In a surprised move, BoE announced to intervene in the gilt markets. While 10-year gilt yield drops notably on the news, the recovery in FTSE is just mild. Sterling also just fluctuates and it’s trading Read more…
So, the Bank of England finally intervenes after coming under so much pressure to act as they saw borrowing costs soar, while bonds, sterling and the FTSE all got a hammering. In response, we saw Read more…
US goods exports dropped -0.9% mom to USD 179.8B in August. Goods imports dropped -1.7% mom to USD 267.1B. Trade deficit came in at US D-87.3B, comparing with July’s USD -90.2B. Wholesale inventories rose 1.3% Read more…
A brand long associated with being a ‘value’ choice now commands the biggest markup over its showroom sticker price. There are some brands of cars that naturally command a higher sticker price on the showroom Read more…
A surprise move to stem soaring bond yields by the Bank of England helped pare earlier market decline, but U.S. stocks are still looking to extend losses heading into the Wednesday session. U.S. equity futures Read more…
The euro is in negative territory today, after posting six straight days of losses. EUR/USD is trading at 0.9553 in Europe, down 0.41%. Referendums, Nord Stream explosions weigh on euro September can’t end fast enough Read more…
ECB Governing Council member Robert Holzmann said “50 may be the minimum” rate hike at next meeting in October. He added, “could it be 100? It could but I don’t see the necessity now to Read more…
The pound crashed to an all-time low versus the US dollar this week as investors fled the UK after losing confidence in the new government’s economic vision. Having already been the second worst performing currency Read more…
Just weeks after reportedly asking suppliers to prepared for a surge in iPhone demand, Apple is reportedly paring-back plans to boost production. Apple (AAPL) – Get Apple Inc. Report shares moved sharply lower Wednesday following a Read more…
BoE announced today to carry out temporary purchases of long-dated UK government bonds, to “restore orderly market conditions”. It warned that the significant repricing of UK and global financial assets “has become more significant in Read more…