Chinese unemployment worries are growing as Beijing beefs up stimulus
Beijing is working hard to stop a slowing Chinese economy from hitting its workforce. In the last several weeks authorities have made a flurry of announcements, including tax cuts, monetary policy loosening and plans to support public spending. The push...
Retail: New Look debt swap is a sign of the times
“A jolt to the market could come from a well-known name in the retail sector facing difficulties. This could lead to a default which could impact the market. There are a large number of credit funds in, for example, New...
China’s Q4 GDP Growth to Flash Red
China will report GDP growth figures for the fourth quarter of 2018 early on Thursday at 0200 GMT, potentially injecting further volatility to the markets as investors search for more convincing clues on how bad the US-Sino trade war can...
Strong Earnings from BoA and Goldman are Driving Risk Appetite
US stocks are off to good start as Bank of American and Goldman Sachs posted strong earning reports. Bank of America delivered strong results with beats on both the top and bottom line, painting a better picture on the economy...
WTI Oil Outlook: Extended Triangular Consolidation Looks for Fresh Direction Signal
WTI oil stands at the back foot in early US trading on Wednesday, after recovery attempts in Asian session which peaked at $52.50, were short-lived. Tuesday’s bullish outside day pattern provided little support to oil price which stays congested within...
Sterling Firm in Tight Range as Focus Turns to PM May’s No-Confidence Vote
The forex markets are rather quiet today. Sterling, US Dollar and Canadian Dollar are the stronger ones The Pound is supported by increasing chance of a delay in Brexit, or no Brexit at all. Canadian Dollar is lifted as WTI...
US import prices fall; year-on-year drop largest since 2016
U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other goods, leading to the largest annual drop in more than two years. The report...
Goldman Sachs shares surge after fourth-quarter profit tops expectations
Goldman Sachs shares advanced after posting fourth-quarter profit and revenue that exceeded analysts’ expectations on strength in the firm’s investment banking and investing and lending divisions. The New York-based bank generated $6.04 per share in profit for the fourth quarter...
Banco Santander: Not the Italian’s Job
It seems scarcely believable that a world-leading bank should be able to botch an appointment of such importance as its own chief executive. Andrea Orcel However, that is exactly what Santander has done with its announcement on Tuesday night that...
Top 5 Emerging Market Currencies & How to Trade Them
Emerging market currencies are currencies backed by emerging market countries, such as the South African Rand, Mexican Peso or Brazilian real. Traders seek them out because they are generally more volatile than developed market currencies.Highly volatile currency pairs can offer...
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