Market Updates

May
29
“The EU Lays Out A Rescue Plan…”

A plan was unveiled on Wednesday to support the economies that were hammered by the pandemic, hoping to end months of disagreements.

May
22
“Creation of A Recovery Fund…”

In Europe, France and Germany called for the creation of a 500-billion-euro Recovery Fund able to offer grants to the countries and regions that are hardest hit by the coronavirus crisis.  The proposal is for the European Commission to borrow money…

May
15
“FED Chairman Jerome Powell …”

In a closely watched speech Federal Reserve Chairman Jerome Powell gave an assessment of the US economic outlook on Wednesday. Powell is the latest of the policymakers to brush off the idea that…

May
8
Bank of England ….

Britain’s central bank kept the Bank Rate at its all-time low of 0.1 percent and left its target for bond buying, most of it, British government debt, at 645 billion pounds. The Bank of England held off from pumping further stimulus into Britain’s economy. 

Apr
30
“Federal Reserve Meeting …”

It has been a month like no other for the Federal Reserve.  The meeting was the first held by the FED since it took emergency steps in March and April to stabilize financial markets. 

Apr
24
“Oil …”

Prospects that supply would outstrip demand for oil for several months resulted in two of the wildest oil trading days in history this week. U.S. West Texas Intermediate crude futures closed at …

Apr
17
“The IMF On The Global Economy…”

According to the International Monetary Fund on Tuesday, the global economy is expected to shrink by 3.0% during 2020 amid the drop-in activity from the coronavirus that will mark the steepest downturn since the Great Depression of the 1930s.

Apr
9
“Market Update…”

Equity investors were encouraged as the death toll from the virus slowed in major European countries including France, Italy and New York.  The S&P 500 was on track to recoup about $1 trillion in market value on Monday after New York, the biggest US hot spot for coronavirus reported a fall in daily. 

Apr
3
“The Oil War Between Russia And Saudi Arabia…”

Global oil prices have fallen by roughly two-thirds this year as the coronavirus pandemic slammed global economies and major producers Saudi Arabia and Russia started to flood the market with oil.

Mar
27
“Actions By The European Union….”

The bloc has already suspended state aid rules and limits on public borrowing to allow member states to spend freely to cushion the economy from the impact of the coronavirus.  Amongst the measures, the European parliament on Thursday…

Mar
20
“Oil…”

Russia and Saudi Arabia have been fighting over oil market share after their three-year agreement to hold back production collapsed this month.  At this time of reduced global demand amid the spread of the coronavirus their pumping of crude oil flat out pushed crude prices to near 20 year lows this week.

Mar
13
“Market Wrap…”

On Monday the main indexes on Wall Street nosedived by 7 percent whilst Dow Jones Industrials crashed 2,000 points, in its biggest one day fall ever, as trading resumed after a 22 percent slump in oil prices.  Furthermore, trading in US stock exchanges was halted…

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