The Strategist
Markets & Industries

Business Insider: China is on the verge of housing crisis - 11/26/2021

China is on the threshold of a housing catastrophe that the country has never been seen before. According to Business Insider, it will affect multiple generations of Chinese people at the same time. The Chinese government's strategy has resulted in the growth of intra-family financing. Experts now expect that whole families will go bankrupt. The nation is attempting to avoid the imminent...

Fitch raises global metal price forecasts - 11/24/2021

International rating agency Fitch Ratings has raised its outlook on the value of metals over the coming years, according to a new report from the agency. Fitch forecasts the spot price of nickel on the London Metal Exchange (LME) at the end of the current year at $18.25 thousand per tonne instead of $16.5 thousand. The forecast for next year has been raised to $16,000 from $15,000 per tonne,...

Mexican President calls for import substitution in North America - 11/19/2021

Mexican President Andres Manuel Lopez Obrador, speaking at a trilateral meeting with US and Canadian leaders, suggested that President Joe Biden and Prime Minister Justin Trudeau jointly plan for production on the continent to ensure import substitution and thereby limit China's dominance of the global market. In particular, he noted that Canada, the US and Mexico account for 13% of the global...

Biden calls for investigation into possible business influence on high fuel prices - 11/18/2021

Biden called on the antitrust regulator to check whether US oil and gas companies are taking illegal actions to maintain high petrol prices. Biden intervened amid mounting pressure over inflation and falling ratings. US President Joe Biden has asked the Federal Trade Commission to investigate the role of oil and gas companies in rising gasoline prices, states The Wall Street Journal. Biden said...

IEA expects rise in global oil demand - 11/17/2021

The International Energy Agency (IEA) has barely changed its forecasts for global oil demand in 2021-2022: it still expects it to grow by 5.5 million bpd this year and has raised its 2022 forecast by 0.1 million bpd to 3.4 million bpd, according to a November report from the agency. "Global oil demand is rising due to strong gasoline consumption and increased international travel as more...

Market value of Dubai stock exchange operator doubles in a fortnight - 11/15/2021

Shares in Dubai's stock exchange operator have more than doubled in a fortnight. So far, the bourse is losing competition to the Abu Dhabi-based exchange, but the new management is actively working to gain investors' attention, Bloomberg noted. The market value of Dubai Financial Market, the operator of the Dubai Stock Exchange, has doubled since the beginning of November, in just two weeks,...

US Fed: Problems in China's real estate market could affect global and US economy - 11/11/2021

The US Federal Reserve has published another edition of its biannual Financial Stability Report. In the report, the Fed reports on current and potential risks to the global and US economy and financial system. The latest issue, the Fed, touches on problems in the Chinese real estate market, "which could complicate the Chinese financial system with possible implications for the US". At issue...

WHO expects worldwide shortage of syringes - 11/11/2021

The world may face a shortage of special medical syringes used to vaccinate against the coronavirus next year, the World Health Organization (WHO) said. Over 6.8 billion COVID-19 vaccinations have been given worldwide this year 2021. This volume is comparable to the number of syringes produced: 6 billion per year, said Lisa Hedman, WHO senior adviser on access to medicines and health products....

FAO: Global food prices hit ten-year high - 11/08/2021

According to the UN Food and Agriculture Organization (FAO), international food commodity prices climbed to their highest level since July 2011. In September, the food price index increased by 3% to 133.2 points. "The FAO Food Price Index, which analyzes monthly changes in international prices of main staple food commodities," according to the organization's website, "averaged 133.2 points in...

OIV: Global wine production will be extremely low in 2021 - 11/05/2021

The International Organisation of Vine and Wine (OIV) forecasts global wine production in 2021 at 247.1-253.5 million hectolitres. This would bring it close to the record low of 2017. The OIV notes that the drop in production is due to unfavourable climatic conditions. "2021 will be the third consecutive year when global wine production will be below average due to late spring frosts and...
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