In today’s recap we cover some of the most important news that happened this week, on of them is how the auto sales in China may fall to just 26 million this year, a dip of around 8%, industry executives warn, as the world’s largest auto market braces for a 2nd year of contraction amid slowing economic growth & ever tightening vehicle emissions standards. Italian-American Fiat Chrysler & French Peugeot owner PSA have officially agreed to join forces in a $50 billion […]
Day Trading Blog
Recap October 27: World Riots Rock Stocks – China More Rich than Americans (Recap Ep042)
Among the most important news that happened this week are the protests going on in Chile. Emerging market investors trading in the Chilean peso lose as the worst protests in decades are occurring leading to 1000’s of arrests & 15 deaths. European firms are exposed, especially miners with operations in the copper-rich country. JPMorgan is turning bearish on Chile’s domestic stocks, lowering the country to underweight from neutral. President Piñera acknowledges government failures & is announcing economic reforms intended to restore order. […]
Recap October 20: Partial Trade Deal – Stocks Trading Mixed (Recap Ep041)
In today’s recap we cover some of the news that affected the market the most like the preliminary trade deal between China and the U.S. U.S. recession concerns are easing now that the Treasury yield curve is no longer inverted. It has been a reliable bond-market harbinger of past economic downturns. However, markets are still divided on whether a recent steepening of the curve points to brighter economic prospects, or remains an indication that the U.S. is still rushing headlong, into a […]
Recap October 13: Partial Trade Deal – Companies Abandon Libra (Recap Ep040)
In the recap of this week, we found that U.S. stock futures rose higher on Friday, ahead of the 2nd day of trade talks between China & the U.S. with major indices up near 1%. Investors are now counting on at least a partial deal, between the world’s two largest economies. Trade has dominated markets once again this week, with stocks rising & falling with the headlines. President Trump has vowed to block the U.S. House of Representatives’ impeachment inquiry. Democratic congressional […]
Recap October 6: Facebooks Libra in Trouble – Bad Economic News (Recap Ep039)
In this week’s recap, markets afected due the weaker economic data from the US and Europe, reflecting on global stocks with negative stats. Billionaire and investor Mark Cuban said “Cryptocurrencies, particularly Bitcoin, are only worth what someone is willing to pay for it” PayPal withdraws from Facebook’s Libra proyect, Visa and MasterCard are evaluating if they do the same. This thursday interest rate on Futures Traders are increasing The Central Bank of The United States bet, as the Bank is to low […]
Recap September 29: Stocks Drop, Oil Drops, Trump Drops (Recap Ep038)
In this week’s recap we find several ups and downs in the Asian and American markets, due to the trade war and the different decisions of the political leaders. On Wednesday, the Japanese trade deal & increased optimism about a possible agreement with China helped propel the U.S. stock market higher in its best day in 2 weeks. Investors are shrugging off the news of an impeachment inquiry into President Trump, while Nike shares jumped 4.2% on upbeat quarterly results. Helping sentiment, […]
Recap September 22: Marshall Swaps Dollar for Digital Currency – Saudis Arabia Attacked (Recap Ep037)
In the recap of this week, the most important news were the drone attacks on the Saudi oil industry, what forced a shutdown of half its crude production, amounting to a loss of 5.7M barrels a day, or roughly 5% of the world’s daily production of crude oil. Yemen’s Iranian-aligned Houthi rebels claimed credit for the strike at important Aramco facilities, including the world’s largest oil processing plant & a major oil field. The U.S. government will try to mitigate any damage […]
Recap September 15: France & Germany Block Facebook’s Libra – Stocks Rise (Recap Ep036)
In the recap of this week, we found that U.S. & world stock markets are overall climbing to their highest level in 6 weeks, as the European Central Bank prepares to offer new stimulus measures. The United States & China made mutual concessions in their ongoing trade dispute, improving investor demand for equities. An anonymous entity recently made 1 of the biggest transactions in Bitcoin history at 94,504 bitcoins. At the then-current Bitcoin price of around $10,600, the transaction was worth almost […]
Recap September 8: China Launches Digital Currency – Germany almost in Recession (Recap Ep035)
In today’s recap we talk about the big news in cripto currencies this week with the announcement by the payments department of the people’s bank of China that they’re launching a new criptocurrency that’s gonna be similar to Facebook’s Libra. This new cypto is gonna be able to go across all major payment platforms including WeChat and Alipay. Also, we talk about the blow the UK Prime Minister Johnson’s Brexit strategy recieved by lawmaker voting to delay the country’s exit from the […]
Recap September 1: Insiders Selling Stocks in Droves – Trade War Continues (Recap Ep034)
This week the markets went up, president Trump said that China pretends to reach a deal with the United States and is talking about reestablishing the dialogs. Corporate leaders in the U.S. are selling their stocks due to the uncertainty around economic growth, more than 600 million dollars in stock have been sold each day during August. In financial news, investors think that the trade war is gonna put pressure on the interests of the U.S. central bank. Expectation was created with […]