The reporting season for the third quarter is now officially open - J.P. Morgan Chase and Citigroup have already revealed their results. Investors and analysts will closely monitor results of companies to understand whether they justify the recent stock market records. Corporations may refer to a series of events in the past three months, including hurricanes that devastated certain regions of...

Wood McKenzie research company has released a report, which shows that demand for gasoline will reach an absolute peak in the next 13 years. This will be followed by years of zero growth and, finally, a drop associated with the growth of the electric vehicle market. Earlier, other experts made similar forecasts, but attributed the peak to a longer term. The world consumption of gasoline will...

Prospects of the oil market cause fears against the background of increased production of shale oil in the US and the growing popularity of electric vehicles, Bloomberg reports. Despite this, oil prices could reach $ 80 per barrel by 2022, says Gary Ross, director of Pira Energy, a division of S&P Global Platts. According to the analyst, Brent crude oil can significantly rise in price in the next...

London is facing difficulties with its centuries-old status as a place where the world trades in gold, writes Bloomberg. Two US exchanges, CME Group Inc. and Intercontinental Exchange Inc., have discovered new ways of buying and selling precious metals. The volume of trading in New York is growing, and China, which is the world's largest consumer of gold, offers new ways to bet on the metal’s...

Expansion of the Panama Canal, which required investments of $ 5.4 billion and took nine years, can be proclaimed justified now, as more and more cargo destined for the United States now pass this route instead of the Suez Canal, writes The Wall Street Journal. Since June 2016, the channel’s capacity has more than doubled. Now it can let pass ships of much larger size (New Panamax), containing up...

When financial markets resumed work after the weekend, the Spanish stock indexes declined, the yield of sovereign securities rose, and the euro fell against the dollar (EUR/USD). Investors feared that the referendum on the independence of Catalonia could lead to the disintegration of Spain. Their concerns are justified, but the crisis seems overblown and therefore offers several attractive...

According to Catella’s study, dedicated to residential real estate, volume of sales of real estate in Europe could increase to € 39 billion in 2017. The reasons for the constant increase in sales are urbanization, availability of capital, migration and demographic situation, writes Market Watch. "This is emphasized by the fact that Asian investors have become active in the continental European...

The European Commission visited banking organizations in several EU countries. The regulator checked whether the banks are preventing the financial technical companies from obtaining customer data. Thus, the European authorities want to make sure that the financial sector is ready to comply with the legislation that will enter into force from January 2018. Representatives of the European...

Bloomberg agency reports that the private aircraft market is experiencing a prolonged decline in prices against a background of reduced demand and market oversaturation. Manufacturers cannot get any help even from production curtailment, because of which it is necessary to introduce serious discounts. Prices in the private aviation market keep falling, and the nearest recovery is expected only in...