Yesterday, the Federal Reserve delivered its interest rates decision. While Powell lowered interest rates as he had predicted, investors believe that he did not do well enough. His statement that the rate cut was just a “mid-cycle adjustment to policy” disappointed investors who expected the bank to start a more aggressive cycle of easing. Therefore, […]
The Bank of England (BOE) will conclude its two-day meeting today. The bank is expected to leave interest rates unchanged at the current level of 0.75%. Because the rate decision has already been priced by the market, investors will be watching closely at the statement of the bank. In the previous rates decision, the officials […]
The Federal Reserve concluded its two-day meeting yesterday. As was expected, the central bank lowered interest rates by 25 basis points to the range of between 2.0% and 2.25%. This was the first interest rate cut in more than a decade. Instead of lowering the US dollar and boosting stocks, the rate cut led to […]
Japan is the third-biggest economy in the world following the United States and China. The country has a GDP of almost $5 trillion and a population of more than 126 million people. Japan is known for a number of things such as its aging population, classic companies like Toyota, Mitsubishi, and Nissan, and its lost […]
Earlier today, the Bank of Japan (BOJ) delivered its interest rates decision. As expected, the bank left interest rates unchanged and committed to doing more if the world economy led to major disruptions in the Japanese economy. The bank said that interest rates will likely remain unchanged “at least through spring of 2020”. It will […]
In the past few weeks, sterling has become one of the worst-performing currencies in the developed world. The currency is trading at the lowest level it has been since March 2017 when the parliament triggered Article 50. The reason for the declines is that investors are pricing-in a situation where the United Kingdom will exit […]
This will be the biggest week in the global financial market this year. This article looks at the biggest stories that will dominate the news. Federal Reserve The Federal Open Market Committee (FOM) will start its monetary meeting tomorrow. The committee will release its decision on Wednesday. Investors expect the Fed to lower interest rates […]
On Friday, the US released its GDP numbers for the second quarter. The data showed that the economy rose by 2.1% in the second quarter. This was higher than the consensus estimate of a 1.8% growth and lower than the first quarter growth of 3.1%. This growth denied Trump the 3% growth he has always […]
Last week saw the release of earnings from most companies in the S&P 500. The results were generally positive although a number of companies like Boeing, Caterpillar, and Tesla disappointed. This week, the earnings season will continue. Here are the top companies to watch. Monday Today, a number of leading companies will release their earnings. […]
Palladium is the most valuable precious metal in the world. An ounce of palladium sells for more than $1,500 compared to the $1,400 that an ounce of gold sells. The metal is different than gold in a number of ways. For example, while most of the gold mined is used for investment purposes, most of […]
Sweden joined the European Union in 1995. Even though it is a member of the European Union, the country has its own central bank and currency. The currency is known as the Swedish Krona. The country does a lot of business with the European Union. In fact, almost 60% of all its trade is with […]
This week was mixed for the financial markets as investors received key economic data and quarterly results. This article will look at the biggest news that made the week. European Central Bank The ECB delivered its interest rates decision yesterday. This was a highly-anticipated decision because of the recent trends in the central banks decisions. […]
US stocks rose yesterday after the impressive second quarter results from companies. The Dow rose by almost 200 points while the Nasdaq rose by 50 points. Today, the earning season will continue as more companies release their earnings. Some of the companies that will release their earnings today are Boeing, Caterpillar, AT&T, Anthem, Boston Scientific, […]
In the past few decades, the United States has seen the amount of goods that it exports to other countries decline. This is because of the high cost of production, which makes its goods more expensive than those from China. However, the volume of service exports has been on the rise. This has partly been […]
Yesterday, Boris Johnson was announced as the leader of the conservative Tory party. He secured the victor after winning more than 92k votes. His competitor, Jeremy Hunt won more than 46k votes. The former Mayor of London will become the prime minister today after Theresa May resigns. Boris becomes prime minister at a difficult time. […]
The S&P 500 index is one of the biggest and most influential stock market indexes in the world. It was formed in 1957 by Standard & Poors to track the 500 biggest companies listed in the New York Stock Exchange (NYSE) and Nasdaq. By looking at the biggest companies in the US, the S&P is […]
Canada is an important North American country that borders the US to the north. The country’s landmass of 3.855 million square miles is bigger than that of the US, which is 3,797 million square miles. However, most of Canada is unhabitable because it is in the Arctic Circle. The country has a population of more […]
Over the weekend, the biggest news in the market was that Iranian’s Revolutionary Guard (IRG) had seized a British tanker at the Strait of Hormuz. This happened as tensions between the United Kingdom and Iran continued. In a statement, IRG said that the oil tanker had violated international rules after colluding with an Iranian fishing […]
This week, the focus among investors will be on corporate earnings. This is after about 15% of companies in the S&P 500 released their earnings last week. Of all the companies that released their earnings, more than 80% beat the consensus analysts’ forecasts. This week, companies that will release include the likes of Amazon, Google, […]
Crispus Nyaga Japan and South Korea are two of the most important economies in the Asian region. South Korea has a population of more than 51 million people while Japan has more than 120M people. The two economies have a GDP of $4.7 trillion and $1.5 trillion respectively. They are two of the closest American […]
The price of crude oil rose slightly in overnight trading after the Energy Information Administration (EIA) released its inventories data. The numbers showed that the US inventories declined by more than 3.5 million barrels. This was a sharper decline than the 1.5M that investors were expecting. It was also slightly lower than the previous week’s […]
Yesterday, US companies continued to release their earnings. In the trading session, the Nasdaq index declined by 35 points as investors waited for results from Netflix, which is one of the biggest technology company in the world. The company released its report after the market closed. These results disappointed and the stock declined by more […]
The price of crude oil tanked by more than 4% yesterday after US Secretary of the State, Mike Pompeo said that Iran had approached the US for talks. He did not share more details on this but it came a day when the Iranian Foreign Minister, Javad Zarif was in the United States. This was […]
Singapore is one of the most successful country in the world. The country has seen its GDP increase from more than $704 million in the 1960s to the current $323 billion. This has widely been described as the Singapore’s economic miracle that was engineered by the former leader, Lee Kuan Yew. Lee served as the […]
The earnings season is one of the most important periods in the market because it gives investors an indication about how the companies are performing. The earnings season kicked-off yesterday after Citigroup announced its Q2 performance. In the quarter, the bank reported earnings of $1.95 a share, which was slightly above the expected $1.80. Part […]
In June, Facebook announced that it was working on a cryptocurrency that will be launched in 2020. To work on the currency, the company teamed up with 27 other large companies like Visa and Mastercard. These companies had committed at least $10 million for the project. Because of their size and scale, these companies would […]
The kiwi rose slightly today in the Asian session after New Zealand released its CPI data for the second quarter. The data showed that the CPI rose to an annualized rate of 1.7%, which was higher than the previous 1.5%. This was in line with the expectations. On a QoQ basis, the CPI rose to […]
Last week US stocks reached record levels after receiving support from Jerome Powell, who vowed to support the economy in testimonies to congress. This was interpreted to mean that the central bank would slash interest rates in the upcoming meeting. This will be a good thing for the market because it will help reduce the […]
China is the second-biggest economy in the world with a GDP of more than $11 trillion. Over the years, the country has emerged to be the most important country in the world. This is because of its state as the world’s biggest producer and the biggest consumer. As such, investors interpret its data to be […]
Earlier today, China released important data that will set the tone for the rest of the day. Numbers from the country’s statistics office showed that the economy’s economy grew at an annualized rate of 6.2%. This was in line with the expectations. It was the lowest growth rate in more than 27 years. On a […]
