The stock market plunge shouldn’t have been surprising. Signs of frothiness have abounded.
Archiv für den Monat: September 2020
Stocks making the biggest moves in the premarket: DocuSign, Broadcom, Tesla, Grubhub & more
The stocks making the biggest moves in premarket trading include DocuSign, Broadcom, Tesla, Grubhub, and more.
Trader Talk: What’s next for markets?
The stock market plunge shouldn’t have been surprising. Signs of frothiness have abounded.
China’s yuan could become the world’s third largest reserve currency in 10 years, Morgan Stanley predicts
Morgan Stanley analysts predict the Chinese yuan will account for between 5% to 10% of global foreign exchange reserve assets by 2030, putting the currency into third place.
Chinese banks‘ profits will weaken even more in the second half of 2020, says Fitch Ratings
China’s authorities aim to dispose 3.4 trillion yuan ($497 billion) worth of bad loans from the banking sector this year — only one-third of that have been written off, said Fitch.
Stocks struggle as tech losses continue, Nasdaq falls nearly 2%
The S&P 500 opened flat on Friday as Wall Street tried to recover some of its steep losses from the previous session after the of better-than-expected U.S. unemployment data.
ForexLive European FX news wrap: Mostly quiet in the NFP countdown
Forex news from the European trading session – 4 September 2020
Headlines:
Markets:
– CAD leads, CHF lags on the day
– European equities mixed; E-minis flat
Headlines:
Markets:
– CAD leads, CHF lags on the day
– European equities mixed; E-minis flat
White House asks US agencies to detail all China-related funding – report
Reuters reports on the matter, citing a document from the White House
It is reported that the US has asked all government agencies for details of any funding that either supports or counters China and its business practices, amid escalating tensions between the two countries.
It is reported that the US has asked all government agencies for details of any funding that either supports or counters China and its business practices, amid escalating tensions between the two countries.
BOE’s Saunders: I am not theologically opposed to negative rates
Further comments by Saunders
– BOE did not discuss negative rates in August meeting
– Review of negative rates is not finished
– Review will look at indirect effects on banks, lending
An interesting choice of word there by Saunders i.e. ‚theologically‘ in the sense that his central bank beliefs does not exclude pursuing negative rates as an option
– BOE did not discuss negative rates in August meeting
– Review of negative rates is not finished
– Review will look at indirect effects on banks, lending
An interesting choice of word there by Saunders i.e. ‚theologically‘ in the sense that his central bank beliefs does not exclude pursuing negative rates as an option
BOE’s Saunders: It is likely that additional easing will be appropriate
Comments by BOE policymaker, Michael Saunders
– Rebound in activity appears to be a bit faster than in May forecast
– But the rebound has reflected a benign window, which may be closing now
This will just bring more attention to the topic of negative rates for the BOE, especially with the spectre of a no-deal Brexit looming
– Rebound in activity appears to be a bit faster than in May forecast
– But the rebound has reflected a benign window, which may be closing now
This will just bring more attention to the topic of negative rates for the BOE, especially with the spectre of a no-deal Brexit looming