How to start the week: analytics and forecasts — 28.09.2020

Fundamental analysis and forecasts for the future

Pessimism has returned to the oil market as the global economy remains uncertain.


Economic calendar

12:30 UTC

The head of the ECB Christine Lagarde will deliver a speech. Traditionally, such events can cause an increase in asset volatility.

Assets to trade: EUR/USD, DAX


Must know

It was released last Friday that the US Democratic Party has prepared proposals on economic incentives, the volume of which is estimated at $2.4 trillion. However, experts say that the proposals are unlikely to be developed. Nevertheless, the country’s finance minister promised to continue working in this direction.

US Federal Reserve Chairman Jerome Powell and Treasury Secretary Stephen Mnuchin commented on the economic situation in the country ahead of Congress for several days. Their statements had no effect on the markets, but the key indicators of stabilization for the situation — the unemployment rate and inflation — were again identified.

The oil market remained volatile despite declining US crude inventories and an increase in manufacturing activity in Germany. The reason for this is the expectation of the resumption of oil exports from Libya, the growth of supplies from Iran and the fear among traders about the weak demand for black gold.

It was announced that a cryptocurrency ETF will be launched on the Bermuda Stock Exchange. An investment product may be of interest to institutional investors.

Suddenly, the head of North Korea, Kim Jong-un, apologized for the execution of the South Korean official, and the new Prime Minister of Japan, Yoshihide Suga, suggested that South Korea resume a dialogue on resolving the DPRK problem.


A fundamental view

Johnson & Johnson

As the rate of increase in the incidence of COVID-19 in the world continues to grow, the issue of vaccine production becomes more and more urgent. Johnson & Johnson is in the final stages of clinical trials. This means that this very company can get the laurels of the winner in this race and billions of dollars in profit.


The European aviation regulator may renew the approval for the 737 MAX aircraft in November. In addition, investment company Wolfe Research raised its forecast for Boeing shares on September 24.


News that Microsoft will buy game maker Bethesda for $7.5 billion indicates the company’s plans to significantly expand its influence in the video game industry. This sector has a steady growth trend in terms of sales.


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