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GLOBAL MARKETS-Shares hit by tech problems and Brexit snags

9 hours ago NAMEX Comments Off on GLOBAL MARKETS-Shares hit by tech problems and Brexit snags
LONDON (Reuters) – World stock markets fell on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down tech shares. FILE PHOTO: A trader works as a screen shows market data behind him at CMC markets in London, Britain, December 11, 2018. Read More

Are we ‘sleepwalking’ into next financial crisis? RT’s Boom Bust explores fiat v crypto battle

1 day ago NAMEX Comments Off on Are we ‘sleepwalking’ into next financial crisis? RT’s Boom Bust explores fiat v crypto battle
Bitcoin proponents have been lately voicing alarms after the US Federal Reserve printed more money in a single month than bitcoin’s entire market cap of nearly $149 billion. Since mid-September, the Fed has injected $210 billion into the economy, insisting the move is not a return to quantitative easing. Meanwhile, the former Bank of England Read More

Wall Street Week Ahead: Tech haves and have-nots face third-quarter tests

3 days ago NAMEX Comments Off on Wall Street Week Ahead: Tech haves and have-nots face third-quarter tests
NEW YORK (Reuters) – Technology companies, which make up the largest swath of the U.S. stock market, are expected to post a nearly 8% drop in third-quarter profits as reports roll in from many of the sector’s biggest corporations. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

China’s central banker says yuan level ‘appropriate’, trade tensions risk to global economy

4 days ago NAMEX Comments Off on China’s central banker says yuan level ‘appropriate’, trade tensions risk to global economy
WASHINGTON (Reuters) – China’s top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level. People’s Bank of China Governor Yi Gang, Federal Reserve Chairman Jerome Powell and Nigeria’s Finance Minister Read More

Cutting rates is bringing us closer to ‘the greatest amount of debt’ in human history – RT’s Boom Bust

4 days ago NAMEX Comments Off on Cutting rates is bringing us closer to ‘the greatest amount of debt’ in human history – RT’s Boom Bust
Ridiculously low interest rates around the world have recently become a hot topic among policymakers and market analysts. RT’s Boom Bust discusses how further cuts would affect ballooning negative yielding global debt. “In August we saw that we were at $17 trillion negative yielding global debt… The IMF is warning that if we reach $19 Read More

Wall St Week Ahead-Tech haves and have-nots face third-quarter tests

5 days ago NAMEX Comments Off on Wall St Week Ahead-Tech haves and have-nots face third-quarter tests
NEW YORK (Reuters) – Technology companies, which make up the largest swath of the U.S. stock market, are expected to post a nearly 8% drop in third-quarter profits as reports roll in next week from many of the sector’s biggest corporations. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Exclusive: Wall Street banks see green light from Fed on reserves – sources

6 days ago NAMEX Comments Off on Exclusive: Wall Street banks see green light from Fed on reserves – sources
NEW YORK/WASHINGTON (Reuters) – Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month’s volatility in overnight lending markets, three industry sources told Reuters. A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, Read More

U.S. housing starts fall; mid-Atlantic factory activity slows

6 days ago NAMEX Comments Off on U.S. housing starts fall; mid-Atlantic factory activity slows
WASHINGTON (Reuters) – U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy is slowing. FILE PHOTO: FILE PHOTO: Development and construction continues on a large scale housing project Read More

Morning News Call – India, October 17

7 days ago NAMEX Comments Off on Morning News Call – India, October 17
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:45 am: Junior Finance Minister Anurag Thakur and NITI Aayog Vice Chairman Rajiv Kumar at India Economic Conclave in New Delhi. 12:00 pm: Junior Finance Minister Read More

Weak U.S. retail sales cast pall over slowing economy

1 week ago NAMEX Comments Off on Weak U.S. retail sales cast pall over slowing economy
WASHINGTON (Reuters) – U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month. The downbeat report from the Commerce Department on Wednesday came on the Read More