finance

  • Washington gridlock won’t change late-cycle realities

    Savvy investors have spent a sleepless night as the results of the US midterm elections rolled in. The Democratic Party worked tirelessly to win the House, and today they claim victory; the outcome, however, will be government gridlock. But will these results change the cyclical course of the financial market? It’s unlikely.

  • Watts Miners Powerful Mining Rigs Create High Impact on the Market

    Watts Miners, one of the latest players to enter the global crypto space, has made a groundbreaking impact on the market in almost no time. Equipped with extraordinarily high hash rate powers, these mining rigs have already received excellent feedback from numerous beginners as well as seasoned crypto miners.

  • WCU: August commodity losses driven by trade worries

    The commodity sector recorded a third consecutive monthly loss in August as trade wars and emerging market turmoil more than offset a return to profit across the energy sector. Crude oil moved higher on emerging signs that Iranian production has begun to fall in response to US sanctions. Many of the developments, both up and down, can directly be linked back to decisions taken by the US administration and Federal Reserve in recent months.

  • WCU: Commodities await the greenback’s fate

    Most major commodities were headed for weekly gains as the short-term focus on growth and demand risks related to emerging markets faded. This was helped by the dollar, which was heading for a second weekly loss. Overall, commodities have had a very bumpy ride this month that at one stage saw the Bloomberg Commodity Index hit a one-year low before recovering.

  • WCU: Commodities fixated on Trump, Iran and dollar

    The performance across key commodities remains solid so far this quarter. Trade and geopolitical tensions, together with a stronger dollar, have nevertheless helped create a challenging market through which to navigate. As an overall factor we have seen the rising dollar create some headwind, not least for precious metals. The combination of an elevated speculative dollar short and euro longs helped trigger renewed buying of the dollar in recent weeks. The short-covering rally, which to a certain extent has been driven by rising yield differentials to other currencies, has seen the greenback recover most of its 2018 losses.

  • WCU: Commodities stay focused on Trump

    Commodities remain under pressure from uncertainty surrounding the US’ trade dispute with the rest of the world and the continued weakness seen across emerging market stocks, bonds, and currency markets. These developments have resulted in the Bloomberg Commodity Index losing close to 9% since its early June peak while sending it towards its lowest weekly close in more than a year.

  • WCU: Commodities struggle to navigate sanctions and tariffs

    August is normally a quiet month for markets, but this year it has so far been anything but. The markets have been rattled by a continued escalation of the trade war rhetoric between the US and China, with investors concerned this increases the future risk to global growth and demand.

  • WCU: Crazy week in oil and gas

    The Bloomberg Commodity Index, which tracks a basket of major commodities within the three major sectors of energy, metals and agriculture, was on track to show its first weekly rise in six. Gains in energy and metals, both industrial and precious metals helped offset losses in agriculture commodities.

  • WCU: Signs of life as dollar weakens and trade tensions ease

    The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2% gain occurred after some early weakness after the US announcement of additional tariffs on $200 billion worth of Chinese imports.

  • Weakened demand in Abu Dhabi residential market to keep pressure on sales and rental rates says Chestertons

    Abu Dhabi’s housing market continued to feel the pressures of weakened demand, sluggish economic growth, and cautious investor sentiment according to the latest Abu Dhabi Residential Market Q3 2017 report from leading international property company Chestertons MENA.

  • Weakness strikes as gold feels the dollar heat

    By: Head of Commodity Strategy at Saxo Bank Ole Sloth Hansen

     

    February may have marked a first rise in eight months for commodities, but it was back to type in the first week of March with weakness across most sectors. 

    This was driven by the adverse impact of the dollar rising to a fresh 11-year high against the euro while China downgraded its growth target for 2015 to just 7%, the lowest in more than decade.  

     

    The resumption of dollar buying occurred as the market prepared for the beginning of quantitative easing from the European Central Bank. 

  • Week of volatility for Gold - Century Financial Brokers Weekly Market Report

    Currencies

    Uncertainty to spur safe-haven demand

    Yen is expected to pick up some strength on the back of safe –haven demand as the week is flooded with key events which would drive the volatility in the markets. The major event risk next week will be the highly anticipated meeting between President Trump and North Korean Leader Kim Jong Un. Also, all eyes will be on the US Federal Reserve and the ECB meeting next week as the two central banks are expected to take further steps toward policy normalization.

  • Weekly Bond Update: Greece contemplating a comeback

    The saga of the Greek debt crisis has been a recurring theme in financial markets ever since the debt problems first surfaced and led to the initial bailout in 2010. On several occasions since, it has threatened to shake up the monetary union, posing a constant threat to financial market stability in Europe.

  • Weekly Bond Update: Red-letter Fed Day

    Equities are bleeding, gold has the blues and everybody is waiting for the Fed's interest rate decision. The future doesn't look too bright but for those seeking safety, the bond market has a few handy hurricane holes in which to ride out the storm.

  • Weekly Bond Update: Staggering demand for new Saudi bonds

    For several months, rumours have been afoot that the Kingdom of Saudi Arabia is contemplating its first international bond issuance.

  • What does the Bank of England base rate cut mean for expats?

    The Bank of England has cut the base rate for the first time in over seven years, reducing it from 0.5% to a historic low of 0.25%. Consequently, this means a big impact for savers including the retirement plans of millions of GCC expats.

  • What does the Polish upgrade say about EM?

    Summer is clearly coming to an end. In the Nordic countries, the days are shorter, the breeze is a few degrees colder, and in Denmark people are lighting candles to ensure a hyggelig autumn.

  • What gold did after Trump's surprise victory

    Gold had a crazy day on Wednesday following Donald Trump's surprise victory. In the run up to the election a Trump win was seen as gold positive because of the heightened uncertainty it entails. Just like the unexpected Brexit result back in June gold began taking off, while stocks and the dollar dropped, as the started-by-state results started to emerge.

  • What is the Outlook for the Economy in a Context of Financial Crises and Social Inequalities?

    For the third edition of the International Summit of Cooperatives, which will take place in Quebec City, Canada, from October 11 to 13, 2016, Joseph E. Stiglitz, eminent theoretician and winner of the Nobel Prize in Economic Sciences, Mark R. Kramer, FSG co-founder and shared value advocate, and Robert Reich, influential economist and former Secretary of Labor under U.S. President Bill Clinton, will analyze the new global socioeconomic and geopolitical realities in order to identify potential solutions to key issues in the 21st century. The talks given by these world-renowned speakers should be of interest to anyone in the business world who wants to promote sustainable economic development.
  • What's next for tech given Facebook's Q2 surprise?

    The earnings season is well under way with more than half of the companies in the S&P 500 having reported already. As expected, the numbers are strong with earnings per share up 24% year-on-year and revenue up 10% y/y. Despite strong tailwinds from the corporate sector, however, US equities are only up 0.6% over the past two weeks. Investors knew that earnings would be great so the attention is on companies’ outlooks and where the economy is headed.