Post Tagged with: "Federal Reserve"

Why the Santa rally in stock markets may just be a little late

Why the Santa rally in stock markets may just be a little late

All financial analysts have to make confessions from time to time. And I am man enough to grovel to my readers.? In mid-November, I confidently leading up to Christmas. It was as expected as a government denial of incompetence. A weak October and November indicated that investors would turn the […]

US investor appetite grows for Chinese stocks despite market bloodbath and trade worries

US investor appetite grows for Chinese stocks despite market bloodbath and trade worries

A stock market bloodbath in China this year may have spooked investors in the country, but Wall Street fund managers see bargains in the carnage. First Wilshire, a Pasadena, California-based firm managing about US$400 million of US capital, is among US investment managers that have been adding Chinese stocks in […]

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

US stocks surged, the US dollar weakened and Treasuries tumbled with gold as investors got good news on the economy, Federal Reserve policy and trade tensions. The S&P 500 rallied 3.4 per cent, the Dow Jones Industrial Average roared higher by almost 750 points and the Nasdaq 100?s surge topped […]

Trexit ? the one thing Donald Trump can do to save the US and global markets in 2019

Trexit ? the one thing Donald Trump can do to save the US and global markets in 2019

It is often said that the darkest hour is just before the dawn. For eternal optimists, there is always hope that morning brings something brighter, more promising. Global markets have had a lot thrown at them in recent years, from the to the European debt crisis, but they have always […]

US Fed?s Jerome Powell is ?100 per cent? safe as chairman, says Trump economic adviser Kevin Hassett

US Fed?s Jerome Powell is ?100 per cent? safe as chairman, says Trump economic adviser Kevin Hassett

US President Donald Trump won?t try to fire Federal Reserve Chairman Jerome Powell, a top White House economic adviser said on Wednesday. Kevin Hassett, chairman of the White House Council of Economic Advisers, told reporters ?yes, of course, a hundred per cent? after he was asked whether Powell?s job is […]

Dow rises a record 1,050 points, as US stocks stage a massive Boxing Day rebound after pre-holiday punishment

Dow rises a record 1,050 points, as US stocks stage a massive Boxing Day rebound after pre-holiday punishment

US stocks rebounded on Wednesday, staging one of the biggest rallies of the decade after coming within points of seeing the bull market end, with major indexes surging about 5 per cent and the Dow registering its biggest one-day point increase ever. The Dow Jones Industrial Average jumped more than […]

Christmas ups and downs on Wall Street: goodbye to the era of cheap money, hello to volatility?

Christmas ups and downs on Wall Street: goodbye to the era of cheap money, hello to volatility?

Remember the ?America first? trade? That was the much-trumpeted investment strategy in the first nine months of this year which involved betting heavily on the outperformance of American financial assets. In equity markets, the trade worked wonders, with the benchmark S&P 500 index gaining more than 9.5 per cent, while […]

Donald Trump expresses confidence in ?very talented? Treasury Secretary Steven Mnuchin despite market slide

Donald Trump expresses confidence in ?very talented? Treasury Secretary Steven Mnuchin despite market slide

US President Donald Trump expressed his confidence in Treasury Secretary Steven Mnuchin, who is struggling to contain his first real crisis but has failed to satisfy investors unnerved by turmoil in Washington. Trump said that Mnuchin is a ?very talented guy, very smart person?, but complained again about the US […]

Donald Trump wants to know if he has the power to fire Fed chair Jerome Powell

Donald Trump wants to know if he has the power to fire Fed chair Jerome Powell

US President Donald Trump has asked internal and external advisers about whether he can fire Federal Reserve Chairman Jerome Powell, two people familiar with the exchanges said, in a sign of his mounting frustration with the central bank chief. News of Trump?s discussions about Powell prompted rebukes from lawmakers and […]

Donald Trump attacks the Fed as ?the only problem?, and US markets plummet again

Donald Trump attacks the Fed as ?the only problem?, and US markets plummet again

US President Donald Trump has blasted the Federal Reserve, describing it as the ?only problem? for the US economy, as top officials convened to discuss a rout in stock markets that saw them spiral downwards again on Monday. The Dow Jones Industrial Average finished Christmas Eve down 2.91 per cent […]