Market Movements and Their Impact on Global Investments: In today’s news report, we examine the key developments in global markets.
We examine how crypto startups continue to attract investments despite a market slowdown.
We also review the International Energy Agency’s revision of oil refinery profit estimates and,
finally, the impact of MSCI’s reduction of China’s weight in its indices on the Chinese economy.

Contents

Crypto Companies
International Energy Agency

MSCI

Crypto Companies Raise More Funds Despite Market Slowdown

Crypto startups raised more funds but closed fewer deals during the second quarter of the year,

reflecting a broader slowdown in the crypto asset world.
Data from PitchBook reveals that venture capital investments in
crypto companies reached $2.7 billion in the three months ending in June,
a 2.5% increase from the first quarter but a 9.8% year-over-year decline.

International Energy Agency Cuts Refinery Profit Estimates After Methodology Adjustment

The International Energy Agency significantly lowered its profit estimates for oil refineries.
This comes after it announced changes to its methodology for calculating processing margins starting in 2020.
The new method includes regional utility costs but does not account for all energy or other significant expenses.

MSCI to Reduce China’s Weight and Exclude Dozens of Stocks from Its Indices

MSCI continues to exclude Chinese company stocks from its indices, and it plans to remove 60 companies this month.
This move will pave the way for a further reduction in China’s share in a major emerging markets index.
The changes highlight pessimistic expectations for the world’s second-largest economy,
as Chinese stocks risk losing their presence in emerging market asset portfolios.

Market Movements and Their Impact on Global Investments

Market Movements and Their Impact on Global Investments

Related Topics