What a difference a day makes China’s stock markets steadied and Asian stocks recovered some losses after falling back on Monday. However, sentiment remains fragile as investors continue to fret over the growing human and economic costs of the coronavirus outbreak. Japan’s Nikkei 225 climbed nearly 0.50%, and Hong Kong’sRead More →
Chinese stocks sink 8% on first day of trading since 23rd January, amidst coronavirus scare Sharp drop but not shocking! Investor’s fears were realised after traders returned to their desks after an extended holiday period. Chinese officials attempted to allay panic selling before trading resumed by injecting liquidity into theRead More →
The World Health Organisation (WHO) will meet again on Thursday 30th January 2020 to decide whether to declare an international public health emergency over the coronavirus outbreak. Affect on businesses reported so far as global stocks react to the virus outbreak LVMH, owner of luxury brand Louis Vuitton says itRead More →
Stock markets fall Asian stocks drop as mounting concerns of the coronavirus take hold and investors fret over the potential harm to global economies. Markets around the world fell sharply on Monday. Japan’s Nikkei index fell by 2%. The FTSE 100 was down by 1.75%. European indices also suffer bigRead More →
Scheduled events Australia unemployment data comes in far better than expected creating nearly 29,000 jobs against consensus of 15,000. EU – ECB interest rate decision due at: 12:45 GMT followed by monetary policy statement at: 13:30 GMT U.S. – Unemployment ‘jobless’ claim data due at: 13:30 GMT Japan – BoJRead More →
Asian stocks have fallen as investors grow concerned that the spread of a new virus in China will impact economic growth. Beginning Thursday all public transportation was suspended in the Chinese city of Wuhan, where the outbreak is believed to have started. Asian stocks drop The Shanghai composite fell 2.75%Read More →
Data released today 17th January 2020, reports that China’s economy slowed to its slowest pace in 29 years! But it is slowing from a high and a remarkable period of sustained growth. Will a slowing economy affect the Phase One trade deal? If China’s economy is slowing, how does thisRead More →
U.S. stocks all rise to set new records yesterday, 16th. January 2020 The U.S. markets have enjoyed a stellar start to the new year, encouraged by a number of economic factors. Trade deal benefits Signing of the Phase One trade deal has lifted investor sentiment as it met expectations, howeverRead More →
It’s done! U.S and China signed their Phase One trade deal on Wednesday 15th January 2020. And the Dow, S&P 500 and Nasdaq reach new all time highs! The deal in numbers China bought $186 billion of U.S. goods and services in 2017 and now agreed to purchase an ‘additional’Read More →
President Trump is due to sign the U.S. China Phase One trade deal today, 15th January 2020. The deal is clearly a positive move in the right direction and very welcome. It’s definitely injected steroids into the U.S. economy and helped stocks enjoy an end of year rally. But willRead More →