR in USD. Values updated ~0600ET Nov 12. Data is illustrative, not for decision-making.
Financial data via Bloomberg, Freightos and AlphaVantage
Europe Stability Ratings and News Summary
More Unstable
🇦🇱 Albania, 🇧🇾 Belarus, 🇧🇪 Belgium, 🇧🇦 Bosnia And Herzegovina, 🇪🇪 Estonia, 🇫🇷 France, 🇩🇪 Germany, 🇭🇺 Hungary, 🇮🇪 Ireland, 🇱🇻 Latvia, 🇲🇰 Macedonia, 🇲🇩 Moldova, 🇲🇪 Montenegro, 🇳🇱 Netherlands, 🇷🇴 Romania, 🇷🇺 Russia, 🇪🇸 Spain, 🇸🇪 Sweden, 🇹🇷 Turkey, 🇺🇦 Ukraine
More Stable
🇮🇸 Iceland
Unchanged
🇦🇩 Andorra, 🇦🇹 Austria, 🇭🇷 Croatia, 🇨🇾 Cyprus, 🇨🇿 Czech Republic, 🇩🇰 Denmark, 🇫🇮 Finland, 🇬🇷 Greece, 🇮🇹 Italy, 🇱🇮 Liechtenstein, 🇱🇹 Lithuania, 🇱🇺 Luxembourg, 🇲🇹 Malta, 🇲🇨 Monaco, 🇳🇴 Norway, 🇵🇱 Poland, 🇵🇹 Portugal, 🇸🇲 San Marino, 🇷🇸 Serbia, 🇸🇰 Slovakia, 🇸🇮 Slovenia, 🇨🇭 Switzerland, 🇬🇧 United Kingdom
Regional News Summary: Europe
Switzerland’s economy continues to thrive, with strong growth reported in the third quarter. Redcare Pharmacy has announced impressive sales growth, alongside Burckhardt Compression, which has also seen increased profitability [SOURCE - Business Insider Markets]. However, Switzerland’s relations with the European Union remain strained, particularly concerning the contentious Swiss cohesion contribution, which continues to be a sticking point in ongoing negotiations between Swiss officials and EU leaders [SOURCE - Swissinfo].
In the realm of immigration policy, the Swiss Federal Council has announced plans to resume deportations of Afghan and Ukrainian ‘criminal migrants’, a move that has sparked debate within the country [SOURCE - Khaama News].
Meanwhile, the political landscape in the UK is shifting as the ultra-rich feel the impact of Labour’s tax-raising budget, reflecting a broader trend of increased tax burdens globally [SOURCE - CNBC].
The conflict in Ukraine remains a focal point of concern, with reports indicating the introduction of North Korean troops into the fray, raising alarms about the potential escalation of the war [SOURCE - The National Interest]. The Biden administration is reportedly expediting aid to Ukraine ahead of the anticipated Trump inauguration, with Germany pledging €4 billion in support despite its own economic challenges [[SOURCE - The Zimbabwe Mail]](https://w
Carpe tomorrow!