A majority of the ultra-wealthy expect a recession next year and are hunkering down
Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. Jim Watson | AFP | Getty Images More than half...
WTI Oil Outlook: Oil Price Holds Bearish Bias But Cracked Pivotal Supports Still Hold
WTI oil price remains in red on Tuesday despite Monday’s strong downside rejection at $57.33 and failure to close below cracked pivotal supports at $57.74 (10DMA) and $57.44 (Fibo 61.8% of $53.93/$63.12 jump). Weak economic data from Europe and Japan...
Hong Kong’s stock exchange was ‘late’ to make a bid for London’s, CEO says
Charles Li Xiaojia, Chief Executive of Hong Kong Exchanges and Clearing Limited (HKEx) attends OSC’s Money Talk Charity breakfast in Central. 15DEC15 (Photo by Paul Yeung/South China Morning Post via Getty Images) South China Morning Post | Getty Images Hong...
Deutsche’s Von Moltke on how he learned to stop worrying and love the cuts
Life for Deutsche Bank CFO James von Moltke at the moment means having to spend a lot of time defending his bank’s latest restructuring plans. After firing off a long letter in August to refute assertions made in an opinion...
The World Now Needs Weakening Dollar
Markets are in a state of precarious balance between good and bad news. China and the US continue to argue that they are moving forward in trade negotiations, which supports a mostly positive tone of Asian bourses. Besides, the markets...
US-China Trade Talks to Continue in Two Weeks, Euro Look into German Ifo
The forex markets are generally in tight range today. Risk sentiments improved slightly after US Treasury Secretary Steven Mnuchin indicated there would be a high-level trade talks with China in two weeks. New Zealand and Australian Dollars are trading mildly...
Market Morning Briefing: Aussie Remains Stable Above Its Support At 0.6760
STOCKS Right now it seems that India zigs while the world zags. Yesterday saw another strong rally in India while there was the expected consolidation/ profit-taking in most other global indices. It might be prudent to expect Indian indices to...
PBoC: China’s rate reform is no reform at all
By Rebecca Feng The PBoC’s lending rate reform needs to go further, say bankers The People’s Bank of China (PBoC) has reformed the loan prime rate (LPR), turning what was previously a sideshow in the domestic monetary system into the main...
Stocks making the biggest moves after hours: VEREIT, Transocean, Univar Solutions and more
People exit the New York Stock Exchange building along Wall Street in New York City. Stephanie Keith | Getty Images Check out the companies making headlines after the bell: VEREIT shares tanked nearly 12% before settling 2.3% under its closing...
Markets have been betting that Trump’s Twitter attacks on the Fed will move rates
President Donald Trump’s blistering and persistent attacks on the Fed are influencing how markets see interest rates and threatening the central bank’s independence, according to a new paper from the National Bureau of Economic Research. The conclusion came from looking...