The Strategist
Markets & Industries

US largest banks win in the fight for Volcker Rule concessions - 08/22/2019

U.S. watchdog eased trading rules for Wall Street banks, which brought them one of the biggest victories in the Trump administration, but sparked criticism from consumer advocates who warned of potential taxpayer risks. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have approved an updated version of the so-called Volcker Rule, which aims...

WTO Trade Barometer shows dead calm - 08/19/2019

The growth rate of world trade in the third quarter of 2019 will remain below the trend line, as evidenced by the Trade Barometer indicator calculated by the World Trade Organization (WTO). In August, the index was 95.7 points (the figure less than 100 points indicates a decrease, more than 100 points means an increase). The level of all components of the index turned out to be below 100 points:...

August 14th becomes the worst day for the American stock market since the beginning of 2019 - 08/15/2019

US stock indexes closed trading on Wednesday with a fall of about 3%, showing the worst dynamics since the beginning of the year due to fears of a recession in the United States, as well as weak statistics from Germany and China. During the Wednesday trading, the yield on two-year US government bonds rose above the yield on the standard 10-year US Treasuries for the first time since 2007. This...

Experts: German economy remains pessimistic - 08/14/2019

The monthly economic sentiment index in Germany, published by the Center for European Economic Research (ZEW), in August dropped to minus 44.1 points, losing another 19.6 points compared to July. This is the minimum value of the index since December 2011. At the same time, the ZEW economic situation assessment index deepened into the negative zone by 12.4 points for the month, to minus 13.5...

IEA lowers energy demand growth forecast for 2019 - 08/12/2019

In 2019, global oil demand this year will grow by only 1.1 million barrels per day (bpd) as the growth in January-May has been minimal since 2008, follows from the August forecast of the International Energy Agency (IEA). While the market is not in danger of oversupply, the OPEC + participants in July fulfilled its conditions by 134%. Moreover, the potential demand for cartel oil in the coming...

Number of US offline pharmacies is going down - 08/09/2019

The largest US pharmacy chain CVS has announced that it will open significantly fewer pharmacies in 2019 compared to 2018. The second largest network, Walgreens, announced imminent closure of about 200 pharmacies. Experts note that pharmacy chains are following the clothing retail chains, which have closed hundreds of stores in the USA under the increasing pressure of online commerce. On...

Gold rises above $1,500 per ounce for the first time in six years - 08/08/2019

For the first time since 2013, the cost of an ounce (28.35 g) of gold exceeded $ 1,500 due to increased demand for defensive assets amid fears of an escalation of the trade war between the United States and China and expectations of easing monetary policy by leading central banks of the world. Gold quotes on the Comex exchange in New York rose during trading by 1.3%, to $ 1,503.3 an ounce. Since...

Head of the Japanese banking lobby warns the central bank against further interest rates cuts - 08/07/2019

Head of the Japanese banking lobby warned about the danger to the industry if the central bank increases monetary stimulus or lowers interest rates more, Reuters reports. The recent escalation of the trade conflict between the United States and China has shocked financial markets and triggered an undesirable yen rise. This has increased likelihood of increasing incentives for the Central Bank of...

Experts lower oil price forecasts amid US-China trade war - 08/07/2019

The trade war between the US and China, which could lead to a decrease in oil demand, is forcing experts to revise price forecasts. So, analysts at Fitch Solutions agency forecast an average price for Brent in 2019 at $ 65–67 per barrel with a potential reduction to $ 60 per barrel by 2022. Experts began to lower oil price forecasts amid the trade war between the United States and China....

Iron ore market is facing bearish trend - 08/06/2019

Iron ore prices, which jumped in the first half of the year after supply cuts, are falling amid escalation of the US-China trade conflict and rising supplies, Bloomberg reports. On Monday, iron ore prices in the spot market fell to $ 99.50 per ton, which is more than 20% below the five-year peak reached last month. Iron ore is falling in price amid a wider decline in metal prices as the trade...
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