More pain ahead for emerging markets as trade war gets hotter
Emerging markets could be headed for more declines this year — adding to already steep losses for 2018 — as trade tensions between the world’s largest economies increase and interest rates rise. The iShares MSCI Emerging Markets exchange-traded fund (EEM),...
BoC Review: Woah, We’re Halfway There (But the Other Half May Take a While)
The Bank of Canada increased its key monetary policy interest rate to 1.50% this morning (from 1.25%). This was the fourth increase in a year. In its statement explaining the decision, the Bank struck a neutral to slightly hawkish tone....
Gold Struggles as Global Trade Tensions Escalate
Gold has posted considerable losses in the Wednesday session. In North American trade, the spot price for one ounce of gold is $1246.24, down 0.74% on the day. On the release front, inflation reports narrowly beat their estimates. Core PPI...
Republicans appear helpless to stop Trump’s trade war
Congressional Republicans who oppose the Trump administration’s mounting trade conflicts around the globe appear increasingly helpless as the president threatens more tariffs on top trading partners. As a trade war with China could widen and damage a broader swath of...
China reportedly looks to ‘hit back in other ways’ in response to latest US tariffs
After the White House’s latest threat of tariffs on billions of dollars of Chinese goods, officials in Beijing are looking to “hit back in other ways,” according to a report by The Wall Street Journal. On Tuesday, the Trump administration...
Airdrops of free crypto tokens look set to replace ICOs
You don’t have to spend too much of your lunch hour trawling the polite corners of the internet – Facebook, Twitter, football supporters’ message boards – to pick up an invite from one of your virtual acquaintances to join Initiative...
May wholesale inventories revised higher
U.S. wholesale inventories were a bit higher than initially estimated in May amid strong increases in the stocks of machinery and a range of other goods. The Commerce Department said on Wednesday wholesale inventories increased 0.6 percent instead of the...
Dollar Marches On With NATO Showdown and US-China Trade War
Global stocks tumble as US escalated the trade war with China again today, moving on to the process to impose tariffs on additional USD 200B of Chinese goods. On the other hand, Trump is fighting allies of the US in...
Producer prices rose in June, leading to the biggest annual increase in 6 1/2 years
U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years. The Labor Department said on Wednesday its producer price index for...
EBA stress tests are past their sell by date
The European Banking Authority (EBA) stress test results came and went at the start of November and nobody paid them much attention. Are they even worth the effort anymore? This now looks like a test that the examiners – the...