Japan May Face Deflationary Risks Again
The continuously spreading coronavirus pandemic has put the economies of developed countries around the world to a standstill and slashed social consumption and demand, leading to oil prices which failed to recover after falling to the bottom, and US stocks that hovers in bear market. Against this context, observers warn that deflation, the worst economic nightmare, may be lurking around, And Japan may be the first country to feel the shock.To get more news about wikifx, you can visit wikifx news official website.
Calculations based on factors such as oil prices, scheduled electricity prices and current exchange rate level suggest that as both gasoline prices and electricity prices drop, Japan ’s inflation level will continue to be suppressed in the coming months. Moreover, if oil prices continue to fall, Japan ’s inflation rate may fall below zero as early as in April. According to Bloomberg's forecast, the factor of falling oil prices alone can make the main inflation indicators fall by 0.1% in April and 0.2% in May. Since energy accounts for only 8% of the CPI(consumer price index) Basket of Goods, price changes of remaining products can still keep the inflation rate above zero. As Japan enters a state of emergency (from April 7 to May 6), utility companies will take falling oil prices into account in their pricing plans, and general consumer prices will further decline in the next few months.
BNP Paribas, Barclays and Credit Suisse all forecast that Japan ’s inflation will be negative for most of the time this year and in the next two years. Judging from the current situation, Japan's economy faces high deflation risks. Due to the bleak economy, earnings of companies are breaking through the profitable bottom line, which will make businesses more cautious about investment, consumption and recruitment activities for a period of time.if you want know more,Download wikifx
USD Net Shorts Rose to the Highest in Past 2 Years
According to Reuters' calculations and the latest data released by the United States Commodity Futures Trading Commission (CFTC), speculative dollar net short positions have increased to the highest level in the past two years in last week; as of the week ending April 21st, USD net short positions totaled US$11.51 billion. Net short positions of the previous week reached US$ 11.39 billion. Reuters’ calculation of total USD net position in the Chicago International Monetary Market is based on the net positions of six major currencies: Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar, and Australian Dollar.To get more news about wikifx, you can visit wikifx news official website.
Under the impact of the epidemic, the Fed has continuously launched several rounds of quantitative easing that exceeded market expectations, almost exhausting all conventional and unconventional policy ammunition available. As of now, the Fed has reduced interest rates to zero to inject liquidity into various markets. Investors will still pay close attention to the Fed ’s outlook on the current economy and whether it will give hints on the introduction of negative interest rates in the future.if you want know more,Download wikifx
Hedge Funds Lately Experienced the Biggest Quarterly Withdrawals
In Q1, 2020, investors withdrew a net US$33 billion from hedge funds, the highest level in more than 10 years. According to a report released by Hedge Fund Research Inc. on Wednesday, this is the largest quarterly outflow of funds since investors withdrew approximately US$42 billion in the second quarter of 2009. To put things in perspective, investors withdrew US$43.1 billion throughout the whole year of 2019.To get more news about wikifx, you can visit wikifx news official website.
Renaissance Technology, an IT-driven hedge fund founded by Jim Simons, recorded one of the worst quarterly performances. Investors said the company's Renaissance Institutional Equity Fund fell nearly 18% in the first three months of this year, while the Renaissance Institutional Diversified Alpha Fund fell 13%. According to investors, Dario ’s Bridgewater Fund also missed in the market sell-off, and its flagship fund Pure Alpha shrank by about a fifth in asset value in the first quarter.
Investors have reacted unprecedentedly to the volatility and uncertainty caused by the global epidemic, and the historical collapse of investor risk tolerance has led to the largest quarterly capital redemption in the hedge fund industry since the financial crisis. Overall, the investment value of hedge funds fell by US$333 billion in the first quarter, reflecting the stock market sell-off and widening credit spreads. Due to this round of decline driven by poor performance, the total hedge fund assets have fallen below US$3 trillion for the first time since 2016.if you want know more,Download wikifx
Five myths about the lottery
Lotteries have been with us for most of recorded human history, dating back at least to the Han Dynasty in China, when proceeds may have helped finance the Great Wall. They were also present at the very start of this country, when King James created a lottery to raise money for the new settlement at Jamestown, Va., in 1612. The dream of drawing a lucky number still has an allure: About half of Americans said in a 2016 Gallup poll that they’d bought a state lottery ticket within the past year. Many myths surround these games of chance — and their winners and losers.Get more news about 彩票API,you can vist loto98.com
It seems intuitive: The higher the potential winnings, the more sense it makes to spend a few dollars to try your luck. claimed that when the Powerball winnings reach a certain threshold, the expected value — the payout times the probability of winning — exceeds the price of the ticket.
But even aside from the infinitesimally small chance of winning, lotteries with huge jackpots aren’t as good as they look. First, the jackpot is paid out as an annuity, which decreases its net present value; if you choose to take it as a lump sum, you’ll get only about 60 percent of the advertised prize. Second, winners pay serious taxes on their payout (close to 50 percent in total, depending on the state). Finally, with a huge jackpot, so many people are playing that there is a very good chance that more than one winner will have to share the prize: The likelihood of sharing would be about 50 percent for a $500 million jackpot, and it goes up from there. As a result, the expected value of playing actually decreases as jackpots get very large.
Another thing to keep in mind: Powerball and Mega Millions jackpots have gotten much larger in recent years because both lotteries reduced the odds of winning. In 2015, Powerball added more numbers to the drawing, dramatically decreasing the chance of winning the jackpot, from 1 in 175 million to 1 in 292 million. The odds of winning the Mega Million jackpot are even lower: approximately 1 in 302 million. Famously, you’re more likely to experience a wide range of other scenarios, such as being hit by lightning or by an asteroid.
Even knowing the odds, it’s tough to dispel the notion that hitting the jackpot would wipe away money issues. A fifth of Americans believe that winning the lottery is the most practical way for them to accumulate large savings, according to a 2006 survey by the Consumer Federation of America. More recently, a 2019 survey conducted by the investment app Stash found that about 40 percent of respondents, including 59 percent of millennials, think that winning the lottery could be a good way to fund retirement.
But research shows that winning significant prizes is not the ticket to easy street. When a team of economists tracked the fortunes of financially distressed people in Florida who had won the lottery, they found that within three to five years, the winners of big prizes (between $50,000 and $150,000) were equally likely to have filed for bankruptcy as the small winners, and the groups had similarly low savings and levels of debt. According to the National Endowment for Financial Education, about 70 percent of people who win a lottery or receive a large windfall go bankrupt within a few years.
Lottery tickets now on sale in Mississippi
Escorted from a vehicle by an Elvis impersonator, a brass band playing music and surrounded by members of the Sweet Potato Queens, State Rep. Alyce Clarke purchased two scratch-off lottery tickets Monday morning.Get more news about 菲律宾彩票包网平台,you can vist loto98.com
She wasn't the first lottery ticket buyer, but Clarke ceremonially kicked off the start of Mississippi's lottery with lawmakers, state lottery officials and others at the Raceway gas station on Mississippi 18 West in Jackson.
Scratch-off lottery tickets went on sale Monday. Powerball and Mega Million lottery tickets go on sale in January.Ricky Singh, owner of the Raceway gas station, said of the lottery: "I'm very excited. This is the best thing that could have happened to Mississippi."
Clarke, D-Jackson, was a leading proponent of a state lottery and pushed for the state to create one for more than 20 years. The state's lottery law is named in honor of Clarke."I'm proud Mississippi has a lottery," Clarke said. "I'm proud the money will go to infrastructure and education."
Clarke borrowed a couple dollars from a lottery official to buy her tickets.Customers flooded into the Raceway early Monday to buy scratch-off lottery tickets.Velma Myers of Yazoo was one of the many people at Raceway buying tickets.
"I want to win the first day," Myers said.And if she wins, Myers said "I will probably scream I guess." But Myers said the most important thing is that the lottery is a win for Mississippi.State Rep. Michael Ted Evans, D-Preston, said he left home at 3 a.m. to attend the lottery ceremony at Raceway.
"I feel good about us passing this for Mississippi," Evans said, after he purchased lottery tickets.
About 1,200 retailers across the state are selling lottery tickets. Retailers range from traditional convenience stores, convenience stores with gas, grocery stores, tobacco stores, casinos and even barber shops. Approved retailers successfully submitted applications, cleared background and credit checks, attended retailer training and received lottery equipment, lottery officials said.For the next decade, up to $80 million a year from lottery proceeds will help fund state roads and bridges or to match federal infrastructure money. Any revenue above $80 million would go to public education, the Education Enhancement Fund.
After decades of debate, lawmakers in a summer special session last year approved a state lottery. It's expected to net the state about $40 million the first year, then $80 million to $100 million a year thereafter.
Shanghai Disneyland to reopen with coronavirus social distancing measures in place
After seeing “encouraging signs of a gradual return to some sense of normalcy in China,” the Walt Disney Company announced Shanghai Disneyland will begin a phased reopening on May 11 with social distancing measures put in place to mitigate the spread of the coronavirus.To get more news about coronavirus shanghai, you can visit shine news official website.
“We know how much our guests have been looking forward to returning to Shanghai Disneyland, and our cast is excited to begin welcoming them back,” said Disney's CEO Bob Chapek. “As the park reopens with significantly enhanced health and safety measures, our guests will find Shanghai Disneyland as magical and memorable as ever.”
Chapek said the decision to begin re-opening is "not about break even, but just making a positive contribution."“We wouldn’t open any park unless we could make a positive contribution to overhead and overall net profitability,” he added.
Shanghai Disneyland typically has roughly 80,000 visitors per day, but the Chinese government has mandated that the park operates at 30 percent capacity, or 24,000 visitors. Chapek said the park would initially begin operating well below that capacity and ramp up to reach the 30 percent cap over several weeks.
We will take a phased approach with limits on attendance, using an advanced reservation and entry system, controlled guest density using social distancing and strict government required health and prevention procedures,” Chapek said on the company's second-quarter earnings call. “These include the use of masks, temperature screenings and other contact tracing and early detection systems.”
Guests will be required to wear masks during their entire visit, except when dining. Hand sanitizer will be made available at all ride entrances and exits, while sanitation of all high-touch locations, including ride vehicles, handlebars, queue railings and turnstiles, will be increased.
Additionally, cast members will receive procedural training with "an emphasis on contactless guest interaction, cleaning and social distancing" and will be required to wear personal protective equipment while working.
“Given the constantly changing global health environment, these practices may evolve as we consider the latest guidance, but we will share more information with you as we look towards reopening,” Disney Chief Medical Officer Dr. Pam Hymel said in a statement. “Our focus remains on the health and safety of the entire Disney community — including the wellbeing of the Cast Members who are caring for and securing our parks and resorts during the closure. We continue to learn from these experiences and will carry these lessons into reopening and beyond.Shanghai Disneyland closed Jan. 25 as the coronavirus began to spread from Wuhan, China. Shanghai Disney Resort was able to partially re-open “a limited number of shopping, dining, and recreational experiences” in Disneytown, Wishing Star Park and Shanghai Disneyland Hotel in March.
Blockbuster movies like Marvel's "Black Widow" and the live-action "Mulan" have been forced to postpone their theatrical releases while other Disney films, including "Artemis Fowl," "Frozen 2," "Onward" and "Star Wars: The Rise of Skywalker" have gone straight to the company's streaming service, Disney+, which has surpassed 50 million subscribers.
“While the COVID-19 pandemic has had an appreciable financial impact on a number of our businesses, we are confident in our ability to withstand this disruption and emerge from it in a strong position,” Chapek said in a statement. “Disney has repeatedly shown that it is exceptionally resilient, bolstered by the quality of our storytelling and the strong affinity consumers have for our brands, which is evident in the extraordinary response to Disney+ since its launch last November.”
Executive Chairman Bob Iger announced earlier this year that he will forgo his salary while Chapek has taken a 50 percent cut.
The Impact of Coronavirus on China's Economy Is Only Just Beginning
Last year, Bi Chao made an investment that he thought would ensure a comfortable living. He plowed 200,000 renminbi (about $28,000) into buying hundreds of exotic animals—chiefly bamboo rats and porcupines. He planned to breed them on his farm in southwestern China’s Yunnan province, hoping to profit from his affluent compatriots’ penchant for dining on weird and wonderful wildlife.To get more latest china economy news, you can visit shine news official website.
But then came the COVID-19 pandemic, which experts believe began when a previously unknown virus jumped from an wild creature—possibly a snake or pangolin—to humans at a wet market in the central city of Wuhan. It has since rampaged across the globe, sickening almost 2.5 million and killing around 170,000, and has prompted the Chinese government to ban the rearing and sale of exotic animals.
Bi’s farm is one of nearly 20,000 in China raising rare species, including civet cats, peacocks, boar and ostriches, that have been forced to close. (According to a 2017 report by the Chinese Academy of Engineering, the industry was valued at $73 billion.)
The 37-year-old says he has no choice but to keeping feeding his animals at a loss in the hope that the government reverses or relaxes its ban soon. Still, he remains on the verge of bankruptcy.
“My parents’ health is not good, and I have a seven-year-old daughter who has just started school,” he tells TIME. “I thought I was ready for 2020, but now I’m in massive debt. How can I get through this?”
The livelihoods of breeders like Bi are among those most directly affected by coronavirus, though workers across every sector will be asking similar questions as hardships cascade. Even as official infection figures drop to double-digits daily, economic data released Friday reveals China’s economy contracted 6.8% in the first quarter of 2020, during which some 460,000 Chinese firms closed. Registration of new firms fell 29% year-on-year between January and March.
It’s the first recorded contraction in China since before Mao-era collectivization was abolished in the late 1970s. But analysts agree that even the 6.8% figure is extremely optimistic (as Beijing’s official figures tend to be). By comparison, JP Morgan is predicting that the U.S. economy will contract by 40% in the second quarter of the year.
Getting China’s economy revving again is not as simple as flicking a switch. Containment measures to prevent the spread of COVID-19 mean hundreds of thousands of workers are stranded far from factories. Production also been interrupted by the shelter-in-place measures that currently apply to half of humanity. Factories that have reopened have been forced to reduce capacity, or even close again, due to cratering demand for Chinese exports.It’s a dire picture that bodes badly for the global economy. Last week, the IMF estimated that global GDP will shrink 3% this year—compared to its pre-pandemic prediction of a 3.3% expansion—and that contraction may continue into 2021, marking the deepest dive since the Great Depression almost a century ago.
Across the Asia-Pacific region, $2.1 trillion of lost output is projected to mean 23 million people lose their jobs in 2020. Banks and lending institutions will be scrambling to roll out stimulus packages.
“A crisis of unprecedented severity calls for a response of unprecedented scale,” APEC secretariat executive director Rebecca Sta Maria said in a recent statement.
Virus pandemic affects sales of lottery tickets
Sales of the Pennsylvania Lottery’s traditional products are down as the coronavirus pandemic continues, lottery spokeswoman Ewa Dworakowski said.Get more news about 彩票API,you can vist loto98.com
As of Tuesday, she said preliminary data showed sales from scratch-offs and draw games are down roughly 25% since COVID-19 mitigation measures began.
“This is due in part to the fact that roughly 30% of the lottery’s network of approximately 9,800 retailers are closed,” Dworakowski said.
Since many essential businesses that remain open such as grocery stores, gas stations and pharmacies are lottery retailers, however, she said that helps to continue to generate funds for programs that benefit older Pennsylvanians.
These programs include property tax and rent rebates, prescription assistance, Meals on Wheels and other critical services.
Dworakowski said the Pennsylvania Lottery’s online play is up about 30% since prior weeks, she said.
That doesn’t include Powerball or Mega Millions sales online, which are reported separately. She said the online sales of those games made up about 6% of the lottery’s overall Powerball and Mega Millions sales.
Yet, traditional products remain the foundation of the lottery’s business, Dworakowski said. Nearly 70% of business comes from scratch-off sales, she said.
“While we are happy to see that growth online, a majority of our sales still comes from our traditional games and it’s important to note that the increase in online sales is not enough to offset the sales the lottery has lost on the traditional side of the business,” Dworakowski said.
The Pennsylvania Lottery’s offices are now closed amid the COVID-19 pandemic and a majority of the lottery’s staff is working remotely, she said.
Claims are still being processed and players can still receive their prize checks, however.
Dworakowski encouraged players to sign their winning tickets, make a copy of them for their records and mail them to Pennsylvania Lottery, Attn: Claims, 1200 Fulling Mill Road, Suite 1, Middletown, PA 17057 to be processed.
If players choose to wait until offices reopen to claim their prizes, she encouraged them to be mindful of the ticket expiration dates.
Wisconsin Badger 5 Lottery Tips
Lottery numbers are randomly drawn. However, randomly drawn numbers form patterns that can be tracked and used to our advantage. Having carefully analyzed all the drawings in past lotto results of more than 200 different lotto games worldwide, with histories going back as far as 1955, we have verified the following incredibly simple rule:Get more news about 菲律宾彩票包网平台,you can vist loto98.com
The key to Smart Luck's successful lotto number selection methods is playing the probabilities. If you play a pattern that occurs only five percent of the time, you can expect that pattern to lose 95 percent of the time, giving you no chance to win 95 percent of the time. So, don't buck the probabilities.
ODD-EVEN LOTTO NUMBER TIPS
When you select your Badger Five Lotto numbers, try to have a relatively even mix of odd and even numbers. All odd numbers or all even numbers are rarely drawn, occurring less than five percent of the time. The best mix is to have 3/2 or 2/3 which means three odd and two even, or two odd and three even. One of these two patterns will occur in 65 percent of the drawings.
HIGH-LOW LOTTO NUMBER TIPS
Winning numbers are usually spread across the entire number field. If we take a number field and cut it in half, we have the low half and the high half. In 31-number game like Wisconsin Badger 5, numbers 1 to 16 would be in the low half, and numbers 17 to 31 would be in the high half. All high numbers or all low numbers are rarely drawn, occurring only five percent of the time. The best mix is to have 3/2 or 2/3 which means three high and two low, or two high and three low. One of these two patterns will occur in [68"> percent of the drawings.
LOTTERY NUMBER GROUP STRATEGIES
Look at a list of past winning numbers for Wisconsin Badger 5, and you'll see, more often than not, that one or more of the number groups is not represented. For example, in the combination 5-8-14-17-31, there are no 20's. Tracking and studying Number Groups can help you decide which group to omit and which group to give extra heavy play.
LOTTERY GAMES SKIPPED STRATEGIES
List the number of games skipped (games out) since the last hit (win) for each of the winning numbers during the last five games. Then mark the number of times each skip occurred. If any skip from 0 to 5 did not occur, play the Lotto numbers that are out that many games. (Help working with lotto games skipped.)
Numbers that have been out (losers) for four games or less account for about half of the winning numbers. Losing numbers that have been out for six games or less account for about two-thirds of all the winning numbers. Numbers out ten games or less account for 85 percent of the winning numbers. This tells us that hot numbers are more likely to hit, but don't forget to include at least one long shot in your group of 5.
It is difficult to know when a cold number will end a long losing streak. If you play a number every drawing because you think it is due, you could be chasing it for many months. (Number 45 in New York Lotto sat out 100 drawings before it finally hit.) Although, when a number has been out for 70 games or so, it might be worth chasing.
Deutsche Bank Q1 earnings: German lender posts 67% fall in profits
Deutsche Bank reported a first quarter net profit of €66 million ($71.62 million) on Wednesday, significantly below the €201 million ($219 million) net profit it recorded in the first quarter of 2019. The bank has put aside €260 million ($282 million) to cope with potential loan losses that may result from the coronavirus pandemic.The bank's earnings results follow a pre-release on Sunday where it confirmed its net income figures, and that it beat analysts' estimates. Visit Business Insider's homepage for more stories.To get more news about wikifx, you can visit wikifx news official website.
Deutsche Bank has put aside €260 million ($282 million) to cover any potential loan losses from the coronavirus pandemic as the bank posted 67% lower net profit than last year in its quarterly earnings on Wednesday. Despite the sharp drop in profits, the German bank beat Wall Street Analysts' expectations. Deutsche Bank reported a net profit of €66 million ($71.62 million) on Wednesday, significantly below the €201m ($219 million) net profit it recorded in the first quarter of last year. As well as a 67% fall in net profits, the German lender also recorded a loss of $43 million attributable to shareholders.
Here are some key metrics versus Bloomberg estimates:Net income: €66 million versus €2.68 million ($2.82 million) expected.Revenue: €6.4 billion versus €5.68 billion ($6.16 billion) expected.Christian Sewing, chief executive of Deutsche Bank said: “In the current crisis, we have shown robust numbers and demonstrated strong performance in support of our clients across all core businesses.Sewing added: ”Conservative balance sheet management enables us to navigate the current environment from a position of strength as the leading bank in Europe's strongest economy.Provision for credit losses were €506 million, and the German bank earmarked €260 million ($282 million) to deal with potential loan losses that may result from the coronavirus pandemic.
Provision for credit losses taken in the quarter increased allowance for loan losses to €4.3 billion. Read more: Brad Cornell has been teaching finance at UCLA for almost 40 years. He shares the precise way he calculates the true value of the S&P 500 — and says investors need to 'be careful out there.'The bank's earnings follows a a surprise pre-release statement on Sunday, where the German bank announced its expectation that net profits would be €66 million ($72 million). Deutsche Bank has had a challenging few years months including a restructuring and steep losses. It announced last year it would be cutting 18,000 jobs last year as part of a “radical transformation” aimed at restoring consistent profitability and improving returns to its shareholders.
Sewings' $8.3 billion restructuring plan transformation involves cutting down the investment banking business and aims to cut total costs by a quarter by 2022. Shares in Deutsche Bank rose 2% as of 3:50 a.m ET at $6.85. Deutsche Bank's results came a day after Swiss banking giant UBS reported a strong first-quarter with net profits rising 40% compared to the same period last year, driven by high transaction volumes in the midst of market volatility.if you want know more,Download wikifx