A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world’s recovery from the COVID-19 pandemic, the International Energy Agency (IEA) said on Thursday. Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels…
US consumers’ inflation expectations for the year-ahead increased for the 10th straight month to 5.2% in August of 2021, a new series high, driven by food (+0.8 percentage point to 7.9%); rent (+0.2 percentage point to 10%); medical care (+0.2 percentage point to 9.7%), and gas (+1.1 percentage points to 9.2%). In contrast, the expected…
The MiFID II regulations, passed by ESMA for the EU region in August 2018, introduced different trading terms and regulatory implications for retail and professional traders. So, how do these guidelines differ for different types of traders? Here’s what you need to know to make informed investment decisions. These regulations are applicable for different financial…
British soldiers will start driving Fuel tankers to replenish empty pumps, as drivers queued again for fuel after days of shortages, despite Prime Minister Boris Johnson saying the situation was improving. Britain has been gripped by a rush of panic-buying for almost a week that has left Fuel pumps dry across major cities, after oil…
World shares skidded and the dollar firmed on Monday ahead of a week packed with global central bank meetings, while debt troubles at property group China Evergrande dragged Hong Kong stocks towards to a one-year low. European shares fell to a near two-month low on Monday and Germany’s benchmark index sank , as investors feared…
British inflation hit a more than nine-year high last month after the biggest monthly jump in the annual rate in at least 24 years, largely due to a one-off boost reflecting the “Eat Out to Help Out” scheme that pushed down restaurant meal prices last year. Consumer prices rose last month after a rise in…
Asian shares were set for their worst day in two weeks on Thursday, weighed down by the latest regulatory crackdown in China and global investors worries about a looming reduction in central bank stimulus, while the dollar held firm. Following a Federal Reserve report showing U.S. economic activity slowed this summer, European shares looked set…
Oil prices fell on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indication that COVID-19 outbreaks are crimping the world’s second-largest economy. Chinese factory output and retail sales growth slowed sharply in July, data showed, missing expectations as flooding and fresh outbreaks…
Who ever wondered in one year everything would collapse in one just month? The recovery period will be for sure long. Economists at the begging of the pandemic they came up with some predictions-worries about how the government will face the pandemic crisis. One of these was how will the government intervene and how the…
The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in. Most economists believe that the U.S. economy is currently very close to, if not actually above, its maximum sustainable level of employment and capacity utilization. If they are…
European stocks stabilized on Tuesday after their worst sell-off this year in the previous session, The pan-European STOXX 600 index rose after worries about the fast-spreading coronavirus Delta variant and slowing economic growth. Swiss bank UBS climbed after it posted a jump in second-quarter net profit, helped by a booming wealth management business. Peers Credit Suisse…
The surprisingly strong Chinese data implied that global demand remained strong and helped reassure investors that the world economy was healing from the COVID-19 pandemic, despite the spread of the Delta variant Global shares pushed to a record high on Tuesday, buoyed by better than expected, Chinese export data as markets awaited the release of…
OPEC+ was plunged into crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. A spike in oil prices risks fanning wider moves across asset classes should investors believe the crude oil market will tighten further after OPEC+ failed to agree on a deal to increase production. The…
Gold was down on Tuesday morning in Asia, sending prices tumbling remaining close to the one-week low hut during the previous session and is set for its worst month since 2016. A strengthening dollar and concerns over whether the U.S. Federal Reserve would tighten its monetary policy sooner than expected also weighed on the yellow…
Stocks found a footing and swinging bond markets calmed down on Wednesday, with testimony from U.S. Federal Reserve chair Jerome Powell providing investors with reassurance that the central bank has an eye on inflation but is not hastening to hike rates. The Fed had knocked stocks and boosted the dollar last week with a surprise…
The dollar held firm on Monday after posting its biggest weekly rise in six weeks as traders cut their bearish bets before a much-anticipated U.S. Federal Reserve meeting that might signal a change in the outlook for U.S. monetary policy. The U.S. Federal Reserve starts its latest two-day policy meeting on the Tuesday (15/06/2021) and ahead of…
WHAT COMES NEXT FOR THE FED? Traders and investors are waiting to hear what the Federal Reserve Chair Jerome Powell has to say on Thursday (10-06-2021) at the annual Jackson Hole meeting , In March of 2020, the Federal Reserve took its benchmark rate down to zero and the next question is what comes next…
U.S. NON-FARM PAYROLLS On Friday, the US employment report will be released (The non-farm payroll or NFP) is a monthly measure of US Labour market health released by the Bureau of Labour Statistics. The NFP report is among the most market-moving data points for the US Dollar, US equities, Treasuries and gold. As a result, many…
Crypto recovery stalls as miners’ eye exits Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla (NASDAQ: TSLA) boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a gathering crackdown on the asset class in China. Musk had lent a bid on Saturday by…
With Few New Clotting Cases, Johnson & Johnson Pause Could Be Lifted Soon. Federal health officials are leaning toward lifting their recommended pause on the use of Johnson & Johnson’s coronavirus vaccine after finding only a limited number of additional cases of a rare blood clotting disorder among recipients. Instead, the Food and Drug…