COVID-19 Could Push Another 100 Million People Into Extreme
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WORLD MSCI WORLD INDEX MARKET S 0.33% ▲ Vikram Limaye CEO at Radical Uncertainty: Decision Black Sea & Eurasia Coun - India’s NSE Making Beyond the Numbers tries in the Spotlight “The markets don’t seem to be con - An informative, profound yet practical Politics, Economy, Capital Markets, nected with the ground reality and the book by leading economists John Central Bank Interest Rates, News uncertainty” (p.3) Kay and Marvyn King (p.5) & Data (p. 10-11) USA : The US election news cycle kicked into full gear MALI: The Malian president resigned on with the Democratic National Convention. Next week, Wednesday following a military coup. This is the Republican National Convention will take center stage. the country's second coup in less than 10 years. BELARUS: President Alexan - Oxfam report Dignity Not Destitution der Lukashenko won Belarus' presidential election two weeks ago as protests continue to E.Asia & Pacific 239.8m sweep the country. South Asia 128.8m M Latin America Carib. 54. 3m A F .6m X 47 O 5 : Meadle East & N.Africa 44.9m e c r u o Sub Saharan Africa 44.6m S Europe & C.Asia 30. 5m LYBIA: GNA Chief Fayez al-Sar - Other High Income 4. 7m raj ordered on Friday a ceasefire in Libya.The Eastern-based par - liament also called for an imme - “Economic stimulus packages must support ordinary workers and small businesses, and bail outs OXFAM: diate ceasefire. for big corporations must be conditional on action to build fairer, more sustainable economies” Jose Maria Vera, Oxfam International Interim Executive Director COVID-19 could push another 100 Million People into Extreme POVERTY p to 100 million people will be pushed into "ex - poverty, but the new estimate puts the deterioration at 70 treme poverty" by the coronavirus crisis, World to 100 million. “That number could go higher" Malpass U said. In an interview with The Guardian on Wednesday the Bank President David Malpass warned Thursday CHINA: PLA Navy completed in an interview with AFP. The Washington-based lender head of the World Bank said: “The recession has turned on Aug.20 a 3-daylive-fire drill which defines "extreme poverty" as living on less than into a depression for some countries” adding: “This is the in the East ChinaSea. The exer - $1.90 per person per day, previously estimated that 60 mil - biggest crisis in decades but I’m fundamentally optimistic cise simulated a “sudden en - lion people would fall into extreme that people working together will find a way through it”. counter with the enemy.” 2.P WORLD MARKETS DASHBOARD -1.34 % -0.00 % 0.72 % 2.65 % -1.45 % 0.17 % -2.34 % -2.19 % -0.90 % 0.02 % INDICES CAC40 DJIA S&P500 NASDAQ FTSE100 BOVESPA MERVAL IPC DAX TSXCOMP One stop-shop for Market Watchers ( pages 02 & 15 ) See at a glance the weekly performance of main indices of world stock markets. All figures refer to the performance during Aug.17-21, 2020 (weekly % change). World Markets undertakes all reasonable efforts to ensure the data included in this section was correct at the time of publi - cation. For corrections send an email at: [email protected] EUROPE 1. AUSTRIA ATX -2.29% 2. BELGIUM BEL20 -3.48% 3. BULGARIA SOFIX 0.45% 4. CROATIA CROBEX -0.21% 5. CYPRUS CYMAIN -0.60% 6. CZECH REPUBLIC PX -1.79% 7. DENMARK OMXC20 0.64% 8. ESTONIA OMX TR -1.54% 9. FRANCE CAC40 -1.34% 10.GERMANY DAX -0.90% 11.GREECE ATHEX AGD -0.17% 12.HUNGARY BUX -1.50% 13.ITALY FTSE MIB -1.66% 14.LITHUANIA OMX V -0.66% AMERICAS 15.NETHERLANDS AEX -1.69% 1. ARGENTINA: MERVAL -2.34% 16.NORWAY HEX 0.37% 2. BRAZIL: BOVESPA 0.17% 17.POLAND WIG20 -1.94% 3. CANADA:TSX COMP 0.02% 18PORTUGAL PSI20 -2.19% 4. CHILE: IPSA -0.56% 19.ROMANIA BET -0.10% 20.RUSSIA MOEX -2.17% 5. COLOMBIA: COLCAP 2.86% 21.SPAIN IBEX35 -2.41% 6. JAMAICA: JSE COMP -0.16% 22.SWEDEN OMXS30 -0.06% 7. MEXICO:IPC -2.19% 23.SWITZERLAND SMI 0.54% 8. PERU: S&P LIMA GENERAL -0.17% 24.UK FTSE100 -1.45% 9. VENEZUELA IBC 1.05% 10.USA: S&P 500 0.72% 11.USA: DJIA -0.00% 12.USA:NASDAQ 2.65% WARSAW ( GPW ) NEW YORK ( NYSE) GPW Group’s Record-High ICE Enhances NYSE Revenue in Q2, 2020 FANG+™ Index Futures The Warsaw Stock Exchange y-o-y. “Q2 2020 broke new Intercontinental Exchange, vestors.The contract multiplier, (GPW) Group generated rev - records, including an all-time NYSE's parent company, an - which determines the notional enues of PLN 101.1 million and a high turnover, very strong activity nounced on Aug. 18 it plans to value of the contract, is expected net profit of PLN 43.5 million in of individual investors, as well as enhance the NYSE FANG+™ to be reduced to $5 times the Q2 2020. Its EBITDA was 63.2 online IPOs” said Marek Dietl, Index futures by reducing the index from the current $50, effec - million. The consolidated sales CEO of the GPW Management contract size to better match the tive Sept. 28, 2020, subject to reg - revenues increased by 13.5% Board. needs of a wide range of in - ulatory approval. IN FOCUS P. 3 For the week, brent crude headed for a weekly loss, WTI crude gained near 0.6%, OIL prices edge the 3rd consecutive week of gains, while gold dropped 0.2%, booking its second straight weekly decline. lower GOLD dips Brent crude futures fell more than 1% to trade around $44.4 a barrel on Friday, while WTI oil prices were down near $ 44.4 $ 42.3 $ 1.946 1% to $42.3, after falling more than 21 /08/2020 21 /08/ 2020 21 /08/2020 2.5% during the session amid increas - ing doubts over a recovery in fuel de - mand. Gold fell to an over 1-week low of $1946 as a strong rebound in the USD and strong economic data nudged prices lower. EDITORIAL RED GREEN KEY OPINION Vikram Trading in a Limaye Managing parallel uni - TRADE S&P500 Director and CEO of the National Stock verse cannot Exchange of India Limited The World Trade Organization's S&P 500 could reach 3,600 by (NSE) last forever goods trade barometer hit a the end of the year Goldman nvestors digested another week record low. Released on Sachs said on Monday. Of the packed with geopolitical head - Aug.19, the reading of 84.5 is 11 major S&P 500 sectors, the Stock Market I lines, economic data and the the lowest on record in data technology index has climbed Presidential Nomination Conven - going back to 2007, and on par about 25% this year. rally is out tions. Most major Asian/Pacific eq - with the nadir of the 2008-09 fi - uity markets fell as Japan reported its of touch with gross domestic product took a record LOANS ETFs plunge in the second quarter. China bucked the trend as an injection of the Realit y liquidity from the central bank pro - vided support to mainland Over the three months to June stocks despite US-China More than € 360 billions of loans at Europe’s biggest banks 30, global ETF in flows rising tensions. amounted to about $175bn, European shares weak - have been subject to some kind of payment breaks but the big comprising fixed income ($97 Kyriaki ened on ECB minutes bn), commodities ($34bn) and Balkoudi talking of plenty of uncer - question is whether borrowers s there no more connection be - Editor will be able to resume payments equities ($20bn), according to tainty ahead. It wasn’t Australia's Beta Shares. tween the stock market and the much better from the Federal Re - when support ends. I economy? serve. FOMC minutes brought a re - Have the markets been discon - ality check: Fed officials expect that APPLE nected from reality? There have coronavirus will “weigh heavily” on COSTS been market experts who have the economy. As the economy highlighted concerns around the continues to struggle we saw major recent market rally. Vikram Li - US equity indices flirting near record maye, the chief executive of highs lifted by big mega-cap tech Foreign firms looking to Apple Inc.'s market capital - India’s National Stock Exchange is stocks. How much longer can the move their export-related ization climbed into $2-tril - one of them. rally in the stock market last against manufacturing processes out - lion territory Wednesday, Speaking on a “Future of Deriva - the global economic backdrop and side of China could face $1 becoming the first publicly tives in Emerging Markets” panel the stimulus-fuelled economies? trillion in costs over 5 years, traded U.S. company to reach hosted by the Tadawul, Saudi Ara - A new record high can't erase all the according to new Bank of the milestone bia's stock exchange, and moder - risks to the economy and indices can - America research. ated by CNBC, on Aug. 13, not forever overcome increased eco - Limaye warned that “the markets nomic and political concerns. As SHIPPING don’t seem to be connected with Trond Grande, the deputy CEO of USD the ground reality and the uncer - the Norwegian sovereign wealth tainty that actually faces most fund told Reuters this week: “I think economies in the world.” Stimulus there is a slight disconnect between Improved profitability across measures continue to prime stocks the real economy and the financial The US Dollar Index - which all businesses has enabled from New York to New Delhi.