Global Matters Weekly – 3 August 2020

Spaghetti Western
by Lorenzo La Posta

“Year 1862: amid the chaos of the American Civil War, the three gunslingers Blondie, Angel Eyes and Tuco (a.k.a. the Good, the Bad and the Ugly) are competing to put their hands on a buried cache of gold, but onl– “…wait! I got it wrong. It was something like: “Year 2020: amid the chaos of a global pandemic, some industries thrive (the Good) as others go through a rough patch (the Bad), while countries, economies and societies strive to recover from their wounds (the Ugly)”. This year, the outcomes have been more extreme than most Hollywood creations. Let’s just hope there will be no sequel to this tragic period.

Market Snapshot

  • The US Dollar had its worst month for a decade
  • Moderna has begun its late-stage vaccine trial on 30,000 people in the US
  • Brent crude fell -0.1% ending the week at $43.3 a barrel
  • Gold rose 3.9% to end the week at an all-time high of $1975.9 an ounce