Stocks had a mixed trading. Dollar is steady

Stocks in Asia traded mixed today, with many markets closed for the Lunar New Year. The dollar edged lower and Treasury yields stabilized after gains. Australian shares had the biggest climb in more than two years after the results of a inquiry into misconduct in the financial services sector were not as bad as it […]

Facebook’s stocks are one of the most controversial

Facebook is expected to announce earnings for the fourth quarter of 2018 after the closing bell on Wednesday. Some analysts approach the report with caution after months of volatility of the company’s stock. “We think Facebook shares are among the most controversial in our range,” said analyst Mark Kelley. He places one of the lowest […]

What to expect from FED’s conference tonight at 21:00

Federal Reserve Chairman Jerome Powell has a problem – how to explain that Fed may soon begin to taper its ongoing asset-shedding operations without seemingly preparing for an impending recession. It was expected that this test would happen at a later stage of the year instead of the conference on Wednesday after the closing of […]

Global market liquidity could freeze like the water in Davos

Assumptions about global liquidity are wrong and market activity could freeze up quickly, according to the chief executive of Swiss bank UBS. Last month, the Dow and S&P 500 equity indices recorded their worst December performance since 1931 – the era of the Great depression. It was also the biggest of any monthly loss since […]

Sterling reaches 11-week peak on hopes for new Brexit plan

Sterling scaled an 11-week high on Friday after The Sun reported that Northern Ireland’s Democratic Unionist Party has privately decided to offer conditional backing for Prime Minister Theresa May’s Brexit deal next week. The pound has climbed about 1.8 percent this week, moving above the key psychological level of $1.30 to the dollar on hopes […]

Big Blue’s Big Day Lifts the Dow

International Business Machines (IBM) enjoyed a rare post-earnings celebration on Wednesday that led the Dow to a rebound from Tuesday’s losses. IBM, whose stock had suffered next-day declines after 16 of its past 20 quarterly reports, rocketed ahead by 8.5% following a fourth-quarter report released late Tuesday that included better-than-expected profits and guidance for 2019. […]

We are in a worse place than a year ago

A slew of geopolitical events over the last 12 months has meant the environment for investing has deteriorated notably since last year.Speaking at the World Economic Forum (WEF) in Davos, Martin Gilbert gave the U.S.-China trade conflict and the Brexit impasse as two examples of how market sentiment has been impacted. Since the last event […]

‘Plan B’ for Brexit

U.K. Prime Minister Theresa May is due to lay out a ‘Plan B’ for Brexit to lawmakers on Monday as she looks to secure a fresh withdrawal agreement before the March 29 deadline to leave the European Union (EU). As widely expected, May’s initial Brexit deal, or ‘Withdrawal Agreement,’ was rejected by a majority of […]

Goldman: Pound will rise against G-10 peers

The pound may advance against all its Group-of-10 peers this year as the risk of a no-deal Brexit has been declining, according to Goldman Sachs Group Inc. Sterling has strengthened for five straight weeks as the defeat of Prime Minister Theresa May’s Brexit plan last Tuesday was seen boosting the prospects of a second referendum […]