Tensions between the U.S. and China flared up further again today. China reportedly rejected a U.S. proposal for the Security Council to meet over the issue, whilst U.S. secretary of state Mike Pompeo declared that Hong Kong is no longer autonomous from Beijing. This morning China is also reported to have approved the controversialRead More →
Too fast too soon? Blind hope or sensible policy? Governments around the world attempt re-opening, but is it too early? Will we be hit with a second wave of the coronavirus? Hope is that the worst of the pandemic is behind us now. How can we know? What does theRead More →
Vaccine progress As economies struggle to re-open around the globe and as the Fed said that they have more ammunition to fight the virus, came more good news of vaccine progress. Moderna Inc., a U.S. company, announced yesterday that human trials of its coronavirus vaccine showed good progress in allRead More →
The German economy is reported to have contracted 2.2% in the first quarter 2020, the worst period in 11 years, according to the Federal Statistical Office. The decline was worse than the 2.1% drop expected by economists. GDP from the fourth quarter was revised down to a -0.1% decline fromRead More →
Powell says virus poses lasting harm The U.S. economy faces unprecedented downside risks that could do lasting damage if policy makers don’t rise to the challenge, Federal Reserve Chair Jerome Powell is reported to have said. Fed Chairman Jerome Powell said more measures will likely be needed to pull theRead More →
European stocks slide European stocks fell Friday as German industrial production slumped. Investors were also waiting for U.S. jobs data due for release Friday at: 13:30 GMT. The coronavirus concern remains high! Industrial data readings German industrial production came in far worse than expected, with a 3.5% drop in DecemberRead More →
China announced on Thursday 6th February 2020 that it will halve tariffs on hundreds of U.S. products. China is reported to have said that tariff reductions for the relevant goods will take effect from the 14th February 2020. They were initially announced on the 1st September. Global markets climb GlobalRead More →
Just the slightest hint of positive news is all it takes to push markets up, especially in the U.S. Global growth worries? For all the understandable worries about the impact of the coronavirus – global growth outlook has been improving, monetary policies remain fluid and the U.S. earnings season, soRead More →
Global futures surge and European stocks climb on reports from China of a new treatment for the coronavirus Coronavirus treatment? Unconfirmed report China Global Television Network (CGTN) – covering a report from China’s Changjiang daily, note researchers are reported to have discovered that a combination of two drugs, as aRead More →
The retail investor China’s stock markets are primarily made up of retail investors – that is non professional investors – wealthy individuals, as opposed to institutional investors. It is reported that the retail investor in China own in the region of 80% of ‘A’ class shares on the Shanghai stockRead More →