BRITAIN’s housing shortage has reached crisis point as the number of prospective buyers dramatically outweighs the number of properties on sale, estate agents said today. read more >>> Source : The Daily Express
* Swedish crown slips after Riksbank opens to intervention (Updates market action, changes dateline, previous LONDON) read more >>> Source : Reuters
Forbes has just released its annual “30 Under 30” list for various industries. One standout on the finance list is 29-year-old Minesh Bhatt, a senior coverage officer in the global family office business at UBS. In that role, he runs $7 billion of the $20 billion UBS manages for wealthy families in the US, according […]
A new report suggests that China’s economic slowdown is pinching luxury real estate globally. read more >>> Source : CNBC.Com
That could accelerate in the fall of Indian rupee as well as most importers have not hedged their positions because of relative Rupee stability. read more >>> Source : EconomicTimes.IndiaTimes.Com
NEW YORK, Jan 4 (Reuters) – Emerging market equities and bonds suffered $3.1 billion in outflows in December, marking their sixth consecutive month of retrenchment and the sector’s weakest year since… read more >>> Source : Reuters
Stocks started 2016 in a headlong retreat, falling hard in heavy trade at Monday’s open. The Nasdaq dived 2.7%. The Dow Jones industrial average unwound 2.2% and the S&P 500 clocked a 2.1% loss. Volume was steeply higher compared with Thursday’s preholiday action, up 108% on the Nasdaq and 82% higher on the NYSE. The […]
Jan 3 (Reuters) – Residents of flooded areas in far southern Illinois anxiously waited for the swollen Mississippi River to peak on Sunday, with hundreds electing to remain in their homes, as states downstream prepared for the rising waters. read more >>> Source : Reuters
By John Murphy, VP of Marketplace Quality at OpenX Consumers’ tolerance for annoying, disruptive, irrelevant or offensive advertising is waning rapidly, buoyed by news articles covering the trend of ad blocking technologies. Digital advertising then, is at an inflection point where its future hinges on all players in the ecosystem, implementing and upholding higher standards […]
Microsoft’s Windows 10 is off to the fastest start in Windows history. read more >>> Source : CNN Money
South Africa still hopes to solve a dispute with the United States over farm exports, despite the expiry of a U.S.-set deadline that could penalize exports of agricultural goods to the world’s top economy. U.S. President Barack Obama said on Nov. 5 that he would revoke the duty-free status of South African agricultural produce, including […]
GOLD GOLD has recovered nicely in the last few hours with more upside to come after the pullback. The current rise from 1070 appears to be the final wave within an extended wave iii. As such, be aware of more gains after a minor retracement back to 1070-1074 area, where the black wave iv can […]
One of the largest state executions in Saudi Arabia sparked a row with Iran that has raised concerns over destabilization across the region. read more >>> Source : CNBC.Com
It’s 2016. And if you’re invested in stocks, you’re probably wondering where the market will head this year. The bull market is in its sixth year. And with global economic growth slowing, earnings growth flattening, the Federal Reserve tightening monetary policy, commodities prices dreadfully low, and the dollar unusually high, there’s a feeling that the […]
By Joseph White LAS VEGAS (Reuters) – Toyota Motor Corp and Ford Motor Co said on Monday they will adopt the same software to link smartphone apps to vehicle dashboard screens and invited other automakers to join them to counter Apple Inc and Google’s push to control cars of the future. Toyota, the world’s largest […]
After a very quiet final week of 2015, global markets have kicked off 2016 with a bang. China is back in the news as equities around the world are selling off on much weaker than expected manufacturing and PMI reports. Safe haven currencies such as the big dollar and yen are experiencing a nice bounce […]
U.S. manufacturing contracted in December, according to the latest ISM manufacturing index reading. read more >>> Source : CNBC.Com
General Motors Co. and ride-hailing company Lyft Inc. are forming an unprecedented partnership that could help them beat their rivals to the self-driving future. Lyft said Monday that GM invested $500 million in the company as part of a round of a $1 billion round of fund-raising. GM gets a seat on Lyft’s board and […]
Mechele Dickerson, University of Texas at Austin; Jay L Zagorsky, Ohio State University, and Thomas Kochan, MIT Sloan School of Management Editor’s note: We asked a few of our regular writers to weigh in on what will (or should) be the key economic themes and issues of 2016 or offer their predictions. Topping the list […]
JANUARY sees a huge jump in the number of couples looking to divorce after Christmas and New Year is the final straw, but experts have warned many women could inadvertently be left worse off than men. read more >>> Source : The Daily Express
* Canadian dollar at C$1.3906 or 71.91 U.S. cents * Bond prices higher across the maturity curve TORONTO, Jan 4 (Reuters) – The Canadian dollar weakened against its U.S. counterpart, together with… read more >>> Source : Reuters
Jan 4 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday inching near all-time lows, dragged down by weak Chinese demand. read more >>> Source : Reuters
Stock futures Monday dived to hard losses before the first trading session of 2016, as a confused day in China appeared to rattle global markets. Dow futures dropped more than 279 points below fair market value before the starting bell. Nasdaq 100 futures dived 86.8 points. S&P 500 futures swooned 33.7 points, and Russell 2000 […]
The Chinese market is tanking. The CSI 300 stock market index crashed 7% before markets were halted for the day. That came after the Caixin-Markit manufacturing PMI unexpectedly fell to 48.2 in December from 48.6 in November. The official NBS manufacturing PMI stood at 49.7 in December. Any reading below 50 signals contraction. In a […]
General Motors Co. and ride-hailing company Lyft Inc. are forming an unprecedented partnership that could help them beat their rivals to the self-driving future. read more >>> Source : CTVNews.Ca
EUR/USD enjoyed the safe haven flows to move back up to higher ground, covering the losses it made on New Year’s Eve. But as more traders get back to their desks, it’s back to reality. German inflation numbers missed on all fronts: Year over year, prices rose by only 0.2% against 0.4% expected and 0.3% […]
Chinese stocks plummeted nearly 7 percent Monday – on the first day of trading for the new year in China – prompting a halt to trading for the day on the Shanghai and Shenzhen exchanges. European markets followed Asia’s lead, opening lower, with Germany’s DAX down more than four percent and the FTSE in London […]
The compensation of Canada’s highest-paid CEOs dipped two per cent from 2013 to 2014, but each still raked in an average of $8.96 million, according to a new study. read more >>> Source : CBC.Ca
The domestic currency resumed substantially lower at 66.25 compared to weekend’s close of 66.14 at the Interbank Foreign Exchange (forex) market on fresh bouts of dollar demand. read more >>> Source : EconomicTimes.IndiaTimes.Com
Good morning and Happy New Year. Stocks did very little on Friday ending the day and the year just a touch lower….I have to say that I was a bit disappointed that they couldn’t nudge it just to the unchanged mark vs. what they did by allowing the S&P to close off fractionally for the […]
THE CRUCIAL retail Christmas reporting period kicks off with updates from major high street giants this week. read more >>> Source : The Daily Express
* General Motors to invest $500 mln in ride-sharing service Lyft read more >>> Source : Reuters
Last year saw the lowest financial costs from natural disasters worldwide since 2009 as the El Nino weather phenomenon reduced hurricane activity in the North Atlantic, a leading insurer said Monday. read more >>> Source : CTVNews.Ca
Via Dave Lutz at JonesTrading, here’s a quick guide to what traders are saying before markets in the US open to start 2016. Good Morning! China whacking us this AM, with US Futures off almost 2%. Shanghai closed early after 7% drop. Blamed on: Lighter PMI data, China’s renminbi hitting a 4Y low, New IPO […]
* Tensions heightened by Saudi execution of Shi’ite cleric (Adds details, president visits port, Sunni Muslim cleric shot dead) read more >>> Source : Reuters
George R.R. Martin has revealed he’s missed his deadline for his next novel “The Winds of Winter.” read more >>> Source : CNBC.Com
Oil could break below $20 as tensions between Iran and Saudi Arabia rise, oil analyst John Kilduff says. read more >>> Source : CNBC.Com
The amount of money being borrowed by consumers in the run-up to Christmas rose by £1.5bn, the largest rise for nearly eight years. read more >>> Source : BBC
The economic situation in Sweden right now is extraordinary, and a new note to investors from HSBC says that Swedish housing may be in a bubble that “is not sustainable.” Here’s the macro picture: 3.9% GDP growth, year on year. House prices up 18%. Interest rates are set at -0.35%. And the government isn’t doing […]
CANTERBURY, England, Jan 4 (Reuters) – Britain has granted asylum to a Sudanese man who made global headlines in August when he walked 50 km (31 miles) through the Channel Tunnel from France to England, highlighting the desperation of many migrants seeking a better life in Europe. read more >>> Source : Reuters
One of the Fed’s hawkish officials said she is not opposed to her colleagues’ view that the U.S. central bank needs to raise rates only four times. read more >>> Source : CNBC.Com
2016 is already here and we bring you a special outlook all dedicated to 2016: the path of interest rates, currencies, bonds, stocks and of course the slippery price of oil. Here is your guide to the new year. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Fed hike path […]
LONDON, Jan 4 (Reuters) – Emerging markets suffered their biggest fall in four months on Monday as Chinese stocks slumped by 7 percent and deteriorating relations between Saudi Arabia and Iran drove… read more >>> Source : Reuters
Against the euro, sterling hit a 2-1/2-month low of 74.235 pence before recovering to 73.79 pence, flat on the day. read more >>> Source : EconomicTimes.IndiaTimes.Com
Trading has been suspended in China after share prices plunged today by more than 7 per cent. The slide triggered an automatic shutdown of the country’s stock exchanges and underscores the ongoing weakness of China’s manufacturing sector. read more >>> Source : CBC.Ca