U.S. stock markets are holding onto their gains. Why are investors so confident that inflation risk will go away and the Fed will deliver more cheap money later this year? Because of the TACO trade. They seem to be betting that Trump’s tariff levels will go lower and that, in turn, the U.S. Federal Reserve…
AstraZeneca CEO Pascal Soriot, pictured in London on June 28, 2023, reportedly wants to move the company’s stock listing from London to the United States. Justin Tallis | Afp | Getty Images Pressure is piling on London’s stock exchange, with reports that British pharma giant AstraZeneca may move its listing to the U.S. delivering yet…
U.S. stock futures were down marginally by 0.2% this morning following another all-time high by the S&P 500 index yesterday. Macro data is starting to look weaker. Consumer spending was down in May and the job market is getting worse for employees. That suggests the Fed may cut rates in September, analysts say, which would…
Despite significant macro risks ahead—including looming tariffs and weak consumer spending—markets remain buoyant, with the S&P 500 hitting a record high of 6,173.07 and futures rising further. Investors appear to be expecting either a tariff deadline extension or Federal Reserve rate cuts to support stocks. The S&P 500 set a new record on Friday and…
The dollar has lost 10.48% of its value against other currencies on the DXY index, year to date. Currencies usually move against each other in fractions of a percent, so that’s a relatively massive collapse in value. The dollar was down 0.55% this morning, at the time of writing. And—you guessed it—the person responsible is…
Stock markets seem to be celebrating the ceasefire between Iran and Israel and the resulting decline in the price of oil. Asia markets were up and Europe was flat in early trading. S&P futures were flat this morning too, following a decline in the price of oil to $68 per barrel over the last few…
Trump’s two-week delay on an Iran bombing decision has generated uncertainty that is holding investors (and businesses) back from making decisions. While the “fear index” dropped, U.S. markets still slid slightly in premarket trading. Investors didn’t exactly breathe a sigh of relief after President Trump postponed a decision on bombing Iran for two weeks. U.S….
The human cost of global conflict is unbearable for the victims, of course, and it comes with an economic cost too, which analysts are trying to estimate right now. President Trump has reportedly approved a plan to bomb Iran but not yet given the green light for action. The main issue for investors is what…
Investment bankers in China are struggling to stay relevant after a tough year for deal-making, deep pay cuts, and widening regulatory probes that have sent a chill through the once-vibrant industry. While their peers on Wall Street are looking forward to bigger bonuses for the first time since 2021, Chinese bankers are bracing themselves for…
The tycoon behind China’s RoyalFlush trading app has added $6 billion to his wealth since the nation’s stimulus blitz in September, underscoring how the volatility has been a boon for an elite few. Yi Zheng, an engineering graduate who founded the entity behind Hithink RoyalFlush Information Network Co. in 1994, four years after China’s stock…