by EFSD | Nov 2, 2019 | Economic News
The S&P 500 and Nasdaq both trade in record territory in the past week, and the Dow could be just days away from its own new high.The Dow’s record high is 27,398, and it was trading within a half percent of its high.Earnings results have been adequate enough to...
by EFSD | Oct 28, 2019 | Economic News
Europe’s largest lender HSBC reported third-quarter pre-tax profits that fell from a year ago, despite strength in its Asia operations.The bank said its before-tax profit in Asia climbed 4% from last year, noting a “resilient performance in Hong Kong.”Though the bank...
by EFSD | Oct 26, 2019 | Economic News
U.S. government debt yields rose Friday as investor concerns over U.S.-China trade relations, Brexit and other geopolitical issues relaxed. Traders also looked ahead to next week’s Federal Reserve meeting. TREASURYS...
by EFSD | Oct 24, 2019 | Economic News
The New York Fed announced it is increasing its temporary overnight repo operations to $120 billion a day from the current $75 billion.In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion The Federal Reserve is ramping up...
by EFSD | Oct 22, 2019 | Economic News
Negative interest rates have “adverse consequences which we do not fully understand,” Jamie Dimon, CEO of J.P. Morgan Chase, told CNBC-TV18 on Monday.The European Central Bank last month pushed rates deeper into negative territory, while the Bank of Japan appeared to...
by EFSD | Oct 21, 2019 | Economic News
The move in markets comes after a complicated day for Brexit on Saturday.U.K. Prime Minister Boris Johnson was thwarted by a cross-party group of politicians who voted to postpone the “meaningful vote” on his new divorce deal.They also forced him to ask Brussels for...
