Igor Kuchma

As is customary, the summer will end with the US Gulf Coast facing two potential hurricanes – Marco and Laura. The double threat has already caused evacuations on off-shore energy platforms, and about 13% of oil and 4% of natural gas production have been shut-in. More than 45% of America’s fuel refining capacity is located […]

Barcelona lost 2-8 to Bayern Munich, Belarusians are suffering from Europe’s ‘last dictator’, Republicans and Democrats can’t agree on the fifth stimulus relief package, meanwhile U.S./China trade discussions were postponed. The bull party in Wall Street had been still further encouraged by the news of the Russian coronavirus vaccine. The problem is that the world’s […]

Despite the fact that the new stimulus package hasn’t been approved yet, S&P 500 continues to grow further to the moon, meanwhile the Nasdaq has already surpassed its last week record. Probably, it can be contributed to a drop in the US dollar and strong earnings results (especially by the companies from the Health Care […]

This week we have learned that the first economy registered the worst contraction, whatsoever. Real gross domestic product decreased at an annual rate of 32.9 percent in the second quarter of 2020. This was the result of so-called quarantine measures issued in March and April. Without any doubt, the situation could have been even worse […]

>Major world stock indexes closed on Friday in positive territory on the prospects of more stimulus in Europe and the US. One of the biggest losers was Netflix (-10%) amid expectations that subscriber growth would slow in the second half of the year. Facebook, meanwhile, has totally recovered from its recent loss and is growing […]

Last week the US finally saw unemployment claims falling more than expected. Despite the fact that declines in jobless claims are not a useful benchmark as to whether the labor markets have returned to normal, it is still good news. But what’s more important is that COVID-19 cases also register a decrease. ISM Non-Manufacturing PMI […]

It was a historic half of the year Wuhan is once again in the center of the scandal, but this time not with coronavirus, with the counterfeit gold scandal. European markets end the week with losses, whilst ECB’s Lagarde warned of possible disinflation as coronavirus crisis transforms economy. American stocks, on the other hand, registered […]

Probably it was on the most eventful six months in modern history. The second half of the year also will not be simple as economies have to recover, but the virus has not disappeared yet. Talking about the recovery it should be mentioned that the Fed released the results of its stress tests for 2020 […]

Coronavirus is back on track with rising cases in the U.S., Germany, and China. Beijing, China’s capital, reimposed a travel ban to stop new coronavirus infections. Nevertheless, global stock markets seem to ignore the risk. Investors truly believe the economic rebound is around the corner, whilst a record percentage of money managers see the stock […]

Despite all the efforts on behalf of the Fed, the stock market is still a roller coaster. After three weeks of gains, the stock market was clearly overheated. As a result, we saw a new wave of selling, with the Volatility Index rising back to 47%. One of the possible explanations could be the fact […]