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.Read 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 →
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 →
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 theRead 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 →
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 pulledRead More →
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 haveRead More →
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 pushingRead More →
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 inRead More →