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'Continued Economic Rebound': Stock Market Update For The Week Ahead
Sunday, October 18, 2020 - 1:38pm | 1695Read More...The Past Week, In A Nutshell What Happened: Last week ended positive alongside vaccine optimism and a retail sales beat. Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market...
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International Trade Estimates Plunge Alongside Other Economic Forecasts
Thursday, June 11, 2020 - 11:22am | 953Read More...International trade could contract 27% in the second quarter as the pandemic ravages global industries, according to the United Nations Conference on Trade and Development. “Assuming persisting uncertainty, UNCTAD forecast indicates a decline of around 20% for the year 2020,”...
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Monday's Market Minute: Markets Mull Oil Prices & Stimulus
Monday, April 20, 2020 - 8:29am | 241Read More...This morning’s focus will be oil prices and expectations for more stimulus to come as lawmakers mull a $500 billion stimulus package. First, crude oil: the May contract that expires tomorrow traded below 14 this morning in a clear reflection of supply concerns and demand destruction. Last...
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IMF Warns Asia Won't See Economic Growth For The First Time Since 1960s
Thursday, April 16, 2020 - 4:34am | 358Read More...The International Monetary Fund on Wednesday forecasted that Asia wouldn't see any economic growth in the financial year 2020. What Happened The global monetary cooperation organization said that Asia "is not immune" from the financial impact of the novel coronavirus (COVID-19)...
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14 Most Shorted European Stocks
Monday, November 25, 2019 - 3:45pm | 696Read More...European stocks have severely lagged U.S. stocks over the past year. In that stretch, the iShares MSCI EMU Index (BATS: EZU) is up just 6%, while the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 50.9%. Eurozone uncertainty related to Brexit, an economic slowdown in Germany and other factors have...
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As Draghi Exits ECB, More Signs Of Struggle In German Economy
Thursday, October 24, 2019 - 11:25am | 612Read More...Italian economist and former Goldman Sachs Group Inc (NYSE: GS) banker turned European Central Bank President Mario Draghi held his last press conference Thursday as he prepares to leave the position Oct. 31 after eight tumultuous years at the ECB. European leaders have nominated...
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IMF Cuts 2019 Global Growth Forecast
Tuesday, October 15, 2019 - 9:38am | 222Read More...The International Monetary Fund has released its latest World Economic Outlook and cut global growth. Global economic growth is forecast at 3% rate this year, the slowest pace since the 2008 financial crisis. The IMF has become more pessimistic about the global economy due to the higher import...
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New IMF Head: Recession Could Be On The Way
Tuesday, October 8, 2019 - 12:48pm | 491Read More...Brexit, geopolitical fissures and trade conflicts are threatening the global economy, Kristalina Georgieva, the new managing director of the International Monetary Fund, said in a Tuesday speech. Trade growth is nearly flat, and tensions have soured market sentiment, deterred investment and stunted...
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Canadian Economy Contracts In February
Tuesday, April 30, 2019 - 11:16am | 380Read More...The economy of Canada contracted modestly in the month of February as investors kept a close watch on global growth numbers in 2019. Statistics Canada reported Tuesday that Canada’s GDP was down 0.1 percent in February, missing consensus economist expectations of 0.1-percent growth....
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IMF Cuts Global Growth Forecast
Tuesday, April 9, 2019 - 10:05am | 466Read More...The International Monetary Fund is the latest major economic institution to temper global economic growth expectations for 2019. On Tuesday, the IMF reduced its full-year global growth forecast from 3.5 percent to 3.3 percent. Economic Headwinds In its new report, the IMF said ongoing trade...
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Market Themes Of The Day: US Consumer Confidence Is Set To Increase
Friday, October 12, 2018 - 8:16am | 314Read More...What you need to know before markets open Main themes: China’s exports rose 14.5 percent in USD terms while imports rose 14.3 percent in September. China's trade surplus with the US hit a record high in September and that could boost fears of a further escalation of the trade war. German...
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On The Rate Watch: Yields Still Driving Action As Inflation Data Roll In
Wednesday, October 10, 2018 - 8:46am | 1910Read More...Today starts with the S&P 500 (SPX) on a four-day losing streak and one possible culprit — yields on 10-year Treasury yields—moving higher. Once again, the bias in stocks appears to be lower, as SPX futures remain under pressure amid interest rate fears. The 10-year Treasury...
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Investors Seem To Be Fretting About Rising Yields, Global Economic Growth
Tuesday, October 9, 2018 - 9:31am | 1388Read More...With the resumption of trading in U.S. Treasuries, it looks like the trend of rising yields pressuring equities could continue, even as worries about global economic growth because of trade issues get fresh traction. The International Monetary Fund (IMF) cut its estimates for next year’s...
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GBP/USD Forecast: Sterling Slides Lower As Irish Leader Gets Involved In Brussels Brexit Debate
Tuesday, October 9, 2018 - 8:36am | 494Read More...The GBP/USD slides lower to trade below 1.3100 with US benchmark Treasury yields rising to April 2011 high of 3.25 precent. The confluence of 100-day moving average and 38.2 percent Fibonacci retracement line represents a key resistance area. The GBP/USD is trading within a range of a 50-day and a...
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A Guide To Who Loves And Hates Cryptocurrency
Thursday, October 5, 2017 - 10:18am | 770Read More...Bitcoin, Ethereum and other cryptocurrencies have been some of the hottest investments in the world in recent years. This year alone, the Bitcoin Investment Trust (OTC: GBTC) is up more than 476 percent. But while some investors are going all in on cryptocurrency as the future of payments, other...
