Search Results for: Trump
European stocks end lower; What is driving the market?
September 14th, 2018
Europe’s main stock gauge gave up modest early gains to close slightly lower on Thursday, with the U.K. leading the way lower as the pound strengthened against a broadly weaker U.S. dollar. What are markets doing? The Stoxx Europe ...
Emerging currencies hit 17-month low over fears of trade war escalation
September 12th, 2018
The sell-off in emerging markets deepened on speculation the US and China trade war will escalate. Currencies slumped to their lowest level since April 2017 as Goldman Sachs said its models signaled further declines for some developing nations. Stocks ...
Oil prices rose as U.S. drilling for new production stalled
September 10th, 2018
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. U.S. West Texas Intermediate (WTI) crude futures were at ...
Early Forex Review: Dollar advances against most currencies
August 30th, 2018
The dollar rose against most currencies on Wednesday, as optimism over a U.S.-Mexico trade deal gave way to concern that a conflict over trade between Washington and Beijing was not about to end soon. The deadline for public comment ...
Global economy is facing a ‘perfect storm’, warns BIS chief
August 29th, 2018
The problem with the current US policy of using tariffs to pursue trade and economic strategies is that they are such a crude tool to use within such a complex, sophisticated and global ecosystem. The Bank of International Settlements’ ...
European stocks hold steady; Stocks on Wall Street extended gains
August 29th, 2018
European markets ended on a mixed note at Tuesday’s close, with risk appetite sharpened by news the U.S. and Mexico had reached a deal to overhaul the North American Free Trade Agreement. The pan-European STOXX 600 was off 0.03 ...
Dollar steady against the euro and a basket of major currencies
August 28th, 2018
The dollar was steady against the euro and a basket of major currencies after the United States and Mexico agreed to overhaul the North American Free Trade Agreement, boosting optimism for an easing of global trade tensions. The agreement ...
Venezuela ties its currency to a state-run cryptocoin the Petro; Hardly anyone knows what to expect out of this
August 21st, 2018
Venezuela has just taken drastic and unprecedented steps to stabilize its currency as it grapples with hyperinflation and other economic issues. The country’s currency has not only been massively devalued and renamed, but is now tied to a state-issued ...
Early Review: European stocks finished higher; Investors keep a close eye on news out of Turkey
August 21st, 2018
European stocks finished Monday’s session higher, as investors awaited the outcome of trade talks between the world’s two largest economies, due to take place later this week. The pan-European STOXX 600 was closed up 0.57 percent provisionally, with the ...
Currency Woes
August 17th, 2018
This week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of ...
