DoorDash
The year 2021 was financially excellent for DoorDash. Even though the economy in the world and in America has begun to recover, and people have gone to work, they prefer to eat in restaurants rather than sitting at home in prison. Let's talk about the company in a little more detail to understand what this growth is related to.
On the way with the pandemic
The food delivery service DoorDash has greatly benefited during the pandemic. Due to a series of difficult lockdowns, people were forced to order many goods and products at home. Moreover, it is the simplest, ordinary and average citizens who have many relatives and friends to tell how efficiently, quickly and conveniently the delivery company works.
Another growth catalyst is the restaurants themselves. The latter simply could not lose their customers even in lockdown conditions, and delivered their favorite dishes to their homes again using DoorDash services.
A no less significant step into the future was the multifaceted cooperation with a huge number of enterprises from different fields of activity. That is, not only with restaurants and other public catering as a result, the company worked, it began to deliver a variety of goods, ranging from groceries, ending with food for pets and many others.
The demand for the services of the service grew at a tremendous rate. Since 2018, the company's revenue of $291 million has reached $2.9 billion in 2020. By the report for the 4th quarter of 2021, this indicator promises to be even higher.
However, it was not possible to do without losses. On the 3rd quarter of 2021, the company received them in exchange for $313 million, which is significantly higher than in the same period of 2020.
Payment for comfort
In the last few years, DoorDash has really amazed others with its growth rate. In the period 2018-2019, the company has already shown outstanding results, and in 2020 it tripled those that were. In addition, the momentum remained strong in 2021.
Thus, according to the reports of the 3rd quarter of 2021, the company's revenue reached 3.6 billion dollars, and this is 89% higher than in 2020. The growth is really impressive, and considering the newly opened doors of the restaurant business, it remains really serious.
The basis of this growth is the level of comfort that the company offers to its customers. The latter are absolutely sure that the quality, speed and diversity of services offered by DoorDash is worth the money spent.
In this case, the main goal of the enterprise is not only to continue what has been started, but also to demonstrate further growth. The latter fails a bit today. Regardless of the fact that there has been a noticeable increase in the last 5 quarters, the profit is still holding at 2 to 3%.
Several risks of the enterprise
For Q3 2020, the company reported revenue growth of as much as 268%. This is the peak moment for this parameter. If you look closely, the following quarters do not show such a noticeable jump. In Q3 2021, this figure was only 45%.
To stimulate its own income, the company has discovered a new service sector - the delivery of goods no longer from catering outlets. By the end of September, the company had already signed about half a million contracts with distributors around the world.
At the same time, the service offers today not only food delivery, but also groceries, everyday goods and much more. If a simple person pays only for delivery services, then DoorDash takes a percentage of the cost of the customer's order from the customer companies. By adding new categories to the price list, the company can easily increase the total cost of the order.
For the 3rd quarter of 2021, the gross value of orders increased by 44% and amounted to $10.4 billion. The company has plans to achieve a gross cost of services of $10.7 billion.
The fate of assets
According to forecasts, DoorDash should report $1.28 million with a loss per share of $0.27. If analysts' forecasts coincide with reality, then the growth on the asset will correspond to 32.1% and 89.88%, respectively. This is if we compare the period of 2020.
Regardless of the fact that the business shows fairly stable results and the total market volume is estimated at $4.1 trillion, assets have recently been under pressure from sellers. The drawdown on them has already reached 48%. This caused the price-to-sales ratio to be within 7.5 - a step away from historical lows.
The issuer's ability to introduce new ways of interacting with customers, establishing partnerships with companies, all this can be an excellent impetus to the restoration of asset positions. However, the low price of securities and the real prospects for financial growth of the company itself are an interesting option for those who want to invest in a profitable and efficient enterprise.
Nvidia
By the end of the fall of 2021, Nvidia's assets showed a historical maximum, stopping at around $346 per unit. The paper just didn't have the strength to move higher. An obstacle to this was the statement of the American regulator on the increase in interest rates for the period 2022. This put pressure on the papers. Since that moment, the assets have been in the hands of sellers, and today it is not necessary to wait for their return to the highs. Are there any prospects for investment? Let's talk about this further.
Circles of History
Investors who closely monitor the state of affairs in major global concerns are aware of the fact that in 2018, the Fed raised interest rates 4 times in a row, and against this background, demand for GPUs fell sharply due to the oversupply of this product on the market. As a result, product prices flew down, and Nvidia assets went into a long correction.
If at that time the main incentive for the fall in the value of the company's shares was the global decline in the cost of manufactured goods, today it is the political and economic vicissitudes of the state.
Regarding the demand for microchips and video cards, there is only one thing to say now – it is very high. The reason is the lack of the required quantity of this product on the market. This fact is encouraging for most investors. In addition, the latter will very soon realize that the Fed's policy does not have too strong an impact on the manufacturing concern, and they will again be interested in its assets. If you want some details, then investors who believed in the company 4 years ago are now calculating quite impressive profits.
Cyclicity is the norm
For anyone who understands economics, Nvidia's risks and profitability are almost on the same level. Let's talk about them in more detail.
The company is considered one of the world's largest suppliers of the most powerful graphics processors. The growth of IT enterprises, technologies and the segment as a whole is cyclical, and each rise is followed by a drawdown.
Only in the last 3 quarters of 2020, revenue from data centers increased by half. Accordingly, this had a positive impact on Nvidia's financial efficiency. However, already in 2021, the company announced a decrease in this indicator by 31% compared to the previous one.
But such financial swings should not frighten investors, stopping them from buying assets. Nvidia is a fairly powerful and well-diversified business, and the weak reporting of one of the segments is usually quickly overlapped by the profitability of the other. A very noticeable decline in work efficiency is usually observed if the general situation in the market is unstable.
About the Nvidia Metaverse
As the next hype, the metaverse took shape in 2021. The pioneer is Mark Zuckerberg, who announced its creation publicly. Large tech giants could not leave such an attack without attention, and they actively joined in this process. In this regard, Nvidia could not stay on the sidelines either.
By the end of autumn 2021, the company announced the launch of the first platform for working in a new environment called "Omniverse". Many enterprises believe that this system is adaptive to work in different spheres of human activity. For example, Lockheed Martin is already testing it as a visualizer platform designed for training in fighting forest fires. Other enterprises use to create virtual clones of real buildings and objects.
Nvidia-Arm: the collapse of hopes or a bright future?
Today it is already known for certain that the deal on the purchase of Nvidia by Arm has been terminated. The reasons for this decision were violations identified by the regulator. The company began preparing for this purchase back in September 2020. At that time, the company's market value was at the level of $40 billion. Today it has already reached $80 billion.
This purchase initially raised doubts among investors and experts about its feasibility. Arm company specializes in designing chips based on its own architecture. These elements are applicable to all mobile devices running on any databases. The company has never made privileges in this regard, producing products for Android and iOS.
If the purchase had occurred, this parity would have been violated immediately. Why? Because Nvidia would have technologies in its possession, on which the goods of manufacturers in many countries directly depend. To conclude the deal, the company needed the support of many antimonopoly agencies, including the countries of the USA, Great Britain and China. It is for the reason mentioned above that the company did not receive this permission.
The termination of the agreement brought more benefits to everyone, including the company itself. First of all, the question arises about the company's ability to recoup the $80 billion invested. It is much easier and more efficient to direct these funds to the development of your own business, for example, those segments that bring consistently high profits. After the breakdown of the agreement, Arm is going to enter the stock exchange by 2023, becoming public.
And, what's next?
If you are making a decision about the acquisition of assets of an enterprise, then you need to know that today the shares are growing in price due to the high demand for video cards and the high need for accelerators for data centers. These catalysts are pushing stocks up.
Thus, the company's revenue in the 3rd quarter of 2021 increased to $7.1 billion, and this is 50% more than in the same period of 2020. The company's adjusted profit increased by 60%, and year-on-year reached $1.17 per 1 asset.
According to forecasts, in Q4 the issuer should show revenue of $74 billion, which is 48% higher than last year. Gaming centers and data centers will be in consistently high demand for a long time, and it is from them that the company will receive up to 90% of revenue.
Nvidia is not going to give up leading positions in its own production segment in the near future, and its share in the GPU market should approach the position of $54 billion by 2025. One has only to remember that in 2020 this figure was at the position of $23.6 billion. It turns out that over the five-year period it will grow by 83%.
Taking into account analysts' forecasts, by 2027 the GPU market will reach a scale of $20 billion, and will add 42% annually.
It's worth noting that Nvidia is relentlessly testing new territories. For example, take the same metaverse, or even more promising developments of self-driving cars. By the way, in case of successful completion of both cases, this will bring the company $10 and $8 billion, respectively, in the next decade.
Undoubtedly, the issuer's powerful positions in the market and the development of new ideas make the company's position more stable than ever. The high demand for assets will bring new funds to invest in their own projects, which will very quickly return the shares to the vertical direction. Despite the high cost, the company's securities are trustworthy.
Past weeks' reports
AbbVie
Already at the beginning of this month, AbbVie reported for the 2021 reporting year, plus for the last quarter. The total revenue of the company amounted to $14.89 billion, falling short of the forecast of $14.97 billion. The net profit of the pharmaceutical company increased to $4.04 billion, and the company earned $3.31 per asset.
The company's management reported that the adjusted profit for the period of the end of 2022 should be in the range of $14 to $14.2 per paper, experts show the figure of $13.99. The company's powerful report pushed its shares to the ascent. After testing the $140 level, they quickly moved to the $142 mark and now everyone is waiting for a position of $165.
Ford Motor Company
The report of the legendary auto giant did not please investors much. Low financial indicators were the result of a shortage of microchips on the world market. Earnings per share were only $0.26 with a forecast of $0.45, while sales almost coincided. So the report indicated a figure of $35.3 billion, and the forecast – $0.2 billion more.
The company still managed to turn losses into profit, and reach the figure of $12.3 billion, having fulfilled the production plan. According to management estimates, in the new financial year the company is going to receive from 11.5 to 12.5 billion dollars of adjusted profit, exceeding by almost 25% the indicator of 20221. Free cash flow should remain at the level of 5.5 to 6.5 billion dollars.
Before the release of the report, the market was stable, so we recommend buying stocks. Today, sellers are pressing on the market, who have driven assets to a position of $18. The potential of the enterprise is quite large, and very soon the shares will go in the opposite direction. However, before the breakdown of the level of $22, it is not recommended to buy.
Pfizer
Now Pfizer has also reported for the final quarter of 2021. High financial reporting indicators did not keep the company's shares at a height, and now the price is being pressed by sellers. The reason? It's just that the issuer did not show high revenue forecasts for next year. Adjusted profit per paper was $1.08, and according to experts' expectations, this figure was equal to $0.87. Unadjusted – $3.39 billion, that is 4 times more.
The company's revenue amounted to $23.8 billion with a forecast of $24.12 billion. Over the year, this figure increased by 95%, which in monetary terms amounted to 81.2 billion dollars. The indicator for the year on the asset reached $4.42.
The company has made an excellent forecast for 2022, and has already failed to meet expectations. Fears of failure are reinforced by another factor - the approaching end of the pandemic. This will worsen the concern's prospects, even with the expectation that sales of medicines not related to coronavirus will be at the level of at least $46 billion.
Euro/DollarThe euro rose against the US dollar to the level of 1.1165. There was a positive trend in trading on Wednesday.After reaching the maximum values in March, the yield of ten-year US bonds fell slightly to 2.351%.The next round of negotiations between Russia and Ukraine gave hope that military operations should stop soon. This caused a wave of positivity in the financial markets.Meanwhile, in the Eurozone in March, the composite index of business and consumer confidence fell from 113.9 points to 108.5 points, which did not justify the forecasts of experts who expected a smoother decline to 109 points.Such a sharp deterioration in the indicator is primarily due to record inflation rates and the military conflict in Ukraine.On Thursday, traders expect the publication of data from the labor market of the United States and the Eurozone, information on the unemployment rate in Germany and the Eurozone, as well as a change in the number of applications for unemployment benefits.Pound/DollarThe currency pair is consolidating above the support border of the European session, around 1.3127. The course is strongly influenced by the news background. The key resistance level at the moment is 1.3202.Meanwhile, the yield of ten-year British bonds has approached the maximum values of March and is now at 1.668%.Today, the dollar is under pressure from other world currencies. According to the final data of the Ministry of Trade, in the last reporting quarter of 2021, the economy of the United States grew by 6.9% year-on-year, and not by 7%, as previously reported. Experts expected that the indicator would be revised upwards to 7.1%. As for consumer spending, in the fourth quarter it increased not by 3.1%, but by 2.5%. Imports soared by 17.9%, exports rose by 22.4%.Today, traders expect the release of British GDP, data from the labor market of the United States, information on the cost of residential real estate.GoldThe banking metal is still reacting to the movement of the US dollar. After a week of growth, gold gained a foothold near the $1,928 per ounce mark. Important information for the market is the US unemployment index for March. Strong data will help reduce the Fed's purchases of securities.The trading environment ended with a fall in the US stock market, due to negative dynamics from the financial, consumer services, and technology sectors. The Dow Jones fell by 0.19%, the S&P 500 index fell by 0.63%.Inflation continues to gain momentum. This month, consumer prices in Germany rose by 7.6% year-on-year, while analysts expected a rise of no more than 6.7%. In February, the indicator was 5.5%.In Japan, last month there was a decrease in retail sales by 0.8% compared to February 2021, which did not meet the forecasts of analysts who reported a decrease of 0.3%.CryptocurrenciesBTC is currently in the price range of $48051 – $46810 with a strong resistance level of $48051. Most likely, traders are waiting for information from the American labor market.According to the results of Wednesday, the capitalization of the crypto market amounted to 2.15 trillion US dollars, while on Tuesday there were figures of 1.90.The Opera browser now supports bitcoin and other digital currencies. Solana and BTC are currently only available in Opera for Android. Support in the crypto browser should appear within a few months.Cryptocurrencies may be affected by the publication of data from the US labor market, the release of the index of personal consumption expenditures, as well as the level of business activity in the manufacturing sector. 
Nutanix shares, a virtual server platform, are trading 40% below the maximum levels of 2021. Despite the growth of quotations in 2020 and 2021, the securities still look attractive from the point of view of long-term purchase. The value of the company (EV) is $6 billion, in 2022 revenue is expected to be $1.9 billion (+20% YoY), which means the forward EV/S ratio is 3. From current levels, securities may well rise to $40 in the coming months.The advantage of Nutanix is that the service allows you to configure a hybrid infrastructure. Not all companies can afford to switch completely to “cloud” storage, both due to regulations and security reasons, as a result of which intermediate options are in demand in the market, and Nutanix is ready to guarantee that customers will receive quality comparable to advanced “cloud" models. If the company used to sell equipment, now it offers users only software, which had an extremely positive effect on the margin: -0.2% against last year's -12.4%. Positive changes have also occurred in terms of FCF: $17.2 million versus $28.4 million.According to the results of the fourth quarter of 2021, revenue increased by 19% YoY, to $413.1 million. ARR increased by 55% YoY, to $1.04 billion, and ACV billings - by 37% YoY, to $218 million. This trend hints at a possible acceleration of growth rates in the coming months. 
What we are currently seeing on risky assets looks rather unnatural. US technology stocks and cryptocurrencies are growing amid a whole heap of problems related to geopolitical tensions, rising inflation, the expected tightening of the Fed's monetary policy, a possible recession of the American and global economy, and so on. Yes, investors could well get tired of the constant negativity, but this is not a strong enough reason for such a powerful rebound. That is why it is hard to believe in the long-term nature of the current growth.At the moment, BTC is near the upper limit of the correction channel, which was formed as part of the global downtrend that started in November 2021. Further price behavior may shed light on the medium-term outlook of the market. With the greatest probability, we should expect a breakdown of the upper limit, the removal of sellers' stop orders, the collection of liquidity and a trip to the south with renewed vigor.Indirectly, this possibility is evidenced by the situation with other cryptocurrencies. For example, the native Solana token is currently executing a “bearish” Wolf wave pattern, according to which quotes should go to a fall and fall in price by 30-40% from current levels. Something similar is observed for the rest of the top coins. At the same time, there is simply no positive news that can support the current growth and is not expected in the near future. 
Euro/DollarThe euro rose against the US dollar to the level of 1.1132, while the US currency weakened despite strong consumer confidence data. During the day, there was a positive trend in euro/dollar trading. At the moment, the pair is consolidating in the price range of the beginning of March 1.1143 – 1.1058.The yield of ten-year US bonds shows a slight decline to the level of 2.402%.The results of the negotiations between Russia and Ukraine in Turkey had a positive impact on the single European currency. The market revived after hearing about positive developments in resolving the conflict, including the preparation of an agreement on the neutrality and nuclear-free status of Ukraine.Earlier, the dollar was supported by growing expectations about the tightening of the Fed's monetary policy. Today, the market has already included a rate increase of 2 percentage points.The current situation contributed to an increase in the yield of ten-year US Treasuries to 2.5% on the first day of the week. However, by the end of the auction, the indicator decreased slightly. On Tuesday, the yield of Treasury securities increased to 2.472%.Among the main news for today is the GDP of the United States for the fourth quarter and the index of employment in the non–agricultural sector from ADP.Pound/DollarDuring trading on Tuesday, the pound and the US dollar stuck to the 1.3090 mark. The currency pair has not been able to break through the support boundary of the European session. If the exchange rate still manages to go beyond the level of 1.3082, the prospect of reaching the area of 1.3006 will open.In the yield of ten-year British government bonds, there is a slight decrease to the level of 1.6560%.The publication of important economic statistics led to a new strengthening of the dollar, the pound followed the American currency.This month in the United States, the consumer confidence index increased to 107.2 points relative to the revised February figures of 105.7 points. The data was obtained from the Conference Board research organization. The indicator exceeded the expectations of experts who predicted a decline in the indicator to 107 points.It is worth recalling that last autumn the level of consumer confidence in the country fell sharply amid the spread of new strains of coronavirus infection. At the moment, Americans are under pressure from the disruption in global supply chains and the consequences of the military conflict in the East.On Wednesday, the currency pair will be sensitive to US economic statistics – GDP for the fourth quarter and the non-agricultural employment index from ADP.GoldThe banking metal has turned around from the minimum values and at the moment continues to adhere to positive dynamics. In the case of another wave of growth, a promising target is the resistance limit of 1925 dollars per ounce.Trading Tuesday ended with a rise in the US stock market, due to strong signals from the consumer services, goods and technology sectors. The Dow Jones increased by 0.97%, the S&P 500 index rose by 1.23%.The news background of recent days has a positive effect on gold and liquid securities.Meanwhile, this month the level of consumer confidence in the United States rose to 107.2 points relative to the revised February figures of 105.7 points.In Japan, last month there was a decrease in unemployment to 2.7% from 2.8%, while experts predicted that the indicator would remain at January levels.CryptocurrenciesAt the moment, bitcoin is consolidating in the price range of $48051 – $46820, after an unsuccessful ride to break through the resistance limit of $48051. The recent increase in volatility in financial markets has forced investors to take a wait-and-see attitude. The publication of the GDP of the United States and data from the labor market can greatly affect financial assets, including cryptocurrencies.According to the results of Tuesday, the capitalization of the crypto market amounted to 2.11 trillion US dollars, while on Monday there were figures of 2.13.According to media reports, the MicroStrategy subsidiary received a loan from Silvergate Bank in the amount of US$205 million to purchase bitcoins.Meanwhile, the US Treasury proposed to approve a document for cryptocurrencies, according to which information on foreign accounts of citizens over 50 thousand dollars should be reported to the tax service. If approved, the requirements will take effect as early as 2023.The Hong Kong Stock Exchange will open a platform for trading security tokens called Diamond. 
Shares of eBay, an online marketplace, are trading 27% below the maximum marks of 2021. In the current conditions, investors want to deal with the most reliable companies that pay dividends and conduct programs to buy their own shares from the market. eBay not only fits these criteria, but also plans to significantly increase the amount of revenue, as a result of which it has a good chance of a tangible rebound from recent lows.Management adheres to the right strategy: instead of competing with Amazon on all fronts, eBay focuses on the most important, unique areas: collectibles, auto parts, electronics and others.At the moment, the platform earns only $1.1 billion through advertising (sponsored placements and promoted lots) - this is about 11% of total revenue. By 2023, it is planned to increase this figure to $2 billion. Another growth driver is the payment system. The platform launches its digital wallet in order to reduce dependence on the current payment service - PayPal.A few more important points: the amount of quarterly dividends was increased by 20% to $0.22 per share, and a $4 billion share repurchase program was introduced (about 12% of capitalization).However, not everything is as smooth as we would like. Compared to the previous quarter, the number of active buyers decreased by 5 million to 147 million in the fourth quarter. After the pandemic peaks, activity on the platform begins to decline, and with it the revenue indicator, which increased by 5% YoY to $2.61 billion over the period. At the current stage, it is necessary to observe how eBay will increase margins and EPS. 
Shares of electric car manufacturer Tesla have gained about 40% since mid-March and are now trading not so far from the maximum marks. There is a feeling that the rising cost of oil and raw materials is a positive driver for the company: most models were completely sold out in the United States by the end of 2022. In addition, Tesla had to start fighting with wholesale buyers in China, who bought cars in large batches and sold them at a markup. Now Chinese buyers are forced to sign an agreement that they will not resell the cars for 12 months after purchase.The February lows became a bear trap for the bulls, who believed that Tesla was waiting for the fate of other technology companies, whose shares sank by 50-70% from the highs. It should be understood that Tesla does not stand still and now it is a profitable company with decent FCF values. Moreover, the manufacturer does not indifferently observe the rise in the cost of raw materials for batteries, such as nickel and lithium, but increases the cost of products in order to maintain margin values.Compared to other major industry players like Volkswagen, General Motors and Ford, which have been suffering from supply chain disruptions for a long time, and now rising raw material prices have been added to the problems, Tesla looks pretty good. Moreover, the company has launched new plants in Texas and Berlin. In other words, there are all the prerequisites for further growth of stocks to the level of record highs and above. 
The securities of Pegasystems, a leading developer of enterprise software, fell 45% below last year's peaks. We can say that at the moment the company's shares should be considered as a long-term investment and there are reasons for this. Today, the company's value is 6.5 billion US dollars. In the current year, management expects a profit of $ 1.5 billion, therefore, EV/S is equal to 4.5. It is worth noting that these are quite small figures for a growing organization. Management predicts that by 2025 the total targeted market will be equal to $110 billion, which indicates good prospects for revenue growth. At the moment, PEGA is transitioning to a subscription model, which will also have a positive impact on the company's revenue. The results of the last reporting quarter of 2021 show a profit growth of only 6%, to $316.2 million. This situation has developed due to the fact that in the process of switching to a subscription, key customers began to pay in portions. Despite a loss of $26 million in 2020, in the last three months in 2021, the firm received revenue of $18.8 million. At the end of this year, revenue is projected to grow to $65-86 million. 
Euro/DollarDuring the versatile dynamics of trading, the euro turned against the dollar to the level of 1.0992.The yield of ten-year US bonds on Monday showed a slight decline to the level of 2.440%.Meanwhile, the chairman of the Federal Reserve Bank of New York, John Williams, suggested that the Fed could raise the rate by 0.5 percentage points in the near future. He also noted that central banks, before making decisions on monetary policy, should think about how certain actions may affect other countries.The consumer confidence index is expected to be released on Tuesday. The US currency may react this week to the publication of changes in the number of initial applications for unemployment benefits, the level of employment in the non-agricultural sector and GDP.Pound/DollarThe pound/dollar currency pair continues to adhere to a downward trend. Having reached the minimum level of 1.3081, there was an attempt to make a reversal and form a new price range amid the expectation of important news. In case of growth, the first target is the resistance area of 1.3146.The yield of ten-year British bonds has turned around from the maximum values and is currently fixed at 1.6210%.Trading Monday showed the strengthening of the US dollar against the British pound, the Japanese yen and the single European currency. This is facilitated by the stable growth of treasury securities, due to increased expectations of another Fed rate hike. At the moment, the market provides for an increase in the rate by 2 percentage points.The income of 2-year-old US Treasuries increased by 13 bps, 10-year-old - by 5 bps. The increase in rates contributes to an increase in purchasing activity around the US currency.Today, the pound will be sensitive to the volume of mortgage lending. Among the important economic indicators on Tuesday are the PMI in the manufacturing sector, GDP, the BRC retail price index, the change in the value of residential real estate Nationwide.GoldAt the moment, the banking metal has dropped to the trading framework of last week, continuing to adhere to the downward trend. A further decline may lead to reaching the mid-March levels of $1,906 per ounce.Trading Monday ended with the growth of the US stock market on the background of positive dynamics from the sectors of technology, consumer goods and services. The Dow Jones approached a one-month high, rising by 0.27%, the S&P 500 index rose by 0.71%. Gold held up negatively.The dynamics of trading is still affected by the news background. The weakening of the yen was influenced by the growing divergence in the monetary policy of the Bank of Japan with other Central Banks.Meanwhile, on Monday, there was an increase in the yield of 10-year Japanese bonds to 0.25%.The downside risks of the global economy are still very high. According to S&P Global Ratings, due to record inflation rates in the UK, economic growth will slow down to 3.5% this year.CryptocurrenciesBTC continues to adhere to positive dynamics. In the case of another wave of growth, the prospect of reaching the resistance area – 49511 and 50611 will open.According to the results of Monday, the capitalization of the crypto market amounted to 2.13 trillion US dollars, while on Sunday there were figures of 2.10.According to media materials, the association “Virtual Assets of Ukraine” with the support of deputies proposed to make the country a full member of the European Blockchain Partnership. The request was made in the form of a letter, among the addressees are the head of the Administration of the President of the European Commission, Bjorn Siebert, as well as the President of the European Commission, Ursula von der Leyen. The document says that blockchain technologies can greatly help in the restoration of Ukraine after the end of hostilities.Meanwhile, Fed Governor Chris Waller believes that blockchain is overvalued, and some CBDC studies are very similar to commercials.