By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of 325,000.
By Edward Moya Robust hiring in the U.S. in May pretty much guarantees the Federal Reserve will move forward with a couple of half-point rate hikes at the next two meetings. US
Talk of China laying ‘debt traps’ for emerging markets that would trigger a wave of defaults are “overblown”, said the CEO of a leading independent financial advisory and fintech, following warnings in
By Jeffrey Halley Oil markets are on the move Thursday morning, with oil prices dipping by 2.0% in early trading after the Financial Times reported that Saudi Arabia has indicated to western
By Craig Erlam European stock markets are a little lower on Tuesday, handing back Monday’s gains to trade relatively flat on the week. It’s not surprising that we’ve seen a reversal of
By Lukman Otunuga, Senior Research Analyst at FXTM Stocks in Asia were shaky on Tuesday morning following the lack of cues from Wall Street overnight due to the U.S. Memorial Day holiday.
By Jeffrey Halley Asian markets are mostly positive Monday morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased Covid-19 restrictions. The devil is in the detail
The current stock market downturn is close to the bottom, predicts the CEO and founder of a leading financial advisory, and said that investors should position their portfolios for a rally. The
Moody’s has lowered global growth projections for 2022 and 2023 as Russia’s invasion of Ukraine and pandemic lockdowns in China add to supply shocks and stoke inflation. Advanced economies will expand 2.6%
By Jeffrey Halley The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps
