Introduction The world was in shock on Tuesday 4th August when a cataclysmic explosion ripped through the heart of Lebanon, Beirut, where it is estimated that 2,750 tonnes of ammonium nitrate ignited. The deafening explosion has claimed the lives of at least 137 people with over 5,000 wounded and 300,000 being left homeless. The magnitude and intensity … More Blast in Beirut brings the Lebanese Economy to the brink of collapse (USD/LBP Analysis)
(By Malaika Cornelio & Nathan Nowbuth) Background The Yen’s safe-haven status has been contested from the very start of 2019, attributing to its liquidity-and-algorithm-driven ‘flash crash’ just after New Year’s Day. This sudden 3% spike in the yen forewarned the all-year-round inclement market climate that traders prepared to steel themselves against. Next on the gloomy … More Trouble in Paradise: Chronicling the USD/JPY’s Shaky Safe-haven Status
(Michael Li, Shalin Kothari) Background: AT&T is a US conglomerate based in Dallas, Texas. The company holds large market shares in the US telecoms, TV, mobile, telephone and media service markets. Like many companies, the concerns that have arisen from Covid-19 have introduced an uncertainty among investors, resulting in a downturn in performance across all divisions. Investors have one eye on … More AT&T Inc. NYSE:T Summary
(Thomas Mak, Farzan Faizeen) Impact of COVID 19 on Natural Gas Natural gas has become increasingly important as nations shift towards eco-friendly alternatives due to it releasing low levels of emissions. When processed and converted into cleaner fuels, it can be used for heating and generating electricity. The natural gas market has not been immune … More Natural gas – Commodity Analysis and Forecast
Palladium is a valuable metal due to its existence within the Platinum Group Metal (PGM) group as well as its industrial use. The demand for palladium is mostly derived from the catalytic converters in petrol and hybrid car engines, which represents that palladium prices is contingent on the strength of the automobile industry. Major players … More Palladium – Commodity Analysis and Forecast
Background The Norwegian Kroner (NOK) has come under a fair amount of scrutiny in the past few years, as it has underperformed against several key European currencies, in addition to commodities, such as oil. The overriding factor for this has been diminishing oil production in the absence of new oil fields. Put in perspective, this dilemma bares greater significance since export … More Corona’s Crush on Kroner: We delve into its huge depreciation against the Euro and why it’s been so notably affected.
Over the last decade, aluminium prices have been far from stable as it fluctuates between the range of $1,604 – $2,638 per metric ton from 2012 to 2016. Like most commodities after the financial crisis, aluminium prices plummeted after 2008. Nevertheless, an increase in demand from China meant that prices had increased shortly afterwards. The … More Aluminium – Commodity Analysis and Forecast Report
(Michael Li UCL, Olivia Pote) Closing Price: $38.41Year Range: $27.88 – $43.17Market Cap: $213.3612 BillionCurrent Price: UndervaluedRating: Buy* Performance SummaryOver the past few weeks, governments across the world have been making advance purchase agreements with pharmaceutical and healthcare companies in an effort to develop and secure a coronavirus vaccine. Moreover, this wednesday, the U.S. federal … More Pfizer Inc (NYSE: PFE) – Valuation Report – 24th July 2020
(Sonia Ruan Ye, Koushik Karthikeyan) Cruise lines have been hit hard, with bookings and earnings estimates dropping along with the stock. The pandemic has basically shut the cruising business with cruise companies suspending some if not all of their operations. According to Jacqueline Ceren, the President of Travel Consultation & Mediation Inc. who has been … More Will Carnival’s issuance of more bonds help it stay afloat?
Michael Li (University of Bath), Khalid Nazir Background: Uber Technologies, Inc. (Uber) develops and operates technology applications supporting a variety of offerings on its platform. Its operating segments include Rides, Eats, Freight, Other Bets, and Advanced Technologies Group (ATG) and Other Technology Programs. The Rides products connect consumers with drivers who provide rides in a … More Uber Technologies, Inc. (NYSE- UBER) Summary- Jul 18, 2020
（Michael Li (UCL), Olivia Pote) 18th July 2020 Closing Price: $22.29 Year Range: $15.01 – $38.49 Market Cap: $21.0328 Billion Current Price: Undervalued Rating: Buy Performance Summary Natural gas prices have fallen sharply since the start of the pandemic in February due to weak commercial demand resulting from lockdown measures. Gazprom’s average selling price has declined by 36% as its … More Gazprom Valuation Report
The market posted mixed performances last week after early gains were erased later on in the week. It is worth noting that the S&P 500 moved to within 3% of the pre-pandemic high in February. This move was largely due to positive news surrounding vaccine trials by Oxford University and AstraZeneca with another being developed … More Weekly Market Briefing – Week Beginning 27/7/2020