;hxhk· [ipnoki · 2020. 6. 26. · 6/26/2020 unit monash week 11 newsletter: revision lectures are...

6/26/2020 UNIT Monash Week 11 Newsletter: Revision lectures are here!

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Weekly Newsletter

Semester 1, Week 11 2020

Hey !

We introduce to you the new look of the UNIT Monash newsletter!

We are continually trying to improve on how we can best meet your needs and provide relevant and useful

content for our valued members. To ensure this is the case, we now include a link at the bottom of the

newsletter for you to provide feedback to us. If you want us to cover a topic or want to tell us what you

think we are doing right, please fill it out! We want to thank you in advance for your contributions.

Our revision lectures are now here - check out the week 11 newsletter below for more details!

Events

Our revision lectures are here! We will be running our revision lecture series in the following units:

BFC3540: Modelling in Finance - 9th June

BFC2751: Derivatives 1 - 10th June

BFC2140: Corporate Finance 1 - 11th June

Stay tuned by following our Facebook Page: https://www.facebook.com/UNITMonash/

Market Insights

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Two-Faced FDIs & COVID-19’s Role in Accelerated Deglobalisation

The Financial Times (“The modern era of globalisation is in danger”, May 24) is right to argue “the current

era of globalisation is not dead but looks in ill health”. With the rise of populist nationalism such as UK’s

Brexit vote and the US election of Donald Trump in 2016, the COVID-19 risks deliver the knockout blow.

Every country will have to pay the price for increasing protectionism resulting in frailer domestic

production.

Click here to read more.

Sports Betting Pandemic

The global sports betting market was valued at approximately US $104.3 billion in 2017 and is expected to

reach US $155.49 billion by 2024. Although it is widely viewed as being a root cause of gambling-related

problems, there are many positive aspects to the industry.


Bitcoin Dominance and The Halving Event

The purpose of this article is to delve into why Bitcoin is the single most buzzed about cryptocurrency, to

discuss what Bitcoin’s halving entails, and how the past halvings have affected the global cryptocurrency

market.


Investing in Antique Violins Part 3 - Liquidity

This will be a three-part series that will reflect upon my own personal experiences collecting antique

violins, and the lessons I have learnt.


Commodities Call

To help paint the picture of how COVID-19 has impacted the commodity markets, we can compare it to

other major events such as 9/11 and previous recessions.


A Primer on Cryptocurrencies

The purpose of this article is to briefly delve into the exploding topic of cryptocurrencies – specifically the

financial and economic facets of this market.


Weekly Global Breakdown


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The Australian market experienced a strong week, with the ASX200 gaining 2.99% by the weekend. The

markets were optimistic as most sports in Australia were restarting, along with most businesses beginning

to operate again at their full capacity.

The banking sector continued to lead the stock markets on its second consecutive week, with growth of

7.39%. This was on the backend of the continued reopening of the Australian economy and lockdown

easing policies. ZipPay (ASX:Z1P) announced the acquisition of US company ‘QuadPay’ which made

their stock price skyrocket on market open, as competition in the Buy Now Pay Later sector heats up.

The US market experienced a very strong week with the Dow Jones gaining 6.03% and NASDAQ

following with a similarly strong week of 2.29%. The US had a difficult week due to the death of George

Floyd starting riots across the US. The riots have been difficult for the US to deal with as many businesses

were being destroyed as looters broke in and stole products. Surprisingly this has had little effect on the

market as they continued to rally. The Dow soared on Friday by 3.15% after the unemployment figures

were 13.3% rather than the expected 19.5%.

Despite the devastation of the riots, many investors found profits by trading Griffin Corporation

(NYSE:GFF) which increased 12.85% this week. This company produces glass and was clearly a smart

investment as the riots continued to worsen. In the following week it will be interesting to see whether the

riots begin to slow down despite many citizens around the world now beginning to start their own protests

in their own respective countries.

Wednesday 03/06 – the Euro gained 0.5% and was trading at US$ 1.1226, amidst optimism over

economies reopening across the globe. The Stoxx Euro 600 rose 1.1% to 363.81, after closing up 1.6%

on Tuesday. European stocks experienced a bullish pull as investors looked past US unrest and focused

on positive economic data as global pandemic lockdowns ease. According to Michael Hewson, chief

market analyst at CMC Markets, positive spill-over from an increase in Chinese domestic consumption

has been felt globally.


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Thursday 04/06 – European stocks closed lower by almost -0.8% despite the ECB’s announcement to

expand its Pandemic Emergency Purchase Program (PEPP) by US$ 672 billion. Negative sentiments

swept the market after ECB President Christine Lagarde updated bleaker May forecasts, declaring an

economic contraction of 8.7% for 2020. The FTSE 100 index was down 0.4% trading at 6341. BP Plc and

Royal Dutch Shell Plc dropped by 0.4% and 1.1% respectively and were the biggest drags. Trader’s

sentiments were pessimistic amidst fears of a second wave of the coronavirus. The UK’s coronavirus

death toll hit 39,843 on Thursday.

Friday 05/06 – the Stoxx Euro 600 increased by 1.3%, led by a 3.3%+ in bank stocks, following

surprisingly positive US jobs data. May unemployment rates have declined to 13.3% and the US has

regained 2.5 million jobs. The EUR/USD held gains at US$ 1.1335 as the greenback weakens amidst

domestic unrest regarding the murder of George Floyd and increased US-China tensions. The FTSE 100

experienced a 2.25%+, trading at 6,484 due to positive US employment data. The Pound gained 0.3%

against the USD, breaking above US$ 1.2650 as US unrest caused the greenback to lose its safe haven

status. Both UK and EU investors will be eyeing Brexit updates. UK Chief Negotiator David Frost has

announced that this week “progress remains limited, but our talks have been positive in tone. Negotiations

will continue and we remain committed to a successful outcome”.

Tuesday 02/06 – The Nikkei 225 Index rose to 22,400 Yen, the seventh day of straight gains. The highest

gainer was Asahi Group Holdings, with a 6%+. Positive sentiments all around as Japan lifts its state of

emergency and its economy resumes to normal. The SSE Index rose 0.2% at 2,921.4. According to the

National Bureau of Statistics, China’s official non-manufacturing purchasing managers index, rose to 53.6

in May from 53.2 in April as domestic demand recovers amid government measures to maintain economic

growth.

Wednesday 03/06 – The Nikkei index experienced a slight dip as it reacted to the postponement of Xi

Jinping’s Japan trip. The trip was meant as a symbol to restore bilateral relations. Toshimitsu Motegi,

Japan’s foreign affairs minister stated that the visit should be delayed until the G7 meeting as Japan

continues to closely observe US-China relations. The USD/CNY was trading at 7.1111 Yuan. Renewed

US-China tensions and growth challenges are downside risks faced by the CNY. The PBoC will likely

control the markets by capping the renminbi.

Thursday 04/06 – The SSE Index dropped 0.14% to 2,919.25 after the Trump administration placed a ban

on Chinese passenger carriers from flying to the US as of June 16th.

Friday 05/06 – The Nikkei rose 0.74% closing in at 22,863.73 Yen amidst increased spending on food

items and computers in April. The Yen plunges lower today as risk appetite swells and a preference of

safe-haven assets declines. The USD/JYP was trading at a high of 109.76 Yen as the USD strengthened


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after it was revealed that May unemployment rates have declined to 13.3% and the US has regained 2.5

million jobs. The SSE Index rose by 0.4% to 2930.80 wrapping up its best week in two months. Investors’

sentiments are positive as many are hoping that Beijing will deliver more monetary stimulus to recover the

nation’s economy and as it faces fresh US tensions. Beijing and Washington clashed throughout the week

over the airline's operation, HK’s trade status and human rights issues. The USD/CNY was trading at

7.0908 Yuan. The USD was up from its losses after the US non-farm payroll revealed improved job

statistics.

Questions and Feedback

Questions

As we mentioned in previous emails - we started UNIT Monash with the vision of educating the student

community in investing and trading to one day strive for financial independence.

We want to create a new concept of peer-to-peer communications about investing and trading. There's a

lot of value in sharing experiences, having opinions and shedding light on new ideas. Feel free to get in

contact with us via Facebook if you have any enquiries about investment, trading or our upcoming events.

Feedback

We consistently strive to improve on how we can best meet your needs and provide relevant and useful

content for you, our valued members. If you want us to cover a topic or want to tell us what you think we

are doing right, please click here to fill out our one-minute feedback form.

We want to thank you in advance for your contributions.

Regards,

UNIT Monash

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Disclaimer

The authors of this publication are not qualified to provide financial or investment advice and as such the

content provided should not be construed in this manner. All information is intended purely for educational

purposes and is provided for the personal interest of UNIT members. The opinions expressed within the

weekly newsletter do not reflect those of UNIT as an organisation, its partners or its sponsors.

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;hxhk· [ipnoki · 2020. 6. 26. · 6/26/2020 unit monash week 11 newsletter: revision lectures are...

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