Market Updates

Aug
15
“Delay In Tariffs …”

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 …

Aug
9
“The Latest From China…”

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.

Aug
2
“The Federal Reserve Cuts Interest Rates…”

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. 

Jul
26
“United Kingdom:  Boris Johnson Elected As Leader Of Conservative Party …”

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. 

Jul
19
“Germany’s Ursula Von Der Leyen …”

“Let us work together constructively because the endeavour is a united and strong Europe,” said Ursula Von Der Leyen, who will take up her new role on 1st November, as European Commission president.  The German conservative Ursula von der Leyen secured European parliamentary approval on Tuesday …

Jul
12
“The US FED Chairman’s Outlook …”

FED Chairman Jerome Powell set the stage for the rate cut this month, as records from policymakers’ latest meeting show increasing fears that the US-China trade war is indirectly causing businesses to hold back on buying equipment, giving workers a raise and hiking their prices. 

Jul
5
“OPEC Extends Oil Cut…”

OPEC agreed on Monday to extend oil supply cuts till March of next year, in order to support the price of crude amid the weakening global economy and the increasing US production.  OPEC and its allies have been reducing oil output since 2017 …

Jun
28
“G20 Summit…”

World leaders are meeting in Osaka, Japan, for a summit of the Group of 20 (G20) big economies, on Friday and Saturday…

Jun
21
“A Week Of Reversing Course for Central Banks…”

Central banks around the globe are moving towards policy easing amid the escalating US-China trade war that adds pressure on the world’s slowing economy …

Jun
14
“Greek President’s Approval For A Call For Snap Election …” 

The Greek president accepted a request from Prime Minister Alexis Tsipras to dissolve parliament on Monday triggering a snap election that Tsipras called for next month.  Tsipras called the snap election four months before the end of his term …

Jun
6
“The Mexican And US Talks …”

Mexico wants to persuade the Trump administration that US funding provided under a joint security scheme known as the Merida Initiative would be better spent on the developing of the Mexican southern border region than on military outlays. 

May
31
“Italy’s Clash With EU Over Budget Rules…”

Italy’s debt is proportionally the highest in the eurozone after Greece. Italian benchmark bond yields rose by 10 basis points on Tuesday, having increased around 11 basis points on Monday and marked the sharpest two-day rise in benchmark borrowing costs since the start of the year.

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