From “BTFD” To “Sell The Rip”: Global Stocks Slide, Nikkei Tumbles, Pound Plunges
S&P futures gave up early gains and were trading down -0.2%, as Donald Trump completes his first Asian tour and as pressure mounts on U.K. Prime Minister Theresa May, sending the pound plunging. European stocks fell, tracking many Asian shares as the Nikkei plunge accelerated. In Europe, the Stoxx 600 fell as much as 0.4%, […]
Sensex Ends Day In Red; Metal Stocks Lose The Most
After opening the day flat, Share markets in India witnessed selling pressure and are ended the day in red. At the closing bell, the BSE Sensex closed lower by 281 points and the NSE Nifty finished down by 97 points. The S&P BSE Mid Cap finished down by 0.1% while S&P BSE Small Cap finished up by 0.1%. Gains were largely seen in consumer durable stocks, capital good stocks and bank stocks. Asian stock markets finished […]
Bitcoin Continues To Tumble; Erases $38 Billion In Market Capital
The unregulated global digital currency Bitcoin continues to tumble following the suspension of Segwit2x software upgrade on Wednesday. The suspension which was announced by Mike Belshe, CEO and co-founder of Bitcoin wallet software provider BitGo, plunged the dominant cryptocurrency from $7,882 a coin after he said in an email that the upgrade proposal is presently too controversial […]
Sterling Trounced By Growing Political Challenges
The US dollar has begun the new week on firm footing, without the help of either higher interest rates or increased confidence that Congress will agree on a tax plan. Indeed, over the weekend the Chair of the House Ways and Means Committee was explicit that the Senate plan to repeal the federal tax break […]
US REITs Rise For A Second Week
Real estate investment trusts (REITs) in the US surged last week, posting the strongest gain among the major asset classes, based on a set of exchange-traded products. The rise marks the second weekly increase in a row for securitized real estate. Vanguard REIT (VNQ) jumped 2.2% over the five trading days through Nov. 10. The advance lifted […]
Pound Tumbles As Theresa May Faces Leadership Challenge Over Brexit Chaos
It might be a modest exaggeration it to say that Theresa May’s position as Prime Minister is doomed, but that is the general direction as the newsflow for the British PM remains overwhelmingly bad. Scandals aside, May seems to be falling into the growing gulf between Conservative MPs who are pushing more strongly for a […]
First Solar: Recovery In Progress
First Solar (Nasdaq: FSLR) designs and manufactures solar modules using a proprietary thin film semiconductor technology. The company has developed, financed, engineered, constructed and currently operates many of the world’s largest grid-connected PV power plants. First Solar relies almost entirely on utility-scale projects which accounts for over half of the U.S. solar market and can be affected by the potential […]
Sensex Continues Downtrend; Metal Stocks Top Losers
After opening the day flat, Share markets in India witnessed selling pressure and are presently trading in the red. Sectoral indices are trading on a mixed note, with stocks in the IT sector and stocks in the auto sector witnessing maximum buying interest. While stocks in the metal sector are leading the losses. The BSE Sensex is trading down by 140 points (down 0.4%) and […]
Forex Week Ahead: Inflation And GDP Reports
Inflation and GDP data will be the main dominating themes this coming week. Data from the Eurozone, Canada, the United States, the UK, and Sweden will show the overall inflationary trends during the month of October. The inflation data is also likely to influence some of the monetary policy decisions due in December. However, consumer […]
The Elite Sport Of Tax Evasion
“Tax havens are one of the key engines of the rise in global inequality. As inequality rises, offshore tax evasion is becoming an elite sport.”— economist Gabriel Zucman, Nov 8, 2017. See: The desperate inequality behind global tax dodging A massive leak of more than 13m files reveals the hidden wealth of some of the world’s […]
