Russia’s stock market rallied in the second quarter of this year, up some 30% since January, and broke through the 1,400 level briefly in June for the first time since the annexation of Crimea in 2014. Stocks have rallied strongly this year but the outlook for the rest of the year is hazy and investors are only looking at a few names rather than the market as a whole. The outlook for Russian stocks should be good. Both the banking sector and the corporate sector are making the best profits seen since the onset of sanctions as the economy is clearly recovering, at least as far as listed companies are concerned, even if the macroeconomic growth remains subdued. “Russian stocks are among the best performers year-to-date across emerging markets. The MSCI Russia has gained +30% year-to-date, holding its position as one of the leaders in the EM space. The RTS index tested the 1,400 level in June, returning to the area near our base case full-year 2019 target of 1,250 in August. … [Read more...] about Where is Russia’s Stock Market Headed This Year?
Chinese year 2019
Hong Kong's July retail sales sank by the most since February 2016 amid anti-government protests that have gripped the Chinese-ruled city for months.Retail sales in July fell 11.4 per cent from a year earlier, government data showed on Friday, as social unrest hurt consumer sentiment and visitor arrivals started to fall.Unrest in Hong Kong escalated in mid-June over a now-suspended extradition bill that would have allowed people to be sent to mainland China for trial in Communist Party-controlled courts.The protests, which at times have turned violent, have evolved into broader calls for democracy for the former British colony which returned to Chinese rule in 1997.Retail sales fell to $HK34.4 billion ($A6.5 billion) in July, a sixth consecutive month of declines. June's decline was 6.7 per cent. In volume terms, retail sales in July fell 13 per cent, compared with a 7.6 per cent fall in June.For the first seven months of 2019, retail sales fell 3.8 per cent in value from a year … [Read more...] about HK retail sales fall to 3.5-years low
The annual Plymouth Live Sexy lLst is back and bigger than ever before - and proves beauty is not only skin-deep. From Honicknowle to Hollywood, film stars to footballers, hairdressers and kind-hearted souls, we've scoured the city to find Plymouth's sexiest men and women. The Sexy List isn't just about what's on the outside, it is about celebrating those with confidence, kindness, ambition, pride and bravery, which truly defines the word 'sexy'. We've compiled a list of 100 individuals, made up of the humble and the famous, the young and the old - and it's likely you will know a few of them. Obviously there are more than 100 sexy people in the city, so leave your suggestions in the comments below and perhaps we'll extend this to the Hot 200. Please note this list is in no particular order. Let's begin... Gillian Nair The woman responsible for creating one of the biggest Facebook groups in Plymouth, Gillian Nair has brought the female community together. Gillian set up Plymouth Gossip … [Read more...] about The Sexy List 2019: Plymouth’s 100 hottest men and women
Maltese markets moved lower, with the MSE Equity Total Return Index closing down 0.844% at 9,660.44. MIDI P.l.c's 3.73% gain, which saw it close at €0.70, was unable to outweigh the 6.04% loss recorded by Tigne Mall P.l.c and the 4.23% loss posted by FIMBank P.l.c, which saw the companies close at €0.90 and $0.68 respectively. US Markets experienced their first fall following a rise in all major indexes for three consecutive sessions. The Nasdaq Composite decline by 0.68%, or 54.25 points, whilst the S&P500 closed 0.79%, or 23.13 points, lower. The Dow Jones Industrial Average also experienced a decline of 0.66% or 173.35 points. European markets also faced their first decline after two sessions of high gains, as investors are awaiting more guidance from Central banks regarding hopes of a fiscal stimulus. The pan-European STOXX600 index started its day on a high, but reversed course towards the end of day to close 0.7% lower, whilst the London FTSE100 was down 0.90%, or … [Read more...] about Markets summary and competition in the Chinese market
Maksim Yermolovich. An archive photo MINSK, 20 June (BelTA) – Belarus is set to receive a 3.5 billion yuan loan from the China Development Bank by the end of the year 2019, Belarus Finance Minister Maksim Yermolovich told reporters, BelTA has learned. “Work is underway to raise a loan of the China Development Bank. A memorandum of raising a 3.5 billion yuan loan has already been signed. Now we are working on the borrowing terms,” Maksim Yermolovich said. A loan agreement is to be signed following negotiations. “By the end of this year we are set to borrow 3.5 billion yuan, which is equivalent to more than $500 million,” the minister added. BelTA reported earlier that the Chinese money can be used to replace part of loans from Russia. In line with the preliminary agreement with the China Development Bank, Belarus is to be granted 3.5 billion yuan.More about Economy … [Read more...] about Belarus to borrow 3.5bn yuan from China Development Bank in 2019