by Laura Hochstetler | Jun 30, 2018 | Uncategorized, Weekly Market Update
Market Action China’s central bank reduced the amount of cash some lenders must hold as reserves, trimming the required reserve ratio for some banks by half a percentage point. The aim was to support small and micro enterprises, and to further promote the...
by Laura Hochstetler | Jun 23, 2018 | Uncategorized, Weekly Market Update
Market Action Trade war threats shook the markets this week and drove them down. US President Donald Trump said he would impose tariffs on $50bn of Chinese goods because Beijing is not dealing with American complaints about stealing intellectual property. In response,...
by Andy Quirk | Jun 16, 2018 | Uncategorized, Weekly Market Update
Market Action The Dow Jones Industrial Average dropped 200 points on Friday morning after US President Trump announced $50 tarifs on $50 billion worth of Chinese imports. China’s Ministry of Commerce has said it will respond in “equal scale and equal strength.” Later...
by Laura Hochstetler | Jun 9, 2018 | Uncategorized, Weekly Market Update
Market Action The leaders of the G7 countries met in Quebec Friday and Saturday, amid deep tension about US tariffs and other issues. Members issued a joint statement on Saturday that underscored the importance of rules-based, international trade. On Sunday the Swiss...
by Laura Hochstetler | Jun 2, 2018 | Uncategorized, Weekly Market Update
Market Action A coalition deal was reached in Italy as the Five Star Movement and League officially joined forces to govern the eurozone’s third-largest economy. In Spain, Pedro Sanchez claimed the country’s prime minister post after his socialist party...
by Laura Hochstetler | May 27, 2018 | Uncategorized, Weekly Market Update
Market Action The EU began enforcing the General Data Protection Regulation (GDPR), which applies to any company doing business in the bloc and includes new privacy rights as well as data collection responsibilities. The GDPR is backed up with high fines: up to 4% of...