Pound rallies on Irish backstop comments
July 19, 2019USA US stocks recovered from early losses to close in the green for the first time in three sessions. This followed comments by New York Fed President John Williams advocating…
Argentine inflation cools for third straight month
July 18, 2019USA US stocks closed in the red for a second straight day on a day of mixed earnings results and economic data while the lack of progress on trade talks…
US-China Trade Truce still “a Long Way to Go”
July 17, 2019UNITED STATES President Trump’s comments that a trade truce with China had “a long way to go” roiled US stocks to end a two-day run of record closes. The DOW…
Brazil Pension Bill Vote Delayed to August
July 16, 2019UNITED STATES US stocks closed higher in a second successive session of all-time highs on Monday as investors digested Citigroup’s outperformance in Q2 and awaited a wave of Q2 earnings…
China GDP Slows to Lowest in Decades
July 15, 2019UNITED STATES US stocks closed the week with new records in stark contrast to the performance at the start of the week when they closed in red territory. The dovish…
Bank of England Issues Warning over No-Deal Brexit
July 12, 2019UNITED STATES US stocks closed largely on a high after Fed Chair Jerome Powell’s congressional testimony on Thursday left investors feeling fairly confident about the odds of a rate cut…
Fed Chair Spurs Expectations of Rate Cut
July 11, 2019UNITED STATES Federal Reserve chair Jerome Powell put at ease investor fears that a rate cut may be delayed in the wake of strong US labour data during the first…
British Parliament Makes No-Deal Exit Harder
July 10, 2019UNITED STATES US stocks closed mixed on Tuesday after a late-day rally lifted the S&P and NASDAQ but was not enough for a recovery for the DOW which closed 0.08%…
UK Economy Likely Contracted in Q2
July 9, 2019UNITED STATES US stocks fell for a second straight session as the market continued to reconsider expectations for a deep rate cut by the Federal Reserve at the end of…
Erdogan Fires Central Bank Governor
July 8, 2019UNITED STATES US stocks closed in the red on Friday after a stronger-than-expected jobs report. The government payrolls report estimated that 224,000 jobs had been added in June compared to…