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Economic Updates
Rotation from growth to value stocks accelerates, bond yields continue to rise
March has been an interesting month in global markets. Everything from shipwrecks to a blown-up hedge fund to a continued rise in US bond yields has had investors scrambling to position themselves. Global Equities Major world indices were mostly positive with the Dow Jones and S&P 500 hitting all-time highs in the US and the DAX doing the...
March 31, 2021
Read More > Up next: Bank of England rate decision
With Bank of Canada and the Fed interest rate announcements wrapped up, it’s time for Bank of England to announce their decision whether to increase, decrease or leave the interest rate unchanged. The decision is set to be announced at 12:00 PM London time on Thursday. About Interest Rates Interest rates are set by Bank of England’...
March 18, 2021
Read More > Up next: the Bank of Canada rate decision
One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The rate decision is due to be announced at 15:00 PM London time on Wednesday. Why is the announcement important? A bank interest rate is the rate at which a country's central bank lends money to local banks. The interest rate is charged b...
March 10, 2021
Read More > The kiwi shooting star
By Luis Sebastian The Kiwi unemployment rate dropped to 4.9% from 5.3% in the quarter ending December 2020, Statistics New Zealand announced yesterday; it is worth noting some Economists had projected a rise to 5.6%. The Kiwi dollar (NZD) soared after the rate fell unexpectedly in the fourth quarter as the country boomed after a lengthy recession....
February 4, 2021
Read More > See-sawing equity markets, US Dollar strength and stimulus hopes
Equity markets Global markets see-sawed from record highs to steep declines in an eventful month that saw a new US administration sworn in, promises of record US stimulus and the FOMC spoiling the party somewhat. Global equities Major Indices in the US and Europe saw record highs this month on hopes of fresh stimulus from the US and signs of globa...
January 29, 2021
Read More > The pandemic year: investors navigating the new normal
2020 has brought a rapid and unpredicted change. The new decade started with talks about climate change, the shifting trading landscape and trade frictions, Brexit, and the rise of political populism but the dynamics quickly changed to an unparalleled and unprecedented health crisis that rattled the markets throughout the whole year. As we head...
December 22, 2020
Read More > CSL stops phase 2/3 COVID-19 vaccine trials: Australian Govt cancels order
CSL, a leading global biotech company headquartered in Melbourne announced its update on its COVID-19 vaccine developed in collaboration with the University of Queensland. The Company revealed while the Phase 1 trial “elicits a robust response” towards the virus and “has a strong safety profile”, the molecular clamp antibodies did cause ...
December 11, 2020
Read More > Consumer confidence at 10-year high
The Westpac-Melbourne Institute Index of Consumer Sentiment is lifted by 4.1% to 112 in December, reaching the highest level since 2010. The consumer confidence index hits a 10-year high indicating that sentiment has fully improved from the COVID recession. The highlights of the index are mainly centralized around the speed of the recovery see...
December 9, 2020
Read More > Stock in News – Tesla and Amazon
Tesla Inc Tesla Inc, the electric car maker is set to join the S&P500 on December 21. The Company’s share price rallied following the announcement, highlighting the dominance of mega-cap growth stocks on the S&P500 benchmark. The Company also received a trading upgrade to a buy-equivalent citing “the company on the verge of a profound...
November 20, 2020
Read More > Vaccine News Boosts Pharmaceuticals
2020 will go down in history as the year of the pandemic. With the ''second wave'' of COVID-19 sweeping the planet and more national lockdowns announced around the globe, there is not much to look forward to now. However, there is a glimpse of hope that we may be able to return to some normality soon. That hope? A vaccine. Pharmaceutical compan...
November 17, 2020
Read More > 15 Asia-Pacific Countries Sign World’s Largest Free Trade Agreement at a Crucial Time
Regional Comprehensive Economic Partnership (“RCEP”) The RCEP agreement is a modern and comprehensive regional free trade agreement covering trade in goods, trade in services, investment, economic and technical cooperation, and new rules for electronic commerce, intellectual property, government procurement, competition, and small and medium-...
November 17, 2020
Read More > NIO Making Waves
The sales of electric cars exceeded the two million mark for the first time in 2019. By far the biggest electric automaker by market cap is Elon Musk's Tesla. Its current market cap stands at $394.26 billion at the time of writing this, putting the electric automaker at the top of all automakers in the world. However, there is another electric c...
November 12, 2020
Read More > October: US Stimulus Noises and National Lockdowns
Another Volatile Month for Markets The financial markets were rattled by another wild month driven by geopolitics and COVID-19 updates. As the month comes to an end, the rapid resurgence of the coronavirus cases across the US, European countries, India and Russia have forced some leaders to reimpose national lockdowns. Global Equities The back-an...
October 30, 2020
Read More > US Election 2020: Eyes on the US Senate
The Political Event of the Year 2020 The most-awaited political event of the year 2020 is just around the corner: the US Presidential elections will take place next Tuesday on the 3rd of November. The US politics have the potential to affect the global economy, alliances and trade agreements which makes it a Global Event. In a pandemic-induced ...
October 30, 2020
Read More > Earnings to Watch This Week: Amazon, Microsoft, Apple, Facebook and Alphabet
Investors are gearing up for one of the busiest weeks of the third-quarter earnings season. The immediate focus will be on the tech leaders: Amazon, Apple, Facebook and Alphabet as those companies were among the main drivers of the rebound in the US stock market after March lows. The world has gone remote- people were suddenly forced to work, s...
October 27, 2020
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