U.S. GDP at -5% in first quarter

U.S. GDP

The U.S. economy slowed more than expected with the GDP reading for the first quarter coming in at -5%. Analysts have suggested that the second quarter GDP could be down by as much as 40% 1 in 4 Americans have lost their jobs Data yesterday, 28th May 2020, showed U.S. job losses increased again with nearly 41 million workers now unemployed. If it is possible for there to be a faint glimmer of hope at this time – the data does suggest that the trend is slowing. The weekly count…

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Stocks continue surge despite economic concerns

Stock Market

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 controversial security legislation for HK. Tensions are showing signs they could bubble up even more and potentially boil over – I worry about an embattled U.S. president in this election year facing a national crisis at home and what he may…

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European stocks slide amid weak data and coronavirus concerns

Stocks fall

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 December against expectations for a 0.1% rise. Manufacturing misery was aggravated further by a whopping 8.7% monthly slump in construction. French industrial production also fell further than analysts predicted in December. U.S. stocks U.S. stock futures slipped ahead of U.S. jobs…

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Trump trumpets triumphs

World Economic Forum

U.S. President Donald Trump yesterday used the World Economic Forum (WEF) at Davos to remind us of his success! Trump used the ‘global’ economic platform – (WEF) – to tout trade deals for U.S. Inc. and schmooze the business world elite to place his America first message back in the limelight. America first…again! Needless to say his ‘America first speech’ didn’t go down well. But, guess what – we all heard his message – even if he was quickly criticised for not showing respect for the ‘climate change activists’ after…

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U.S. stocks climb to new highs as U.S. and China sign Phase One trade deal

Bull Rally

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’ $200 billion in U.S. goods over the next two years as part of the Phase One trade deal. These ‘additional’ purchases will come in addition to the 2017 U.S. exports. The deal is reported to stipulate that China will buy…

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Trump set to sign trade deal

U.S. China Trade Deal

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 will it really meet market expectations – or will it be a non-event? Only part of the solution Stocks in Asia lost ground ahead of the deal signing after the U.S. Treasury Secretary was reported to have said U.S. tariffs on…

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Iran targets U.S. troop bases in Iraq with missile strikes

US and Iran conflict

Missile strikes Iran’s retaliation for the killing of its top military general came overnight as a number of missiles struck two U.S. bases in Iraq. Early reports appear to suggest that there were no casualties. President Trump tweeted, ‘All is Well!’ Oil prices increased as equities fell. Asian stocks pulled back with Japan’s Nikkei index down some 500 points in intra-day trading – later to close down at: 23205. U.S. stock futures fell too with the Dow falling some 400 points at one point as the news broke. Resilient However,…

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Will the U.S. China trade dispute now take second place over Iran?

Map of Middle East

Investors have something else to fret about right now as they worry that U.S. – Iran tensions may escalate. Iran has threatened retaliation in response to the U.S air strike that killed an Iranian military commander in Iraq last week. Oil Oil prices increased initially after the attack, but have since stabilised from their initial spike. Equities moved down initially but have since recovered some of their losses. They have yet to regain the high reached on the first trading day of 2020. U.S. shale production The international oil and…

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U.S. stock markets remain bullish despite escalating geopolitical tensions

Stock Market

Before Friday, U.S stock markets were still in a very bullish mood after stellar gains in 2019. After a recent number of positive data sets such as good employment, good company reports, revised GDP (up) and the Fed’s helping hand, markets remained extremely bullish. The FOMO brigade took over pushing the Dow, S&P 500 and Nasdaq to all time new highs. What was not to like? Mood swing Then the party mood changed dramatically as a U.S. air strike in Iraq killed a popular Iranian military commander. The mood changed.…

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Date set for signing U.S. – China Phase One trade deal

U.S. China Trade Deal

U.S. President Donald Trump announced 31st December 2019 that he will be signing the U.S. – China Phase One trade deal on 15th January 2020 in Washington. The deal, is expected to reduce tensions between the two countries. The U.S. president said, the treaty would be signed in Washington in the presence of ‘high level representatives’ from China. In a tweet the President also said, ‘At a later date I will be going to Beijing where talks will begin on Phase Two!’ Mr Trump recently called off plans for tariff…

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