Markets & Industries
ECB is worrying about currency wars - 02/23/2018
The protocol of the January meeting of the European Central Bank clearly shows the degree of concern of European officials about the weakness of the dollar. Minutes of the ECB indicate fears that the US administration is deliberately trying to participate in currency wars, writes the Financial Times. The minutes of the meeting also indicate that the "hawks" of the Board of Governors insisted on...
S&P names leaders in the growth of housing prices in Europe in the next three years - 02/22/2018
The supply shortage will help to maintain the growth dynamics in some markets, especially in Portugal and the Netherlands. Along with Ireland, there will be a rise in price of real estate in 2018, according to the report of S&P. The company predicts that most countries will see a rise in housing prices in 2018, 2019 and 2020, but to varying degrees. It is expected that the increase in value will...
Fitch: the growing popularity of electric vehicles is a threat for the demand for oil - 02/21/2018
The expansion of the use of electric vehicles (electric vehicle, EV) is a growing threat to the demand for oil, so it seems likely that it will reach a peak by 2030. This is stated in the report of the international rating agency Fitch Ratings. "This is not our main scenario, but the events of 2017 show how technological changes and higher awareness can lead to annual sales of electric vehicles...
Emerging markets are on the rise for the first time since 2013 - 02/21/2018
In the last year, emerging markets registered a net inflow of capital for the first time since 2013. The figure amounted to $ 3 billion with the volume of incoming investments of $ 1.2 trillion, the Institute of International Finance (IIF) calculated. Despite the expected tightening of monetary policy in the US, the inflow of capital into emerging markets this year may exceed last year's figure,...
The German court to decide the fate of the diesel ban - 02/19/2018
The German court will have to determine whether German cities have an authority to impose a ban on diesel cars, potentially leading to multi-million losses in the country's automobile market, Reuters reports. The DUH environmental group filed lawsuits over EU air pollution levels after the scandal with the falsification of data on exhaust emissions in Volkswagen vehicles was revealed. The...
Atlantico: The energy policy of Europe is a fiasco - 02/19/2018
Energy takes a special place among the most notorious fiasco of European politics. While large energy companies paired with financiers are racking their brains over how to limit their production to its current structural deficit, those who rely on renewable energy proudly prance ahead, gaining good profits without a hint of risk thanks to taxpayer money. Once national reconstruction was at the...
Analysts: Accelerated inflation in the US crashed the American stock markets - 02/16/2018
Inflation in the US in January exceeded expectations of economists and triggered a new fall in the stock markets. On the eve of the publication of data by the US Department of Labor, the indices showed moderate growth: Stoxx Europe 600 - 0.8%, futures at Dow Jones and S&P 500 - 0.5%. After the appearance of information, American futures quickly fell by 1%, the pan-European index reduced growth to...
China gains control over global supplies of cobalt - 02/16/2018
China is gradually gaining control over the entire production chain of electric vehicles - from extracting cobalt in Congo to the production of batteries and the final assembly of electric cars. This may lead to the dependence of the global electric transport market on Chinese companies, writes the Wall Street Journal. Congo produces 54% of the world's cobalt, the metal, which is used in the...
Americans owe $ 13 trillion in loans - 02/14/2018
The Federal Reserve Bank of New York (FRB) said that the total debt of American households reached a record level of $ 13.15 trillion. More than half ($ 8.9 trillion) of this amount was mortgage debt. Despite the growth of total debt, the share of overdue loans decreased. On Tuesday evening, the Federal Reserve Bank of New York published data on the current state of the debt of American...
IEA: Oil production may outrun the growing demand - 02/14/2018
The fulfillment of the agreement on limitation of OPEC + oil production is now at a record high level, the International Energy Agency (IEA) points out in its February review. At the same time, it notes that the additional supply in the oil market, especially in the US, may exceed the expected increase in demand. Deliveries of OPEC countries in January did not change compared to December,...