Former Morgan Stanley Asia chairman Stephen Roach lists reasons why the dollar will plunge next year, and warns odds of a double-dip recession are growing.
Archiv für den Monat: September 2020
Stocks are little changed as tech tries to rebound
Stocks fell as renewed concerns over the state of the U.S. economy and mounting pressure on high-flying tech names dragged down the market.
Stocks making the biggest moves after hours: Tesla, Dollar Tree, Jefferies Financial Group & more
See which stocks are posting big moves after the bell.
Here’s what happened to the stock market on Wednesday
Renewed pressure in key tech stocks dragged down the broader market.
Olive Garden parent’s quarterly revenue falls by 28% as pandemic weighs on sales
Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter.
ForexLive European FX news wrap: UK announces new jobs support scheme
Forex news from the European trading session – 24 September 2020
Headlines:
Markets:
– GBP leads, NZD lags on the day
– European equities mixed; E-minis down 0.1%
Headlines:
Markets:
– GBP leads, NZD lags on the day
– European equities mixed; E-minis down 0.1%
UK’s Sunak: The main goal is to support jobs, but we need to change how we do this
UK finance minister, Rishi Sunak, announces the new jobs support scheme
– As the economy reopens, it is fundamentally wrong to keep furlough scheme
– I cannot save every business, every job
As the furlough program comes to an end in October, these are the new measures introduced to try and support the labour market to prevent job
– As the economy reopens, it is fundamentally wrong to keep furlough scheme
– I cannot save every business, every job
As the furlough program comes to an end in October, these are the new measures introduced to try and support the labour market to prevent job
Pound a little higher on the day as buyers keep up defense of key daily moving averages
The pound is up in European morning trade
here
That still remains the key technical level to watch for now, with the pound also hoping to take comfort from UK finance minister, Rishi Sunak’s announcement on a wage support scheme – to help alleviate some pressure from the jobs market.
here
That still remains the key technical level to watch for now, with the pound also hoping to take comfort from UK finance minister, Rishi Sunak’s announcement on a wage support scheme – to help alleviate some pressure from the jobs market.
UK’s Sunak says to hold press conference later in the day
UK finance minister, Rishi Sunak, to speak later today
He will also be speaking in parliament later in the day as he will deliver a statement on the economy, which should encompass his plans on the new wage support scheme:
He will also be speaking in parliament later in the day as he will deliver a statement on the economy, which should encompass his plans on the new wage support scheme:
UK September CBI retailing reported sales 11 vs -10 expected
Latest data released by CBI – 24 September 2020
This is a bit unexpected, as UK retail sales growth came in at its fastest pace since April 2019 as the recovery in consumption activity continues into September. The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy.
This is a bit unexpected, as UK retail sales growth came in at its fastest pace since April 2019 as the recovery in consumption activity continues into September. The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy.