World shares are trading near record highs
June 30, 2021World shares are trading near record highs on Wednesday with 12% gain for the half-year following a strong US consumer confidence data. The markets have been supported by trillions of…
Russia plans another rate hike as inflation heats up
June 29, 2021US stocks closed mostly higher on Monday with the NASDAQ and the S&P closing at record highs. The NASDAQ led, up 0.98%, as the FTC’s antitrust lawsuit against Facebook was…
Delta variant concerns mount
June 28, 2021Asian markets have opened mixed this Monday morning as corona virus cases spike in the region hurting the sentiment. Last week, global shares reached record highs with weaker-than-expected US inflation…
U.S. agrees infrastructre spending package
June 25, 2021U.S. stocks rallied in the regular session and extended hours after President Joe Biden secured an infrastructure deal with Senators. The total cost of this deal will be $1 trillion,…
IMF to send Kenya $407 million, cites program advance
June 24, 2021A relatively quiet day yesterday in the U.S markets as the 10Y USTs were marginally higher in yields on hawkish Fed comments. Recent UST moves have been driven by Fed…
Fitch revises Ghana’s outlook to negative; affirms at ‘B’
June 23, 2021Focus was on Powell speech yesterday, as he sought to calm the markets with a dovish message. He said, inflation is mostly in areas that suffer supply shortages and that…
Belarus reels as EU announces sanctions
June 22, 2021US stocks rebounded from the slump that followed the recent FOMC meeting. The DOW led gains up 1.76%, its best performance since March while the S&P rose 1.40%. The NASDAQ…
Treasuries curve flattens with 30-year yields dropping below 2%
June 21, 2021We start this week in a risk off mode with Asian markets declining, as the last week surprise hawkish shift by US Federal Reserve is being processed by the investors.…
Investors unwind the reflation trades
June 18, 2021Investors’ risk appetite had faded midweek after Federal Reserve officials gave the clearest signals yet that they plan to gradually pull back the monetary policies that helped propel markets to…
S&P 500 slips as yields jump after FED signals…
June 17, 2021The dollar boasted its strongest single day gain in 15 months as the 10-year US Treasury yields jumped by the most since early March. The US Federal Reserve stunned investors…