Markets & Industries
Dow Jones composition will change significantly for the first time in seven years - 08/25/2020
Exxon Mobil Corp., Pfizer Inc. and Raytheon Technologies Corp. will be derived from the Dow Jones Industrial Average stock index as part of the largest revision of its composition in seven years. Instead, from August 31, the Dow Jones will include papers of the cloud services developer Salesforce.com, biopharmaceutical company Amgen Inc. and the industrial and technological corporation Honeywell...
UN: About 120 million people in the world could lose their jobs in tourism - 08/25/2020
About 120 million people in the tourism sector are at risk of being left unemployed due to the effects of the pandemic, UN Secretary General Antonio Guterres said in his video message. “The tourism sector employs one in ten people on earth and provides livelihoods for hundreds of millions more,” Guterres said. The secretary general indicated that the coronavirus pandemic is devastating the...
Analysts: US and Eurozone reveal difference in PMI dynamics - 08/24/2020
As expected, the dynamics of the leading indicator of business activity in the euro area showed a slowdown in its growth after the initial surge amid the lifting of restrictions. In the US, on the contrary, the composite PMI showed a sharp rise due to the service sector, where employment was recovering - until the fears of its decline after the cancellation of the crisis benefits did not...
Oil production in the largest oil and gas US regions will decrease by 0.25% in September - 08/18/2020
Oil production in the largest oil and gas producing regions of the United States, a significant part of which is shale oil, will decrease in September compared to the current month by 19 thousand barrels per day, or 0.25%, to 7.558 million barrels, the Energy Information Administration (EIA) of the country forecasts. At the same time, the largest decline in production is expected at the Eagle...
BCG: COVID-19 crisis ends a decade of growth in luxury market - 08/14/2020
Consulting company Boston Consulting Group (BCG) presented its latest report on the state of the global luxury goods and luxury goods market. Experts note that the COVID-19 coronavirus pandemic has led to a real crisis in the market, which was previously fueled by the development of the global economy and strong demand from Chinese consumers. In the new conditions, experts expect a greater value...
Study: Internet sales in the US will reach 2019 levels by October - 08/12/2020
According to the forecasts of Adobe, the volume of Internet sales in the United States will reach the volume of the whole of 2019 by October of this year. These findings are contained in the Digital Economy Index, which is compiled by Adobe based on an analysis of about 1 trillion visits to online retail sites, transactions of 80% of the largest online retailers in the United States and a survey...
McKinsey finds most vulnerable global value chains during pandemic - 08/10/2020
McKinsey Global Institute has released the Risk, Resilience and Rebalancing in Global Value Chains Report, adding new risks posed by the COVID-19 pandemic to the traditional business threat map. According to experts, a hundred-day global financial loss lockdown turned out to be twice as terrible as a hypothetical world war and three times worse than the 2009 crisis. Protecting the threatened...
Goldman Sachs assesses market risks after COVID-19 vaccine is released - 08/07/2020
The emergence of an effective vaccine against the novel coronavirus could change the situation in the stock markets, analysts at Goldman Sachs warn. In their opinion, investors need to prepare for the sale of bonds and the flow of capital from the tech sectors to cyclical ones. Investors should consider the risk that the emergence of an effective anti-coronavirus vaccine could create volatility...
World's largest companies are restoring market capitalization: PWC - 08/05/2020
PwC, an audit and consulting firm, has estimated that 87 out of the top 100 companies in the world have seen an increase in market capitalization from March to June 2020. As a result, the combined market capitalization of the world's top 100 companies in June 2020 was only 1% behind December 2019, despite continued high volatility in equity markets. A PwC study of the world's 100 largest...
Tourist flow to Spain falls by over 70% in six months - 08/04/2020
Foreign tourist flow to Spain for six months decreased by 71.7%, to 10.8 million people, follows from the data of the National Institute of Statistics (INE) of the country. From January to June, 10.8 million foreign travelers visited Spain; the figure is down by 71.7% from the same period a year earlier. Most tourists came from the UK (2 million, minus 75.5%), France (1.4 million, minus 69.8%)...
