Shoulder shrug! U.S. markets have pretty much shrugged off everything that’s been thrown at it for some time now – and markets are likely ignoring the carnage the coronavirus could bring. It does seem utterly astonishing to me that U.S. markets are trading at near all time highs despite theRead More →
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 coronavirus outbreak has been declared an emergency In a press conference on Thursday 30th January 2020, WHO director general, Tedros Adhanom Ghebreyesus, is reported to have praised China’s efforts to contain the outbreak. He went on to say, that there was no need to interfere with travel and tradeRead More →
Scheduled market events U.S. – The Federal Reserve due to announce interest rate decision at: 19:00 GMT followed by press conference at: 19:30 GMT. U.S. current interest rate is: 1.75% – the consensus is for it to remain at 1.75% Germany – consumer confidence survey data due UK – NationwideRead More →
Scheduled events 22nd January 2020 World Economic Forum at Davos. UK public sector net borrowing data due. Canada price index data and interest rate decision due. U.S. housing data. Shares in Asia made gains, as earlier investor concerns about the coronavirus in China eased. Netflix results Netflix reported results forRead More →
The United Kingdom actually reported a trade surplus yesterday, something it failed to achieve since the mid-1980’s. Trade surplus Data published by the Office for National Statistics (ONS) yesterday showed November’s trade surplus was £4031 million, a sensational record high and compares with a record £8145 deficit in March 2019.Read More →
Or should that be indices U.S. stocks have shown remarkable resilience in recent years. All rise They have all climbed ever higher, breaking new records despite many uncertainties circling the U.S. economy such as, Trump’s impeachment, allegations of election shenanigans, allegations of model payoffs, recessionary fears, inverted yield curves, droneRead More →
U.S. economic growth pushed up slightly in the third quarter, the U.S. government confirmed on Friday 20th. December 2019 There were signs the U.S. economy more or less maintained the moderate pace of expansion as 2019 came to a close. This was supported by a strong labour market. GDP –Read More →
UK GDP growth revised to 0.4% in third quarter of 2019 The ONS had earlier estimated that GDP grew 0.3% in the three months up to the end of September. It has now revised that figure to 0.4%. The Office for National Statistics said, ‘Quarterly GDP growth has been 0.3%Read More →