(Refiles to correct spelling of Macron’s first name in paragraph 12) By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Many world markets took a breather on Monday as investors awaited the outcome of U.S. President Donald Trump’s extraordinary meetings with Ukraine’s Volodymyr…
Bill Smead doesn’t know how long the current stock-market rally can continue, but the veteran investor does think it’s in a particularly vulnerable spot. In his Q2 letter to investors on July 15, Smead — whose Smead Value Fund (SMVLX) has beaten 96% of peers over the last 15 years, Morningstar data shows — shared…
Hong Kong’s retail industry will experience mixed fortunes in coming months, as rising unemployment threatens to dent consumer spending even as the economy and household incomes improve and tourist numbers surge, according to CBRE. “Right now, there is positive news and negative news in the market,” said Lawrence Wan, senior director and head of advisory…
Hong Kong’s retail industry will experience mixed fortunes in coming months, as rising unemployment threatens to dent consumer spending even as the economy and household incomes improve and tourist numbers surge, according to CBRE. “Right now, there is positive news and negative news in the market,” said Lawrence Wan, senior director and head of advisory…
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with ebbing demand for gasoline and diesel. In the post-pandemic period, as flights returned to the skies, jet fuel was a boon for domestic refiners struggling with a sputtering economic recovery,…
Overseas retailers have raised prices for goods ranging from lipstick, shoes and clothes to Nintendo games in response to the United States’ sweeping tariffs on its global trading partners, but a Hong Kong lawmaker has said products imported from mainland China remain unscathed so far. The move by overseas retailers followed an executive order signed…
“The stock market is not the economy” is a common refrain. The thinking goes that while losses in the stock market may hurt Wall Street investors, Main Street is the real backbone of the economy. While that may be true, stocks are an important psychological lever and there is a threshold for losses, beyond which…
Stocks took a hit today, and it doesnt look like things will be calming down anytime soon. The Dow Jones Industrial Average (DIA) dropped 1%, while the S&P 500 (SPY) and Nasdaq Composite (NASDAQ:QQQ) fell by 1.14% and 1.56%, respectively at 10.25am today. Consumer sentiment is sliding, with the University of Michigans latest survey showing…
LITTLE ROCK (KATV) — The Federal Reserve is keeping interest rates unchanged. Analysts say today’s decision shows the central bank is waiting to see how the Trump Administration’s policy changes will shape the U.S. economy. Before this announcement, numbers put out by the Organisation for Economic Co-operation and Development on Monday provided a dim outlook…
China published a new action plan last Sunday aimed at boosting consumer spending, and the immediate question for many observers was whether this “spend, spend, spend” initiative will be effective this time around. Historically, China has pursued strategies to stimulate domestic spending since the late 1990s, when the country began producing more goods than it…