The Strategist
Markets & Industries

Profits of large industrial enterprises in China rises for the second month in a row - 07/27/2020

In June, profits of large industrial enterprises in China rose for the second month in a row amid a gradual recovery from the crisis caused by the pandemic. This is evidenced by the data of the State Statistical Bureau of the PRC. The combined profit of industrial enterprises with annual revenues in excess of 20 million yuan last month increased 11.5% year-on-year to 666.55 billion yuan ($95.22...

IMF: Dollar dominance may exacerbate economic impact of COVID-19 - 07/22/2020

Dominance of the US dollar in global trade and finance could exacerbate the impact of the COVID-19 crisis, the International Monetary Fund (IMF) warns. "A stronger dollar could exacerbate the fall in global trade and economic activity in the short term," the IMF study said. The fall in emerging markets 'currencies against the dollar amid the pandemic boosted hopes for an increase in the...

COVID-19 turns US banking business into a roller coaster - 07/20/2020

The period of quarterly corporate reporting began in the US and Europe last week. This time, analysts are watching the numbers especially closely. Companies are reporting for the second quarter, which saw the peak of restrictive and quarantine measures in many countries due to the COVID-19 pandemic. The largest American banks were among the first to open the corporate reporting season for the...

BofA: Investors are increasing share of cash, changing regional preferences. - 07/15/2020

Threat of the second wave of the novel coronavirus will not prevent recovery of the global economy, according to major international investors. However, the difficult epidemiological situation in the world and the lack of a vaccine can lead to a slower exit from the recession in the first half of the year. Therefore, managers are increasing their shares of cash in portfolios, and also change...

Prices for silver update multi-month high - 07/14/2020

The price of silver updated a ten-month high, gaining a foothold above the level of $ 19 per ounce. The rise in prices is associated with a weakening US dollar, rising inflation expectations, as well as industrial demand, in particular from the green energy sector. In such conditions, investors are actively increasing investments in index funds, whose assets have updated a multi-year maximum of...

Oil prices are going down as expectations for production are growing - 07/13/2020

World oil prices are showing a decline as news about OPEC + production plans are holding traders back, according to trading data. The price of September futures for the North Sea Brent brand oil mix fell by 0.67% to $ 42.95 per barrel. August futures for WTI crude oil fell 0.69% to $ 40.27 per barrel. Earlier, the Wall Street Journal reported possible intention of OPEC+ to start increasing oil...

Emerging markets note influx of international funds - 07/13/2020

Last week was marked by record investments in the funds of China. The total flow exceeded $ 6.1 billion, which is the highest figure since 2015. The rapid economic recovery, expected annual GDP growth, as well as the authorities’ policy prompting investments in the stock market provoked an increase in interest from international investors. This may support markets of other developing countries....

Gold prices update nine-year high - 07/10/2020

Gold prices rapidly surpassed the level of $ 1800 per troy ounce on the world market; the quotations have grown by more than 20% since beginning of the year. The risks of the second wave of coronavirus, the aggravation of relations between the USA and China, as well as large-scale monetary recharge of developed economies spurred demand. According to Reuters, on Wednesday July 8, gold quotes on...

S&P warns of rising asset price inflation - 07/06/2020

A fifth of those companies whose ratings are calculated by Standard & Poor’s agency have already faced their decline. Moreover, as analysts at the agency warn, the impact of the COVID-19 pandemic on creditworthiness will be felt in individual sectors until 2023 and will lead to a marked increase in the number of bankruptcies. At the same time, it will be increasingly difficult for central...

UK watchdog proposes new rules for Google and Facebook - 07/02/2020

The Competition and Markets Authority (CMA) of Great Britain has published its proposals for “introducing a new regulatory regime that promotes competition to tackle Google’s and Facebook’s market dominance.” Among other things, the watchdog proposed creation of a new department for digital markets, which will primarily regulate the online advertising market. In addition, CMA wants to draw up a...
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