La Française | “While most of the world’s population was confined to their homes, we witnessed catastrophic news related to the pandemic. However, we also witnessed the positive impacts of lockdown on the environment: cleaner air and clearer skies due to lower levels of airborne particles in major cities,” says Marie Lassegnore, Credit Fund Manager.
Diego Chaves & Olivier Lavinal | On June 20, we celebrated World Refugee Day. This was an opportune time for us all to pay attention to the challenge of forced displacement today. Strikingly, the world is facing the largest forced displacement crisis since World War II, with nearly 80 million people having fled their countries because of persecution, conflict, violence, human rights violations or events that have seriously disturbed public order.
E-toro | Investing patterns have differed dramatically across age groups during the crisis, according to JP Morgan, with older investors backing gold while young ones turn to Bitcoin. Millennials are also targeting stocks while their parents dump equities and turn to bonds.
With 30 M Americans receiving a paycheck to make ends meet, the big four technologies Apple, Amazon, Alphabet and Facebook are challenging the economy. While all economic indicators are down, their second quarter results could not be better. These results were published one day after the heads of major US technology companies were forced to appear before Congress in an anti-competitive practices investigation.
DWS | Although the current pandemic has been many times more serious than the SARS outbreak, the recent pattern in European equity markets looks strikingly similar to what happened in Asia after the 2003′ disease. That could be a mixed blessing.
The gold price has been rising steadily and on Monday (27 July) hit an all-time high of $1,944/oz, beating its previous record high of $1,922 from 2011. Even as it reaches new highs, analysts at Schroeders don’t think it’s time to grow concerned about the price of gold, or gold equities. Here’s why.
The economic growth of both economies has fallen sharply in the Q2 of the year due to the coronavirus restriction measures. Germany’s GDP saw a decrease of 11.7% on yoy rate. The country was plunged into the deepest recession in post-war history. On the other side of the Atlantic, the US GDP was down 32.9% in annualised terms, the biggest fall since the current historical series began in 1947. Spain and France accompany them with record contractions of 22,1% and 19%, respectively.
Monex Europe | The FOMC kept rates unchanged, extended its swap facility, and added language to its statement emphasizing that the path of the US economy depended heavily on the path of the virus. In our view, outcome-based forward guidance is likely as early as September, when the FOMC will have a new batch of projections, as well as hard data indicating the costs of the second wave of COVID-19 infections.
Geraint Harvey, Daniel Wintersberger, Peter Turnbull via The ConversationUK | Several airlines have announced sizeable redundancy programmes due to Covid-19 spreading, but previous crises show that there are viable alternatives to job cuts. After the 2008 financial crisis airlines like Southwest adopted different measures including work-sharing, temporary pay cuts and furlough. As a result, they were less likely to experience industrial strife and the business recovered more quickly.
Pablo Pardo (Washington) | In March, Maryland-based pharmaceutical company Novavax was trading at 36 dollar cents (32 euro cents). It was a “penny stock”. On July 8th, Novavax closed at $104.56 (92.76 euros). Later they will say that the coronavirus is bad for the economy. What will happen to the price of the pharmaceutical companies on the day when a vaccine against the coronavirus arrives? And what will happen to the excess income arising from the help to the unemployed? And what about the much-trumpeted transformation of supply chains?