Markets & Industries
Saxo Bank expects uncertainty in currency and commodities markets - 10/17/2018
Analysts of the Danish Saxo Bank expect increased uncertainty in the currency and commodity markets in their macro forecast for the fourth quarter of the year, especially because of the increasing interference of politicians in the market processes. Nevertheless, the experts are waiting for a quick slowdown in the growth of the American currency and hope that the EU will be able to cope with the...
Will gold will save investors from Dollar’s collapse? - 10/16/2018
Transformation of the world monetary system calls into question the hegemony of the American dollar, which has lasted for decades. Can gold protect investors from shocks associated with de-dollarization? A thesis that the global monetary system is ripe for conversion into a multi-currency one sounds increasingly often nowadays. Some countries are preparing to move from discussions to practical...
German bankers call on ECB to cancel negative interest rates - 10/16/2018
German commercial banks have urged the leadership of the European Central Bank (ECB) to change their attitude to interest rates in the near future. "We can only ask the ECB to remove negative interest from the market as soon as possible," said Hans-Walter Peters, Chairman of the Federal Association of German Banks (BdB), at the annual meeting of the International Monetary Fund (IMF) in Bali. A...
Chinese smart manufacturing to reach 220 billion CNY by 2020 - 10/15/2018
According to an annual report on the development of intellectual production in China, the size of the market of intellectual production in the country reached 106 billion yuan in 2016, an increase of 18.4% compared with the previous year. The output of industrial robots in 2017 increased by 68.1% compared with the previous year and exceeded 130 thousand units, which is one third of the world...
IEA: High oil prices threaten global economy - 10/12/2018
The International Energy Agency (IEA) said that global oil supplies look "sufficient at the moment" after a significant increase in production over the past six months. However, the oil industry is under pressure because it is facing increasing global demand. The reserve capacity for oil production in the world has already decreased to 2% of world demand, and it is likely that there will be a...
Number of oil and gas rigs in the world fell for the first time in 5 months - 10/08/2018
The number of operating oil and gas rigs in the world in September declined for the first time in five months, according to data from the American oilfield service company Baker Hughes. On average, 2258 rigs were operating around the world in the last month, against 2278 rigs in August (a record since March 2015). At the same time, the September level was 177 higher than the figure for the same...
Moody`s: UK banks are ready for Brexit - 10/02/2018
Moody`s issued a forecast about near future of the UK banking system in the light of the country's future withdrawal from the European Union. According to the agency, large banks have done everything possible to level the risks and financial losses associated with Brexit. However, the report notes, difficult times may come for the entire economy of the country. British banks have become more...
Chinese giant is slowing down - 10/02/2018
The Chinese economy begins to experience the first negative consequences of the trade war with America as pace of the manufacturing sector’s development is declining. The trade war between the USA and the PRC is reducing demand for Chinese goods both abroad and within the country. As a result, Chinese manufacturers already have to cut production, which follows from a statistical report on...
Pew Research: IT market in the US is saturated - 10/01/2018
According to Pew Research Center, the technology market in the United States has stopped showing growth in the past two years. Shares of Americans who use social networks, own a smartphone, tablet or computer, are almost identical to those of 2016, although previously the market showed a steady growth. The experts believe that the market has reached saturation. 95% of American adults own phones,...
UBS and Campden Wealth reveal the most popular investments of wealthy people - 10/01/2018
UBS and Campden Wealth presented a report on activities of family offices for 2018. A family office is usually a company which task is to centrally manage a wide range of issues for wealthy families. Typically, this is investment management, tax and legal support, planning structure of ownership and inheritance of a family business, maintaining consolidated financial statements. The study of...
