by Joel Charalambakis | May 28, 2017 | Weekly Market Update
Market Action Moody’s lowered China’s credit rating by two notches this week citing surging liabilities and weakening financial strength within the country. The move marks the first rating downgrade of China in over 25 years and was greeted harshly by the country’s...
by Joel Charalambakis | May 21, 2017 | Weekly Market Update
Market Action The Euro hit its highest level in several months this week as the dollar fell for over five consecutive days. German elections that point to Merkel being reelected, Eurozone GDP growth, and other economic data points all contributed to the currency’s...
by Joel Charalambakis | May 14, 2017 | Weekly Market Update
Market Action The U.S. and China stuck an agreement on a 10 point trade package on Friday centered around good and services such as beef, poultry, natural gas, financial services and biotechnology. Commerce Secretary Wilbur Ross touts the deal as a means to reducing...
by Joel Charalambakis | May 6, 2017 | Weekly Market Update
Market Action The April employment report came in much stronger than expectations. The unemployment rate fell to 4.4%, a post-crisis low on the heels of 211,000 jobs created in April. The report boosted the odds of a Fed rate hike in June to 80% according to market...
by Thierry Malleret | May 2, 2017 | Weekly Market Update
April 2017 The IMF global growth forecasts are on the move again, but for the first time in six years they’re on the up. They now anticipate global GDP will rise by 3.5% this year and 3.6% in 2018, the same as last October’s forecast. Albeit a rather tepid...
by Joel Charalambakis | Apr 30, 2017 | Weekly Market Update
Market Action After France’s election equity markets took off across the globe, approaching recent highs. The Euro reached a five-month high after the results of France’s election and the nation’s stock market rose over 4% on Monday’s opening trade. China’s...