US stock markets rise as Federal Reserve enters spotlight August 21, 2019 US stock markets have risen in early trading as investors hope for dovish signals from the Federal Reserve and retailers beat expectations. Read more: Germany sells 30-year bond with negative yields but demand weak Shares in giant general store chain Target surged over 18 per cent after the retailer beat profit expectations. Shares in DIY [...]
European stock markets rise as traders look to the Fed August 21, 2019 European stock markets have risen this morning as investors hope for dovish signals from the US Federal Reserve, which is due to release the minutes from its last meeting later today. The Fed will also meet for its yearly symposium in Jackson Hole, Wyoming on Friday, where chair Jay Powell is expected to hint at [...]
Bond yields fall as Trump calls for cut and ECB hints at stimulus August 20, 2019 Yields on global bonds have fallen following a renewed call for interest rate cuts from US President Donald Trump and dovish words from European Central Bank (ECB) board member Olli Rehn. Read more: Eurozone inflation falls to well below ECB target in July Trump yesterday evening called for a 100 basis point (one percentage point) [...]
Justin Thomas is in the box seat for the Tour Championship but the $15m FedEx Cup finale’s exciting new format means the race is far from over August 19, 2019 This week’s Tour Championship, the finale to the PGA Tour’s FedEx Cup, sees the debut of a unique new format which I wholeheartedly believe is an excellent idea for players and fans alike. Players will start the week on a score determined by their place in the FedEx Cup standings, so current leader Justin Thomas [...]
Dividends break record but uncertainty fuels slowdown August 19, 2019 Global dividends rose to a new record in the last three months, but investors held back their celebrations as growth cooled in the wake of rising global economic uncertainty. Shareholders were paid out $513.8bn (£422.8bn) in the second quarter of 2019, hitting an all-time high but rising at the slowest pace for more than two [...]
Trump’s blame game strategy is backfiring August 19, 2019 US President Donald Trump’s economic cheerleaders were out in force yesterday trying to convince American voters that all is hunky-dory with the US economy and the escalating trade war with China. “There is no recession in sight,” White House economist Larry Kudlow insisted, after 1,500 points was wiped off the Dow Jones in recent weeks [...]
US to extend Huawei license to buy American goods for 90 days August 17, 2019 The US is set to extend a reprieve given to Huawei that allows the Chinese tech firm to buy supplies from US companies so that it can continue serving existing customers. The “temporary general license” will be extended for a further 90 days, according to Reuters. Read more: Chinese forces exercise on Hong Kong border [...]
Danske Bank thinks US Fed will slash rates to one per cent by March August 16, 2019 Denmark’s biggest bank has predicted that the US Federal Reserve will slash its interest rate down to one per cent by March 2020. Danske Bank said it expects five more 25 basis point (0.25 percentage point) cuts between now and the Fed’s March 2020 meeting to “reflate the economy and markets”. Read more: Markets drop [...]
Watchdog’s ban on ex-Barclays executive holding senior positions overturned August 16, 2019 A ruling by the financial watchdog banning former Barclays executive Andrew Tinney from holding senior positions at financial institutions has been overturned. Tinney, former chief operating officer of Barclays Wealth, was also cleared of misleading the Financial Conduct Authority (FCA) and the US Federal Reserve Bank of New York, but a finding he “acted without [...]
Economy on red alert with yield curve close to inversion August 16, 2019 Both the US and UK yield curves are on the verge of inverting. The yield curve has been a reliable predictor of US recessions over the last four decades, less so in the UK. With only one exception, each time the yield curve has inverted, the US economy has entered a downturn within 18 months. [...]