Since Russia began its attack on Ukraine over a week ago, the world feels once again polarised in a pro-Russia/anti-Russia sentiment, reminiscent of the Cold War era. While tensions escalated as Moscow perceived the possible expansion of NATO as a "security threat," and this war is often touted as the fallout of skewed energy dependence, the less discussed aspects, such as defending democracy and human rights, are now gradually coming to the fore. The strengthened sense of solidarity in the EU and NATO is seen as an effort to protect countries that stand for such values and civil liberties.
Consumers turn gloomy as the holiday season begins.
The RealClearMarkets/TIPP Economic Optimism Index is the earliest take on consumer confidence each month and predicts with high reliability monthly changes in sentiment in well-known polls by The Conference Board and the University of Michigan. Began in February 2001, the Indices were developed by TIPP for its media partners
Competition between the two major powers.
High-interest rates are a major factor in slowing EV demand.