Markets & Industries
ECB stops quantitative easing - 12/14/2018
The European Central Bank confirmed plans to end the quantitative easing program to combat deflation in December 2018. In total, during the program, the regulator has bought up bonds (corporate and public debt) for $ 2.6 trillion. Funds from their repayment will be reinvested, but only after the key rate starts to grow. At the same time, at least until the end of the summer of next year, the bank...
IATA: Revenues of airlines will rise to record $ 885 billion in 2019 - 12/13/2018
The International Air Transport Association (IATA) expects that 2019 will be successful for the global aviation industry: net profit of airlines will grow by 9.9% to $ 35.5 billion, while revenue will turn out to be record - $ 885 billion. The forecast is based on expectations of lower fuel prices and global GDP growth of 3.1%. According to IATA experts, economic and political risks may have a...
What does future hold for cryptocurrencies? - 12/07/2018
Combination of several unique factors inspires hopes that rumors about death of the crypto market have once again been exaggerated. This year in the world of cryptocurrency is marked by several landmark events, some of which can be called even historical. Everyone who follows the news probably heard of them. But few people pay attention to an unprecedented combination of well-known and...
Frankfurt Main Finance: Frankfurt is about to become post-Brexit financial capital - 12/05/2018
According to estimates of the German industry organization Frankfurt Main Finance, financial companies and banks will transfer assets in the amount of € 750–800 billion from London to Frankfurt before March 2019 in preparation for the UK’s withdrawal from the European Union. Press release of the organization noteds that, according to Frankfurt Main Finance, the European Central Bank received 37...
UK collects record £ 75 billion in taxes from companies in City of London - 12/04/2018
The financial sector is the largest taxpayer in the country, but experts fear a decline in fiscal charges after Brexit. Financial services companies in the UK paid a record £ 75 billion in taxes in the last fiscal year. However, the largest players in the City of London warned that Brexit could cut a hole in the industry’s tax revenues in the coming years if the agreement is not reached....
Qatar leaves OPEC - 12/03/2018
The decision to leave OPEC was made after Qatar considered ways of enhancing its role at the international level and planned its long-term strategy, Qatari Energy Minister Saad Al Kaabi said at a press conference in the Qatari capital Doha. "Qatar has decided to suspend its membership in OPEC since January 2019, and OPEC was notified of this decision this morning," the minister said. According...
How will low oil prices affect global economy? - 11/29/2018
Just a couple of months ago, the largest market participants predicted an increase in oil to $ 100 per barrel. However, expectations did not come true, and prices dropped two times lower than the target level. What does this state of affairs mean for the global economy? Energy-importing countries, for example, India and South Africa, will benefit, while oil producers, such as Russia and Saudi...
Experts: Recent drop won’t affect Bitcoin’s fundamental value - 11/26/2018
A significant drop in Bitcoin and other cryptocurrencies in 2018 do not change the fundamentals of Bitcoin in any way, according to the Canadian analytical-research company Blockchain Intelligence Group (BIG). The decline in the crypto market this year was caused by a combination of factors such as a large concentration of inexperienced investors entering the industry in 2017, regulatory...
Thomson Reuters: Gold surplus grows in Q3 - 11/22/2018
According to Thomson Reuters estimates, the surplus of gold in the world market increased significantly in the third quarter. The supply of the precious metal by 242 tons exceeds the potential demand against the background of a record reduction of investments from exchange-traded funds. Professional investors have lost interest in gold amid rising global interest rates and the stronger US dollar....
American indices are losing ground - 11/21/2018
Following results of the last two days of trading, the Dow Jones index lost 1000 points, rolling back to the levels of 2017. The S&P 500 index, which pulled up earlier this year, also lost some points. Experts believe that the current and October stock crashes are interrelated and there are serious concerns of investors regarding immediate prospects of the global economy. Some investment bankers...
