Market Updates

“Suspension Of Parliament By PM Johnson Was Unlawful…”

Sep 27th, 2019

After Parliament was suspended, or prorogued in the formal term, from 10th September to 14th October, the UK Supreme Court ruled on Tuesday that Prime Minister Boris Johnson’s decision to shut down parliament in the run-up to Brexit was unlawful. 

“The Attack On Crude Facilities In Saudi Arabia….”

Sep 20th, 2019

An attack on Saudi Arabia over the weekend that shut 5 percent of global crude output caused Brent crude to post its biggest intra-day percentage gain since the 1991 Gulf War.  Saudi Arabia is the world’s biggest oil exporter and the attack on state-owned producer ….

“Fresh Stimulus Package By The ECB…”

Sep 13th, 2019

As Mario Draghi’s eight-year mandate as president of the European Central Bank draws to an end, the ECB approved a fresh stimulus package by cutting interest rates and approving a new round of bond purchases to push down borrowing costs even lower, kick-start activity…

“BREXIT ….”

Sep 6th, 2019

Boris Johnson on Tuesday evening lost his majority in Parliament as British lawmakers defeated him in a bid to prevent taking Britain out of the EU without a divorce agreement.  This prompted the prime minster to announce that he would immediately push for a snap election. 

“G7 Summit in Biarritz…”

Aug 30th, 2019

The leaders of the world’s major industrialised nations met at the French coastal resort of Biarritz on Saturday. Sharp differences emerged in areas such as global trade tensions, Britain’s exit from the EU and how to respond to the fires raging in the Amazon rainforest.

“Italy’s Political Situation …”

Aug 23rd, 2019

The head of the ruling 5-Star Movement, Luigi Di Maio, signalled the imminent demise of Italy’s coalition government on Tuesday.  He thanked Prime Minister Giuseppe Conte for his time in office.  On Tuesday Italy’s prime minister resigned after launching an attack on his own interior minister, Matteo Salvini…

“Delay In Tariffs …”

Aug 15th, 2019

The Trump administration will delay imposing a 10 percent tariff on certain Chinese products, including laptops and cell phone, that had been scheduled to start next month, said the Office of the US Trade Representative (USTR) on Tuesday.  The USTR said in a statement, other products whose tariffs will be delayed until 15th December include …

“The Latest From China…”

Aug 9th, 2019

China on Monday let the yuan tumble beyond the 7-per dollar for the first time in more than a decade.  Weakness in the official guidance rate came after heavy losses in the spot yuan as the tensions over the trade war between the US and China spread to foreign exchange policy.

“The Federal Reserve Cuts Interest Rates…”

Aug 2nd, 2019

In a statement at the end of a two-day policy meeting, the Federal Reserve cut interest rates by twenty-five basis points on Wednesday to 2 percent – 2.25 percent.  Fed Chairman Jerome Powell said the move might not be the start of a lengthy campaign to shore up the economy against risks including global weakness. 

“United Kingdom:  Boris Johnson Elected As Leader Of Conservative Party …”

Jul 26th, 2019

Boris Johnson was elected as leader of Britain’s governing Conservative Party.  On Thursday, the New Prime Minister Boris Johnson filled his cabinet with Brexiteers and vowed to leave the European Union on 31st October with or without a transitional deal. 

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