Gold as a safe haven It is a well known fact that gold becomes a safe haven during uncertain times, and these are uncertain times. So it’s no surprise then that gold has increased in value during this period. At its highest in recent weeks, gold has reached: $1766 perRead More →
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 →
Market jitters On Monday, 18th May 2020 the markets basked in positive news pushing stocks up. Fed chair, Jerome Powell, said he had more ammunition to help the economy recover from its coronavirus hit. Then came more positive news from a U.S. pharmaceutical company, Moderna Inc., saying that their vaccineRead More →
Bounce, Recession or Depression? As economists, traders, investors, politicians and media pundits talk of economic recovery, many countries have already entered recession. The latest being Japan, the third largest economy in the world. The UK, Germany, France and Italy have all entered technical recessions. ‘V’ or not to ‘V’ ?Read 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 →
The UK economy shrank by 2%, the worst fall since the financial crisis of 2008. The Office for National Statistics (ONS) said the economy contracted by 2% in the three months to March, following zero growth in the final quarter of 2019. The decline was marked by a record fallRead More →
Money machines Central banks have been pumping money into their respective economies around the world. But it can’t go on forever, and at some point economies will have to learn to stand on their own two feet again. It won’t be easy. Coming out of lockdown Countries around the worldRead More →
Germany’s economy stagnated in the 4th quarter Germany released GDP data today, 14th February 2020 for the 4th quarter, showing there was no growth in Q4 2019 and that the annualised rate of growth was just 0.4%. A report in the FT estimates that this will drag down growth inRead 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 →