The UK's the worst of a bad bunch | Inditex might be ready to shop | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for June 9th in 3:15 minutes. ð® Weâre not playing around with this next event. Join Digital Development Managementâs John Sutyak for [How To 1UP Your Portfolio With Video Games]( on Thursday, and find out how to take your investments all the way to boss level. [Grab your free ticket]( Today's big stories - Two major economic organizations lowered their growth expectations for this year
- With signs emerging that stocks might be about to rally, here are the ones that could benefit most â [Read Now](
- Inditex reported booming quarterly profits Dark Days [Dark Days] Whatâs Going On Here? Not one, but two major intergovernmental economic organizations [slashed]( their forecasts for global economic growth this week. What Does This Mean? The OECD and the World Bank werenât exactly in good spirits when they [gave]( their 2022 forecasts in December and January, and it goes without saying that a lotâs happened since then. Just a recap in case youâve been off the grid: the Ukraine war has driven up the price of energy and food across the world, while Chinaâs zero-Covid policy has disrupted international trade. So things were only going to go one way: the OECD has now downgraded its global economic forecast from 4.5% to 3%, and the World Bank from 4.1% to 2.9%. Both of them put it down to skyrocketing prices, with the OECD even near-doubling its inflation forecast for its member countries in 2022. Why Should I Care? The bigger picture: Brits are in theâ¦
As for next year, the OECD is expecting the global economy will grow just 2.8%. But its outlook for one country is particularly dire: the organization doesnât [think]( the UK economy will grow at all. Thatâs because its inflation rate is higher than most other advanced economies, meaning itâll need to raise interest rates faster to keep prices under control. That and rising taxes will put a dampener on spending, which could cripple the UKâs growth. In fact, only Russia â hobbled by sanctions â is set to perform worse among the G20. Zooming out: It could be worse.
The OECD did say that it was more hopeful that we wouldnât see [stagflation]( â the combination of high inflation, low growth â on the scale that we did in the 1970s, when an oil price surge led to runaway prices and severe unemployment. It pointed out that developed economies are driven more by services than by energy these days, while central banks â now mostly independent from governments â are freer to make tough decisions to tackle inflation. You might also like: [Elon Musk has a âsuper bad feelingâ about the economy. Hereâs why you shouldnât.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Dark Days&utm_campaign=daily-global-09-06-2022&utm_source=email) Analyst Take
Is This The Rally Youâve Been Waiting For? [Is This The Rally Youâve Been Waiting For?]( [Photo of Carl Hazeley] Carl Hazeley, Analyst Itâs hard not to feel like weâre in a state of limbo right now. After all, weâre just waiting to see if some bleak economic news will suddenly drive stocks even lower than the [13% theyâve already fallen]( this year. Or maybe weâre hoping for [something]( to suggest thereâs life in the old stocks yet, giving us a glimmer of hope for some much-needed gains. Well, it turns out there might already be [a few encouraging signs](, as well as [a handful of stocks]( that could benefit most if this bounceback does come to pass. So thatâs todayâs Insight: the signs of life in the stock market, and [the stocks and ETFs you could buy into to profit](. [Read or listen to the Insight here]( SPONSORED BY Q.AI Same markets, less risk Predicting market movements is hard, and profiting from them is even harder. Thatâs why Q.ai is rolling out â[pair trades](â, which combine long and short positions to allow you to profit based on their relative price changes, not overall market conditions. Q.aiâs [Gas Spike Kit](, for one, goes long on gasoline and bets against crude oil. So it doesnât matter if the market rises or falls: all that matters is the relationship between gasoline and crude. This is all because [Q.ai]( prides itself on being the app for modern investors, giving you easy access to Wall Street strategies and [one-tap trades](. Find out more about pair trading today: [check out Q.ai](. [Discover Q.ai]( All displayed performance are hypothetical returns and do not include advisory fees or transaction costs . This information is being furnished solely for informational purposes ONLY. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No representation or warranty can be given with respect to the accuracy or completeness of the information, and is subject to updating, revision, and amendment. Past performance is not a guarantee of future performance returns. This material does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell, any security. This does not constitute and must not be construed as investment advice. Q.ai offers advisory services through Quantalytics Investment Advisors, LLC (âQIAâ), a registered investment adviser. Advisory services are only offered to clients or prospective clients of QIA. Investing involves risk and possible loss of principal capital. Potential investors must rely upon their own examination of the merits and risks involved. Moneybags [Moneybags] Whatâs Going On Here? Inditex â the worldâs biggest clothing house â [announced]( on Wednesday that it finally made more in profit last quarter than it did before the pandemic. What Does This Mean? Letâs face it, the dream is over: you had no choice but to start wearing pants â or as we call them, leg prisons â once lockdowns came to an end. So youâve been rushing in your droves to the likes of Massimo Dutti, Pull&Bear, and fast-to-market brand Zara, which helped parent company Inditex bring in 36% more revenue and 80% more profit last quarter than the same time in 2021 ([tweet this](). Demand was so high, in fact, that Inditex was able to navigate two potentially disastrous pitfalls. For one thing, it was able to offset the 24% rise in operating costs by upping its prices without losing customers. And for another, its strong showing in the UK, the US, and Europe made up for the closure of over 500 stores in Russia â its second-biggest market by real estate. Why Should I Care? Zooming in: If you canât beat âem, buy âem.
Despite a tough time during the pandemic, Inditex has now amassed a cash pile of around $10 billion. And while hoarding cash has always been part of its playbook, analysts are [speculating]( that it could be eyeing a big purchase in the form of struggling German online retailer Zalando. That could be a shrewd move, both because it would eliminate a competitor and allow Inditex to profit from the companyâs digital know-how. It wouldnât break the bank either: Zalandoâs shares have halved in value since January. The bigger picture: Inditex goes shabby chic.
Fast fashion and the environment arenât exactly happy bedfellows, but Inditex is trying to change that: the company [agreed]( last month to buy 30% of the recycled fiber produced by Finlandâs Infinited Fiber Company for three years in a deal worth $100 million. Itâs all part of a broader push toward more sustainable materials that should see Inditex making outfits entirely out of clothing waste from 2024. You might also like: [Fast fashion is out. Pre-owned fashion is in.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Moneybags&utm_campaign=daily-global-09-06-2022&utm_source=email) ð¬ Quote of the day âEverybody talks about the weather, but nobody does anything about it.â â Charles Dudley Warner (an American essayist and novelist) [Tweet this]( SPONSORED BY THE ASCENT Thatâs what we call a credit card Plenty of cards give you one good reward. [This card]( gives you three. - Unlimited cash rewards. You can earn [unlimited cash rewards]( when you spend on your card, no strings attached.
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ð [What To Do In A Declining Market?](: 7pm, June 16th ðª And Then After That⦠ð [The Impact Of Web3 On Music, Culture, And Community](: 12pm, June 17th
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ð¡ [Tokenizing Real Estate](: 6pm, September 13th ð¯ On Our Radar - Sorry, Apple. The EU says you need to [change your chargers](.
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- California needs more goats. At least if the state wants to fix its [wildfire problem](.
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