Economic Updates
European and US markets hit all time highs, Bitcoin breaks out, the Dollar slides
By Lachlan Meakin Equity markets US stocks jumped overnight to reach record levels as stronger than expected print on retail sales and a sharp improvement in the number of new jobless claims cheered the investors. Source: Yahoo Finance US...
Read MoreSee-sawing equity markets, US Dollar strength and stimulus hopes
By Lachlan Meakin Equity markets Global markets see-sawed from record high to steep declines on an eventful month that saw a new US administration sworn in, promises of record stimulus in the US and the FOMC spoiling the party somewhat. Global equ...
Read MoreSeptember: A Typical Scary Month for Investors
By Deepta Bolaky @DeeptaGOMarkets Poor Month for Markets Investors are generally apprehensive of the month of September as on average it is marked as the worst month for the stock market. After a staggering rally in August driven by broad-based ...
Read MoreJackson Hole Symposium: Markets Bracing for More Volatility
By Deepta Bolaky @DeeptaGOMarkets The annual Jackson Hole Economic Symposium rarely goes unnoticed as is an exclusive central bank conference which fosters open discussions about global policy matters. The economic event is sponsored by the Fed...
Read MoreUS Elections: COVID-19, Policies and Markets
By Deepta Bolaky @DeeptaGOMarkets The Political Event of the Year 2020 The most-waited political event of the year is fast approaching: the US elections will take place on the 3rd of November. The nominees of the two main political parties - Rep...
Read MoreTesla and Microsoft Corporate Earnings Results
By Deepta Bolaky @DeeptaGOMarkets Microsoft and Tesla, the two leaders in their respective industries reported their quarterly earnings results on Wednesday after the market closed. Both tech companies reported earnings exceeding expectations b...
Read MoreComing Up This Week: Big Banks and Netflix
By Deepta Bolaky @DeeptaGOMarkets The earnings season will kickstart with big banks like JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs, Bank of America, Morgan Stanley, and tech stock like Netflix. Investors are probably bracing themse...
Read MoreMelbourne Lockdown: Local Investors Mull Worsening Economic Outlook
By Deepta Bolaky @DeeptaGOMarkets Following the highest number of coronavirus cases in a single day, the Premier of Victoria, Daniel Andrews reinstated “Stay at Home” restrictions across metropolitan Melbourne and Mitchell Shire from 11:59 ...
Read MoreRBA: “QE is not on our Agenda!”
By Deepta Bolaky @DeeptaGOMarkets This year’s Annual Dinner of the Australian Business Economists was probably the most important event before the year ends. In a year that saw the RBA cutting interest rates three times, the speech around...
Read MoreIs Germany on the Brink of a Technical Recession?
By Deepta Bolaky @DeeptaGOMarkets Is Germany on the Brink of a Technical Recession? Europe’s largest economy and the world’s fourth-largest economy is at risk of going into a technical recession. Such recession arises after two consecutive...
Read MoreDid China Retaliate with a Currency War?
By Deepta Bolaky @DeeptaGOMarkets A Currency War Did China retaliate with a Currency War? Monday kicked-off with a bang with plenty of big moves in the financial markets. A risk-off sentiment prevails in the markets as dark clouds of trade tari...
Read MoreNew UK Prime Minister Labelled “Britain Trump”
By Deepta Bolaky @DeeptaGOMarkets “Britain Trump” Britain has a new Prime Minister and as highly expected, Boris Johnson won the race over his opponent, Jeremy Hunt to become the new Tory leader. It was a convincing win despite the controver...
Read MoreBack-To-Back Interest Rate Cuts
By Deepta Bolaky @DeeptaGOMarkets Second Rate Cut The Reserve bank of Australia (RBA) cut interest rate by 25 basis points which marks the first back-to-back rate cut since 2012. The RBA also sets the interest rate to a record low at 1%: ...
Read MoreHong- Kong Protests Add to Market Angst
By Deepta Bolaky @DeeptaGOMarkets It is reported that nearly two million people joined the mass protest against the controversial extradition bill on Sunday despite the government announcing a pause in the legislation on Saturday. It is beca...
Read MoreEuropean Parliament Election 2019
By Deepta Bolaky @DeeptaGOMarkets European Parliament Election 2019 The 2019 EU Parliament election is one of the most important ones for the bloc amid the rise of nationalism and populist parties. Brexit is also the constant reminder that leavi...
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