Markets & Industries
Huawei sells more mobile devices than Samsung in Q2 - 07/30/2020
In the second quarter of 2020, Chinese telecoms company Huawei sold 55.8 million mobile devices, surpassing South Korean company Samsung, which sold 53.7 million devices, according to research firm Canalys. On an annualized basis, Huawei's sales fell 5%, while Samsung's sales fell 30% due to disruptions in key markets such as Brazil, the United States and Europe, due to the coronavirus pandemic,...
US Fed notes improvement in the economy, indicates new risks - 07/30/2020
The Federal Reserve System (Fed) of the USA, following the results of the July meeting, left the key rate at the level of 0-0.25% per annum. At the same time, the regulator again promised to use “the entire set of support measures” and continue the practice of bond redemption. The Fed also extended the term of emergency lending programs until the end of the year. The regulator separately...
IATA downgrades forecast for fall in passenger traffic in 2020 to 55% - 07/29/2020
The International Air Transport Association (IATA) has worsened the baseline forecast for the fall in passenger air traffic in 2020 to the last year's indicator: in April, the organization was expecting a fall by 46%, now - by 55%. IATA associates such pessimism with several trends: a slow containment of the spread of the coronavirus in the United States and developing countries, a reduction in...
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....
