Saxo Bank expects 10 financial market events in 2021
A recent report by Saxo Bank, a global specialist in facilitating the trading of multiple assets in capital market products and services, revealed the top 10 expectations that shock the financial markets during the next year 2021, indicating that these expectations include helping Amazon to reformulate Cyprus tax law to match Ireland's tax law, Germany's intervention to extricate France from its financial distress, the spread of blockchain technology in the media, which reduces the spread of fake news, and the launch of a new Chinese digital currency that stimulates a shift in capital flows.
The report pointed out that the expectations also include the launch of a technological design that pushes humanity towards an abundance of energy, and wide effects on the expansion of cities due to remote work techniques, in addition to the establishment of technology funds that transfer part of the ownership of capital assets to everyone, indicating the success of the Covid vaccine. 19 What will happen is a sharp rise in the economy, with which inflation rates will rise and unemployment will decrease very quickly.
The report added that expectations include an increase in demand for silver with the increase in demand for solar panels, in addition to the spread of the next generation of technology that is strongly stimulating the frontier and emerging markets.
The bank's director of investment affairs, Steen Jacobsen, said in a teleconference yesterday that the bank's tough outlook report cannot be considered as the official market outlook for 2021, but it does represent a warning of the potential distribution of risk among investors who do not believe these events are possible. Only 1%.
He added, "The strict expectations report for 2021 showed the impact of the Covid-19 pandemic and the painful electoral cycle in the United States of America, and its role in making a quantum leap towards the future, which led to the acceleration of various basic social and technological trends. In other words, 2021 will be a year in which the future is already realized." Shocks in 2020. He pointed out that this year witnessed the fastest decline and recovery of markets in history, in addition to the explosion of central bank budgets and the financial deficit at an unprecedented rate.
Jacobsen said that 2021 will bring the beginning of a test of reality, and the idea that expansion and pretense can continue indefinitely, even when markets were pricing on that very forecast.
Noting that the Covid-19 pandemic has accelerated all major trends, the structural transformation in the labor market came at the top of the list.
He added, “The economic pie will be greater overall - and even per capita, where the concept of universal basic income will be applied, which will lead to a new way of living with new priorities. The hands of monopolists and rentier positions.
He pointed out that one of the main factors for this future is the increase in per capita availability of energy, with the absence of almost any negative impact on our natural resources, and the availability of sufficient additional outputs to operate advanced technological systems such as advanced artificial intelligence and quantum computing.
This would prevent any future repercussions from the risks of the pandemic, and deal with fabricated news via blockchain technology.
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