$DIA, $SPY, $QQQ, $RUTX, $VXX Some on Wall Street see a sharp reversal hitting this year’s stock market rally now that fast-money quants have ramped up their speculative bets. But the real money has the potential to come in and lead even if these systematic players slow down. Tepid inflows into mutual funds and exchange-traded […]
President Trump’s answer to impeachment: The Economy The impeachment trial of President Donald Trump has started. But our financial markets do not care much about it. In part this is because the result is certain, President Trump is exonerated. Meanwhile, the President’s twitter feed has been very active on trade. This time it was French […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, White House Top economic advisor Larry Kudlow predicts that economic growth will surpass at least 3% this year. “I am looking for faster growth: I think we’re going to get 3% this year,” Mr. Kudlow said on TV. “The trade deals will help, the Fed changed policy — that was very, […]
In a January 2020 article in The Atlantic, “researchers … say opioid addiction looks like the result of a perfect storm of poverty, trauma, availability and pain.” Commenting on some of the research cited in that article, David Powell, senior economist at Rand, told The Atlantic that to produce the most lethal drug epidemic America has […]
$LEN, $TOL, $KBH A revitalized US housing market will help keep the economy moving along despite a potential threat posed by a derailment in corporate spending. Home construction outlays, which account for almost 4% of GDP increased for a 5th month running in November, marking a welcome departure from a yearlong slowdown. Buyers, their confidence […]
For now US monetary policy is in a holding pattern, but the Fed’s next move may be to cut interest rates given signs the economy may be weakening “The fact that job growth appears to be more muted and wage growth is slowing doesn’t tell me we are running out of workers, it tells me […]
$SPY White House economic adviser Larry Kudlow believes the US economy will continue to grow at a robust pace as the Y 2020 election season proceeds. “This continuing Bull market run indicates a lot of investor, consumer and business confidence, in my judgment,” Mr. Kudlow said. Early in Fridays session, the DJIA broke above 29,000 for […]
$DIA $SPY $QQQ $RUTX $VXX US stocks will continue to rise this year on very little chance of a recession, and low inflation driving steady economic growth, with real GDP growing around 2.0%, and inflation remains below 2.0%. That is our outlook for Y 2020. We do not see a recession in this year’s US […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The Trump policies are working to Make and Keep America Great! The Fed’s FOMC policy making committee saw much less risk of recession at its most recent meeting last month, when it kept interest rates steady after 3 straight cuts and signaled that it expected to keep low rates unchanged […]
$EYE, $CSGP, $LOW, $ALLY, $PYPL, $VRTX Going into Y 2020, the market is optimistic that economic growth can continue, especially with diminishing tariff pressures and a Fed on hold. Morningstar has identified some of the best performing fund managers, all of whom beat their benchmarks both in Y 2019 as well as on a longer-term […]
$JPM There is an old adage that for the stock market to rise you have to see participation from the financial sector. It makes sense if you consider that a strong market and a good economy would boost the overall perceived value of money and finance. JPMorgan Chase & Co. (NYSE:JPM) is the King of […]
$USD After 4 rate hikes in Y 2018, the Fed cut interest rates 3X in Y 2019, making a remarkable and sharp U-turn in its monetary policy. The big shift reflected that Fed officials’ assessment of potential risks to the US economy has dramatically changed over the course of the year, due to slowing global […]
$AAPL, $MSFT, $VMW,$CYBR, $ZS, $PANW, $WORK After a strong Y 2019 for the broad markets in general, and the tech sector specifically, Y 2020 poses an interesting Question on what is next for this sector. Wedbush analysts believes that there is clear momentum for the tech stocks as a number of transformational trends such as […]
$DIA, $SPY, $QQQ, $RUTX, $VXX By almost every measure the US economy did well in Y 2019 though growth was slower than Y 2018. For next year, contrary to the consensus view from most economists, economic growth will accelerate. And growth could increase even more after Y 2020. President Trump has set the stage for […]
There a many reasons why 75%+ of American voters approve of the economy under President Trump, here are 10 of them, as follows: This week a poll declared that 76% of American voters say the economy is very good or “just plain” good. And 60% of large and small business owners say they approve of President Trump’s […]
After 3 interest rate cuts this year, the economy is in good shape 2 Fed policy makers said Wednesday, underscoring the consensus at the Fed for keeping borrowing costs where they are for the time being. “I think the economy is doing remarkably well,” Chicago Federal Reserve Bank President Charles Evans told the Economic Club […]
President Trump’s economic approval numbers surged back to their highest levels in a year despite impeachment proceedings, according to the CNBC All-America Economic Survey. The survey shows 49% of Americans approving of the president’s handling of the economy, up from 42% in September and the highest mark in a year. The poll of 800 Americans […]
Wider, deeper opening up to reshape China’s economic landscape Opening up has been among the major policy moves that underpinned China’s huge economic growth over the past decades, and even though protectionism is on the rise, the country has been steadily delivering its promise of opening its doors wider. At a Key economic conference earlier […]
President Trump continued to lash out at the Fed and urged the policy makers to again slash borrowing costs and inject cash into the economy. “Would be sooo great if the Fed would further lower interest rates and quantitative ease,” Trump tweeted. QE, also known as large-scale asset purchases, is a monetary policy whereby the Fed […]
Monday, white House economic adviser Larry Kudlow said trade deals with China, Canada, and Mexico will strengthen the economy, adding that exports will double with China under the P-1 of President Trump’s new agreement. “These deals are both pro-growth and yeah, they do remove some uncertainty,” he said. “They also increase incentives to invest…I think […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Am seeing earnings revival boosting stock rally in Y 2020 But 1st, this is what happened last week: The Federal Open Market Committee (FOMC) has held steady and is not going to raise rates in Y 2020. Chairman Powell is also open to bond purchases. The Consumer Price Index (CPI) […]
US Treasury Secretary Steven Mnuchin said Saturday a “P-1” trade deal between the United States and China was “very good” for global economic growth, and added that the 2nd phase could come in several steps. The United States and China cooled their trade dispute Friday, announcing a “P-1” agreement that reduces some US tariffs in […]
$SPY, $RUTX, $USD Last Christmas, the longest Bull market in our lifetime came within points of dying as the Fed raised interest rates. Some pundits say that every 3 years or so something pushes the Bull market to the brink of extinction, before a last-minute escape, that there is a record of support that underpins […]
Rising real estate prices helped drive US household wealth to $113.8-T in the July through October frame, a report by the Fed showed Thursday. That compares to an downwardly revised $113.3-T net worth for households in Q-2 of Y 2019, the Fed said. The US economy is experiencing its longest expansion on record and households and households […]
Saudi Arabian oil company Aramco surpassed Apple (NASDAQ:AAPL) as the world’s most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange. The shares’ 10% rally brought state-owned Aramco’s value to $1.88-T. The 1.5% of the company that is listed has raised $25.6-B, a record for an IPO. As of […]
President Trump has “added more than 7 million jobs” during his time in office, a Treasury official said at the weekend. Monica Crowley, Assistant Secretary of Public Affairs at the Treasury Department, gave in a radio interview following the administration’s announcement last Friday that payrolls increased by 266,000 in November, far above Wall Street expectations. […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The DJIA Rose 337 pts on Robust Jobs Data, China Trade Hopes Friday, White House economic adviser Larry Kudlow declared that President Trump’s policies and strategies have reshaped the US economy and has put Americans back to work. “America is working. We are in an American workers’ boom with respect […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, $GS We agree with Goldie, the US stock market is going higher. The MSM is backing away from its predictions of a recession. As now a Top Wall Street firm has aligned with our work and forecasting that there will not be a recession in Y 2020 Goldman Sachs aka […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Americans increased their spending in October at the fastest rate in 3 months even though income growth was essentially flat, its weakest showing in 13 months. The Commerce Department said Wednesday that consumer spending rose 0.3% last month, the best gainer since a 0.5% rise in July. An inflation gauge that is […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Initial claims for the week ending 16 November were unchanged at 227,000 (consensus 216,000). Continuing claims for the week ending 9 November were up 3,000 to 1.695-M. The Key takeaway from the report is that initial claims have been more elevated than usual in recent weeks, suggesting perhaps that they have […]
The United States will raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade dispute, President Trump said Tuesday, threatening an escalation of the action that has damaged economic growth of the world’s 2nd largest economy severely. Speaking at a cabinet meeting at the White House, President Trump said […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 (+0.1%), DJIA (+0.1%), and NAS Comp (+0.1%) eked out incremental gains to close at record highs Monday. The Russell 2000 (-0.3%) closed in negative territory. Before President Trump, China has intended to take over the world. White House economic adviser Larry Kudlow proclaimed that President Trump will […]
$DIA, $SPY, $QQQ, $RTUX, $VXX The benchmark S&P 500 stock index posted a slim gainer Tuesday as President Trump said the United States is close to signing an initial trade deal with China and lauded the economy. The S&P 500 and NAS marked all-time highs during trading but stocks ended off session highs with investors […]
$DIA, $SPY, $QQQ, $RUTX, $VXX “Efforts to stimulate global economies are boosting equities in a way I have never seen before.”– Paul Tudor Jones Mr. Jones also said Tuesday that next year’s Presidential election “will be more meaningful than any in my lifetime.” Governments and central bankers from Japan to the US are taking steps […]
The worst may be over for the world economy’s slowdown. A wave of interest-rate cuts by central banks including the Fed and mounting expectations of a US-China trade deal are buoying confidence in financial markets just as Key economic indicators show signs of stabilization after recent declines. While a robust rebound may not be here […]
$GS The chances that the US economy skids into a recession are “not significant” near term as American households extend the expansion and trade tensions appear to be easing, the CEO of Goldman Sachs Group Inc (NYSE:GS) said in an interview. “I’ve said that I still think the chance of a U.S. recession between now […]
Expect China to push for lasting business environment improvement nation and worldwide on the coming resolution of the US trade dispute. More efforts should be made to promote a continuous improvement in China’s business environment nationwide, an official said Monday. Improving the business environment is an important guarantee for further opening up to the outside […]
Pretax profits in the securities industry reached $15.1 billion in the first six months of 2019, an 11 percent increase over the same period last year, and the best start in a decade, but a slowdown in the global economy and other factors pose threats to second half profits, according to State Comptroller Thomas P. […]
The Pelosi/Schiff House led impeachment investigation Vs President Donald Trump is all about the collapsing the economy. “This economy is the best economy in 30 years,” Christopher Ruddy said in a TV interview Thursday, referencing the insights of Yale economist Robert Shiller. “He is not known for being a Republican,” Mr. Ruddy said. “An incredible […]
$XAU, $OIL, $USD A Russia official reportedly has declared that Moscow can thrive despite falling Crude Oil prices because of its massive gold holdings and the government’s efforts to reduce reliance on energy resources, Russian Finance Minister Anton Siluanov said that while Moscow is satisfied with the current price of Crude Oil, possible market turmoil will […]
$SPY, $SPX, $SPLRCT, $USD, $EUR, US companies are preparing to report Q-3 earnings following a few months grappling with a US-China trade conflict undermining the business environment and an overall economy that has been showing signs of slowing. Among S&P 500 (SPX) earnings for the July-September frame look set to mark the weakest performance in […]
As tariffs loom on $7.5-B worth of tariffs on European goods, leaders in those countries “respect” President Trump and how his policies have worked to improve and grow the US economy, US Ambassador to Germany Richard Grenell said Friday. “I’ll tell you one thing, they respect him,” Amb. Grenell said in a business interview, after […]
The Chinese government is buying stakes in private companies to keep them afloat amid economic troubles in the country, the WS-J reports. The government has taken steps in the past few decades to move from state-owned businesses to private enterprises, since their public-sector companies tended to lag behind private firms in terms of efficiency and innovation. […]
Thursday, US Commerce Secretary Wilbur Ross said that trade uncertainty issues are giving China “real” structural problems, as the nation’s supply chains are starting to “hollow out.” “China is no longer really the cheapest place in the world to manufacture,” Secretary Ross said in a TV interview, adding the US does not know what China wants […]
$DIA, $QQQ, $SPY, RUTX, $VXX President Trump Tweeted: “Fed, Powell ‘Fail Again’”After FOMC Rate Cut The Fed cut interest rates for the 2nd time since July, and it was not enough for President Trump. President Trump assailed policy makers just mins after their decision Wednesday to cut the benchmark interest rate by 25 bts. “Jay […]
US House Judiciary Chairman Jerry Nadler and other House Democrats are pushing for “imaginary impeachment” proceedings against President Trump that “nobody in America” wants, House Minority Leader Kevin McCarthy declared Tuesday. “There are no facts for it,” the California Republican said in a TV interview. “Here is Nadler who campaigned to become chairman on the […]
UK Prime Minister Boris Johnson said Sunday the next few days will be key to his chances of securing a BREXIT deal, and that an agreement with the EU is his aim and still possible. With less than 7 wks remaining until Britain is due to leave the European Union, PM Johnson has yet to […]
$DIA, $SPY, $QQQ, $RUTX, $VXX With US-China trade tensions having roiled financial markets, investors are counting on support for stocks coming from a Fed willing to keep cutting interest rates to help the US economy avoid a severe downturn. A 1/4th pt rate reduction is expected when the FOMC issues its next policy statement this […]
Attention: Now what really matters is just what the President does and is going to do. President Trump blames the Fed for a slowing US economy, some blame it on him. A survey conducted with YouGov showed 28% of American adults believe the President in general is most responsible for the economy. That surpasses the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street finished higher on the strength in growth and value stocks President Trump met with economic aides Wednesday to discuss the possibility of cutting the tax on capital gains by indexing them to inflation His advisers updated on the issue, and a final decision on whether to pursue the […]
$XAU, $GLD $USD Russia and China are stockpiling gold, helping to drive the precious Yellow metal to its highest marks in more than 6 years. The People’s Bank of China has added about 100 tonnes of gold to its reserves since December. Russia has bought 106 tonnes bullion so far this year. “They can read the […]
China’s exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world’s 2nd-largest economy and underlining a pressing need for more stimulus as US-China trade tension escalates. Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper […]
$XAU, $GLD, $USD, $XAUUSD Friday, Gold saw choppy trade. The price action suggests that traders have fully priced-in the latest round of global central bank rate cuts and are now waiting to see if those cuts are having an impact on the global economy. The price action also indicates that gold may be fairly priced […]
This tight US labor market is manifesting a booming demand in industries with an abundance of female workers is drawing more women back into the workforce, helping to shrink the longstanding gap in the labor participation rate between men and women to the narrowest on record a report showed Friday. Other parts of a report […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The stock market finished mixed Friday; the S&P 500 (+0.1%) and DJIA (+0.3%) closed just above unchanged, while the NAS Comp (-0.2%) and Russell 2000 (-0.4%) closed slightly lower. On Friday, Fed Chairman Jerome Powell said the most likely outlook for the US and world economy is continued moderate growth, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, US stocks spiked on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks in early October, while at the same time strong US economic data eased fears of a domestic slowdown. The ADP National Employment Report, considered a precursor to the Labor […]
South Africa promised Thursday to tackle the prejudice fuelling a wave of deadly riots and xenophobic attacks, as international anger over the violence overshadowed a pan-African economic conference in Cape Town. President Cyril Ramaphosa said at least 10 people had been killed during the past week,2 were foreigners. “Our country has been deeply traumatised …by […]
US services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession. The upbeat reports Thursday took some of the sting from data this week that showed the manufacturing sector contracted for the […]
$DIA, #SPY,, $QQQ, $RUTX, $VXX Wall Street posted mixed results on Friday on month end re-balancing ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were set for levy. The DJIA .DJI rose 37.4 pts, or 0.14%, to 26,399.65, the S&P 500 .SPX gained 1.45 pts, or 0.05%, to 2,926.03 and the […]
Again Friday, President Trump hammered the Fed in 3 Tweets; declaring in 1 that the US economy does not “have a tariff problem, we have a Fed problem.” “The Euro is dropping against the dollar ‘like crazy,’ giving them a big export and manufacturing advantage … and the Fed does NOTHING!” President Trump said in 1 […]
Europe’s BREXIT drama is fast moving to a new climax, threatening to sow chaos for businesses just as a large part of the European continent is headed to recession. A disorderly exit is a worst-case scenario that both sides have been trying to avoid since the BREXIT vote 3 years ago, and many experts now […]
French President Emmanuel Macron is still calling for a new global economic order, decrying an “unprecedented crisis” in the market economy in an attempt to become the leader of the EU, a failed socialist experiment that is falling apart. Amid what he calls the uncertainty of US trade policies, Mr. Macron said the market economy […]
President Trump has threatening to use the emergency authority granted by a powerful federal law to make good on his Tweeted “order” to US businesses to cut ties in China because of the escalating trade dispute between the 2 nations. China’s announcement Friday that it was raising tariffs on $75-B , nothing in a $32-T […]
US Treasury Secretary Steven Mnuchin said Sunday all leaders gathered at the G7 Summit in France are talking about the US economy as “the bright spot in the world.” In a TV interview Sunday Secretary Mnuchin said the leaders at the G-7 meeting want to “replicate” the economic policies of President Trump and his administration. […]
Squabbles erupted among G7 nations Saturday as their leaders gathered for an annual summit, exposing sharp differences on global trade tensions, Britain’s exit from the EU and how to respond to the fires raging in the Amazon rainforest. French President Emmanuel Macron, the summit host, planned the three-day meeting in the Atlantic seaside resort of […]
Major Asia Pacific markets rose by the close on Friday, as investors looked ahead to an important speech from U.S. Federal Reserve Chairman Jerome Powell later in the day. In Tokyo, the Nikkei 225 index gained 82.9 points, or 0.4%, to end the week at 20,710.91 Elsewhere, the Japanese yen traded at 106.64 versus the […]
U.S. unemployment benefit claims drop to lowest level since ’69. The number of Americans filing for unemployment benefits dropped to the lowest level in nearly half a century. The number of Americans filing applications for unemployment benefits decreased sharply last week, suggesting the labour situation south of the border market was holding firm despite a […]
$XAU $GLD $USD Friday, gold marked fresh 6-year high after the US-China dispute intensified and Fed Chairman Powell said the US economy faces “significant risks” from slowing global growth. Gold climbed after China announced it will impose additional tariffs in retaliation for President Trump’s latest planned tariffs. President Trump then said he would respond to […]
$SPY China’s announcement that it will impose new tariffs on $75-B worth of US goods is not something that should worry the stock market, but the announcement will boost support for President Trump, White House trade adviser Peter Navarro said Friday. “I think the risk here for China when it does things like this is simply to […]
The White House will not move forward with plans to cut billions of dollars in foreign aid, US officials said yesterday, after an outcry from Congress about what was seen as an attempt to sidestep lawmakers’ authority over government spending. President Donald Trump said he was considering scaling back the effort to cut aid on […]
Some of the Irish businesses most exposed to the risk of Britain crashing out of the European Union in 10 weeks are not very well prepared, Ireland’s government warned yesterday. The Irish economy is considered the most vulnerable among EU members to Brexit, with employment-heavy industries in rural areas among those relying most on doing […]
German Chancellor Angela Merkel warned Wednesday of the economic impact of a chaotic no-deal Brexit, hours before she was to receive British Prime Minister Boris Johnson on his first foreign visit. ‘The economic sky is not cloudless’, and global tensions and Britain’s impending departure from the European Union ‘are already causing us headaches’, Merkel told […]
$USD Thursday, President Trump said U economic growth could be record-setting if the Fed would lower interest rates further, as econ reports Thursday painted a mixed picture of the nation’s economy. “The Economy is doing really well. The Federal Reserve can easily make it Record Setting,” President Trump said on Tweeted. The government Thursday said initial claims […]
Wednesday, President Trump continued his pressure the Fed and its Chairman to lower interest rates, saying its policies were hampering US growth and reducing the country’s ability to compete economically. “Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t […]
The Planning and Statistics Authority’s recently released data shows 51% general increase in July 2019 in number of building permits issued when compared to June this year. The Planning and Statistics Authority (PSA) published the fifty-fifth issue of the monthly statistics of Building Permits and Building Completion certificates issued by all municipalities of the […]
Iran’s non-oil exports to Turkey have increased remarkably, while the energy trade between two countries also grows, Head of Iran-Turkey Chamber of Commerce Reza Kami told Trend. “The two countries have traded in all energy fields including electricity, oil and gas, that is a major part of bilateral trade volume,” he said. “Iran exports gas, […]
Sweetened beverages, sugary drinks and electronic smoking devices will be added into a list of excise taxable products by the United Arab Emirates (UAE). Effective January 1st of next year, the move will be cutting the use of harmful products and adjust the behaviors of clients, a cabinet general secretariat statement assured. The UAE is […]
Traders and investors have been asking what is the “inverted yield curve”, this unusual bond market phenom came on briefly last week for the 1st time in over 12 years and shook Wall Street with talk that an economic downturn was imminent. Following a tweet from President Trump referencing the “CRAZY INVERTED YIELD CURVE!”, the […]
Russian President Vladimir Putin has called on Europe to seek common goals, “which look unachievable today but may become inevitable tomorrow,” Trend reports citing TASS. “As far as the outlook for creating a common Europe from Lisbon to Vladivostok is concerned, it is not our idea. General de Gaulle voiced it a while ago. He […]
Fed Chairman Powell opens the central bank’s annual Jackson Hole symposium Friday with a speech on the challenges for monetary policy. A deglobalization shock ignited by President Trump’s trade policy; super low interest rates, including $16.7-N in negative-yielding bonds; a never-ending presidential assault on the Fed; and a rising risk of a US and worldwide […]
Monday, President Trump stepped up his assault on the Fed, urging it to cut interest rates by a full percentage point to aid global growth while complaining the “dollar is so strong that it is sadly hurting other parts of the world.” “The Fed Rate, over a fairly short period of time, should be reduced […]
A no-deal Brexit on October 31 could cause food, fuel and medicine shortages. According to government assessments leaked to the press. Despite Prime Minister Boris Johnson ramping up preparations in his first weeks in office. Johnson ordered government departments to “turbo-charge” contingency planning after taking power on July 24. Promising “all necessary funding” beyond the […]
The Fourth Industrial Revolution is reshaping the world of work. While policymakers in the West are struggling to respond, the task facing African governments appears even more daunting. In navigating the challenges and opportunities of the digital age, the continent’s policymakers must be willing to adapt and experiment. Most of today’s developed countries, and those […]
Global stock markets rose on Friday as investors put economic growth fears and trade jitters to one side, deciding that they had had enough drama and losses for one week. “We’re ending a turbulent week on a more positive note as exhausted traders the world over head into the weekend in a more buoyant mood,” […]
White House officials pushed back yesterday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. ‘There is no recession in sight, White House economic adviser Larry […]
The term globalization encompasses a range of social, political, and economic changes. Some disciplines including anthropology or sociology focus on cultural changes of growing interconnectedness, such as the expansion of brands like Nike and McDonalds, and the networked world through social media. Other disciplines such as economics track the exchange of finances, goods and services […]
One month into Deutsche Bank AG’s boldest restructuring effort yet, the world has turned against chief executive officer Christian Sewing. Or at least, Germany has. Fears of an economic recession and the spectre of even lower interest rates have taken a toll on banks across Europe. But for Sewing, who just pinned his bank’s future […]
Japan’s politically sensitive trade surplus with the United States grew more than 15 percent in July, data showed Monday, as negotiators from the two economic powerhouses prepare to restart talks over a free trade deal. According to Japanese finance ministry statistics, the trade surplus with Washington climbed to 579.4 billion yen ($5.5 billion) last month, […]
Sunday, President Trump said the economy is “doing very well” and dismissed concerns of recession, offering an optimistic outlook after last week’s dip in the financial markets. “I don’t think we’re having a recession,” President Trump told reporters as he returned to Washington from his New Jersey golf club. “We’re doing tremendously well. Our consumers […]
Treasurer Josh Frydenberg has issued a timetable for the government’s dealing with the recommendations from the royal commission into banking, superannuation and financial services, which aims to have all measures needing legislation introduced by the end of next year. The opposition has accused the government of dragging its feet on putting into effect the results […]
New machines popping up in Russian shopping centres seem innocuous enough — users insert their passport and receive a small loan in a matter of minutes. But the devices, which dispense credit in Saint Petersburg malls at a sky-high annual rate of 365 percent, are another sign of a credit boom that has authorities worried. […]
$DIA, $SPY, $QQQ, $RUTX, $VXX This week’s trade has been headlined by the yield-curve inversion theory, where the yield of shorter-dated debt rises above its longer-term counterpart. On Wednesday, the yield 10-yr T-Note rate briefly fell below the 2-year T-Note a condition that has sometimes been a recession indicator. The degree to which investors have crowded […]
China’s economy has grown to dwarf Hong Kong’s since 1997, but the mainland remains deeply dependent on the crisis-stricken city as its primary economic gateway to the world. The global financial hub has been shaken by 10 weeks of pro-democracy protests which could have an impact worse than the 2008 global economic crisis, Hong Kong […]
At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. However, the increased uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy remain tilted to the downside. In most advanced economies, […]
Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia’s trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking the second downward revision this year. The economy expanded 3.2 […]
Wednesday, President Trump said the Federal Reserve must cut rates “bigger and faster” for the United States to be competitive against other countries. The stock market reversed and finished mixed with a Very Bullish bias. Wall Street likes cheap money “Our problem is a Federal Reserve that is too proud to admit their mistake of […]
$USD The experts, the President, the IMF all say the USD is too strong in here, but managed money say it has room to run North. So, when will the Dollar Bulls turn to Bears? Since the trade dispute between the world’s 2 largest economies came to life in March last year, USD has gained […]
$XAU While money does not grow on trees per se, we have discovered that gold does. Scientists have revealed that gum trees from the Western Australian goldfields draw up tiny particles of gold via their roots and it ends up in their leaves and branches. The study published in Nature Communications recently providing the 1st evidence of […]
FLASH: Chinese side confirmed their commitment to increase purchases of United States agricultural exports. The US and Chinese negotiators wrapped up a round of trade talks on Wednesday with visible signs of progress and scheduled their next meeting in September in Washington, DC. Both sides issued brief statements after the 1st face-to-face meetings since President […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The FOMC cut interest rates as widely expected Wednesday, but Chairman Powell said he did not view the move as the start of a lengthy series of rate cuts. Fed Chairman Powell cited global weakness, trade tensions and a desire to boost too-low inflation in explaining the central bank’s decision […]
