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 […]

Goldman & Morgan Stanley turns to bullish on EU

Europe has failed to create the right conditions for investors over the past year, but some say they expect quite pleasant surprises. Goldman Sachs shares the fact that the better data from the eurozone outlines the slowdown in the economy. This scenario is also shared by Morgan Stanley analysts, who point to Europe’s dependence on […]

Market recovery is not fundamental. We expect a correction after the strong rally

According to some Wall Street analysts, 18% rally on S&P500 is not fundamental. Shares are recovering on the background of a wave of growth concerns and revenue revisions from Wall Street. In fact, as the S & P500 rises again, the forecast for first quarter profit growth for S&P500 companies became negative, drastically reduced by […]