Market News

Asian benchmarks were broadly lower on Wednesday morning, pressured by concerns about a hard Brexit and concerns that the trade war between the United States and China will lag on for the foreseeable future.

The latest data from the European Union reinforces the outlook provided by the head of the European central bank last week.

Japan's Central Bank decided to keep its cash rates at the same level, implying that they would employ stimulus measures “without hesitation” if the global economic slowdown affects the Japanese economy.

New UK Prime Minister Boris Johnson has his work cut out for him – in addition to working on getting the UK out of the European Union, he also has to worry about the continually falling pound

An ultimatum issued by Jean-Claude Juncker, the head of the European Commission, to the UK Prime Minister, essentially stating that the latest Brexit proposal was the only Brexit proposal Boris Johnson would get, sent Sterling markedly lower against the greenback.

Chinese representatives are expected to meet this week with their American counterparts in Shangai, despite many considerations that no significant deal is going to be reached.

Data out of the United States on Friday showed that the country’s gross domestic product (GDP) expanded by 2.5 percent in 2018, not at a rate above 3 percent as President Trump originally claimed.

The continuation of the world trade war, led by the United States of America and China, the world’s two strongest economies, and as expected from the International Banks and Financial institutions, led to slowing of global economic growth.

The common currency euro continues to move higher against the greenback, moving away from a 2-month trough after the European Central Bank's Mario Draghi surprised investors.

The British Labour party member John Mcdonnell exposed clearly what his party intends to do regarding the Brexit.

Boris Johnson, the new Prime Minster of Britain, has reiterated his long held stance that he is willing to withdraw from the EU even if no agreement has been reached.

The S&P 500 and the Nasdaq hit new all-time highs on Wednesday, led by strong earning reports and a rally in the tech sector, specifically in the semiconductor arena.

After several days of losses the Pound Sterling finally saw a reprieve against the greenback and Euro during Wednesday trade in London.

Recent Australian Economic data shows a slowing down real estate market, as the demand hit a 6-year low.

Politicians, market analysts, manufacturers, and consumers across the globe have been eagerly awaiting news about the trade negotiations between the United States and China, but it appears that a true update may not be imminently forthcoming.