With the Bank of Japan maintaining its ultra dovish stance of negative interest rates, the rate differentials between the U.S. and Japan’s central bank will persist, said Goldman Sachs economists. Bloomberg | Bloomberg | Getty Images The U.S. Federal Reserve, Bank of Japan and European Central Bank will all announce […]
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A 10-year rally in U.S. home prices could be coming to an end, says Yale’s Robert Shiller
“The fear of interest rate increases has influenced people’s thinking — it’s not just the homeowners, it’s new buyers who wanted to get in before the interest rates went up even more,” says Robert Shiller, professor of economics at Yale University. Bloomberg | Bloomberg | Getty Images A decade-long rally […]
Spain’s election ends with no clear majority, throwing the country into political limbo
The leader and candidate of conservative Partido Popular (People’s Party) Alberto Nunez Feijoo. Oscar Del Pozo | Afp | Getty Images Spain’s election Sunday ended with no clear majority for either of the two main parties, throwing Europe’s fourth-largest economy into political limbo. With all votes counted, Spain’s conservative Partido […]
China property stocks tumble on renewed debt fears
Country Garden shares tumbled to fresh eight-month lows Monday, extending losses on renewed debt fears for the Chinese property sector. Future Publishing | Future Publishing | Getty Images Chinese property stocks tumbled on Monday, led by shares of Country Garden which sank to fresh eight-month lows on renewed debt fears […]
China has announced a slew of measures to bolster its economy. Here’s what we know so far
China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first half performance of the world’s second-largest economy. Str | Afp | Getty Images China is ramping up measures aimed at […]
Goldman Sachs expects ‘all time high’ oil demand to spur large deficits, boosting prices
Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Goldman Sachs expects record demand in oil markets to drive crude prices higher in the near term. “We expect pretty sizable deficits in the second […]
Spain’s election ends with no clear majority, turning focus to coalition talks
BARCELONA, SPAIN – JULY 23: A man votes at historical building of Universitat de Barcelona on July 23, 2023 in Barcelona, Spain. Voters in Spain head to the polls on July 23 to cast their votes and elect Spain’s next government. (Photo by Javier Mostacero Carrera#1102751#51C ED/Getty Images) Javier Mostacero […]
Wall Street cut China’s GDP forecast many times this year. One bank adjusted 6 times
Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019. Reuters BEIJING – International investment firms have changed their China GDP forecasts nearly every month so far this year, with JPMorgan making six adjustments since January. That’s according to CNBC analysis […]
Apple supplier Foxconn’s failed India chip venture shows how tough it is for new players
This month, Foxconn pulled out of its joint venture with Vedanta. The two sides “mutually agreed to part ways,” Foxconn said in a statement at the time. Sopa Images | Lightrocket | Getty Images Foxconn is best known as the main assembler of Apple’s iPhones. But in last couple of […]
Here’s what the bears are missing, and why there’s still money to be made in this bull market
If you had to ask me what the bears got most wrong, it’s pretty simple: Federal Reserve Chairman Jerome Powell’s remarkable ability to divine the moment and do the right thing. This week, I will have confidence, again, in his decision-making and while anything he says can cause a hiccup […]