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MSCI's broadest index of Asia-Pacific shares outside Japan MIAPJ0000PUS rose 0.5% to reach its highest since March 2018, extending a 2.8% gain last week.
Chinese blue chips CSI300 firmed 0.7% to reach levels not seen since mid-2015. Surveys showed Chinese manufacturing activity edged back a tick to 51.0 in July, but services jumping a full point to 55.2 in a hopeful sign of reviving consumer demand. futures for the S&P 500 ESc1 climbed another 0.5%, while EUROSTOXX 50 futures STXEc1 added 1%.
Tokyo's Nikkei N225 rallied 1.9% aided by news Warren Buffett's Berkshire Hathaway (NYSE: BRKa ) BRKa.N had bought more than 5% stakes in each of the five leading Japanese trading companies. Nikkei had dipped on Friday after Prime Minister Shinzo Abe's resignation stirred doubts about future fiscal and monetary stimulus policies.
Those concerns were eased somewhat by news Chief Cabinet Secretary Yoshihide Suga, and a close ally of Abe, would join the race to succeed his boss. A slimmed-down leadership contest is likely around Sept. 13 to 15. was now on a host of Federal Reserve officials that are set to speak this week, kicking off with Vice Chair Richard Clarida later Monday as they put more flesh on the bank's new policy framework.
3D rendering is a two-dimensional representation of the 3D wireframe model and has grown considerably due to the growing applications across several industries. It is also used in the construction industry, where a 3D model of architecture or an interior design plan is provided to the consumers. The 3D rendering services are rapidly gaining traction as a result of several benefits like cost-effective pricing, superior quality, availability of software & infrastructure, etc. In recent years, 3D rendering has become one of the essential tools for designers. The digital advancement in the construction sector has resulted in increased adoption of 3D rendering services. 3D interior visualizations aid the designers in providing essential presentations to their clients.
The 3D rendering market also entails significant demand for customized solutions.Thus, vendors are offering more innovative solutions to help companies further reinforce their positions in the overall market.
However, the lack of skilled professionals and a general lack of knowledge is hindering the growth of the market.The latest trend of cloud deployment and services is evaluated to be beneficial for the market growth.
The geographical segmentation of the global 3D rendering services market includes the market analysis of Europe, North America, Asia Pacific, and the rest of the world. As of 2019, the North American market region dominates the market with a revenue share of 37.47%. The revenue share aspect of the market region is credited to the flourishing construction sector and the rising utilization of 3D rendering services for marketing activities in the construction sector.
Some of the renowned companies operating in the market are Adobe Inc, Autodesk Inc, Flatworld Solutions Pvt Ltd, Corel Corporation, 3D Animation Services, etc.
State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company. STFC stock is traded on the NASDAQ Global Select Market, which represents the top fourth of all NASDAQ listed companies.
The insurance subsidiaries of State Auto Financial Corporation are part of the State Auto Group. The State Auto Group markets its insurance products throughout the United States, through independent insurance agencies, which include retail agencies and wholesale brokers. The State Auto Group is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation
China’s recovery had been gaining momentum after the pandemic paralysed huge swathes of the economy as pent-up demand, government stimulus and surprisingly resilient exports revived activity.
However, July data from the National Bureau of Statistics on Friday showed weaker-than-expected year-on-year industrial output growth and retail sales extending declines into a seventh straight month. That was slightly offset by firmer property investment, which showed recent stimulus was supporting construction.
Some analysts attributed the loss of momentum in the economy to the torrential rains that have flooded Southern China since June and several fresh COVID-19 outbreaks that led to partial lockdowns.
“Although there could be a modest rebound in some investment activities if the floods subside in coming months, we expect sequential recovery momentum to get weaker in H2,” Nomura analysts said in a note, citing factors such as receding pent-up demand, diminished chances of more policy easing and rising U.S.-China tensions.
Industrial output grew 4.8% in July from a year earlier, in line with June’s growth but less than a forecast 5.1% rise.
Retail sales dropped 1.1% on year, missing predictions for a 0.1% rise and following June’s 1.8% fall.The decline in retail sales was broad based with garments, cosmetics, home appliances and furniture all worsening from June.A key exception was auto sales, which surged 12.3%, turning around from a 8.2% fall in June.
“Despite narrowing declines in investment, consumption remained weak, highlighting the lasting economic shock from the coronavirus pandemic,” said Zhang Yi, chief economist at Zhonghai Shengrong Capital Management.
“Given we are likely to see a resurgence of COVID in the autumn and winter, it is not recommended that monetary policy be tightened too prematurely and fiscal policy stay insufficient.”
But, even while China’s rise is largely perceived as positive in emerging economies, there are pockets of discontent. First, even in the nations that welcome China’s economic growth, few feel similarly about its growing military might. Rather, most tend to view China’s growing military as something bad for their own countries. Second, China’s neighbors generally take a much more negative stance toward China’s military and economic growth than other countries surveyed. For example, in the Asia-Pacific region, more tend to see investment from China as a potential liability, giving Beijing too much influence over their economies. These same countries are also more likely than others to see U.S. economic influence in their country positively. And, when it comes to developed countries, views of China are much more mixed to negative. Generally, countries with stronger human rights records and lower levels of corruption tend to be much less keen on China.
When it comes to comparisons with the United States, generally speaking, China’s economic influence is seen in similar or even slightly more positive terms. Most publics are about equally sanguine about the state of their country’s bilateral economic relations with China and the U.S. Majorities in most nations also say both the U.S. and China have a great deal or a fair amount of influence on their country’s economic conditions. But, when rating that influence, more people say China’s is positive than say the same of the U.S.
Throughout this report, there are times when we will report 34-country medians and times when we will report 16-, 17- or 18-country medians. This year’s annual survey focused heavily on European public opinion three decades after the fall of communism. Because European respondents were already being asked so many region-specific questions, we did not ask them the entire suite of questions about China and the global balance of power that were asked in other regions.
Throughout the report, data is reported for all countries where the question was asked, so any differences in the number of countries presented in a given section stems from some publics not being asked certain questions.
More still name the U.S. as the foremost economic power than say the same of China. For example, across every country surveyed in Latin America and sub-Saharan Africa, as well as many in the Asia-Pacific, people name the U.S. as the top economy. In the U.S., by a 50%-32% margin, Americans name their own country as the leading economic power, though there are stark partisan differences in these evaluations, with Republicans and Republican-leaning independents being more likely to name the U.S. than Democrats.
EUR/USD has repeatedly fallen back from the 1.1900 area, after trying
to rally to higher levels. But, the pair hasn't given back much on a
quarterly basis, even after the recent sharp pullback in the US dollar -
after FOMC minutes triggered more concerns about the US job-growth and a
less dovish policy than many traders anticipated.To get more news about
https://www.wikifx.com, you can visit wikifx official website.
When we look at the EUR/USD from a multi-decade perspective, the pair
has much upside potential above the 1.1600 area - a key resistance
formed by the line joining yearly highs in 2008 and 2014, as well as
touching 2018 highs.
Also, Bloomberg report suggests the hedge funds and institutional buyers
are adding to their long bets anticipating a move beyond 1.19 to 1.2500
- 2018 high.
Helping the strength in the EUR/USD will be the hedging requirements
from dollar investors who sense more trouble ahead after the latest US
job claim numbers, which unexpectedly edged up above a million. The weak
data has checked the US dollar bounce post the FOMC disappointment for
pro-risk currencies.
The dollar has declined in value since the Fed started its expansionary approach to revive a coronavirus-stricken economy.
Less favorable jobless claims and worries about business confidence
means the central bank has to spend more to revive the economy. Such a
dovish approach is fundamentally a bearish act for the dollar - as the
funding for the stimulus is by selling more and more Treasury notes and
bonds, affecting their yield and the greenback.
Strengthening of the euro at the expense of the US dollar might also
reshuffle the pecking order in the world currency market, which
considered the dollar as a safe-haven along with Japanese Yen and Swiss
Franc.
· ECB Intervention
If the euro attracts more fund flows away from the dollar, ECB might
have difficulty in meeting its inflation target. Chances of ECB
intervention means traders might consider a move beyond 2008 high to be
of less probability.
The ECB July meeting minutes are in favor of the EUR/USD bullish
sentiments as 1.35 trillion-euro quantitative easing program has less
support for its full utilization; this suggests ECB actions will have
less euro value dilution in the near future.If we look at the other side
of the story, bears will point out the continuous fall of the pair for
the last two decades as a strong reason to be not optimistic on the
euro. The 2008 high of 1.5950 seems far away from the pair's current
price level. The highest EUR/USD price in 2008 starts a resistance line
passing through 1.3800 in 2014 September and January 2018 level of
1.2500. This declining price trend is bearish, and the recent months'
strength wouldn't deter a long-term EUR/USD bear.
Also, even though institutions are bullish on the euro; the Japanese
yen and the Swiss franc are enjoying much higher demand as a dollar
hedge according to Bloomberg data.
Ive shared my opinion about this U.S. presidential election in an investment speech: Oil prices may be punished once the Democratic Party is again in government. This is because firstly this Party tends to achieve economic development by low oil prices; secondly, high oil prices will benefit Russia's economy but the relation between the Party and Russia had always been poor. One of the historic slumps in oil happened when Democrat Obama announced sanctions against Russia in 2014, with the prices tumbling to $26 from the high level of $107.56.
The Democratic Party will probably rejoin to the Iran nuclear agreement once return to power, greatly easing the geopolitical tension in the Middle East. To this end, I suppose that the triumph of the Democratic candidate Bidden will trigger significant correction in oil prices.
From a general technical standpoint, over the long run, USD/ZAR has
primarily been in a substantial uptrend for several years now. We can
see multiple extended uptrends across bigger time-frames from the daily
to the monthly chart. Historically, since South Africa is, for the most
part, a developing country, any dominant currency paired against it like
the dollar usually tends to have the upper hand. Many exotic currencies
exhibit these traits. While there have been dips to the other side,
South Africa's economic problems have made its currency gradually
weaker. On the 6th of April 2020, the USD/ZAR hit an all-time high price
of R19.35, mainly due to the global Covid-19 pandemic and Moody's
downgrade ratings around that time.To get more news about https://www.wikifx.com, you can visit wikifx official website.
Since then, South Africa's currency has gotten marginally better by a
few rands, though the market hasn't forgotten this price level and may
look at passing significant milestones to get to it again potentially.
The first of those milestones would be the R17.79 price level. There was
a pullback that lasted for a few months after the record high. After
that, we started trending higher from the 22nd of July at R16.34 up to
R17.79. So, we could treat R17.79 as a potential supply zone while
R16.35 as a possible demand zone.
From the fundamental perspective, we can look at the employment figures
and the interest rates of each respective currency. The US seems to be
winning here compared to South Africa. The US economy added 1763 jobs in
July according to their Non-Farm Payrolls release on the 7th of August
2020. On the other hand, South Africa's figures are quite gloomy. For
their Q1 report in June, the unemployment percentage reached an
unprecedented all-time high of 30.10%, a 1% jump from the previous
figure of 29.1%. A slightly better jobs figure for America should give
investors and traders more impetus to have a bullish outlook on the
greenback against ZAR.
For interest rates, the Fed has firmly
remained at 0.25% for a few of their last interest rate decisions. On
the 15th of March 2020, the Fed decreased it from 1.75% to 0.25%, which
is the first time since the 2008 financial crisis it has been this low.
On the other hand, the SARB (South African Reserve Bank) has also done
something similar as they've decreased their interest rates since the
pandemic gained more worldwide attention. These efforts are partly
measures to boost both respective economies during the global pandemic
crisis. We can expect both interest rates to remain more or less where
they are in the near future since it will take quite a long time for
most of the world to recover. So we can't take advantage of any
disparities with these rates for now.
So, overall, no real short-term trading opportunities exist for
USD/ZAR. We can only look at the R17.79 level and see what the market
does should it get there. However, the easiest bias one can have with
this pair is bullish for the long term.
Forex is the largest financial market in the world, with the daily
trading volume being 5.3 trillion US dollars. It covers transactions of
all currencies in the world. There is no central exchange in the forex
market, all transactions are conducted independently by traders on the
MT4 system. And round-the-clock services are provided within 7 days in
the forex market. When trading in the time zone of a country ends, the
market may only open on the other side of the world. For example, Sydney
opens at 5:00 pm (EST); Tokyo opens at 7:00 pm (EST); London opens at
3:00 am (EST); and NewYork opens at 8:00 am (EST). The closing time of
the NewYork market coincides with the opening time of Sydney. Therefore,
transactions can be made at anytime.To get more news about https://www.wikifx.com, you can visit wikifx official website.
Forex transactions require a high execution speed, because
transactions need to be done immediately. Traders can adjust their
transactions with the change of the market. The quotations traders get
are always based on the real-time market. In addition, traders only need
to pay spread fee, due to the fierce competition in the market, which
causes most brokers to offer fairly low spread.
A Futures contract
is a kind of financial agreement between a buyer and a seller for
delivering a commodity at a certain time in the future. And the buyer
buys a futures contract, which means that he agrees to buy a commodity
at a fixed price in the future, and the seller must sell it at the
agreed price. The delivery date can be a week, a month, a quarter or
even a year. Traders in the futures market can also trade in both
directions.
Compared with the forex market, the futures market is much smaller,
with an average daily trading volume of about $50 billion. Therefore,
the liquidity of futures is much smaller than that of the forex market.
Unlike forex, futures transactions must be conducted in trading centers.
CME, the Chicago Mercantile Exchange, has the most traded futures
contracts. In addition, Intercontinental Exchange (ICE) and European
Futures Exchange (Eurex) are also exchanged with a large trading volume.
The delivery price of futures trading is uncertain. Futures trading
usually does not take place immediately, so it is difficult for traders
to know exactly how many goods they can buy or sell.
In the futures market, investors need to pay spread fees, commission
fees, settlement and exchange fees. These fees can accumulate quickly
and will consume traders profits eventually.
WikiFX suggestions: If you are preferring simple trading, it is more
appropriate to choose forex than futures. The forex market has high
liquidity and its openness to retail traders can provide a fairly good
investment environment. The retail traders of futures account for
relatively few, and its high risk makes the futures market more suitable
for investors with certain trading experience. Whether you decide to
trade forex or futures in the end, the most important thing is to make a
trading plan, strictly follow the principles, and stick to it.
In the design industry, it is very important to acknowledge the fact that customers’ preferences and needs are constantly changing, as are the markets. If you want to land new deals and run a healthy interior design business, you have to adapt to this changes and deliver what is expected of you.To get more news about design rendering services, you can visit https://www.madpainter.net official website.
One of these things is 3D rendered interior design. Supported by
affordable technologies, both in software and hardware departments, 3D
rendering is no longer reserved for big design companies only. Today we
are going to talk more about it and why it is becoming a standard to
offer 3D rendered interior design to your clients.
Interior design is a very distinctive niche in the design industry.
Interior designers also have a great responsibility. After all, they are
the ones that design the space people are going to spend most of their
day in. This is why the clients want to see and feel how the interior
would look like before they decide to give it a go.
When compared to the other methods of displaying interior design sketches and drawings, nothing can compare to the 3D rendered interior design. Clients can clearly see what the interior will look like, experience the textures, and explore the colors. If you decide to use 3D rendering in your operations, you will also be able to show them how the ambient looks with natural and artificial lights.It’s very common for clients to seek advice from several different interior design companies. The best design is not necessarily the one that wins them over to chose your company. As in any other industry, customers expect to be impressed. Your sketches and drawings, no matter how precise and great they are, won’t be able to win more clients over than 3D rendered interior designs.
3D images allow people to experience the space in a more natural way. They can see how everything aligns and easily picture it in space. This is one of the main reasons why we see 3D rendered interior designs becoming a standard in this niche.
Plus, you will be able to publish your designs online and use them as marketing material to impress more prospects and become a more attractive option on the market.We have intentionally left the heading to spell out this important message because, as in any other industry, in design companies don’t want to be left out and lose clients. As soon as the design companies started using 3D rendered interior designs, many followed.
This is not only because the competition started doing it, but because 3D rendered designs provided them with great results. Fortunately for everyone, the software and hardware needed for these projects became affordable. This is great news for small interior design businesses striving to make a name in a volatile market.The next in line is convenience. Despite the industry you are in, you have to do all in your power to make everything more convenient for the clients. “Can you come down to our offices to check out the interior designs that we have prepared for you?”, is a question that is more complex to answer today than it was just 10 years ago.
We all live busy lives and can't afford to go across town to visit the agency just to look at the sketches we might or might not like. With 3D rendered interior designs, you can do whatever you want. Send them over email, messaging app on a smartphone, upload them on a social network.
On top of that, you’ll be able to extend your reach and start designing for clients who are not in your vicinity and send them 3D rendered images in few simple clicks.