US cancels trade planning meeting with China, source says
The White House rejected a trade planning meeting with Chinese counterparts this week due to outstanding disagreements between the two sides over the enforcement of intellectual property rules. Officials from the U.S. trade representative’s office were set to meet with...
MARKET WRAP: Global Stocks React To Cloudy Outlook
Investors were not in the mood to take any risk Stocks The S&P 500 Index fell 0.9 percent as of 15:30 London time as investors react to IMF report The Stoxx Europe 600 Index dropped 0.5 percent, despite strong ZEW economic reading. The U.K.’s FTSE 100 Index failed...
WTI Oil Outlook: Deeper Pullback Not Ruled Out after Repeated Rejection at Daily Cloud Base
WTI oil holds in red on Tuesday and was down 2.4% since Asian opening, pressured by renewed pessimism over China’s economic growth slowdown and consequent lower fuel demand. The oil price moved lower after strong technical resistance (base of thick...
Japanese Yen Edges Higher, BoJ Rate Statement Next
USD/JPY has edged lower on Tuesday. In the North American session, the pair is trading at 109.43, down 0.23% on the day. On the release front, Existing Home Sales was unexpectedly weak, dropping to 4.99 million and missing the estimate...
Yen Strengthens With Markets in Mild Risk Aversion, Australian Dollar Tumbles
Mild risk aversion is the main theme in the financial markets today. Selloff started in Asia, in particular in China, and spread to European session. Japan 10-year JGB yield also turned negative again. In the currency markets, Australian Dollar leads...
The largest beer company in the world upgraded at RBC after debt refinancing
Investors should buy shares of beer giant AB InBev — the largest beer company in the world — as a recent refinancing will lighten the burden from the company’s massive debt load, an analyst at RBC Capital Markets said Tuesday....
EUR/USD Slumps To 1.1340
During the previous trading session, the European Single Currency trade at the 1.1360 level as it was predicted. On Monday morning, the rate was located at 1.1352. In regards to the near-term future, most likely, the currency exchange rate will...
Germany banking: NordLB shows urgent need for reform
Publicly owned regional wholesale banks were part of the financial architecture behind Germany’s post-war economic miracle. However, globalization and European integration – especially the advent of a stronger EU single market and competition framework – has rendered the Landesbanken increasingly...
Sterling Soft on Brexit Stalemate, Yen and Dollar Higher
Sterling is trading lower in Asian session today as UK Prime Minister Theresa May’s uninspiring statement did nothing to break the stalemate. But, commodity currencies are equally weak, if not weaker, following decline in the stock markets. There is no...
Markets Rebound From China Slowdown On Trade Hopes
FX – Dollar not slowing down despite holiday and ongoing partial shutdown The US dollar is mixed against major pairs on Monday. The Martin Luther King holiday in the States did not slow down the dollar at the beginning of...
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