Re: FreshForex team
Year of Dragons: what will follow the easing of covid restrictions in China
The gradual easing of the zero-covid policy once again makes China a platform for promising investments, analysts at Morgan Stanley say.
Since the start of the month, cities across the country, including Shanghai and Shenzhen, have been relaxing their Covid-19 testing requirements. According to many analysts, this indicates the curtailment of tough restrictive measures by Beijing in favor of economic recovery. In 2023, according to the bank's experts, China and Hong Kong will experience rapid growth in the stock market. We are talking about a rise of 13-14%.
At the same time, Morgan Stanley advises against rushing, as the real economic effect will be noticeable only by the second quarter of the year.
"The path will be bumpy," the strategists note. "Market volatility could stay high owing to wide swings in sentiment between over-optimism for a fast reopening and at times rapid disappointment regarding a seemingly slow and zig-zagging move towards a Covid-zero exit."
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Oil hikes: how the price of fuel changes
Against the backdrop of instability in the global economy and changing demand for fuel, hydrocarbon prices are under the influence of strong volatility.
Yesterday, December 8, the price of the Brent brand fell below $76, which is comparable to December last year. The fall is about 12% from the price since the beginning of the week.
At the moment, oil has won back the position in the $80 area. According to analysts, the pricing is due to market fears regarding excess raw materials due to recession forecasts among the world's leading economies.
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The Crypto Three: Main coins to look after in 2023
This year is coming to an end, so it's about time to make some plans for the next one. This time we'll be looking at 7 most popular cryptocurrencies and choose the best 3 in the coming year.
Join us on December 14 at 12:00 GMT.
During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.
If you missed the previous webinars, you can always find them here.