Key Japanese index Nikkei reacted to the news about trade agreements between the US and China with active growth. On December 13, at the opening of trading on the Tokyo Stock Exchange, it reached the highest level this year. Only in the first 10 minutes of trading, the index added 1.84%, reaching 23855.57 points. The main driver of growth was reports that China and the United States reached an...

Car sales in the country will fall by around 8% in 2019, marking the second annual decline for the world's largest auto market, the Chinese Association of Automobile Manufacturers (CAAM) predicts. Last year, a decline of about 3% was recorded, which was the first since nineties. The expected steep fall came as a surprise for the industry participants, who back in 2018 predicted that...

The Securities and Exchange Commission (SEC) rejected the offer of the New York Stock Exchange (NYSE) to create a new type of direct listing that would allow companies to raise capital. The NYSE spokesman confirmed that the SEC rejected the proposal to create a new alternative to the traditional IPO, which was published on the exchange’s website in late November. He noted that the NYSE will try...

Digitalization of the economy reduces the rate of inflation, says authors of the IMF’s paper. In particular, the use of new technologies can result in lower production costs (and, consequently, prices. At that, emergence of companies such as Amazon, lower entry barriers and growth of online commerce are changing conditions for competition in the markets. According to the paper, a positive...

In the third quarter of 2019, Europe showed the highest growth rates among regional smartphone markets, according to Canalys analysts. The supply of devices to the region increased by 8% year on year and reached 52.5 million units. Europe has outstripped not only the global market as a whole, where specialists previously registered an increase of 1%, but also the dynamic Asia-Pacific region, the...

The “Off-grid” movement, nascent in America, is a spin-off of the growing popular feeling of defiance towards large organizations, both public and private. But what remains marginal in the United States and almost unheard of in Europe may soon form a revolutionary opportunity in Africa. In a land, the resources of which are acknowledged by all, but with widely varying sets of circumstances such...

Global palladium prices returned above the level of $ 1.8 thousand per troy ounce. The growth is supported by investors' expectations regarding conclusion of the first part of the US and China trade deal, as well as increased demand for metal from the automotive industry. After a three-week break, palladium prices once again climbed above $ 1.8 thousand per troy ounce. According to Reuters, on...

Cannabis stocks in Canada reached nearly 400 tons. This is enough to cover demand for the next 2.5 years. The reason for the excess was that manufacturers overestimated the demand for cannabis, which the country legalized last year. As a result, the prices fell sharply. Warehouses in Canada were littered with unsold cannabis after the country legalized storage and use of marijuana for...

Abundance of oil on the market, caused by a sharp increase in supplies of Saudi Arabia in October, will be supported by accelerated growth in production outside the cartel in 2020, the International Energy Agency (IEA) updated forecast states. At the same time, the IEA warned about a predicted decrease in OPEC oil demand in 2020, indicating that participants in the transaction to limit production...