Market Watch I Kristal Weekly Feed I 12th August 2019
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Kristal Weekly Feed I 12th August, 2019

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All you need to know, in under 1 minute.

Here’s a concise report on what made headlines in the global market last week.

Positives

  • Gold wins in a volatile week for markets
  • Bond ETF makes merry as investors move to safe-haven assets

Negatives

  • Economic fallout from political protests in Hong Kong broadens
  • Climate change is putting the world’s food supply at risk

Now, for more detail.

 

Positives 

1. Gold wins in a volatile week for markets

What You Should Know

As the week saw increasing volatility and market turmoil among rising trade tensions between China and US along with concerns of global growth slowdown, gold sat at a six-year high on Friday at $1,500, gaining 4.3 per cent over the week.

What You Should Lookout For 

The week saw high volatility in the markets as the S&P 500 registered the longest streak of big daily moves since the start of the year. Earlier in the week, the S&P 500 fell by 3% in a single day after China allowed its currency to fall against the US Dollar, escalating trade tensions. The S&P 500 however rose back to almost where it started in the second half of the week.

Suggested Reading:

Gold wins, dollar loses in another volatile week for markets

 

2. Bond ETF makes merry as investors move to safe-haven assets

What You Should Know

With rising volatility in the equity asset class, the exchange traded funds focused on safe haven assets are notching up their biggest advance in eight years since the 2011 US downgrade.

What You Should Lookout For 

A rally of about 8% over the last ten days for iShares 20+ Year Treasury Bond ETF is the largest since US government debt was downgraded in 2011. This surge has put the ETF ahead of some of the biggest ETFs that track the US stocks.

Suggested Reading:

Bond ETF Extends Steepest Rally Since 2011 U.S. Downgrade

 

Negatives 

1. Economic fallout from political protests in Hong Kong broadens

What You Should Know

As the demonstrations against China’s grip on the city are turning increasingly violent in Hong Kong, the toll on commerce is also rising, hurting a growing list of businesses, from local retailers and hotels to foreign firms, including Walt Disney Co.

What You Should Lookout For 

Cathay Pacific, city’s flag carrier registered a dip in ticket sales as flow of visitors to the city is reduced. Walt Disney also reported that visits to Hong Kong Disneyland have suffered. Macau’s casino operators reported an unexpected drop in revenue in July.

Suggested Reading:

Cathay Pacific Blames Hong Kong Protests For Ticket Sales Dip

 

2. Climate change is putting the world’s food supply at risk

What You Should Know

A UN report says that climate change could lead to shortage of food supply, threatening the poorest populations first. Stability of food production will increasingly be impacted due to extreme weather. Push to use more lands for food production is eliminating natural wetlands and forests that capture greenhouse gases, according to the report.

What You Should Lookout For 

Crop yields are already falling in some areas, deserts are spreading and plant diversity is waning, according to the report. If the planet gets warmer by 2 degree Celsius, about 200 million people are expected to be affected by drought intensity, water stress and habitat degradation.

Suggested Reading:

Climate Change Could Lead to Food Shortages, UN Report Says