China’s state banks close branches as coronavirus spreads
The People’s Bank of China in Beijing A provincial arm of one of China’s big-four state banks has taken a decision to close at least 10% of its branches, as coronavirus tightens its grip on Asia’s largest economy, Euromoney has learned....
Weekly Economic and Financial Commentary: Mildly Easing Momentum as Coronavirus Hits
U.S. Review Overarching Economic Themes Remain in Place Retail sales increased for a fourth straight month in January, underscoring the resiliency of the U.S. consumer. Fundamentals are solid and support our expectations for healthy consumer spending gains in coming months....
The Weekly Bottom Line: A Mixed Bouquet
U.S. Highlights Risk sentiment turned positive this week, as investors took developments related to the Covid-19 virus and a mixed bag of U.S. data in stride. Among the data reports, the NFIB survey indicated that American small businesses entered 2020...
Week Ahead: More Downside for the Euro?
This past week, markets seemingly have pushed past the number of new “adjusted” number Coronavirus cases. Although the number increased dramatically, these were cases that were under suspicion already, but could not be verified due to lack of testing equipment. ...
Week Ahead – Turning a Corner on COVID-19
Investors buoyed by apparent deceleration It’s been an eventful start to the year and not exactly in the way than anyone would have anticipated even two months ago. Once again, once the initial panic has passed, investors have taken the...
The decline of trading on Wall Street, explained
Wall Street used to be full of traders. Buying and selling stocks or bonds used to happen on the phone, in person or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading...
FX outsourcing is quick, but not always easy
Cost and time to market are two of the main motivations for outsourced FX execution. Regulation, fragmentation of liquidity and advances in electronic trading products and services have driven up the cost of in-house execution tools, which can take 12...
Consumer sentiment rises in February even amid the coronavirus outbreak
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment...
How Long Until US Stocks ‘Feel the Bern’?
The Democratic primary race, which will decide who will square off against President Trump at the November presidential election, has kicked off. The field of candidates remains crowded and the outcome uncertain, though national polls increasingly suggest that Senator Bernie...
Week Ahead – Flash February PMIs Eyed as Virus Outbreak Shows Few Signs of Slowing
The preliminary PMIs for February will take centre stage next week as they will provide the first insight into the possible impact of the coronavirus on the global economy. The flash releases in the Eurozone, Japan, the United Kingdom and...
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