GLOBAL NEWS

Euro Zone Investor Confidence Down as HSBC Profit Fell Hard

LONDON, United Kingdom – Weak earnings outdo robust economic data for European stocks on Tuesday, February 21, 2017. This is amid investors taking their cue from HSBC. The financial performance of the banking giant surprisingly slumped. This happens even though there are...

Trump Tax Reforms and Fed Interest Rate Hike

WASHINGTON, D.C. – Expectations heighten for another interest rate hike in the United States. The increase is seen to be done in the next few months. Tax reforms are also now being crafted in the Congress. The Bangko Sentral ng Pilipinas Governor, Mr. Amando M. Tetangco,...

Minimal Tweak in US-Canada Relationship Is Seen by Trump

MANILA, Philippines – The President of the United States, Donald Trump, said on Monday that he is going to make some adjustments in the trade relationship with Canada. This is in view of the visit of the Canadian Prime Minister, Justine Trudeau, in the United States. The...

S&P 500 Gains as Investors Trade on Trump

MANILA, Philippines – On Monday, the United States equity indices hit record highs. The benchmark S&P 500’s topped market value of $20 trillion. This happens as investors expect United States President Donald Trump to make good his promise on tax cuts mainly to...

OPEC Members Recorded 92 Percent Compliance on Output Cuts Deal

MANILA, Philippines – On Friday, oil prices increased as the reports came that members of the Organization of the Petroleum Exporting Countries (OPEC) delivered the output cuts amounting to more than 90 percent. This is a result of a landmark deal where members pledged to...

Easement of Dodd-Frank Regulation Creates Uncertainty

MANILA, Philippines – The United States Federal Reserve made a statement that there was an uncertainty regarding the U.S. fiscal policy upon the assumption of Donald Trump in the U.S. presidency. Nevertheless, the Fed will continue to be firm with meeting their targets in...

S&P 500 Dragged by Decrease in Oil Prices

The continuing decrease in oil prices due to output cuts have resulted in S&P 500 ratings having no progress. Due to the damage that lower oil prices have brought to energy stocks, progress in the sectors of finance and healthcare are now put on hold. According to Nicholas...

World Bank Uncertain on Global Growth for 2017 Due to US Policies

The World Bank is positive that an increased global growth for 2017 will indeed happen. This is due to the improvement in commodity and oil prices and its effect on emerging markets’ commodity exporters. A positive contributing factor is the end of recessions in Brazil and...

Oil and Financial Stocks Postpone Dow’s 20,000 Hit

Stocks in the energy and financial sectors affected the S&P 500 yesterday and the Dow, delaying its lead towards the 20,000 historical mark prior the fourth quarter earnings disclosure and anticipated Donald J. Trump administration’s policy changes. The Nasdaq finished with a...

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