Wealth Coaching

Author & Speaker


About Me

Site Map

Karen Newton International
Market Report 29th June 2020
Share Market
Book Reviews
December, 2019
January, 2020
February, 2020
March, 2020
April, 2020
May, 2020
June, 2020
July, 2020
August, 2020
September, 2020
October, 2020

Market Report 29th June 2020

My round up of what has happened in the markets for the past week.



Intu, the company owning 14 shopping malls in England and Scotland went into administration as shops failed to pay their rent on their units.  Intu reportedly received on 13% of the quarterly rents due.

The collapse of Wirecard with their assets being frozen worldwide by regulators has major global repercussions.  Wirecard provides a money processing platform and risk management system to so many international companies , pre-paid credit cards, mobile phone payments and online shopping carts that the fallout and losses to consumers could be enormous.



The IMF (International Monetary Fund) issued a warning to share investors about a 2nd Coronavirus Wave as it believes investors and trades have lost all reality and share markets are not reflecting the true economic situation

Facebook took a hammering on share markets on Friday.  It lost USD56 billion in value as leading companies withdrew advertising from Facebook over its failure to control hate speech

Amazon purchases start up company Zoox for $1.2 billion as it continues its acquisitions into the autonomous vehicles market.



Gold – following the IMF warning about the share market the Gold World Council recorded 975,000 ounces of gold was bought through EFTs in 1 day of trading.  A record.  This resulted in gold hitting its highest value since 2012

Silver – ration remains high at 08.51 meaning silver continues to be undervalued and still offers good investment opportunities

Oil – prices which had been recovery since Covid-19 lockdown collapse having reached $40 a barrel pulled back to $38 a barrel on Friday.  This was due to US increases in virus numbers causing governors in 2 US states (Florida and Texas) to start reinstating lockdown measures.  Texas announced the closure of bars, cafes and restaurants.

California passed legislation forcing all trucks to have zero emissions by 2035.  This will be implemented through incremental steps starting in 2024.



The global economy remains fragile and extremely volatile.  For me, physical holdings of gold and silver bullions still remain the best investment options at present.

For more information about bullion investing watch the video below

<< Back Add New Comment
0 items total
Add New Comment
Please type the confirmation code you see on the image*
Reload image

Wealth Coaching
Author & Speaker
About Me
Site Map