Markets Lower as COVID-19 Cases ex-China Surge
February 25, 2020COVID-19 UPDATE Confirmed cases of coronavirus outside China have continued to rise following the surge over the weekend. Monday saw Italy record 77 more cases to have 229 infections and…
IMF Declares Argentina Debt Unsustainable Paving Way for Creditor…
February 20, 2020COVID-19 UPDATE South Korea reported its first death from the coronavirus on Thursday bringing to five, the number of countries ex-China that have recorded fatalities from the virus. The number…
Sajid Javid Resigns as UK Chancellor after Power Struggle…
February 14, 2020UNITED STATES US Stocks were hurt after the sharp increase of corona virus cases on Wednesday in China. The Dow Jones Industrial Average was down 0.43% while the Nasdaq Composite…
Lebanon Parliament Passes Vote of Confidence in New Government
February 12, 2020UNITED STATES The S&P and the NASDAQ inked out fresh records in Tuesday’s session closing 0.17% and 0.11% higher respectively as investor optimism grew with signs of slowing in the…
Turkey Markets Roil as Idlib Conflict Escalates
February 11, 2020UNITED STATES US stocks started the week on a high with stocks notching records as investors focused on solid Q4 earnings. Restaurants Brands International, parent company of Burger King and…
Russia Signals More Easing Following Sixth Straight Rate Cut
February 10, 2020UNITED STATES A stellar jobs report on Friday was not enough to swing US stocks to the upside on Friday although stocks recorded gains for the week. The US economy…
Slump in German Production Returns Fears of Continued Eurozone…
February 7, 2020UNITED STATES The tariff reduction on $75 billion of US goods by China buoyed Wall Street on Thursday to close at fresh records. The 50% reductions, effective February 14, are…
Eurozone Services Start 2020 on a Solid Note
February 6, 2020UNITED STATES US stocks closed in the green for a third straight day as the Wall Street rebound continued amid indications that the economic impact of the coronavirus could be…
Bank of England Holds Rates but Lowers Growth Forecast
January 31, 2020UNITED STATES US stocks rebounded from the slide earlier in the trading session on Thursday to close higher as investors looked past coronavirus scares. The World Health Organisation declared the…
Stocks Rebound on Momentum from Positive Earnings
January 29, 2020UNITED STATES US stocks rebounded on Tuesday following the sell-off on Monday, the biggest since October. Positive earnings and positive economic data outweighed concerns over the spread of the coronavirus…