Markets & Industries
China to become the most popular tourist destination - 11/08/2018
Already by 2030, China will become the most popular tourist destination in the world, overcoming the current leader, France, follows from a report by Euromonitor International. At the same time, European countries are doing everything to keep the flow of arriving tourists, despite the uncertainty around Brexit, the crisis with migrants, saturation of the market and growing attractiveness of Asian...
Emerging markets show net outflow for the first time since 2016 - 11/07/2018
In the third quarter, developing markets recorded the first net outflow of funds since the end of 2016 - minus $ 21 billion (including $ 44 billion in September, while in August there was an inflow of $ 11 billion), the Washington Institute of International Finance (IIF) counted. The reasons for the trend change are trade differences between the US and China, the decline in the growth rate of the...
Morgan Stanley lowers oil prices forecast for 2019 due to high stocks - 11/06/2018
Analysts at Morgan Stanley lowered the forecast for oil prices for reference brands for 2019, as supplies continue to be higher than expected volumes. Now, the analysts expect that Brent oil will cost an average of $ 77.5 per barrel from the fourth quarter of this year to the end of the third quarter of 2019 compared to the previously estimated $ 85 per barrel. In October-December of the next...
Turkey vs Cyprus: the conflict over gas fields is intensifying - 11/05/2018
The gas conflict between Turkey and Cyprus is heating. In the end of January, the navy seals of Turkey for the first time intervened in it, and Turkish military ships invaded Cyprus exclusive economic zone (EEZ). There were two more conflicts last month. The dispute flared up because of the gas blocks, that is, the zones of different posession in the waters around Cyprus. The Turkish government...
World stock exchanges lose $5 trillion in October - 11/02/2018
Last October was one of the worst in recent years for the stock markets of the world. As a result of a series of collapses, the total value of shares in the markets slipped by about $ 5 trillion, of which nearly $ 2 trillion fell on US companies. Analysts noted multi-year lows on the indices, but they hope that the October events are not indicators of a more significant correction in the stock...
Italian Central Bank warns about growing yields on government bonds - 11/01/2018
Ignazio Visco, head of the Bank of Italy, said that households and companies would suffer if the cost of borrowing remained high, and called on the government to ensure financial stability, Reuters reports. Speaking in Rome, Visco said that increasing government bond yields in recent months would cost the state about € 5 billion next year if yields do not return to previous levels. “Italy’s...
European Central Bank keeps key Interest rates unchanged - 10/26/2018
The ECB management confirmed its intention to keep key rates unchanged at least until the end of the summer of 2019. Redemption of bonds under the quantitative easing program is scheduled for completion by the end of 2018. The European Central Bank (ECB) has confirmed its intention to complete by the end of this year a controversial bond buyback, which is used to maintain an optimal level of...
Trade wars affect suppliers from developing countries - 10/24/2018
Protective duties imposed by the United States already cover 12% of imports to this country, reciprocal measures - 8% of its exports. The negative consequences of tariff increases will affect not only countries against which restrictions were imposed, warns the international insurance group Coface. Protectionism also affects intermediate goods, the main component of modern value chains. According...
Ernst & Young: 86% of tokens are traded below ICO prices - 10/24/2018
If in 2017 you invested money in the initial placement of coins (ICO) - a crowdfunding tool for businesses related to cryptocurrency business - it is likely that you lost most of your investment, according to a study by the British audit and consulting company Ernst & Young. On October 19, Ernst & Young published a report on the dynamics of prices for tokens released within ICO in 2017....
Ford complains about Trump tariffs - 10/23/2018
Import duties on steel, introduced by US President Donald Trump, have increased spending of American companies on the metal to the record highs, says Ford Motor Co. “Steel in the United States is more expensive than anywhere else in the world,” said Ford Global Operations President Joseph Hinrichs at an event on Monday. According to the top manager, the automaker is discussing this issue with...
