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Increasing demand worldwide Oil price close to $ 100?

Status: 23.06.2021 3:10 p.m.

Oil is more expensive than it has been in two years. Experts warn of a supply crisis: The prices for crude oil and thus also gasoline, kerosene and heating oil could soon rise much higher.

From Angela Göpfert, tagesschau.de

Oil prices hit new multi-year highs this week. For the first time in two years, a barrel (159 liters) of the North Sea Brent cost more than $ 75 again. For a barrel of the US West Texas Intermediate (WTI) variety, more than 73 dollars were paid on the market – the highest amount since October 2018. Rising oil prices – something that businesses and consumers may need to get used to. According to some experts, the new multi-year highs in oil prices, which many consumers are already feeling painfully at gas stations or when buying heating oil, are just the beginning of a longer upward trend in the oil market.

Analysts predict rising oil prices

The experts at the US investment bank Goldman Sachs expect the Brent price to rise to $ 80 this summer. But that is not the end of the story. An oil price of $ 100 is a “real possibility”. Alex Sanna, top oil trader at Glencore, the world’s largest commodity trading group, also said, according to the Financial Times, that an oil price of $ 100 is becoming increasingly likely.

The experts at JPMorgan even see a new oil super cycle looming and recently renewed their forecast of an oil price of $ 190 in 2025.

Demand congestion as a price driver

Francisco Blanch, raw materials expert at Bank of America, may not look quite that far into the future. For this he has the most precise 100-dollar forecast ready: the oil price could crack the round mark as early as 2022. The market hardly changes on the supply side – and this in turn is offset by an immense backlog of demand. It is easy to explain where this backlog of demand comes from: Just as many private households restricted their consumption during the pandemic, so too many companies put the necessary investments aside. Now that the global vaccination campaign is gaining momentum, at least in the major industrialized countries, consumers, companies and economies have a lot to catch up on.

Delta variant is a risk factor

The more relaxed Corona situation and the awakening global economy are leading to higher demand for crude oil, gasoline, diesel – and kerosene. Oil expert Blanch sees the rising travel industry as a major price driver.

The delta variant of the virus from India, which could lead to a further tightening of the corona measures, is currently also posing a risk to the economy.

Signal of a shortage of supply

In search of signs of whether demand is actually exceeding supply at the moment, it is worth taking a look at the market for so-called oil futures. Current oil futures contracts are quoted there higher than contracts with delivery at a later point in time. Such a constellation, referred to by experts as “backwardation”, is rather unusual and a clear indication of fear of scarcity – “and thus for further rising prices”, as market expert Robert Rethfeld from Wellenreiter-Invest emphasizes.

A price corrective called fracking

The rising prices should actually make re-entry into the oil market attractive for the US shale industry. In the past, the US frackers acted as flexible price correctors on the oil market: If prices rose, more shale oil was drilled in the short term, supply increased, prices fell again.

As a reminder, the last time oil traded above $ 100 was in 2014, when a rapidly growing supply from the US fracking industry brought an abrupt end to the last oil super cycle.

Sustainability trend slows US oil industry

But this mechanism doesn’t seem to work that well anymore. This is due on the one hand to the new US President Joe Biden, who imposed a stop on oil and gas drilling on state-owned land in January, and on the other hand to the global trend towards sustainable investment.

“The number of active US oil wells is increasing only slowly,” emphasizes wave rider expert Rethfeld. “The investors do not want to see an expansion of the production capacities at the moment, but instead demand investments in renewable energies.”

Iran as a risk factor

The production countries of the OPEC + oil cartel, especially Saudi Arabia and Russia, could benefit from the West’s climate policy. It remains to be seen how willing they are to expand production to fill the void left by the US oil industry.

Especially since there are supply risks on the part of OPEC: “After the election of an ultra-conservative cleric as the new president, Iran will have a hard time overturning US sanctions and increasing oil exports,” said Eugen Weinberg, raw materials expert at Commerzbank .

Inflation Risks Before Revaluation?

Should the oil price actually rise further towards 100 dollars, this would inevitably lead to a reassessment of the inflation risks in the financial markets, since the oil price is one of the main drivers of consumer prices.

Just yesterday, Jerome Powell, head of the US Federal Reserve (Fed), told the House of Representatives budget committee again that the Fed was considering the current high inflation rates a temporary phenomenon considered. However, market expert Rethfeld emphasizes: “Any oil price above $ 100 would suggest to the public that Powell is wrong.”

CureVac vaccine not very effective Crash of a Bearer of hope

Status: 06/17/2021 12:31 p.m.

CureVac’s vaccine proves far less effective than hoped, with the biotech company’s stock plummeting. What does this mean for the vaccination campaign and German taxpayers?

From Angela Göpfert, tagesschau.de

For the company CureVac and its owners, dramatic scenes have taken place in the past few hours. The price of the Tübingen-based company listed on the US technology exchange Nasdaq had already halved in after-hours trading on the US stock exchange on Wednesday. This morning, the CureVac share then rushed in German retail by up to 52.4 percent.

Eight billion euros destroyed on the stock exchange

This destroyed around eight billion euros in market value within a few minutes. This melted down from over 15 to a good seven billion euros. The drastic course reaction shows how surprisingly, despite all previous doubts, such devastating study data as CureVac has now presented, came in the end – and how serious the consequences could be.

On Wednesday night, CureVac announced that its first-generation vaccine candidate was CVnCoV only an effectiveness of 47 percent against a Covid 19 disease of any severity. The company thus missed the intended statistical success criteria for approval.

Completely out of the vaccination campaign?

The study is to be continued, and the degree of effectiveness could change with higher case numbers. However, if the current trend continues, approval is unlikely. In this case, experts say CVnCoV would be a total flop for the company. For the German vaccination campaign, CureVac is therefore canceled until further notice. “According to these study results, it will be extremely difficult for CureVac to play a role at all in the current vaccination campaign”, told LBBW analyst Timo Kürschner tagesschau.de . According to the federal government, the setback for the Tübingen company does not upset the vaccinations in Germany. “This announcement has no effect on the speed of our vaccination campaign”said a spokesman for the federal health ministry.

Other manufacturers are still catching up

Industry observers believe that speed is just as important in vaccine development as it is in drug development. “Late bloomers like CureVac only have a chance if they have a better effect profile or fewer side effects”, explains pharmaceutical expert Kürschner.

“The more time that elapses, the more efficient the production of vaccines that have already been approved will be”says the pharmaceutical expert. “BioNTech & Co. are then more and more able to serve the required delivery quantities.” His conclusion: “We could get to a point where you actually no longer need the CureVac vaccine because the vaccination campaign is already so advanced.”

Hundreds of millions from the federal government

The severe setback for CureVac meanwhile has effects beyond the current vaccination campaign. It meets the German taxpayers – after all, the federal government has a stake of around 16 percent in the company and has supported vaccine development with a special program worth several hundred million euros. It is also a debacle for SAP co-founder Dietmar Hopp, who holds almost 50 percent of the shares.

Last but not least, the CureVac price disaster hits the countless private investors who have invested their money in the share. The paper of the company, which is legally based in the Netherlands, has been one of the most traded foreign stocks in the past few weeks on the Stuttgart Stock Exchange, where many private investors cavort.

Recently increased warning signs

Recently, there had been more and more indications that the CureVac vaccine could fail for the time being. Even when Health Minister Jens Spahn, according to media reports, deleted CureVac from the federal government’s planning for the current vaccination campaign, this could hardly affect the share.

The high market capitalization compared to rival companies was also a warning sign: Before the current price crash, CureVac had a higher market value than Novavax. The US manufacturer had already reported a Phase III study on Monday, according to which its vaccine had a has a high effectiveness of 90 percent .

Often high risk in the industry

For CureVac and its owners this is now the “Worst case” of a biotech company. At the same time, the CureVac case also shows the general risks facing the industry. Companies in this industry usually have very few active ingredients in their pipeline. If one then fails – for whatever reason – it often has fatal consequences for the entire company.

LBBW expert Kürschner also sees CureVac “a prime example of the risks involved in investing in biotech companies”. However, Kürschner does not fear negative consequences of the CureVac events for the German biotech industry. After all, there is a positive counterexample in the country. “I’m sure: BioNTech’s success story will outshine the rather negative course at CureVac.”

Missing computer chips Short-time work at VW and Daimler

Status: 16.06.2021 10:23 a.m.

Time and again, the production lines in car plants stand still – the manufacturers refer to the industry-wide shortage of chips. Now it hits Volkswagen and Daimler again. When will the situation improve? From Angela Göpfert, tagesschau.de There will be stoppages in the coming week at the VW main plant. In the Tiguan, Touran and Tarraco production as well as in the Golf production in the late and night shifts, the Wolfsburg switch to short-time work. In the Daimler plants in Bremen and Rastatt, short-time work is already the order of the day. The reason is once again the industry-wide shortage of chips.

06/08/2021

Interruptions cost billions

It is nowhere near the first time that the shortage of semiconductors has slowed automakers’ production. It was not until the end of May that the VW luxury subsidiary Audi at the Ingolstadt and Neckarsulm locations suffered production interruptions. BMW had been hit a few weeks earlier. The Ford plant in Cologne is also affected. The German auto industry is not alone with its problems: The US auto giant Ford calculates charges of around 2.5 billion dollars this year due to the lack of chips. The problems in the automotive industry have consequences for the entire economy. Just today, the researchers at the Munich Ifo Institute lowered their forecast for the growth of the German gross domestic product this year from 3.7 to 3.3 percent. To justify this, they also referred to bottlenecks in the delivery of intermediate products such as semiconductors.

Improvement in the third quarter?

It could take a few more weeks for a change for the better. According to experts, the automotive industry is heading for the lowest point. “We are facing the toughest six weeks,” said Murat Aksel, VW Board Member for Purchasing, recently in an interview with the “Handelsblatt”. The situation should improve again in the third quarter. Competitor Daimler also expects an improvement in the second half of the year. The Boston Consulting Group (BCG) also estimates that the situation should ease from July.

Around four million cars less

Because of the lack of chips, automakers worldwide produced 1.4 million fewer cars in the first quarter and 1.6 million in the second quarter, the BCG experts calculate. For the entire year 2021, the failures are likely to amount to four to six million vehicles.

05/04/2021

The consulting firm Alix Partners in Munich estimates 3.9 million cars. This corresponds to a value of non-produced cars of around 91 billion euros.

Lessons from the shortage of chips

The car manufacturers have long since learned their lessons from the shortage of chips: They are carefully reviewing their supply chains and are not only expanding their warehousing for chips. After all, the supply chains have thinned out after a pandemic for more than a year, even for important intermediate products, for example in the chemical industry.

06/07/2021

Security of supply is suddenly a priority again after years of just-in-time delivery. Chip manufacturers are also taking strong countermeasures and are pushing ahead with expanding their capacities at full speed. In Germany, the new high-tech chip factory from Bosch ensure regional supplies.

Misjudgments as the cause

But how did it come to that? Where does this lack of chips come from, which is currently keeping the auto industry and its employees in suspense? With the outbreak of the corona pandemic, demand for cars collapsed and chip manufacturers cut their production plans.

05/31/2021

When the demand for new vehicles suddenly increased surprisingly in the summer of 2020, chip manufacturers such as Infineon or NXP were overwhelmed by the demand. The current chip shortage is therefore based on a whole series of misjudgments – on the part of car manufacturers and suppliers, but also on the part of chip manufacturers. The lack of chips also shows that the auto industry did not come through the Corona crisis as badly as feared.

Price capers of the Windeln.de share The dangerous game of gamblers

Status: 10.06.2021 6:24 p.m.

Small investors let shares of the baby outfitter Windeln.de shoot up first – then they crash. This risky game is powered by social media. Newcomers in particular make a lot of mistakes. From Angela Göpfert, tagesschau.de From the so-called penny stock to the investor’s favorite: The story of Windeln.de reads so seductively simple at first glance. Within a few days, the paper soared from around 70 cents to 6.92 euros – a staggering price increase of almost 900 percent. The share of the online baby outfitter was not driven by new, positive news about the development of the company, but by a host of gamblers who drum for the company in investor forums such as Reddit and on social media.

Report of loss in April

They drummed for a company that made a net loss of 13.7 million euros in 2020 and officially announced in April that it had suffered a loss of more than half of its share capital. In other words: Windeln.de obviously needs fresh money. The notification of loss was by no means voluntary. Rather, Windeln.de thus complied with an obligation imposed by the legislator: Companies must inform if losses have exceeded a critical limit and there is an urgent need for action.

“Flagpole” as a warning signal

The course of the Windeln.de share seems all the more absurd. Experts speak of such a steep, almost vertical rise in price “Flagpole”. Many stock market beginners are attracted and seduced by such price patterns. One would have loved to have this share, since it would have enabled one to multiply one’s capital in a very short time.

The so-called “Flagpole” is clearly visible in the Windeln.de chart. Image: tagesschau.de For technical analysts, i.e. stock market experts who analyze price developments and other market data, this is the “Flagpole” but one thing above all: symbol of an exaggeration phase on the stock markets – and thus a clear warning signal. The Federal Association of Consumer Organizations (VZBV) is also critical of the current price developments at Windeln.de, Nanogate, Clover Health, Gamestop and other stocks with particularly noticeable highs: “This has nothing to do with investing, it is pure speculation”, said Christian Ahlers, speaker in the financial market team tagesschau.de .

A “Fireworks” of investor errors

At Mojmir Hlinka from the Swiss asset manager AGFIF International, the alarm bells are ringing when stocks like Gamestop or Windeln.de are mentioned: “These are pure speculative objects, without any substance.” The Swiss expert makes a whole in this context “Fireworks” on the basis of typical investor errors, especially the neglect of the likelihood that certain events can occur. Experts speak of “neglect of probability”. “The tiny probability of making a profit on such stocks is massively overestimated by investors. In contrast, the great probability of a loss is clearly undervalued”, told Hlinka tagesschau.de .

When emotions are involved

Hlinka’s perspective on the markets is a special one, as he operates asset management on the basis of the so-called “Behavioral Finance”. This economic research direction is based on the findings of the psychologists Daniel Kahnemann and Amos Tversky. Accordingly, the investor does not act rationally, but is controlled by his emotions and typical behavioral patterns. As a result, he makes mistakes that reduce his profits. Such a typical mistake has a lot to do with paying attention to certain papers. “These stocks are widely reported in the media, especially on social media”, emphasizes AGFIF expert Hlinka. “This means that more information is available to them more easily. That automatically makes them more interesting for investors.”

Social media fuel herd instinct

Another problem for the normal investor is the herd instinct: Many people like to do what the masses do. “This phenomenon can be observed in any stock market hype. People feel safer in the herd”, emphasizes Hlinka. “Investors’ herd instinct is currently controlled primarily via social media. Quasi real sects are forming in the investor forums.” Consumer advice center expert Ahlers is similarly critical and warns: “Tip givers and sellers can also be found in social networks, who may do more than exchange investor experiences and may also advertise dubious investments.”

Financial regulators advise caution

The German financial supervisory authority BaFin has now recognized this: “BaFin advises all investors to check the information provided on social media very carefully with the help of other sources”According to the agency’s website. “Chat groups in social networks are often only used to entice investors to buy certain stocks so that the senders can benefit from the rising prices of these stocks.” As new as the influence of social media on share prices may be, the mechanisms behind the current excitement about papers like Windeln.de have been well known for centuries. The first big hot topic in financial history was tulip bulbs. Numerous other bubbles followed – from railways, the South Seas, the Internet industry to US real estate, to name a few. “Each of these bubbles has burst so far”, says Hlinka. “History has proven that. At some point this hype will also burst.”

Massive price drops

Perhaps the bursting of the bubble has already begun with a look at some of the shares: Today the Windeln.de share rushes down by up to 35 percent. Clover Health stocks fell 24 percent on the Nasdaq yesterday. When exactly a bubble will burst is difficult or even impossible to predict, even for experts. But the stock exchange world has also found a technical term for this: the “Greater Fool Hypothesis”, according to which prices will continue to rise as long as there is one in the market “even bigger fools” there who pays even more.

Rising producer prices “Hidden inflation” as a warning sign

As of: 06/09/2021 1:32 p.m.

In China, producer prices have risen faster than they have been in 13 years. In Germany, too, inflationary pressure from producers is growing. When will consumers feel this? From Angela Göpfert, tagesschau.de In China, producer prices rose by 9.0 percent in May, the strongest they have been since 2008. Anyone who thinks what is happening in China does not affect the German consumer is wrong. As far away as China may feel for some German consumers: The fresh data from China are fueling the inflation debate in this country, as they reveal a problem that Germany and the euro zone are also facing.

“Hidden inflation” also in Germany

In April, producer prices in the Federal Republic of Germany soared by 5.2 percent compared to the same month last year. That was the highest increase since August 2011, when prices rose sharply after the financial and economic crisis. The producer prices are considered to be an important leading indicator for the development of consumer prices. They usually only meet with far less media interest, which is why they are sometimes referred to as “hidden inflation”.

Energy prices as a driver of inflation

So the crucial question is: Will producer price inflation also reach consumers? So far, not much of that has been felt. In April consumer prices in Germany climbed by 2.0 percent compared to the same month last year. Around half of this increase was due to the rise in energy prices. A look at the recent past of the German economy also shows that consumer prices have mostly only increased significantly at a much slower pace when producer prices have risen similarly. The producer price inflation was therefore only to a small extent reflected in rising consumer prices.

Consumers have saved a lot of money

But this time everything could be different. The reason is a special effect of the corona pandemic, which has never come to fruition in this pronounced form: the deferred demand. “The corona pandemic inhibited private demand for months and led to a kind of compulsory saving. The savings surplus now amounts to over 150 billion euros and is likely to rise to around 200 billion euros by the end of 2021,” said LBBW economist Jens-Oliver Niklasch across from tagesschau.de . This corresponds to a potential increase in consumer demand of up to 17 percent compared to the pre-Corona year 2019.

Companies can pass on more costs

“If we open everything now, then this strong additional demand will meet an offer that has become more expensive in terms of costs. The probability is correspondingly high that the companies will be able to pass on a larger part of the costs,” says Niklasch. Michael Holstein, chief economist at DZ Bank, is convinced that “the manufacturing companies will certainly try to pass on part of their cost increase to their customers.”

Savers are actually expropriated

Against this background, LBBW economist Niklasch initially expects inflation rates to continue to rise over the remainder of the year. In the second half of the year, the VAT effect should come into its own: “Then we will probably reach inflation figures of over three percent.” This has very real consequences for consumers and savers in Germany: With interest rates of zero percent and an inflation rate of over two or even three percent, the real interest rates, i.e. the nominal interest rates minus the inflation rate, are negative. Savers who invest their money in overnight money accounts or savings books are actually expropriated. This is fueling the flight into stocks and real estate, which in turn continues to inflate the price bubbles in these markets.

Wage-price spiral not yet in sight

After all: LBBW expert Niklasch sees the rising inflation rates as a temporary phenomenon, the ingredients for a permanent increase are not there. “For inflation rates to rise over the long term, wages would have to go along with them; a wage-price spiral like the one in the 1970s would be needed. But we are not seeing that in Germany at the moment.” From January 2022, the inflation rate should quickly drop below the two percent mark.

Stress on industry harms the economy

But even if the rising producer prices were not or only slightly reflected in rising consumer prices, that would not bode well. If producers cannot pass the rising prices on to consumers, that would indicate weak consumption dynamics. That seems to be the case in China at the moment, as Commerzbank foreign exchange expert Hao Zhou points out. “As a result, there is a risk that industrial profits will shrink rapidly, which will weigh on the general economic outlook.” So regardless of whether the producers pass the rising producer prices on to the consumers or not: they are always a warning signal.

However, the female financial expert in the city of Boston (Massachusetts, USA) still retains the tight belt genes. Body-shaping clothing became a post-Covid-19 craze in the US. Photo: Spanx. As the country gradually returns to a new normal, with weddings and face-to-face meetings happening more often, Angela thinks her waist belt collection will grow even more. “I have to admit that I’m pretty excited about wearing the gene, tightening the fat and looking slim again,” she told The Washington Post. Body-shaping accessories, which fell in sales during the pandemic, have skyrocketed again as Americans are looking for ways to get back in shape before the time of staying at home to avoid Covid-19. Shapermint, the online retailer that accounts for nearly 20 percent of U.S. bodybuilding clothing sales, said its revenue doubled from the previous month. Skims, Kim Kardashian’s corset brand, also sold more than 4 million products. It soon grew into a $1.6 billion brand and put the TV star on Forbes’ billionaires list. Spanx, the most successful accessory brand in the corset industry, is seeing a spike in sales, especially with its OnCore super-contour line. Compared to the corsets of the past, today’s waist belts are more comfortable with wide elastic, but still basically have the same purpose: to “edit” women to fit their criteria society and fashion standards. Kim Kardashian’s Skims are valued at more than $1.6 billion. Photo: Skims. Candyce Lindsay (59 years old), an auditor in Tempe (Arizona, USA), wore a waist belt during the pandemic. She has been fascinated with this accessory since giving birth nearly 30 years ago. Her wardrobe contains all styles and brands of waist belts: from cheap ones at Walmart to branded ones at Nordstorm. “I still have to answer a lot of video calls while working from home and I want to look my best, that’s all,” she explains. Post-Covid-19 customers still prioritize comfort, but they also want to create the “illusion” of slimmer waists, firmer buttocks and flatter stomachs, according to Sara Blakely, the company’s founder and chief executive officer. Spanx. This change in shopping was also quickly discussed on television. Jimmy Fallon, producer and host of The Late Night Show, quipped that: “The decrease in pajamas sales, and the increase in waist belts is proof that the number of people getting the Covid-19 vaccine is increasing. much”. After Covid-19, Americans still prioritize comfort, but they also want to create the “illusion” of a slimmer waist, toned buttocks and flatter belly. Photo: Honeylove. Jens Grede, the co-founder of Skims, said sales of the company’s body-contouring clothing have been on the rise since February. Even last month, when the brand opened its first branch in Los Angeles (USA), they sold 12,000 units in the first week alone, or about 3 pieces per minute. Roy Thomas (22 years old), a male singer-songwriter in Murrieta (California, USA), bought his first waist belt before the pandemic appeared to go to a nightclub with friends. A few months later, he bought a second one and started wearing it everywhere, from work, out to lunch, to the market. “I use it almost every time I leave the house. Now that the world is starting to reopen, I want to invest in more belts,” he shared.

The outfit is not too complicated, but the colors are very eye-catching, showing off Khanh Van’s beautiful body. Score: 8/10 Right from the first hours of arriving in the US, Miss Khanh Van immediately updated her image. She introduced her outfit entirely in English, roughly translated as follows: “ Hello Houston, USA. Coming to America for the first time was really exciting. The first day, I chose to wear this dress with the Vietnamese flag printed on the front chest, and the American flag printed on the side near the shoulder. This represents the friendship between the two countries Vietnam – America, and Vietnam is always in my heart… ” The dress is designed quite simply with the Vietnamese and American flags printed prominently on a white background. The dress received a lot of compliments not only thanks to its special meaning, but also helped Khanh Van show off her perfect body. Score: 9/10 The second day in the land of flags, the lady behind the dress cut-out cup bust, showing off her waist and sexy curves. Sparkling dress with extremely outstanding banana green color, 8/10 points can be determined as a reasonable number of points. On the same day, Khanh Van made a special impression with an extremely dangerous cut design, wrapped “backwards”, without a standard body, it is really difficult to dress well. This is the dress model of designer Le Thanh Hoa chosen specifically for Khanh Van for her to bring to the Miss Universe arena this time. Start from outfit In this, the queen has attracted special attention from home fans. More and more people are interested in this battle of Khanh Van, so this set is well deserved 10/10 points . In the morning of the 3rd day in the US, Khanh Van changed 2 outfits for 2 times live stream , the first outfit with a colorful design from designer Le Thanh Hoa. Although very eye-catching but netizen deemed inappropriate when live stream With the representative of the contest sponsor, considering the suitability of the situation, this dress can only be 6/10 points . Seems to be aware of this mistake, times live stream 2nd on fanpage Sash Factor , chat with Ms. Angela – CEO of One Body Village and international fans, Miss Khanh Van changed her style. She wears a purple dress ombre shape vest of a domestic brand, very elegant but no less outstanding. Score: 8/10 On the day of entering the common house and starting to participate in the official activities of Miss Universe, Miss Khanh Van showed an impressive costume strategy with an outfit with high quality materials. vinyl shiny, extremely impressive black and gold color. She was praised for dressing up as a “warrior”, full of charisma and energy for the official activities of Miss Universe . Score: 9/10 In the first joint activity with competitors, Khanh Van prioritized choosing a skirt design cut-out Show off curves with striking colors. Miss Thailand, a strong competitor for this year’s Miss crown when she met Khanh Van in set This thing must also scream” wow “For being so impressive. Score: 9/10 However, in the first dinner, Miss Khanh Van chose a purple strapless dress that was a bit lost. Perhaps also aware that this dress will not be appreciated, the queen has decided to “hide” the image, no post on the personal page, fans can only find out thanks to the pictures taken from video of beauty websites. Score: 5/10 JEANIE According to IGNV

The impressive fashion photo series of the actress on the April Chinese edition T magazine made netizen immediately related to the image of the “dark wizards”. T magazine, also known as T Phong Thuong Chi, is the Chinese market version of The New York Times Style magazine. The magazine was first published in March 2015. T is a magazine publication dedicated to fashion, lifestyle, beauty, travel and design. This April issue of T magazine has the theme Design and Fashion, with bold Angela Baby image high-fashion on the cover. She wears clothes in Dior’s Spring Summer 2021 collection, her brand as the brand ambassador. Introducing the fashion photoshoot this time by Angela Baby, T magazine wrote: “ The combination of gothic motifs in Dior’s Spring-Summer collection, and the harmony of blue and yellow are reminiscent of resurrection. Fashion is not only clothing, it is also a religious church, where people find their own transcendence. ” Rarely has a star with as much frequency appearing on the covers of major magazines as Angela Baby at the present time. She makes netizen Trung was stunned by being on the cover of two of the magazine’s mainland issues in the same month. Even on Marie Claire in May issue, Angela Baby also wears Haute Couture from famous fashion brands. The April issue of T magazine’s photos are pretty well and it was released at the end of last week. In all the magazine photo sets, Angela Baby is praised as “unpredictable transformation”, never creating a feeling of duplication, and every set of photos is surprising. The Flower Blossom proves that she has the ability to weigh everything concept , from “banh beo” to sports, from “short haired witch” (May Middle ELLE) to “dark witch” with electric shock in T. magazine. But undeniably, in any series of photos, Angela Baby’s beauty is also extremely excellent, even though she is a magical “dark witch”, she is still praised for being extremely attractive and eye-catching.

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Angela Chang is so amazing, sexy, glamorous, A and cool, I have to say, Angela Chang is super suitable for this sweet and lustful sister style, shark me!

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The large-area halter model reveals the perfect back line, and the careful waist is even more invisible. This body proportion, at first glance, is all legs. Please come with more of this shape in the future!

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A Sa Feng is the correct way to open Angela Chang

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In recent years, Angela Chang has become more and more brilliant on the singer’s stage, and her appearance has become more and more bold. Some people say that the blackened Angela Chang is more like a big woman, but there are also fans who are not comfortable with this style of painting.

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The shapes of black elements are almost flooded on various stages. The rich colors and large areas of eye makeup with gorgeous lip makeup make it more flamboyant and mature. More exaggerated hairstyles, such as wet hair, braided hair, and oily hair, appear to be too complicated and cumbersome as a whole. In addition to attracting attention, you will feel a little too hard when you look at it too much.

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It’s better to have such a simple and elegant long mermaid curly hair, which makes people feel light, beautiful, and elf-like temperament, which is the soul of Angela Chang.

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Say goodbye to black LOOK, white dress with black straight hair, braided hair to make headwear, matching Angela Chang’s rich facial features, exquisite yet simple, mature and feminine, this is enough to have a sense of existence.

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But no matter what the appearance, Angela Chang is born on the stage. Returning as a singer, she always shines on the stage, blooming with her energy and confidence. The small body is extremely explosive, just like her determination to turn against the wind, she has more possibilities and more energy, and she wants to be seen by everyone.

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Once the idol drama queen, yyds

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Speaking of the idol drama queen in the early 90s, Angela Chang must have a name. In the debut work “Never Give Up”, Tian Yuxi with Qi Liuhai and pigtails, a small man, big eyes, a clean and green smile, made many people remember her.

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In “Dolphin Bay Lovers”, he plays singer Yi Tianbian with Xu Shaoyang and Huo Jianhua. The heroine in the play seems to be Angela Chang herself. She dreams of becoming a singer and also sings an episode in the play. At that time, Zhang Shaohan, who had Qi Liuhai with her big eyes, was cute and stubborn, and she was also the “model of first love face” at that time.

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In the subsequent “Aurora” period, she was a quirky little princess, with agile and unique temperament.

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After “Princess Little Sister”, the ratings were overwhelming, and the song “Invisible Wings” became popular all over the country. She is like a dazzling star that sings amphibian. It’s just that the world is unpredictable, and then Angela Chang was silent for nearly 10 years. In the end, she returned to the stage that belonged to her as a singer, and once again let us see the big energy in this small body.

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How to maintain the beauty of preservatives after 20 years of debut?

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Since her debut in 2001, Angela Chang has been in her career for 20 years. The young girl at the time has now become a big woman with full of aura. However, she was born with a baby face, at the age of 38, she has always maintained a girlish look and a slender figure.

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Angela Chang is petite, slender, but thin but not shrunken. We can see that Angela Chang’s figure is very linear and muscular. This is also due to her 7 years of fitness.

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As a singer, she not only needs to practice her lung capacity, but also has perfect lines, but also to show her best self to all fans at the concert, and she is always strict with herself. She will do aerobic exercises for 2 hours a day, and at the same time she will do some yoga to stretch, so that the body becomes more powerful and soft.

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In addition to fitness, Angela Chang is still insisting on abstaining from sugar. She did: do not drink sugary drinks; do not eat desserts; eat less particularly sweet fruits and yogurt. Especially for the artificial sugars in most foods, eat less or not, which has substantial benefits for the skin’s anti-oxidation.

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Although it is difficult for ordinary people to insist on abstaining from sugar, Angela Chang has persisted for ten years, so the skin is fine and fair visible to the naked eye, and the jaw line in the picture is also very tight. The little princess of Tong Yan is worthy of the name.

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In daily maintenance, Angela Chang is also meticulous. She spends a few hours every day to carefully remove makeup, cleanse, and massage. No matter how intense the work is, she will definitely set aside time for good skin care.

If she doesn’t have a job, she prefers to relax her skin without makeup.

Can you not love such Angela Chang? !

Image source: weibo

So less than a year, Angela Baby appeared on the cover of the Chinese-language version of ELLE magazine, the last time she appeared on the cover of this famous magazine was in August 2020. Compared to the image back then, this time Angela Baby had a completely different look, she wore fancy hair, took pictures with impressive personality expressions, not in the style of “great princess” as beautiful as many another set of pictures. Angela Baby wears all costumes and accessories in Dior’s Pre-Fall 2021 collection, her brand ambassador. Sharing in an interview with ELLE magazine this time, Angela Baby revealed the loving gifts that have empowered her in her life and career, namely: Cats, children, fans, windsurfing. , friendship… Angela also has some pictures taken with a black cat that looks extremely magical and eye-catching. Sharing her advice on how to love herself, Angela Baby said extremely sincere words: “ Strength comes from the heart. Try to keep yourself in top shape, naturally you will have the energy to love all around you. If you are always anxious and irritable every day, you won’t even have the strength to love yourself. ” Angela Baby is currently the flower girl with the frequency of appearing on the covers of the biggest magazines in C-Biz. In the fashion miniatures at the same time, in the magazine and fashion segment, if Angela Baby is second, no one dares to be first. JEANIE According to Angelababy Duong Dinh / Yang Ying / 杨 颖 Vietnam Fanpage

Before appearing on the red carpet of T magazine’s event on the evening of April 10, as usual, Angela Baby’s studio released a series of excellent photos, making her name soar to No.5 hot search with keywords Angela Baby wears a rose wavy dress . But when it officially appeared on the red carpet, the dress despite being in the Haute Couture line made it netizen utterly disappointed. Pictures of Angela Baby in the photo set studio Received thousands of shares, she was as charming as a black rose, a dress to help highlight the white skin of the actress. It is known that this is a very new design of the Haute Couture line, in the Spring 2021 collection of Giambattista Valli. The dress is extremely sophisticated with layers of fabric stacked, giving the feeling that Angela Baby is mysteriously beautiful like a blooming black rose. But when it officially appeared on the red carpet, the dress despite being in the Haute Couture line made it netizen utterly disappointed. Image studio the more excellent, the image of Angela Baby on the red carpet loses points. The dress almost “swallowed” all of her slim body. Not to mention too dark red lip makeup also makes Angela’s face lose her delicate features. Her pose also does not show off her sexy back, shoulder and back. Much netizen lament that: “The black rose has turned into a burning Christmas tree, so sad!” This design is indeed beautiful if it is only for magazine photography, but to go to the red carpet does not seem reasonable at all. That’s how I know, not just things Haute Couture you can wear it anywhere, if you don’t pay attention, how high-end and expensive things can become a fashion disaster.

Angela Baby appeared with a dress that followed many netizen is the “worst from the beginning of the year” of the actress. The dress reminds them of a Christmas tree… burned black. Angela’s slim body is also “missing” with this dress. Victoria – Tong Thien wore a dress a bit better than Angela, but was criticized for having too much makeup. Her hairstyle is super simple and her lipstick also lacks the glamor needed for a red carpet event. Ngo Can Ngon makes it difficult to understand with a somewhat too simple and faded set, this is a red carpet event, not going to your birthday, Can Ngon! Truong Vu Ky appeared with an extremely “tight cut” gold-gold dress, but the too-hard material of the dress plus the show of a huge round of glittering showed the opposite reaction. Almost not one netizen Who can give a compliment to Truong Vu Ky’s image this time. Au Duong Na Na is praised for her beautiful face, but her outfit is too conservative, some netizens are not afraid to remind: “Going to the red carpet, not going to work, Au Duong Na Na?”. Supermodel Luu Van also caused disappointment with a dress like “a mermaid caught in a net”. Former Victoria’s Secret Angel Clown Mong Dao even more stunned because it made the audience almost do not recognize. Her face was too stiff and her tight outfit revealed her no-“supermodel” body. Dong Khiet wears an extremely confusing design, does not show off any beauty, on the contrary, she also reveals the disadvantage of “before and after as one”.

However, Liu Yifei is still not as good as Angela Baby, because Angela Baby is on two covers of two in the magazine continent in the same month, and also wears clothes from the collection. Haute Couture Dior’s latest, the brand for which she serves as the brand ambassador.

If the image of Angela Baby with her hair on May’s Middle ELLE was a surprise, the impressive aristocratic figure on Marie Claire Trung (also the May issue) is even more “quality”.

On the two versions of the cover, Angela Baby wears outfits belonging to the collection Haute Couture of Dior, she poses with a cold, extremely luxurious style. BST Haute Couture Dior’s this time was inspired by the cards tarot.

The series of images in Angela Baby’s pages are also extremely impressive and in style concept European kings of ancient times, from color to background are quite similar to the series of pictures in look book by BST Dior Haute Couture Latest.

Not just clothes Haute Couture of Dior, the actress also wears this high-end outfit from other brands in the series of photos. For example, this impressive massive dress belongs to Giambattista Valli, also in the collection Haute Couture latest brand.

And this is a design from the Alexandre Vauthier brand, and of course also belongs to the BST line Haute Couture Latest. The design is really not easy to shape and not easy to wear beautifully, but Angela Baby still receives a lot of praise.

Add a design Haute Couture Also, this is a product of Schiaparelli, really super hard to wear, but put in the whole set of photos, this is also considered an impressive picture.