The European Central Bank (ECB) is making every effort to support Italy and other Eurozone countries, whose economies have been hit hardest by the consequences of the SARS-CoV-2 coronavirus pandemic. The bank is currently actively buying government bonds for these countries. According to the Reuters news agency, in March 2020, the ECB invested €33.75 billion in the purchase of debt obligations of...

An apocalyptic picture is emerging in the winemaking industry due to a combination of several factors: new duties, crisis of overproduction, biological and climatic threats. In 2018, there were ominous signs in the form of global natural disasters. In the year 2019, the list of fatal threats included political risks. Either pondering the next manifesto of populism, or actually deciding to protect...

Coronavirus control measures, which universally resulted in lower raw material prices, have positively affected the cost of natural uranium. Mining companies are closing mines due to quarantine; as a result of last week, uranium prices jumped 13% immediately to $ 27 per pound. While most metals are getting cheaper amid falling demand, the cost of natural uranium has begun to rise. Spot prices for...

One of the largest cruise operators, the British-American Carnival, is going to attract additional financing in the amount of $6 billion to survive the crisis associated with the coronavirus pandemic and the suspension of cruises. Not only Carnival has difficulties. According to The Economist, the market has problems that are far more long-term and serious than even those in the air...

Oil prices on the physical market in the US have become negative: producers pay consumers to pick the oil up, Bloomberg writes. The first oil stream that turned everything upside down was the high-sulfur grade Wyoming Asphalt Sour, which is mainly used for bitumen production. In mid-March, the commodity trader Mercuria Energy Group asked for a price of minus 0.19 cents per barrel, in fact...

The US Secretary of State spoke on the phone with the Crown Prince of Saudi Arabia, urging him to calm the world’s energy and financial markets. Thus, the United States has intervened in a price war between the kingdom and Russia, writes Bloomberg. The United States directly intervened in the price war between Saudi Arabia and Russia, urging Riyadh to calm the energy and financial markets in...

On Tuesday, gold went up by 6%. This is the most significant one-day price increase since 2009. The price increase was the largest in the history of observations. On March 24, gold went up by 6%. There has been no such a strong increase in prices since March 2009. In monetary terms, the value added $ 93.2 and reached $ 1660.8 after deduction, and there has never been such a noticeable increase...

The US Fed has abandoned restrictions on the volume of asset repurchases to maintain stability in the financial markets. This week, the Reserve Bank of New York will buy back $ 125 billion worth of securities. The regulator also announced the launch of several $ 300 billion programs to support lending, thus engaging all set of tools available to monetary authorities. The International Monetary...

According to the forecasts of Goldman Sachs investment bank, a total of 2.25 million Americans lost their jobs last week. The virus pandemic, which caused quarantine and the shutdown of many enterprises, has already resulted in massive reductions in small and medium-sized businesses in the areas of catering, tourism and entertainment. At the same time, large retailers, faced with rush demand from...