British Pound Plummet on Brexit Vote Postponement
The British pound hovered near 20-month lows against the dollar on Tuesday after British Prime Minister Theresa May postponed an important vote on Brexit deal. Read more here!
economy
British PM Theresa May Postpones Brexit Parliamentary Vote
British Prime Minister Theresa May on Monday cancelled a parliamentary vote on her Brexit deal to seek more concessions but the European Union refused to renegotiate and lawmakers doubted her chances of winning big changes. Read more here!
Daily Market Charts and Analysis December 10, 2018
Here’s the most recent charts and market analysis for today. Check them out!
Global Markets Ramp Up Losses on Economic Slowdown
The losses in global stock markets increased on Monday, with US equity futures and Asian shares sliding on concerns over slowing growth and fears. Read more here!
Brent Crude Oil Higher on Supply Cut
Brent crude oil gained on Monday after producer cartel OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. Read more!
Dollar Softens on Lackluster Payrolls Data
The dollar lost nearly half percent against the euro and the yen on Monday after a weak US payrolls data fanned speculations that the Federal Reserve may stop raising interest rates after a highly likely move next week. Read more here!
US Employment Expected to be Easing over Economy Fears
US companies possibly maintained a solid pace of hiring in November while increasing wages for workers, indicating that the economy is still strong enough for the Federal Reserve to continue raising interest rates in 2019. The Labor Department will publish its closely followed monthly employment report on Friday against a backdrop of a sharp selloff …
US Employment Expected to be Easing over Economy Fears Read More »
Asian Stocks Shaky on Fed Rate Speculation
Asian shares fought to maintain the slimmest of recoveries on Friday amid the speculations that the Federal Reserve might be aiming for one last interest rate hike before pausing. Read more here!
Oil Prices Weak as OPEC Delays Supply Cuts
Oil prices slipped on Friday, dragged down by OPEC’s decision to delay a final decision to slash outputs, awaiting support from the non-OPEC but key member Russia. Read more!
US Dollar Struggles on Interest Rate Speculation
The dollar floundered to recover in Asian trade on Friday, dragged by fresh speculation that the widely expected rate hike this month could turn out to the last one before the Federal Reserve reaches the pause button on its tightening cycle. Read on!
Australia Bank Next Rate Move Possibly Up
Australia’s central bank has some room to slash policy rates from current record lows although the next move is still likely to be an increase rather than a decrease, said Deputy Governor Guy Debelle. Read more here!
Yen Strengthens against the Dollar on Huawei Arrest
The safe haven yen edged higher against the US dollar on Thursday as the arrest of a leading Chinese executive in Canada. Read more here
China Confident to Deal with the US over Trade War
China showed confidence on Wednesday that it can reach a trade deal with the United States. Read more here!
Dollar Slides after Treasury Yields Decline
The dollar slumped in Asia on Tuesday after US Treasury yields slipped from three-month lows, with investors fretting over a possible pause in the Federal Reserve’s rate hike cycle and portents of recessions seen in a yield curve inversion. Read more!
Yield Curve Narrows, Fed in Debate
Top US Federal Reserve officials say that a strong economy will possibly keep the bank’s increase plan intact, but on Monday a key signal, which is the yield curve, started to waver. Read more here!
