The big news of the week is the vote in the United Kingdom (UK) concerning the continuing participation of the country in the European Union (EU). The vote yesterday known as Brexit, was 48.1% to remain and 51.9% to depart from the bloc. Voter participation in the referendum hit 72.2% of the electorate. As a result of the Brexit vote, world equities in Asia dropped precipitously. In Japan for example, the Nikkei dropped 7.9%. In Europe, the major exchanges also fell on […]
Investment Newsletter Updates
Weekly Market Review – June Week 3
The big news for the week is the now historical marker, when Germany’s key benchmark 10 year bond hit zero and went negative at -0.01%. It is a strong indication that central banks are losing control over monetary policy in Europe and worldwide. The European Central Bank has printed massive quantities of notes, negative interest rates, quantitative easing in the purchase of government and now corporate bonds. Yet, economic growth in the Euro-zone remains lethargic. The other news for the week is […]
Weekly Market Review & Target Fills June Week 2
The big news for the week is the increasingly likelihood that the Federal Reserve Bank (Fed) the equivalent of the central bank in the United States (U.S.) will not raise interest rates in the short term. This was the result of the preceding weeks jobs report which saw just 38,000 jobs added to the economy in May, when 164,000 was expected. The Fed has indicated that 100,000 is what is needed just to keep pace with population growth. It is the smallest […]
Weekly Market Review June Week 1
The week would be highlighted by two meetings in Vienna, Austria. One would be OPEC (Organization of Petroleum Export Countries), where the oil cartel would once again attempt a production freeze on oil output. The other would be the ECB (European Central Bank) where it would be decided if the financial institution would expand stimulus in an attempt to recharge the slow growing EU(European Union) economy. An OPEC output agreement on crude failed because Iran refused to agree to a new Saudi […]
Weekly Market Review & Target Fills May Week 4
The finance ministers and central bankers from the seven largest advanced economies (G7) met in Japan over the weekend discussing a wide range of global issues that included, the Brexit, crude oil prices, financial regulation, cybersecurity, monetary policy, tax evasion and global growth. The meeting adjourned with the participants all calling for more efforts towards growth. There was an agreement that a mix of fiscal, monetary, and structural policies would be needed. However, it was decided that each country would enact plans to […]
Weekly Market Review & Target Fills May Week 3
The finance ministers and central bankers from the 7 largest advanced economies (G7) are meeting in Japan to discuss a wide range of global issues that will include, the Brexit, crude oil prices, financial regulation, cybersecurity, monetary policy, tax evasion and global growth. The week began with a surge in oil prices on news that Goldman Sachs was predicting higher prices. The American based investment firm was calling for $50.00 USD (United States Dollar) by the end of 2016. The reassessment was […]
Weekly Market Review & Target Fills May Week 2
The week began with global equities and markets mostly up, helped by some good corporate earnings, a surge in oil prices and news that Japan was willing to devalue the yen. As the week progressed the markets would then reverse as investors assess various economic indicators. The American New York Stock Exchange will decline for the third consecutive week. The big business news was the surge in oil prices that was caused by a huge wildfire in Alberta Canada. The blaze would […]
Weekly Market Review & Target Fills May Week 1
The week began with global equities and markets mixed, but kept moving down as the week progressed. This was the result of a number of factors beginning with Japan reporting domestic manufacturing contracting, at the fastest pace since 2013. China also stated that factory activity edged down last month, indicating to investors a further weakening of the world’s second largest economy. Japanese stocks fell 3% on Monday extending the loss of 5% from the week before on their main index. A percentage […]
Weekly Market Review & Target Fills April Week 5
The week began with global equities and markets almost all down. This was the result of a number of factors that included the fall in German business sentiment in Europe and the growing fear of corporate defaults in China. Investors were also looking to see what the central banks in Japan and the United States were going to do later in the week. The United States has posted results for GDP (Gross Domestic Product) growth for the first quarter of 2016. The […]
Weekly Market Review & Target Fills April Week 4
At the beginning of the week, shares on equity markets on a global scale headed down. This was the result of the news that the 15 largest exporters of oil both in and outside of OPEC (Organization of the Petroleum Exporting Countries), failed to reach an agreement in Doha, Qatar over the past weekend. Together, they represent 75% of global output. Crude prices dipped 3.1% as a result. The attempt to freeze production, was undermined because of the ongoing dispute between the […]