China China warns the US not to underestimate its resolve on Taiwan Beijing responds with a warning salvo directed at Biden This comes after Biden's remarks in Tokyo. "No one should underestimate the Chinese ...

Recession worsens, major outflows hit most asset classes.

by admin · May 21, 2022 ·

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According to Bank of America Corp.'s report using EPFR Global data, global equity funds had $5.2 billion in outflows in the week ending May 18, led by mutual fund redemptions, ...

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Forex News May 21, 2022

by admin · May 21, 2022 ·

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Stocks US stocks recover but fall for the seventh week in a row. Markets: The S&P 500 fell for the seventh week in a row, the longest streak since 2001. The longest streaks ...

Europe admits to wean itself off Russian energy, to burn more coal.

by admin · May 20, 2022 ·

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A document outlining the Commission’s aims for the REPowerEU plan was published on Wednesday, highlighting the importance of energy savings, the diversification of energy imports and speeding up what it ...

Melvin Capital will close its doors.

by admin · May 20, 2022 ·

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Melvin Capital's assets stood at $7.8 billion at the end of April. According to a person familiar with the fund's finances, the fund lost 23% in the first four months ...

Forex News May 20, 2022

by admin · May 20, 2022 ·

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Equity According to BofA, the equity wipeout has triggered a 'contrarian buy signal.' Bank of America's 'Bull & Bear' indicator drops to "unambiguous contrarian buy" This is primarily regarded as a sentiment indicator, ...

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BOE gold trades at a rare discount.

by admin · May 19, 2022 ·

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According to traders familiar with the matter, gold at the BOE has recently traded as much as a dollar an ounce below benchmark London prices. According to one of the ...

The euro is approaching parity with the US dollar.

by admin · May 19, 2022 ·

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As of Thursday morning in Europe, the euro was hovering around $1.05, after falling steadily for nearly a year, from around $1.22 in June. Earlier this week, the common currency ...

Forex News May 19, 2022

by admin · May 19, 2022 ·

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HSBC HSBC lowered its S&P 500 year-end target to 4,450 from 4,900 previously. Another of the subsequent calls/revisions to the equity outlook Their previous request for 4,900 people was made on ...

Pakistan is on the verge of declaring bankruptcy.

by admin · May 18, 2022 ·

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Pakistan's inflation rate has now reached 13.37 percent, ranking second in Asia only to Sri Lanka, which recently declared bankruptcy and is currently embroiled in political turmoil. Pakistan appears to be ...