Search Results for: ELA
Impact of COVID-19 on household consumption and savings
November 11th, 2020
In the second quarter of 2020, the EU household saving rate recorded its highest year-over-year increase since the time series began at +10.8 percentage points (pp). The main reason behind this was a marked 17.3% year-on-year decline in household ...
Record $114 million whistleblower award
October 29th, 2020
The U.S. Securities and Exchange Commission (SEC), the regulatory authority in U.S. that monitors the activities of more than 27,000 entities in the securities industry, has issued a press release to announce an award of over $114 million to ...
Strong growth in global investment demand for gold in Q3
October 29th, 2020
Global gold demand dropped by 19% y-o-y to 892t in Q3, as consumers continued to feel the impact of the COVID-19 pandemic. This was the lowest quarterly total since Q3 2009. The Year-to-date demand of 2,972.1t was 10% lower ...
European stocks pulled back Tuesday
October 27th, 2020
European stocks pulled back Tuesday morning amid a choppy start to trading, as investors continued to monitor the rapid spread of coronavirus across the continent and digested a fresh round of major corporate earnings. The pan-European Stoxx 600 slipped ...
The destruction of the euro
October 26th, 2020
The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that it is a matter of concern, it is increasingly obvious ...
Deliveries of oil products resuming slowly
October 22nd, 2020
EU countries gradually and partially lifted Covid-19 containment measures between May and August. As restrictions on air traffic and the movement of people relaxed, the use of common transport fuels started resuming from the low levels registered in March ...
GDPR non-compliance: Multinational clothes retailer fined more than €35 million
October 21st, 2020
Clothes retailer H&M has been fined more than €35 million in relation to employee record-keeping practices – the highest financial penalty imposed in Germany to-date in relation to non-compliance with the General Data Protection Regulation (GDPR). The data protection ...
Advantages of the MetaTrader Trading Platform for Your Online Trading Account
October 21st, 2020
Many online trading account owners use MetaTrader as their trading platform. It acts as a link between a user’s computer or mobile device and a currency trading system. MetaTrader is light and does not overload your system, which makes ...
European stocks are breaking from the overnight trend in Asia; The biggest movers
October 16th, 2020
European markets advanced on Friday morning, looking to bounce back from steep losses in the previous session, with the rapid spread of coronavirus through the continent remaining on investors’ radar. The pan-European Stoxx 600 climbed 0.8% by mid-morning trade, ...
The emerging evidence of hyperinflation
October 15th, 2020
Note: all references to inflation are of the quantity of money and not to the effect on prices unless otherwise indicated. In last week’s article I showed why empirical evidence of fiat money collapses are relevant to monetary ...
