“Swissquote Bank”: “Corona” supports the increase in investments in coffee and...

Swissquote Bank Limited, a global provider of financial services and online trading, said that the Corona virus supported the increase in investments in wood, coffee and hydrogen trading, which was the biggest and best-performing gainer of investments during the pandemic.

In statements to Emirates Today, he pointed out that despite the growing demand for investment in gold and silver as safe havens during the pandemic, the performance indicators of investments in coffee, wood and hydrogen surpassed those minerals with growth indicators and attracting investors.

In detail, Shadi Kerbaj, deputy executive director of “Swissquote Bank” in Dubai, the international provider of financial services and Internet trading, which is based in the Dubai International Financial Center, said that “with the continuing outbreak of the Coronavirus pandemic in the world, and with the absence of any Signs indicating a possible slowdown in its spread. The global economy suffers from closures, restrictions imposed and unprecedented levels of unemployment. Despite the economic challenges that most major economies in the world are facing, some markets and investment fields are still high, despite the turmoil in international economic sectors.

He added that “according to the indicators of a recent market study, a number of investment sectors have challenged the repercussions of (Corona) and recorded remarkable growth during the pandemic period, the most prominent of which is the investment in certificates for trading in wood, which has achieved annual gains of 143% since the beginning of the pandemic, outperforming that of Other commodities, except for rhodium, which is one of the rarest metallic elements in nature, and one of the six metallic elements in the platinum group.

Kerbaj pointed out, that «the high demand for trading in the commodity of wood may be due to the most prominent reasons, the most prominent of which is that central banks around the world are still printing cheap money with historically low interest rates. They supported relatively cheap mortgages, which led to an increase in home sales to both homeowners. The new and the current ».

He said that “coffee was one of the agricultural commodities that recorded great profits in its investments during the pandemic, and which enjoys tangible growth, so that its price rose 42% on an annual basis since the beginning of the pandemic, and consumption was driven by increased demand from consumers, especially since many are working from home because of The epidemic, as the supply chain blockages led to higher prices ».

He pointed out that «with the weak global demand for fossil fuels during the recent period, investments in the renewable energies sector gained more momentum, and the hydrogen economy achieved a remarkable rise. We have witnessed a growth of 55% in certificates of investment in the hydrogen economy from Swissquote Bank since March» , Pointing out that «with the rise of the world’s commitment to clean energy, it is expected that the value of the global hydrogen economy will reach $ 2.5 trillion by 2050.»

He added, “With these times of economic instability, investors’ appetite for investing in precious metals such as gold and silver is increasing in order to find a safe haven for their investments and hedge against market fluctuations, but what is surprising is that these commodities were not the best performing in the market despite their apparent attractiveness. It was outperformed by investment tools and commodities in wood, coffee and hydrogen.

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