The Strategist
Markets & Industries

Bloomberg expects record high U.S. stocks in 2024 - 12/12/2023

The S&P 500 index is expected to hit a record high in 2024, according to respondents to Bloomberg’s survey. As long as the United States stays out of recession, the S&P 500 Index will hit a record high in 2024, according to respondents to a Bloomberg Markets Live Pulse survey. They believe this will occur even though the agency acknowledges that weaker consumer demand will cause the index to...

UNCTAD: world trade falls by five percent in 2023 - 12/12/2023

According to a research posted on the website of the United Nations Conference on Trade and Development (UNCTAD), geopolitical tensions have contributed to the decline in global trade, which has decreased by 5% in 2023 from its peak level in 2022 to approximately $30.7 trillion. "World trade in 2023 will be approximately $30.7 trillion, a decline of about $1.5 trillion (or 5 percent) from the...

Deflation in China in November amounts to 0.5%, updates 3-year maximum - 12/11/2023

In November, China's consumer prices (CPI) fell by 0.5%, the largest annualized rate of decrease since November 2020, according to a data released on Saturday by the State Statistics Office (SSO). Trading Economics notes that the consensus estimate was for a 0.1% decrease in prices last month. October saw a 0.2 percent decline. In November, food product prices in the country decreased by 4.2%,...

Swiss Re estimates global insurance payouts due to natural disasters at $100B in 2023 - 12/08/2023

The earthquakes in Turkey and Syria were the most expensive natural disasters for the insurance sector. Preliminary predictions from Swiss Re Institute, the research arm of the Swiss reinsurer, show that insurance claims related to natural disasters will top $100 billion in 2023 for the fourth year in a row. According to Swiss Re, the amount will be 25% less than the $133 billion recorded the...

UK’s food sales to exceed £13B for the first time in December - 12/06/2023

According to research firm Kantar, food sales in the UK will surpass £13 billion ($16.4 billion) for the first time in December 2023. The analysts predicted that while customers will purchase 10% more items in December on average due to Christmas, inflation will also help growth in 2023. "It looks like the spending at supermarket checkouts will set a new record this Christmas," Kantar notes....

World central banks increased gold reserves by 42 tons in October - 12/06/2023

The World Gold Council (WGC) estimated that global central banks added 42.5 tons of gold to their foreign exchange reserves in October 2023. According to WGC analyst Krishan Gopaul, this is 23% greater than the monthly average this year but 41% less than the revised September quantities (71.6 tons). China, which announced a 23-ton rise in its gold holdings, was the biggest importer of the metal...

UN expects international tourism to recover by almost 90 per cent in 2023 - 12/04/2023

According to data from the United Nations World Tourism Organization (UNWTO), 975 million tourist trips were made worldwide between January and September, up 38% from the same period the previous year. By the end of 2023, international tourism will have recovered to nearly 90% of pre-pandemic 2019 levels. Global tourism numbers increased by 22% in the third quarter of 2023 compared to the same...

EU defense spending grows for eight years in a row - 12/01/2023

The European Defense Agency's (EDA) Defense Data Report 2022 states that defense spending in EU member states has climbed for eight years running. The reports are published every year, but this one includes information on defense spending across all EU members for the first time. "In 2022, European defense spending increased again by 6% year-on-year to a record €240 billion, marking the eighth...

Fed warns of stronger US inflation due to rising fuel prices - 11/29/2023

The Fed has issued a warning about increased US inflation as a result of growing fuel costs. A potential increase in energy costs in the upcoming months may partially counteract the gains achieved in the fight against inflation in the US, according to Michelle Bowman, a member of the Federal Reserve System's Board of Governors. Speaking to the business community in Utah, Bowman cautioned,...

Deutsche Bank expects S&P500 to hit record 5,100 points by the end of 2024 - 11/28/2023

A team of experts at Deutsche Bank Group AG forecasts that the stock index S&P 500 will reach a record 5,100 points by the end of 2024, which is 12% above its current level. Weakening US inflation and rising corporate profits are anticipated to provide support for the US stock market. Analysts at Deutsche Bank observe that although economic growth is resilient, core inflation in the United...
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