According to Deutsche Bank, which tracks 70 different asset classes, 90% of commodity and financial assets have fallen in price at a record pace since 1920, when losses showed 84% of 37 assets, finversia.ru writes, referring to the message of The Wall Street Journal. Protective assets such as gold and government bonds, in the first 11 months of this year, reduced their value compared to 2017. Industrial metals, oil, stocks and bonds, as well as currencies of developing countries and major stock indexes in many countries showed the decline. Following the results of 2018, the world's largest management company, BlackRock, expects the first in the last 25 years simultaneous fall in stocks and bonds. This situation is caused by the US trade war with China, tensions between Russia and Western countries, the UK’s withdrawal from the EU and the tightening of the Fed’s monetary policy.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...