August 5 2022 🕓 2 min
Gold’s volatility rises with tensions in Taiwan
The price of gold is volatile thanks to the geopolitical tensions in Taiwan, the global economic slowdown, and the Fed's monetary policy.
Market Movers
August 5 2022
Virgin Galactic plunged by 19%
Virgin Galactic shares plunged by more than 19% after US markets opened. This is due to a net loss of $111 million for Q2 this year, missing estimates, and a 36% decline in revenue. The big letdown was another postponement of its commercial space service from 2023's Q1 to Q2.
August 5 2022
Pimco clients withdrew $29 billion
Clients of Pimco, a well-known asset management company, withdrew $29 billion in three months from Bond funds. Interest rate hikes all over the world hit bond markets hard, and clients pulled massive amounts of money as a result.
August 4 2022
AMTD Digital is crashing
Amid the huge popularity increase of AMTD Digital (HKD)and growth by more than 10,000% in just weeks, HKD found its peak and is now down by almost 80% from its all-time high level. Beware of higher volatility.
August 5 2022 🕓 3 min
World food prices gradually falling
World food prices fell by almost 9% in July. They showed the sharpest month-on-month decline in almost 14 years.
August 5 2022 🕓 2 min
Big investments in China’s energy infrastructure
China's largest power company will soon begin construction of new long-distance transmission lines worth $22 billion.
August 4 2022 🕓 2 min
Venezuela’s oil export drops by almost 30%
Compared to June, Venezuela's exports fell by almost 30% in July. This is mainly due to power outages and lack of investment.
August 3 2022 🕓 2 min
Farmers in India switch to planting oil palms
These are mainly farmers in the Telangana region, where the state wants to give a major boost to oil palm planting.
August 2 2022 🕓 3 min
Big pressure on oil prices with OPEC on Wednesday
Significant pressure on production numbers can spark a turbulent week for crude oil. All eyes are on the OPEC+ meeting on Wednesday.
August 2 2022 🕓 3 min
Are oil and gas in a tricky position?
Oil and gas prices skyrocketed in the last two years, but now they show signs of a potential reversal downwards amid the OPEC meeting.
August 2 2022 🕓 2 min
Russia has stopped gas supplies to Latvia
Russia's Gazprom has halted gas supplies to Latvia amid allegations of violations of supply conditions. Latvia is not worried about this move.