Bitcoin Transactions Values To Triple this Year-Reaching Over USD92Bn, As Brexit And Possible Trump Presidency Fuel Price Spikes
Exchanges Drive Growth As Retail Interest Wanes
July 4, 2016--A new study from Juniper Research has found that the total value of Bitcoin transactions is expected to exceed $92 billion this year, up from less than $27 billion in 2015.
The research found that transaction volumes continued to be concentrated overwhelmingly on the exchanges, with Bitcoin now trading at values almost 50% higher than at the beginning of the year.
According to the new research-The Future of Cryptocurrency-Deep Dive Data & Forecasting 2016-2021 the rise in values could be attributed to 3 key factors:Unc
Uncertainty over Brexit- the research argued that Bitcoin's value is to a significant extent dependent upon economic uncertainty and political instability as investors seek safe havens for their assets. Bitcoin's price rose in the weeks leading up to the referendum, dipped briefly but sharply when it appeared that Britain would vote to remain in the EU, before recovering when the true result became apparent.
Source: Juniper Research
Commodities: Silver Skyrockets Post-Brexit, Energy is Back!
July 1, 2016--Commodities are back!
While commodity performance in Q1 was promising, it was mainly precious metals and zinc that buoyed everything else.
Energy and base metals were relatively flat on the quarter, with uranium and natural gas having the biggest declines.
However, the game changed considerably in Q2. We now live in a post-Brexit world, where the real risk of further contagion in Europe is prompting investors to seek insurance policies.
Source: visualcapitalist.com
Infographic-The Decline of Coal in Three Charts
July 1, 2016--How coal went from hero to zero in just five short years.
There was a time in the not so distant past that coal was the unquestioned all-star of the energy mix.
Just over a decade ago, coal-fired power generated more than 50% of U.S. electricity.
Source: www.visualcapitalist.com
Completion of divestiture of International Securities Exchange Holdings
June 30, 2016--Deutsche Börse AG completed the sale of ISE to Nasdaq today. Nasdaq, Inc., acquired the International Securities Exchange Holdings, Inc., operator of three US equity options exchanges, and ISE's holding company, U.S. Exchange Holdings, Inc., for a total cash consideration of 1.1 billion US$ from Deutsche Börse AG.
So argued some delegates and speakers yesterday at the London Stock Exchange Group (LSEG) Greater China Forum in Hong Kong.
Source: Asian Investor
World Economic Forum Report-Enabling Trade
The global repartition of work, which has fuelled globalization and international trade,
appears to have plateaued. Sluggish global demand in the wake of the financial crisis has forced
growth engines like China, which has driven global growth for decades, to refocus on domestic and regional markets.
Source: World Economic Forum
Winthrop Capital Management-Thoughts on Brexit and the Implications for Investment Strategy
In spite of all the polls which leaned toward staying, all the political leaders cajoling voters to remain, and the international pundits from the International Monetary Fund to the President of the United States who lobbied Great Britain to remain in the EU, the British public voted to leave. It appears to us to be a vote for independence and sovereign pride, in spite of the unknown costs. Let's begin with some of the more obvious issues. First, this is a total unknown journey so there is no real precedent for the capital markets to lean on. Second, this divorce is going to take a long time. Third, this is going to be massively complicated. Fourth, this is a political event that will have long term ramifications for the capital markets. World Bank-A look at Carbon Pricing and Competitiveness
Putting a price on carbon pollution is seen as one of the most powerful and efficient strategies governments and businesses are using to respond to climate change. That's the key message in a new Executive Briefing paper, issued today by the carbon Pricing Leadership Coalition, which includes governments, businesses and civil society groups all working together to advance carbon pricing.
Source: World Bank
Globally Important German Financial System is Resilient
The financial system of Germany, home to systemically important financial institutions, has been bolstered by EU-wide and global reforms in the financial sector. At the same time, low interest rates and the ongoing transition to new supervisory and resolution mechanisms may pose risks, according to the IMF.
Source: IMF
June 30, 2016--Trade and foreign direct investment are critical for world economies and the wealth of nations.
Both are linked,and economic success depends more than ever on the attractiveness and competitiveness of markets, including the availability and ease of moving goods, talent and services across borders.
June 29, 2016--43 years of membership in the European Union (EU), Great Britain voted last week to withdraw its membership.
June 29, 2016--STORY HIGHLIGHTS
Carbon pricing spurs diversification, innovation and investment
Early evidence shows little impact on competitiveness-but this will need to be managed as price levels increase
High-carbon, low efficiency economies can make a smooth transition towards charging for carbon pollution
June 29, 2016--Financial system resilient, long-standing issues remain
Low profitability of banks, insurers exacerbated by low interest rates
German, European authorities should ensure new European financial architecture effective in practice
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