Search Results for: wall Street
European stocks fell sharply Thursday; The biggest movers
June 11th, 2020
European stocks fell sharply Thursday as investors digested the latest comments from the U.S. Federal Reserve and fears of a second wave of coronavirus infections. The pan-European Stoxx 600 dropped 2.9% by the afternoon, with autos plunging 5.5% as ...
UPDATE: Emerging market currencies and Latam stocks
June 4th, 2020
Brazil’s real surged on Wednesday after industrial output in the country fell less than expected, while Latin American stocks surged as major global economies were seen recovering from the coronavirus’ economic rout. The real rose 2.4% to a near ...
What happens when the pandemic ends?
April 15th, 2020
Let’s assume that by the end of this year a combination of social distancing and some new and effective treatments convert covid-19 from existential threat to chronic nuisance and the economy starts to assume an air of normalcy. Which ...
Global stocks move higher ahead of crucial OPEC meeting
April 9th, 2020
Global stocks posted small gains on Thursday on hopes that the coronavirus outbreak may be slowing in the United States and Europe. Oil futures, meanwhile, are rising ahead of a meeting between Russia and OPEC to discuss production cuts. ...
Gold Is Now “Unobtanium”
March 30th, 2020
The Wall Street Journal just published the kind of article gold bugs dream of seeing in the mainstream press. Here’s an excerpt: “Coronavirus Sparks a Global Gold Rush Epic shortage spooks doomsday preppers and bankers alike; ‘Unaffordium and unobtanium.’ ...
Payments panic and the ending of fiat currencies
March 24th, 2020
The unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show on the road, and policy makers are approaching the task ...
The dollar slipped on Tuesday; The euro to dollar gained 0.8%
March 24th, 2020
The dollar slipped on Tuesday on signs tight funding conditions are easing slightly after the U.S. Federal Reserve pulled out all stops to supply much needed greenback liquidity. The Fed announced unlimited quantitative easing and programs to support credit ...
European stocks rally after historic sell-off; Stoxx 600 up 5%
March 13th, 2020
European stocks rallied on Friday during a volatile session after their worst sell-off in history, as the rapid spread of the coronavirus pandemic continues to dominate investor sentiment. The pan-European Stoxx 600 climbed 5%, with basic resource stocks surging ...
Bank of England cuts rates, and stock markets rise
March 11th, 2020
European markets opened higher on Wednesday despite a lackluster performance in Asia. Still, futures markets indicated that Wall Street could be in for a tough opening. Major indexes in London, Frankfurt and Paris opened 1.8 percent higher, shortly after ...
Why a bear market will lead to a dollar collapse
March 5th, 2020
Falling equity markets this week are likely to signal the onset of a bear market, responding to a combination of the coronavirus spreading beyond China and persistent indications of a developing recession. This has provoked a flight into ...
