The Strategist
Markets & Industries

IEA expects rise in global oil demand - 11/17/2021

The International Energy Agency (IEA) has barely changed its forecasts for global oil demand in 2021-2022: it still expects it to grow by 5.5 million bpd this year and has raised its 2022 forecast by 0.1 million bpd to 3.4 million bpd, according to a November report from the agency. "Global oil demand is rising due to strong gasoline consumption and increased international travel as more...

Market value of Dubai stock exchange operator doubles in a fortnight - 11/15/2021

Shares in Dubai's stock exchange operator have more than doubled in a fortnight. So far, the bourse is losing competition to the Abu Dhabi-based exchange, but the new management is actively working to gain investors' attention, Bloomberg noted. The market value of Dubai Financial Market, the operator of the Dubai Stock Exchange, has doubled since the beginning of November, in just two weeks,...

US Fed: Problems in China's real estate market could affect global and US economy - 11/11/2021

The US Federal Reserve has published another edition of its biannual Financial Stability Report. In the report, the Fed reports on current and potential risks to the global and US economy and financial system. The latest issue, the Fed, touches on problems in the Chinese real estate market, "which could complicate the Chinese financial system with possible implications for the US". At issue...

WHO expects worldwide shortage of syringes - 11/11/2021

The world may face a shortage of special medical syringes used to vaccinate against the coronavirus next year, the World Health Organization (WHO) said. Over 6.8 billion COVID-19 vaccinations have been given worldwide this year 2021. This volume is comparable to the number of syringes produced: 6 billion per year, said Lisa Hedman, WHO senior adviser on access to medicines and health products....

FAO: Global food prices hit ten-year high - 11/08/2021

According to the UN Food and Agriculture Organization (FAO), international food commodity prices climbed to their highest level since July 2011. In September, the food price index increased by 3% to 133.2 points. "The FAO Food Price Index, which analyzes monthly changes in international prices of main staple food commodities," according to the organization's website, "averaged 133.2 points in...

OIV: Global wine production will be extremely low in 2021 - 11/05/2021

The International Organisation of Vine and Wine (OIV) forecasts global wine production in 2021 at 247.1-253.5 million hectolitres. This would bring it close to the record low of 2017. The OIV notes that the drop in production is due to unfavourable climatic conditions. "2021 will be the third consecutive year when global wine production will be below average due to late spring frosts and...

IATA: Global air cargo traffic is on the rise - 11/04/2021

Global air cargo volume grew by 9.1% in September 2021 over the same period in 2019, the International Air Transport Association (IATA) said in a press release. In August, the same growth rate was 7.5%, the release noted. September 2021 to September 2020 growth is estimated at 15.1%. "Air cargo traffic grew by 9.1% in September to pre-summer levels. Supply chain side congestion is an advantage...

Shanghai may overtake Hong Kong by total IPOs volume - 11/02/2021

Shanghai could overtake Hong Kong this year by the number of IPOs held, as well as by the amount raised in such offerings. This writes Bloomberg, whose analysts have studied the data on past and in the near future planned IPO on the two largest stock exchanges in the Asia-Pacific region. 65 IPOs were held in Hong Kong since the beginning of the year, with total sum raised reaching $ 34.6 billion....

Altcoin for 'Squid Game' collapses to zero from record $2,800 - 11/02/2021

The cryptocurrency SQUID, created for a project based on the series Squid Game, has fallen in value to near zero, having reached a record $2,860.00 earlier on Monday, according to trading data. According to CoinMarketCap, a portal that tracks cryptocurrency trading on major exchanges, Squid cryptocurrency was down 99.99% overnight, to $0.003163. The cryptocurrency reached a record $2,861.8 per...

China's PMI declines for the second month in a row - 11/01/2021

China's business activity index (PMI) for the manufacturing sector stood at 49.2 points in October, the National Bureau of Statistics said. This is the second consecutive month of falling of the country's industrial production rate. China's PMI reading was 49.6 points in September. A reading below 50 points indicates a slowdown in business activity and this was the first decline in 18 months. The...
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