Gold prices fell near 1-week lows Wednesday in London, dipping beneath $1240 per ounce as US traders joined the session after Donald Trump’s first speech to Congress about his fiscal plans was overshadowed by 5 senior Federal…
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China’s manufacturing PMI rebounded to 51.6 in February (vs 51.3 in Jan and an average 51.5 over the previous 3 months). The standouts were a rise in the export orders index to 50.8 – a 30 month high. Likewise the import orders…
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US investors sold stocks for the second consecutive week last week after having been net buyers for the prior 14 weeks since the election, that’s according to Bank of America Merrill Lynch’s weekly client flow trends report.
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Doris has passed, other storms may be brewing, but is spring approaching? Metaphorically, this is what investors have been wondering as the reflation trade gathered steam. The economic outlook undoubtedly looks bright with macro…
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This year will prove decisive for the eurozone. Between March and September, the Netherlands, France and Germany will hold general elections whose outcomes will help determine the future of Europe’s common currency.
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This could radically change the flow of payments and completely rearrange how the monetary system works. People understand that, which is why the blockchain is getting a lot of hype, Caitlin pointed out. But “it’s not hype,” she insisted. “It is very real.” The only thing in question…
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There is no mistaking from the performance of the stock market that investor optimism is running high in terms of the economic outlook. That optimism stems from a variety of factors, the most prominent of which is the faith in the…
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The mercantilist inclination by the Trump Administration makes it seem as if exports are good and create jobs and imports are bad and cost jobs. This is simply not true. This assessment is not based on newfangled thinking about trade.
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Gary Shilling, editor of A. Gary Shilling’s Insight and author of The Age of Deleveraging, told Financial Sense Newshour that the US has the upper hand in a trade war with China that was already underway before Trump’s election. Here’s some of what Shilling had to say…
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Bitcoin hit an all-time high of $1,172.09. Traders are happy because the SEC is expected to rule on a Bitcoin ETF by March 11. Meanwhile, Bloomberg reports China Is Developing its Own Digital Currency.
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