After the spread of coronavirus caused a sudden drop in demand for oil, major oil countries, led by Saudi Arabia, came up with a plan to prevent further fall in prices. However, those plans were hindered by Russia whose economy has since then took a beating, but the leadership remains optimistic.
In the Global Financial Stability Report the IMF examines the evolution of financial markets since the recent financial crisis and points to the buildup of downside risks in various segments of the financial market.
The Warsaw Stock Exchange (WSE) has announced the launch of a private market based on a blockchain. It has a chance to be in the avant-garde of the blockchain revolution as most of the capital markets have taken a rather cautious approach to this technology.
The decision of the FTSE Russell agency to reclassify Poland as a developed market strengthens the Warsaw Stock Exchange, although this does not mean that it will be beneficial for the individual companies.
The US Department of the Treasury, pressured by the U.S. Congress, imposed a new round of sanctions against seven Russian oligarchs, 12 companies under their control, and 17 high-ranking government officials.
A year after announcing its plan, the European Commission has promised to accelerate the implementation of the capital markets union project. It is more and more clear that it has no alternative and Brexit may only foster this process.
Opinions are divided on the strength of the interdependence of the stock market trends and economic growth. In Poland one can often encounter the fairly popular idea that changes in the stock market outlook precede changes in the macroeconomic situation by about six months.