Markets Insights
German GDP growth turned negative in the second quarter, reflecting weakness in the trade-sensitive manufacturing sector
After plunging for over a year, memory chip prices have started to stabilise
Energy Minister Prince Abdul Aziz bin Salman confirmed that the focus now is to continue preparatory work for Saudi Aramco’s IPO
Deteriorating global trade conditions have hurt most economies, boosting demand for dollar-denominated assets since early last year, keeping the greenback strong.
Seasonal swings in prices may well be a thing of the past as new supply and a steadier China demand profile dampen volatility.
Tesla had $5bln in cash at the end of June, plenty for now. But unless Musk can find new ways to boost sales, he has his company on autopilot towards another capital raise.
