Everything you need to know for the week ahead

The week will start after Saturday’s data showing a record contraction in China’s manufacturing and service sectors because of the coronavirus outbreak, underlining the extent of the potential impact on the broader global economy. Investors will also be closely watching comments from Federal Reserve policymakers this week, with the prospects of a March rate cut […]

Jim Cramer: Hope for the Best, Plan for the Worst

Is this the end of the world? No. You still need to plan for your financial well-being, even as the CDC tells us ‘this might be bad.’ You have to hope for the best but prepare for the worst. That’s… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

Global equities continue to advance after China’s new intervention

Global stocks edged higher after Chinese authorities launched new stimulus measures to steady the economy and curtail the impact of the coronavirus outbreak. The broad advance in global equities came after the People’s Bank of China cut an interest rate in a move that could pave the way for benchmark borrowing rates to be reduced […]

Oil rises after OPEC+ says to keep output cuts

Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East. Brent crude was up by 90 cents, or 1.3%, at $73.11 a barrel, having earlier touched $73.40, the highest since April 26. U.S. West […]

The Weakest Currency Of Them All

With U.S. equities rebounding for the third day in a row, the greenback traded higher against all of the major currencies on Thursday. Better-than-expected U.S. economic reports certainly helped as housing starts and building permits recovered from last month’s declines. Manufacturing activity in the Philadelphia region also accelerated more than expected while jobless claims fell. […]

China: April growth weakened due to distortions

Standard Chartered analysts point out that China’s activity weakened across the board in April with real growth rates of industrial production (IP), retail sales and fixed asset investment (FAI) slowing to 5.4% y/y, 5.1% y/y and 4%, respectively, in April from 6.4%, 7.0% and 5.2% in Q1. Key Quotes “The labour market was stable, with a lower […]

IMF cuts global growth outlook again

The International Monetary Fund again reduced its global economic growth forecast for 2019 on Tuesday, citing risks like increasing trade tensions and tighter monetary policy by the Federal Reserve. The fund said it expects the world economy to grow by 3.3% this year. That’s down from its previous outlook of 3.5%, which was also a […]

Oil prices rise, but fears of recession slow down growth.

Oil prices rose on Tuesday, boosted by OPEC cutting supplies and US sanctions against Iran and Venezuela, although fears of a potential recession have prompted markets to slow down growth. Brent oil futures were at 67.48 dollars a barrel, up 27 cents or 0.4 percent since their last closing. Western Texas futures (WTI) were at […]