The U.K. economy may be paying for Brexit for a long time to come. The strength of the expansion since the vote to leave the European Union hasn’t allayed concern about how the decision will filter through the economy over the coming years. It won’t mean Armageddon, but the broad consensus among economists — whose […]
LONDON (Reuters) – The euro recovered some ground against the dollar on Monday after weekend talks aimed at finding a leftist unity candidate for France’s presidential election showed little sign of progress. News that Socialist Benoit Hamon and hard-left rival Jean-Luc Melanchon were discussing cooperation in their bid for the presidency weakened the euro and […]
Demand for frac sand has surged in recent weeks as U.S. producers rush back to the oil patch, stoking concern that supplies of the key component of drilling may not be able to keep up with demand later this year, industry professionals said. The growing appetite for frac sand comes as oil producers have added […]
All the turmoil in Washington isn’t bothering Wall Street in the least bit. The Dow, S&P 500 and Nasdaq soared to record highs on Wednesday, the fifth-straight day of all-time highs. It’s the first time all three major market averages have achieved that feat since January 1992, according to a FactSet analysis provided to CNNMoney. […]
China’s economy may have slipped down the global worry list, but significant risks remain, including an abrupt end to a massive credit boom or an overly aggressive policy response if inflation should speed up, according to Goldman Sachs Group Inc. While a hard landing isn’t the New York-based bank’s base case for 2017 — it […]
Investing.com – Oil prices edged lower during European morning hours on Monday, as investors await a monthly report from the Organization of Petroleum Exporting Counties for further evidence that crude producers are adhering to planned output cuts. Crude oil for March delivery on the New York Mercantile Exchange shed 45 cents, or around 0.9%, to […]
Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. The mood was expected to carry over into European trading, with financial spreadbetters predicting opening […]
DONALD TRUMP vilified the Chinese government on the campaign trail, accusing it of manipulating China’s currency, stealing America’s intellectual property and “taking our jobs”. This hostility was not just posturing for the election season. In 2012 he had falsely accused the Chinese of inventing the concept of global warming—to make American manufacturing uncompetitive, he said. […]
Spain and Ireland, two of Europe’s faster-growing economies with lower political risk and debt ratings clustered around A, seem to be carving out a niche for themselves in Europe’s peripheral bond market. That means they perhaps belong to a new sub-section of debt that spells A-SP-IRE, essentially removing them from PIIGS, a less-than-complimentary acronym for […]
The U.S. dollar headed for its worst start to a year since 2008 on Tuesday while world stock losses, already the biggest in six weeks, grew after widespread protests against President Donald Trump’s stringent curbs on travel to the United States. Investors’ hopes for a fiscal boost to the world’s largest economy under Trump have […]