The Strategist
Markets & Industries

China's stock market becomes the first to feel tightening of central banks monetary policies - 03/26/2021

China's CSI 300 stock index has lost 15% since mid-February after central banks around the world began gradually cutting support to financial markets by raising benchmark interest rates. "The Chinese stock market could become an example of the consequences of stimulus cuts - given that during the pandemic, the Chinese market was already the earliest indicator of what was happening," Bloomberg...

US billionaires add $1.3T to their wealth during the pandemic - 03/25/2021

Americans for Tax Fairness organisation and the Institute for Policy Studies (IPS) released a report which says that over the past 12 months, i.e. from the beginning of the COVID-19 pandemic, American billionaires in the USA have increased their wealth by a total of $1.3 trillion, or 44.6% compared to the pre-pandemic level. Meanwhile, the report notes that 29 million Americans contracted the...

IMF head will propose to set aside $650B in reserve assets for global economic recovery - 03/24/2021

By June, International Monetary Fund (IMF) Managing Director Kristalina Georgieva will make a formal proposal to the fund's executive board to create $650 billion in reserve assets to help the world recover from the coronavirus pandemic. Ms. Georgieva called the preliminary discussion "very encouraging." "I intend to submit a formal proposal for a new allocation of $650 billion to the board of...

Bobby Lee of BTCC forecasts Bitcoin to rise to $300 000 in 2021 - 03/23/2021

Bitcoin could reach $300,000 as early as 2021, according to Bobby Lee, founder of cryptocurrency exchange BTCC. However, after a sharp rise, the cryptocurrency will decline for several years, causing its value to drop by 80-90%, he added. The value of bitcoin could rise to $300,000, after which it would go down, BTCC co-founder and former cryptocurrency exchange CEO Bobby Lee forecasted in an...

Container shipping spot rates are falling down as post-pandemic supply is growing - 03/22/2021

Container shipping spot rates, which have soared several times in the past six months, have begun to fall as supply is increasing. Container spot rates, which have soared several times in recent months, have started a slow decline. The World Container Index, calculated by Drewry, fell 1.7% to $4,94,000 per 40-foot container (FEU) in the week ended March 19.  The price has been slowly...

Morgan Stanley to become the first major investment bank to allow wealthy clients access to bitcoin funds - 03/19/2021

Morgan Stanley will only allow its richest clients to invest in bitcoin funds. They will be able to invest no more than 2.5 per cent of their capital in cryptocurrency assets, and the first investments could be made as early as April. Investment bank Morgan Stanley will be the first major US bank to offer its wealthy clients investments in bitcoin funds. It will open door to the three funds to...

Toyota, Honda cut production due to semiconductor shortages - 03/18/2021

The global shortage of semiconductors resulted production cuts in North America in two Japanese car companies, according to The Wall Street Journal. Honda announced that it would suspend production at almost all of its plants in the U.S. and Canada starting March 22. It is assumed that work at five plants will be suspended for one week, but the company's managers do not rule out that the downtime...

UK carmakers ask to delay ban on gasoline cars - 03/16/2021

UK's biggest car makers have called on the UK government to delay a ban on petrol and diesel-powered cars because of the risk of falling sales and job losses, the Guardian reports. The UK government plans to ban the sale of new petrol and diesel cars and lorries by 2030, 10 years earlier than originally planned. Hybrid cars will be allowed to be sold until 2035. According to the Guardian,...

Mainland China's FDI in use rise up to 31% - 03/15/2021

The volume of foreign direct investment (FDI) actually used in the Chinese mainland economy rose 31.5 per cent year-on-year to 176.76 billion yuan in the first two months of the year, the Chinese Ministry of Commerce said. In dollar terms, inflows rose 34.2 percent year on year to $26.07 billion. Foreign investment in services amounted to 141.74 billion yuan in the period, up 48.7 percent from a...

Survey: Three-quarters of business heads expect GDP growth - 03/12/2021

The majority of global CEOs believe that global GDP will improve this year and that business revenues will grow. This is evidenced by data from a PwC survey of 5,000 CEOs from 100 countries. GDP growth is expected by 76% of respondents, the highest since the question was included in the survey in 2012. At the end of 2019 there were only 22% of such optimists, while 53% were expecting a slowdown...
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