Markets & Industries
Gartner: Smartphone market is slowing down in expectation of 5G - 10/02/2019
At the end of 2019, global smartphone sales will drop by a record 3.2%, Gartner analysts predict. Users no longer need to constantly buy new devices, since their service life has grown significantly, and breakthrough technologies have not appeared for a long time. Experts believe that only 5G technology can breathe new life into the market. Global smartphone sales will decrease by 3.2% by the end...
WTO: Global trade is losing steam - 10/02/2019
The effect of duties and the slowdown in the global economy resulted in a sharp decrease in the growth rate of world trade in goods. The forecast of the World Trade Organization for this year was more than halved, to 1.2%. The organization pointed out the high uncertainty of the situation, both because of trade conflicts, and because of possible macroeconomic shocks, including possible...
US S&P 500 hits 22-year high, experts waiting for collapse - 10/01/2019
The S&P 500 Index, which includes US companies with the highest capitalization, is showing the best growth rate since 1997. However, many investors fear that this will be followed by a collapse, just like in the last year. The S&P 500 index, that includes the US companies with the biggest market cap, has grown by 19% in the three quarters of 2019, showing the best growth rates since 1997, The...
US business repatriated nearly $1 trln after Trump's tax reform - 09/23/2019
Since the tax reform came into force in early 2018, companies have repatriated about $ 1 trillion of foreign profit. This is stated in the message of the US Department of Commerce. In the second quarter of 2019, $ 88.3 billion of corporate profit received abroad were returned to their homeland. US President Donald Trump, while promoting the reform, said, without mentioning sources, that such...
Germany approves blockchain regulation strategy, private stablecoins to be banned - 09/19/2019
The German government has approved a blockchain regulation strategy. The document effectively bans circulation of alternative money in the country. The ban also applies to Facebook’s stablecoin Libra, Reuters reports. Information that Germany is working on a blockchain regulation strategy appeared in mid-March. While developing the strategy, the government relied on opinions of specialists from...
Citi: Gold may jump to $ 2000 per ounce - 09/19/2019
Gold prices will rise and reach a “new high in the next year or two,” Citi analysts said in a report. This maximum, in their opinion, could be $ 2,000 per ounce. Interest in the metal is growing due to the monetary policy of some central banks (the Fed and the ECB have lowered interest rates), other central banks buying up gold (in particular, developing countries) as well as problems of the...
Saudi Arabia restores oil supplies - 09/18/2019
Saudi Arabia has completely restored supplies disrupted by an attack by drones at Saudi Aramco’s facilities on the night of September 14, Al-Arabiya TV reported citing the country's energy minister, Prince Abdulaziz bin Salman Al Saud. "Prince Abdulaziz bin Salman said that fuel supplies returned to their previous level observed until 3:43 on Saturday (before the attacks)," the channel reported....
Chinese industry starts suffering from lack of demand - 09/18/2019
Fall in global demand and uncertainty associated with the outcome of the PRC – US trade war, along with the action of duties already imposed by the parties, caused a record drop in China's macro-indicators. According to the National Bureau of Statistics of the PRC, the industrial production growth in this country in August turned out to be minimal over the past 17 years, and amounted to 4.4%...
US oil inventories down 6.9 mln barrels per week - 09/12/2019
U.S. commercial oil reserves (excluding the strategic reserve) for the week ended September 6 fell by 6.9 million barrels, or 1.6%, to 416.1 million barrels, the USA Energy Information Administration (EIA) review said in a weekly review. Analysts interviewed by Reuters expected a decrease in stocks of only 2.7 million barrels. According to the agency, oil production in the US for the week...
Analysts: new ECB measures may not live up to expectations - 09/11/2019
Investors expecting an aggressive stimulus package from the European Central Bank on Thursday are about to be disappointed, analysts said. Forecasts of a significant easing of monetary policy, including lower interest rates and the resumption of the bond purchase program, are based on the latest data indicating a slowdown in economic growth and weak inflation in the Eurozone. "There is a clear...
