The Strategist
Markets & Industries

Eurozone inflation slows down to 2.4% in March - 04/04/2024

Annualized consumer prices increased by 2.4% in March in the eurozone, reported the European Statistical Agency (Eurostat). This is less than both the actual numbers for February (2.6%) and forecasts of analysts polled by Bloomberg (2.5%). In March, the cost of food, beverages, and tobacco products went up 2.7%, while the cost of electricity went down 1.8%. Simultaneously, service prices continue...

FT: Corporations are rushing to issue bonds before the US elections - 04/02/2024

Many businesses are reportedly in a "hurry" to obtain money from the bond market prior to the US presidential election in November, writes the Financial Times. According to LSEG, $806 billion worth of dollar bonds have been issued since the year's commencement.  This is the highest since 1990 and is 40% greater than it was during the same time last year. According to bankers and investors...

Japan's Tankan economic sentiment index declines for the first time in a year - 04/01/2024

According to the Bank of Japan, the Tankan index, which measures the level of confidence that big process sector businesses have in Japan's economy, dropped from 13 points in October-December of last year to 11 points in the first quarter. The indicator has declined for the first time in a year. Trading Economics reports that analysts expected a larger decline to 10 points on average. The...

China's central bank expectedly keeps prime rate at 3.45% - 03/20/2024

The benchmark lending rate (LPR) for one year was maintained at 3.45% annually by the People's Bank of China (PBOC), the nation's central bank. Five-year borrowing rates remained at 3.95%, historically low. In February, the Chinese central bank reduced the five-year loan rate by 25 basis points in an attempt to prop up the economy, which was being battered by a persistent downturn in the real...

Commodity traders earn $100bln in 2023 - 03/19/2024

According to calculations made by the consulting firm Oliver Wyman, businesses involved in commodity trading made $100 billion in profits overall by the end of 2023. This is the second-highest figure after the record-breaking year of 2022, when overall earnings reached approximately $150 billion. After the turbulent events of 2022, which included supply chain disruptions, high market volatility,...

NIUS: Number of bankrupt companies rises in Germany - 03/18/2024

According to the German newspaper NIUS, the number of bankrupt companies in Germany has been in the double digits for the past year and a half, and there is every reason to anticipate that it will continue to rise. There were 17,814 German company bankruptcies in 2023, a 22.1% rise from the previous year. The authors stress that 38% more major bankruptcies were reported than a year earlier, and...

US airlines expect to reduce airplane deliveries due to Boeing's problems - 03/13/2024

A number of American airlines have stated that they anticipate a decrease in aircraft deliveries in 2024 because of Boeing's issues. Southwest Airlines announced on March 12 that it had received word from Boeing that, contrary to expectations, the company would only be able to obtain 46 737 MAX 8 aircraft this year, as opposed to 79. The airline stated that as a result, it will have to alter its...

Gartner expects global electric vehicle sales to grow above 20 million in 2025 - 03/13/2024

According to research firm Gartner, shipments of electric vehicles worldwide would rise to 18.4 million units in 2024 and 20.6 million in 2025. Global sales of electric vehicles exceeded 15 million in 2023. 15% of electric car startups that were established in the last ten years are expected to be purchased or file for bankruptcy by 2027. "This does not imply that the market for electric...

UK lets professional investors trade cryptocurrency assets - 03/12/2024

The UK exchanges are now able to trade assets related to cryptocurrencies thanks to permission from the Financial Conduct Authority (FCA). The Financial Times reports that only experienced investors will be permitted to transact using exchange-traded notes, or ETNs, in the cryptocurrency space. Notably, the watchdog issued a warning, stating that these instruments are "ill-suited for private...

World central banks buy 39 tons of gold in January - 03/06/2024

Preliminary estimates from the World Gold Council (WGC) indicate that 39 tons of gold were purchased by global central banks in January as foreign exchange reserves. According to WGC analyst Krishan Gopaul's evaluation, this is more than double the specified amounts of December (16.9 tons), making January the eighth straight month of growth. China (10 tons) and Turkey (11.8 tons) were the...
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