The Strategist
Markets & Industries

Global demand for gold shows record fall - 10/30/2020

In Q3 2020, demand for gold across the globe fell by 19% (to 892 tonnes) compared to the same period in 2019. According to a report by the World Gold Council, this number is a record low registered since 2009. The demand has been staying at 2,97 thousand tonnes since the year began, which 10% less than in Q3 2019. Experts explain this fact by the negative impact of the coronavirus pandemic....

Global foreign investment fall by half due to COVID-19 - 10/28/2020

According to a survey by the UN Conference on Trade and Development (UNCTAD), global Foreign Direct Investment (FDI) plummeted by 49 percent (to $399 billion) in the first half of 2020 relative to the same time in 2019. The limitations imposed by the COVID-19 pandemic were the key reason for this strong decline. In particular, the number of new investment ventures (data for three quarters)...

BCG: Megacities dwellers don't want to refuse personal cars - 10/26/2020

According to a survey conducted by the Boston Consulting Group (BCG) among more than 2,000 residents of Beijing, Boston, London and Moscow, half of car owners do not yet want to give up personal cars. It was noted that the respondents most appreciated the opportunity not to be tied to schedules, the opportunity to use their travel time for work and/or entertainment, and the eco-friendliness of...

WB: Pandemic hits oil prices, metals and food prices show growth - 10/23/2020

In comparison to the financial crisis of 2008-2009, when a deep decrease in demand (and subsequently prices) for all commodities was observed, the effect of the COVID-19 pandemic on many commodities was distinct, the World Bank says in its new report. Although prices of energy goods are predicted to decline by a third at the end of the year, with a subsequent rebound of 10%, metal prices have...

COVID-19 pandemic triples the US budget deficit - 10/21/2020

The U.S. government budget deficit rose 3.2-fold to a record $3.132 trillion for the 2020 fiscal year (ended 30 September), the country's Ministry of Finance said. This figure hit 15.2 percent in terms of GDP - the highest amount since 1945. By contrast, the deficit in the US in 2009 was 9.8 percent during the financial crisis, that is, 4.6 percent of GDP last year. This dramatic rise in the US...

Barclays analysts expect W-shaped economic recovery after COVID-19 - 10/20/2020

The economic recovery in the world may unfold according to a W-scenario because of the second wave of COVID-19 and newly introduced restrictions, warned analysts at Barclays. The recovery of the world’s economy may unfold according to a W-shaped scenario. If it happens, a new recession can start after a recovery is noted, and growth of the economy is not expected until 2021, says an analytical...

China stock market volume hits record $10.08T - 10/15/2020

The aggregate market value of companies listed on China's stock exchanges reached $ 10.08 trillion on Wednesday, the Financial Times reported. This is a record high for the Chinese stock market. The previous record of $ 10.05 trillion was set in 2015. However, then it was followed by a protracted fall in the stock market caused by the restrictions imposed by the authorities on trading using...

Investors are leaving US dollar for Bitcoin, cryptocurrency on the rise - 10/14/2020

Bitcoin rate returned to the marks of one and a half months ago, exceeding $ 11.7 thousand. Over the week, the most famous cryptocurrency has added almost 8% in price. The bitcoin rate renewed its 1.5-month high on October 13. According to Bloomberg, at the beginning of the day, the value of the most popular virtual currency rose by 1.4% compared to the close of the previous day, to $ 11.73...

France to support companies selling used smartphones - 10/12/2020

The French government will provide € 21 million (about $ 25 million) to support projects for the reuse of used electronics, Bloomberg reports. French Minister for Digital Technologies Cédric O said that the government discussed several options for implementing a program to reduce the negative environmental impact of manufacturers of electronic devices.  The idea of introducing an...

OPEC forecasts 20 years of growing oil demand - 10/09/2020

The demand for oil in the world will stop growing only at the end of the 2030s, after which it will remain stable until at least 2045, according to the OPEC annual analytical report. This is a kind of the oil cartel’s response to the numerous estimates that have emerged recently, according to which the historical peak in oil demand was passed in 2019. OPEC also expects the oil market to fully...
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