Posted by editor on March 23, 2017

The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.

Investors are dialing back hopes that U.S. President Donald Trump will swiftly enact his agenda, with a Thursday vote on a healthcare bill a litmus test which could give stock investors another reason to sell.

Posted by editor on March 22, 2017

Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output.

Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.79 per barrel at 0451 GMT, down 17 cents, or 0.3 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were down 18 cents, or 0.4 percent, at $48.08 a barrel.

"Crude oil prices fell as concerns over rising U.S. inventories resurfaced," ANZ bank said on Wednesday.

Posted by editor on March 21, 2017

The Canadian dollar was little changed against its U.S. counterpart in risk-off trade on Monday in the wake of the G20 meeting at the weekend which renewed concerns over the U.S. administration’s protectionist stance on trade.

USD/CAD was at 1.3353 by 09.31 ET, almost unchanged for the day.

The greenback remained on the defensive after G20 financial leaders dropped a pledge to keep global trade free and open from a policy statement at the weekend, following opposition from the increasingly protectionist Trump administration.

Posted by editor on March 17, 2017

 Asian stocks advanced on Friday and looked set for their best week since July, while the dollar extended a slide that began after the Federal Reserve indicated it was unlikely to speed up monetary tightening.
Financial spreadbetters predicted a muted start to European stocks after Thursday's strong gains, with Britain's FTSE and Germany's DAX expected to open 0.1 percent lower and France's CAC 40 seen starting the day flat.

Posted by editor on March 16, 2017

The euro stood tall on Thursday after Dutch election exit polls pointed to a comfortable win by the prime minister over his far-right rival, while the dollar wallowed at a one-month low after the Federal Reserve sounded less hawkish than anticipated on future rate rises.
The euro climbed to a five-week high of $1.0746 on Thursday, after surging 1.2 percent overnight.

Posted by editor on March 15, 2017

Saudi Arabia hailed a "historical turning point" in U.S.-Saudi relations after a meeting between U.S. President Donald Trump and Deputy Crown Prince Mohammed bin Salman highlighted the two leaders' shared view that Iran posed a regional security threat.

The meeting on Tuesday appeared to signal a meeting of the minds on many issues between Trump and Prince Mohammed, in a marked difference from Riyadh's often fraught relationship with the Obama administration, especially in the wake of the 2015 Iran nuclear deal.

Posted by editor on March 14, 2017

Here are the top five things you need to know in financial markets on Tuesday, March 14:
1. Dollar firms as Fed kicks off 2-day policy meeting
The Federal Reserve kicks off its two-day policy meeting on Tuesday, at which it is widely expected to raise the fed funds target range by a quarter point to a range between 0.75%-1%.
The U.S. central bank will also release its latest forecasts for economic growth and interest rates, known as the "dot-plot".

Posted by editor on March 13, 2017

Asian shares rose on Monday, taking their cue from gains on Wall Street after strong U.S. job data, though the mood was cautious as oil prices plunged to 3 1/2-month lows on fresh worries of oversupply.

A confluence of major events this week including an expected interest rate hike by the U.S. Federal Reserve, a potentially divisive election in the Netherlands and a Group of 20 (G20) finance ministers' meeting kept many investors on edge.

Posted by editor on March 08, 2017

A $1.44 billion restructuring deal at an insolvent coal mining company in eastern Shandong province offers a glimpse into how China is preparing to tackle a corporate debt burden that has ballooned to $17.9 trillion.
Loss-making Feicheng Mining Group struck the deal last December with 10 banks, led by Agricultural Bank of China Ltd (AgBank), which agreed to extend the group's loans at concessionary interest rates.

Posted by editor on March 07, 2017

China will strictly control local government debt quotas and step up checks on illegal debt guarantees, finance minister Xiao Jie said on Tuesday, as the country's top officials stepped up assurances that they will keep financial risks under control.
With the economy now on more solid footing, containing the risks from years of debt-fueled stimulus and heavy spending has been a major focus at the annual meeting of China's parliament which began on Sunday.
Government debt risks are generally under control, Xiao told a news conference on the sidelines of the session.

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