FTSE 100 swings into red after Donald Trump announces tariffs on Brazil and Argentina December 2, 2019 US President Donald Trump has said he will restore tariffs on steel and aluminium imports from Brazil and Argentina in the latest salvo of his global trade war. The President tweeted: “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I [...]
Are we witnessing the US dollar’s fall from grace? December 2, 2019 November’s multi-asset chart of the month highlights how a global shortage of US dollars could be reversing. This could signal the beginning of a weak phase for the currency. A world in which money is scarce might appear to be a far-fetched idea. But for US banks in the business of taking deposits and making [...]
UK house prices: Growth hits seven-month high November 28, 2019 UK house price growth ticked up this month, showing the strongest annual rise since April. However, annual house price growth remained below one per cent for the 12th month in a row at 0.8 per cent, reaching an average price of £215.734. House prices were up 0.5 per cent month-on-month, according to the latest Nationwide [...]
Fed chair Jay Powell foresees ‘sustained expansion’ for economy November 13, 2019 US Federal Reserve chairman Jay Powell has said he foresees a “sustained expansion” of the country’s economy, in a testimony to Congress a day after President Trump ripped into the central bank. However, Powell said if a downturn should occur then the government would need to fight it with fiscal policy. Yet he said this [...]
Donald Trump defends China trade war but says a deal ‘close’ November 12, 2019 US President Donald Trump has doubled down on his tariff war with China in a major speech, accusing the country of “ransacking” the American economy, but also saying phase one of a trade deal is “close”. Read more: China trade expo yields results as US deal hangs in balance Talking at the Economic Club of [...]
What now as monetary policy runs its course? November 12, 2019 The UK looks set to reverse the course of austerity with all parties planning to ramp-up spending as the reality of a huge Brexit upheaval puts the pressure on both the treasury and Bank of England. However, despite the recovery seen in the post-2008 world, we have seen little upside in terms of interest rates [...]
Red Star Belgrade 0-4 Tottenham: Spurs banish their demons with another rout of Serbian side November 6, 2019 Last month’s seven-goal thrashing by Bayern Munich suddenly feels a long time ago for Tottenham. Back-to-back Champions League wins over Red Star Belgrade with an aggregate score line of 9-0 has gone a long way to banishing the ghosts of Bayern, leaving Spurs four points clear of the Serbian side in Group B’s second place. [...]
FTSE 100 flat as European traders await next US-China trade move November 6, 2019 European markets traded flat this morning, quietening down after several days of gains as investors waited for the next development in the US-China trade war. The FTSE edged down slightly less than 0.1 per cent, while the Dax remained flat and the Cac edged up 0.2 per cent. Read more: 15 minute daily walk could [...]
US stock markets hit all-time highs on trade war optimism November 4, 2019 The US’s three biggest stock markets hit all-time highs today as growing optimism about a US-China trade deal and loose global monetary policy caused investors to snap up risk assets. Read more: Donald Trump reveals ‘phase one’ trade agreement with China The benchmark S&P 500, the Dow Jones industrial average, and the tech-heavy Nasdaq had [...]
US factory orders fall in September as trade war bites November 4, 2019 US factories suffered a steeper-than-expected fall in orders in September, survey data has shown, suggesting the country’s manufacturing sector is still being held back by the US-China trade war. Read more: US Fed lowers rates but signals it is done cutting Goods orders in the manufacturing sector fell 0.6 per cent last month compared to [...]