The Strategist
Markets & Industries

EU to raise fees for electricity producers - 09/14/2022

In order to offset a rapid rise in energy prices, the EU will propose to set higher levies on power providers who do not utilize gas, the Financial Times reports, citing a document from the European Commission. As part of an emergency package of measures to address skyrocketing energy prices, Brussels "is set to impose higher-than-anticipated charges on non-gas power suppliers." Additionally,...

Reuters: ECB may raise rate above 2% - 09/12/2022

According to five unnamed sources familiar with the matter, the European Central Bank (ECB) may increase its key interest rate to 2% or higher to combat inflation, according to a report by Reuters. They contend that the record-high inflation in the euro zone is forcing the ECB leaders to act this way. The sources claim that an increasing number of lawmakers believe it is likely that the ECB will...

Bloomberg: Banks are planning to include India in bond indices - 09/12/2022

According to Bloomberg, major American banks plan to soon integrate the Indian bond market in world indices. The agency claims that Morgan Stanley intends to announce India's inclusion in the JPMorgan Chase & Co. emerging market bond index in the middle of September. The real inclusion in this scenario will take place in the third quarter of 2023. A similar announcement is anticipated to be...

ECB raises benchmark rate to 1.25% per annum for the first time ever - 09/09/2022

At its meeting on Thursday, the Governing Council of the European Central Bank (ECB) increased its benchmark interest rate from 0.5% per year to 1.25% by 75 basis points, and anticipates similar hikes at the following few meetings. "The three main interest rates of the ECB will increase by 75 basis points as per the Governing Council's decision.   As a result, starting on September 14,...

Brazil's Vale expects global demand for nickel to grow by 2030 - 09/09/2022

According to a projection from the Brazilian mining corporation Vale, there would be a 44% increase in global demand for nickel by 2030 compared to this year. This is because electric vehicle battery producers are in high demand, notes Reuters. The company said in a statement that "the energy transition is expected to cause the demand for nickel to expand quickly this decade." The new prediction...

Eurozone retail sales rise by 0.3% in July - 09/06/2022

According to a news statement from the European statistical agency Eurostat, retail sales in the euro zone increased 0.3% in July compared to June. DailyFX surveyed analysts who believed the number increased by 0.4%. Retail sales in the euro region decreased 0.9 percent in July on an annualized basis. Only a 0.7% fall had been anticipated by analysts. Retail sales in the EU increased 0.3% from...

UK investors withdraw record amount from equity funds in August - 09/06/2022

British investors withdrew a record 1.93 billion pounds ($2.23 billion) from equities funds last month, according to the Calastone Stock Association. This net outflow amount was higher than the peaks seen following the 2016 Brexit vote in Great Britain. According to Edward Glyn, head of global markets at Calastone, "markets are pricing in the possibility that inflation could be extremely harmful...

Global bond market enters bearish phase for the first time in 40 years - 09/05/2022

For the first time since the middle of the 1980s, the global bond market has entered a negative period, according to Bloomberg. The reason was a rapid increase of interest rates by global central banks in response to acceleration of inflation. According to Bloomberg, the global bond market has entered a bearish phase for the first time in 40 years as a result of central banks' commitment to...

Credit Suisse analysts forecast end of low inflation era - 09/02/2022

According to experts at Credit Suisse, the era of low global inflation that was fueled by inexpensive exports from China and Russia may soon come to an end. Due to the breakup of China's economic alliance with the US and the European Union's economic partnership with Russia, the era of low inflation around the world may finally be coming to an end, according to a report from Credit Suisse's...

Lufthansa assesses consequences of pilots' strike in Germany - 09/02/2022

Around 800 flights operated by Lufthansa and Lufthansa Cargo in Germany will be affected by the one-day strike called by the pilots' union Vereinigung Cockpit on September 2. As a result, 130 thousand passengers may be inconvenienced, according to the airline company. Lufthansa said in a statement that it "had to cancel practically all flights to and from Frankfurt and Munich for Friday due to...
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