From 1990, Dubai came into the limelight of the media due to supremacy in oil business. It is called the power oil repository of the industry and we all know what the effect of the oil is in our day to day life. So, you can easily understand the power of the city. To give […]
Market Recap - 2019.11.12
U.S. stocks were in cruise control higher this morning (yet again), with major averages trading to intraday record highs (though the Dow Jones Industrials didn’t take out Nov 7 highs) ahead of President Trump’s speech to the Economic Club of New York at noon. The three major averages held onto gains initially after Trump provided little insight into U.S.-China trade talks, saying a China trade deal could come soon, but if there is no deal, he'll raise tariffs. The comments were in-line with prior commentary with no news timeframe on signing of Phase I deal with China. Citing stock-market records, Trump claimed, “if we had a Fed that worked with us, we could have added another 25% to those numbers” pointing to the stock market gains since his election. After touching highs, stocks slipped into the close, losing steam with no fresh catalyst to boost markets. The 10-year Treasury gained, pushing the 10-year yield down a basis point to 1.929%. There were no major economic data points today after a quiet day yesterday given the Veteran’s Day holiday. On the calendar tomorrow, Federal Reserve's chairman Jerome Powell is due to give testimony to Congress about the U.S. economy. In stock news, DIS advanced after the launch of its streaming service while CBE fell on earnings and ROK jumped after its results.
Oil prices erased gains into settlement, with WTI crude falling 8c to settle at $56.80 per barrel (off earlier highs of $57.55), with inventory data pushed out a day due to the Veteran’s Day holiday. Prices were cautiously higher initially awaiting trade talk updates from President Trump between China and the U.S. which may affect economic growth and oil demand. Gold prices slipped again, holding near 2-month lows after falling -$3.40 to settle at $1,453.70 an ounce.
The U.S. dollar regained solid footing, rising vs. most counterparts as the euro slides back down at the 1.10 level (lowest levels in roughly a month), while was little changed vs. the British Pound and Japanese yen though the Chilean peso collapsed to record lows. No major economic data for a second day and no Fed speakers to mover prices. The USD/CAD pulled back from the one-month high of 1.3257. Treasury market’s little changed most of the session after reopening from yesterday’s closed markets due to holiday – 10-year steady at 1.93%.
Those who think of Cyprus think of the financial and banking crisis in 2013 with banks over-extended and public finances in the red. However, the truth is that the fears that most people had regarding Cyprus never materialized. The country has bounced back with positive changes, building on trust, introducing new structural measures and sweeping […]
There are enormous plans a youth needs to understand so as to stand financially strong, but the matter of fact is that most of them are quite ignorant. So, it is necessary that you should learn to manage your finances. The article is all about top financial tips that will not only keep you stable, […]
Latest Home Trends of 2013 Whether you are offering past customer suggestions or staging houses, here are latest designs, which will really have a good impact in the years to come. Got bored of what was used in the past or need some help for your house decoration? This guide will outline the 6 trends, […]
International Finance Corporation plans to invest in Tata Cleantech Capital Ltd. IFC’s plan is to invest in TCCL’s green bond issue. This would help the company expand their long term infrastructure funding, which is also environment friendly. The money that is going to be raised through green bonds will be used towards financing projects, which […]
In a number of companies, top officials and managers usually have an impression that financial management is a specific task that can be effectively handled only by the company’s accounts team. Even though there will be some particular tasks like paying suppliers, cash management, accumulating payments from consumers, and payroll that should be managed by […]
The general public of the United States has recently observed the most expensive central voting in the long history of America. It has been reported that an estimated amount of almost $6-billion American dollars was actually spent on the 2012 United States Presidential election process. At present, those one-sided moods have nearly calmed down, and […]
Finance Ministers of the European region, and the IMF (International Monetary Fund) mended their disparities over a new bailout for the zone’s 15th largest economy, Greece, early Nov 27th 2012 Tuesday with a series of actions taking closer the discharge of long-deferred emergency financial assistance. The groups arrived at the agreement after their 3rd gathering in past […]
Understanding How You Can Secure Your Future by Investing a Worthy Property Buying a home can not only be a matter of joy and pride, but it’s also a great step in securing your future financially. Realty investments seldom fail to give good returns, and hence, buying a house means investing your hard-earned money on […]