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Germany’s economic recovery loses momentum as daily cases spike above 5,000

Germany’s economic recovery loses momentum as daily cases spike above 5,000

  • Germany’s growth prospects for 2020 are looking increasingly bleak, with the country’s leading economic research institutes downgrading GDP forecasts for 2020 and beyond.
  • Publishing a joint economic forecast Wednesday, Germany’s leading economists warned that the coronavirus pandemic is leaving what they called “substantial marks” on the German economy.
  • The impact of the virus “is more persistent than assumed in spring.”



a person holding a sign: Advertising figures with a protective face masks in Munich, Germany.


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Advertising figures with a protective face masks in Munich, Germany.

Germany’s economic prospects for 2020 are looking increasingly bleak, with the country’s leading research institutes downgrading GDP (gross domestic product) forecasts for this year and beyond.

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Publishing a joint economic forecast Wednesday, Germany’s prominent economists warned that the coronavirus pandemic is leaving what they called “substantial marks” on the German economy, adding that “its impact is more persistent than assumed in spring.”

They revised their economic outlook downward by roughly one percentage point for both 2020 and 2021. They now expect GDP to fall by 5.4% in 2020 (lower than a previous -4.2% forecast) and to grow by 4.7% (less than a previously forecast 5.8%) in 2021, and 2.7% in 2022.

The “Joint Economic Forecast” is published twice a year on behalf of the German Economy Ministry and is prepared by the German Institute for Economic Research (DIW Berlin) and the Ifo Institute in Munich, as well as several other organizations.

They said the downgrade follows a more pessimistic assessment of the recovery process. “Although a substantial part of the drop in output experienced in spring has already been recovered, the remaining catch-up process is the more difficult part of the return to normality,” Stefan Kooths, head of forecasting at the Kiel Institute, said on the outlook.

The downgrades are not surprising given a second wave of coronavirus cases that is ravaging Europe and

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Is the Options Market Predicting a Spike in AcelRx (ACRX) Stock?

Is the Options Market Predicting a Spike in AcelRx (ACRX) Stock?

Investors in AcelRx Pharmaceuticals, Inc. ACRX need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 20, 2020 $2.50 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?   

Clearly, options traders are pricing in a big move for AcelRx shares, but what is the fundamental picture for the company? Currently, AcelRx is a Zacks Rank #3 (Hold) in the Medical – drugs industry that ranks in Bottom 24% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimates for the current quarter, while none have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from a loss of 11 cents per share to a loss of 7 cents in that period.

Given the way analysts feel about AcelRx right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Looking to Trade Options?   

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Is the Options Market Predicting a Spike in Gulfport Energy (GPOR) Stock?

Is the Options Market Predicting a Spike in Gulfport Energy (GPOR) Stock?

Investors in Gulfport Energy Corporation GPOR need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 15, 2021 $1.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?   

Clearly, options traders are pricing in a big move for Gulfport Energy shares, but what is the fundamental picture for the company? Currently, Gulfport Energy is a Zacks Rank #1 (Strong Buy) in the Oil and Gas – Exploration and Production – United States industry that ranks in Top 34% of our Zacks Industry Rank. Over the last 60 days, three analysts have increased their earnings estimates for the current quarter, while none have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from a loss of 21 cents per share to a loss of 20 cents in that period.

Given the way analysts feel about Gulfport Energy right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move

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TIO warns of hardship spike after NBN financial assistance winds up

TIO warns of hardship spike after NBN financial assistance winds up

More consumers are expected to experience hardship in paying their National Broadband Network (NBN) bills as Australia’s telcos look to eventually turn off the tap for financial support, a Telecommunications Industry Ombudsman (TIO) representative told a Senate committee on Friday.

Standing before the Joint Standing Committee on the National Broadband Network on Friday, TIO Judi Jones said the financial support given by government and industry had stalled any potential uptick of complaints that the agency expected from consumers.

“We’ve waited to see an increase in complaints about hardship and problems paying a bill — we think that will come, but by the end of the year it wasn’t showing up as a particular issue. It was starting to rise but it actually dropped off as an important issue in the pandemic because of financial support,” Jones said.

“We are anticipating, as government and providers wind back support measures, we’ll see more hardship issues for residential and small business consumers,” Jones said. 

She noted, however, that there has been a 1,500% increase of consumer complaints during the most recent quarter in the category of being unable to contact internet providers when experiencing connection issues.

The latest report by the TIO, released in July, had revealed there was a direct correlation between the coronavirus pandemic, and the complaints it received between March and June 2020. 

The TIO’s systemic investigation report uncovered that there was an increase in complaints from mid-March by consumers about not being able to contact their providers. By early April, the average number of daily complaints by consumers being unable to reach their providers peaked at 130.

“What we did see in their complaints that came to us was the impact was more important for consumers, so not having a working internet service impacted not just watching Netflix in

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Is the Options Market Predicting a Spike in Evolus (EOLS) Stock?

Is the Options Market Predicting a Spike in Evolus (EOLS) Stock?

Investors in Evolus, Inc. EOLS need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 20, 2020 $4.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?

Clearly, options traders are pricing in a big move for Evolus shares, but what is the fundamental picture for the company? Currently, Evolus is a Zacks Rank #2 (Buy) in the Medical – Products industry that ranks in the Top 48% of our Zacks Industry Rank. Over the last 60 days, three analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has narrowed our Zacks Consensus Estimate for the current quarter from a loss of 68 cents per share to a loss of 50 cents in that period.

Given the way analysts feel about Evolus right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Looking to Trade Options?

Check out the simple yet

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