The IMF forecast cast more doubt on the speed of global economic recovery as Covid-19 cases surge in the U.S. and in the America’s. Doubts over U.S. re-opening resurface and investors start to fret again as stocks lose momentum. Outlook downgraded The International Monetary Fund downgraded its outlook for theRead More →
Gold is a clear winner from the pandemic Gold was initially sold off in February and during the early part of March. But since then gold has made substantial progress from the March lows, mostly due to central bank stimulus activity. Gold was around $1775.00 as of Wednesday 24th June.Read More →
Markets whipsawed overnight as the U.S. – China phase one trade deal came into question. Doubt was cast over the deal after Peter Navarro, trade adviser to President Trump, said the U.S.-China trade deal was over, prompting a sharp fall in stocks. He was quickly forced to retract the statement,Read More →
Cases increase Coronavirus cases are reported to have surged in Brazil, U.S. and India, and increase again in Germany. Investors appear to be unfazed by this as they attempt shake off concerns and focus on the ‘expected’ economic recovery. Worldwide, governments continue to move ahead with the re-oping of theirRead More →
UK borrowing surges to pay for Covid-19 impact The UK’s debt is now worth more than its economy after the government borrowed a record amount in May 2020. The £55.2 billion was nine times higher than in May 2019 and the highest since records began. The borrowing sent government debtRead More →
More QE The Bank of England announced Thursday, 18th June 2020 more support by increasing QE – Quantitative Easing by injecting a further £100 billion into the UK economy. This increase brings the total to £745 billion. Bank policymakers voted 8-1 to increase the size of its bond-buying programme andRead More →
More stimulus The U.S. Federal Reserve announced it would start buying individual corporate bonds. The Fed said, ‘it will purchase corporate bonds to create a corporate bond portfolio’. The Federal Reserve is stepping things up again after recent comments left investors more than a little concerned about the pace ofRead More →
Stocks select reverse gear U.S. and global stocks went into free fall on 11th June 2020 as the Dow recorded a 1800 point drop in one session, and as investors mull COVID-19 spikes, the Fed’s outlook and jobless claims data. The Fed promised it will keep interest rates low untilRead More →
Shocking but no surprise! The UK economy shrank by a record 20.4% in April 2020 due to the damaging affects of lockdown. The monthly decline was outlined in figures reported by the Office for National Statistics (ONS). The GDP fall is three times greater than the decline seen during theRead More →
Doom and gloom? The Organisation for Economic Co-operation and Development, (OECD), has warned that the effects of the pandemic will be far reaching and will likely hit the UK harder than other comparable major economies. As the OECD reports of a very slow and difficult recovery for the UK, weRead More →