Tag Archives: since

Stocks set for longest losing streak since March, euro shines

LONDON: World stocks were set for their longest losing streak in more than six months on Wednesday as weaker commodities weighed, while the euro hit its highest levels in three weeks. The MSCI world equity index, which tracks shares in 47 countries, fell almost 0.2 per cent and was set for its fifth straight day of declines — its longest run in the red since March. ... Read More »

Steel stimulus drive China’s strongest economic growth since 2015

China’s economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. Growth of 6.9 percent was the fastest in six quarters, with forecast-beating March investment, retail sales and exports all suggesting the economy may carry solid momentum into spring. But ... Read More »

China posts worst export fall since 2009 as fears of U.S. trade war loom

China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week, China’s leaders will see if President-elect Donald Trump makes good on a campaign ... Read More »

UK factory activity grows in September at fastest rate since June 2014 – PMI

British factory activity grew at the fastest rate in more than two years last month, boosted by a surge in export orders after sterling slumped following June’s referendum vote to leave the European Union, a survey showed on Monday. The Markit/CIPS Purchasing Managers’ Index (PMI) for the manufacturing sector reached its highest level since June 2014 in September, rising to ... Read More »

FTSE poised for biggest drop since June

UK shares fell at the open, set for their biggest drop since June 27 as stocks and bonds were sold off across the world on nervousness about central bank policies. Equities dropped as bond yields rose in the U.S. and Asia on the back of a possible September U.S. rate hike and questions about whether central banks had reached the ... Read More »

London traders brace for biggest night since ‘Black Wednesday’

The world’s biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain’s referendum on EU membership, set to be among the most volatile 24 hours for markets in a quarter of a century. A vote to leave the European Union on June 23 would spook investors by undermining post-World War Two ... Read More »

Australian banks report lowest profitability since 2009

Australia’s banks are the least profitable they have been since the global financial crisis, with ratings agency Moody’s warning things will get worse later this year. In its summary of the big four banks’ latest profit results, analysts from UBS said adjusted return-on-equity (ROE), a key measure of profitability, was 14.9 per cent. That’s down from 15.7 per cent last ... Read More »

Yen posts biggest weekly gain since 2008, stocks slip

The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding stimulus to the economy, while stocks in Europe and on Wall Street headed lower as earnings disappointed. Major European stock indexes closed down more than 2 percent, but U.S. equities pared some losses by the close after being down as much ... Read More »

New Zealand cuts interest rates for the fifth time since June

In a surprise move, the Reserve Bank of New Zealand (RBNZ) has cut its lending rates for the fifth time since June last year to a record low of 2.25%. The bank said the 25 basis point cut was due to global growth worries and weaker demand from China – an important trade partner. New Zealand is the world’s largest ... Read More »