Market News

Facebook plans to launch their cryptocurrency Facebook Libra, but there is no specified strategy. The main problem for Facebook is regulation of the digital currency by U.S. government. At this stage, there is no strategy set in stone for the markets or the product, or how it will actually get rolled out in June. After...

The Australian stock market is modestly higher on Thursday after strong employment data. The unemployment rate falls 0.1% to 5.2%, with 39,900 new jobs created during November. In meanwhile, New Zealand’s GDP growth beat expectations in the third quarter. The economy expanded 0.7% quarter-on-quarter, faster than the 0.6% economists had expected. In the currency market,...

British inflation stood at three-year low in November. Data are below Bank of England’s 2% target. CPI inflation rose 1,5%. Growth was 0,1% higher than forecasts of analysts. Slowing economic growth and uncertainty around Brexit had biggest impact on the inflation in previous time. Analysts expect downgrading of main interest rate from central bank this...

Toyota’s current sales are on record highs in 2019. Expectations despite slowing demand in China and United States, expects to stay on the highs in 2020, too. Japanese automaker in planning to sell 10.77 million vehicles in 2020. Numbers includes brands which are sold under Toyota conglomerate- Toyota, Lexus and Daihatsu brands along with Hino...

China lowered their expected economic growth from 6%-6,5% to 6% in 2020. Chinese leaders are trying to support growth to limit job losses that could affect social stability but are facing pressure to tackle debt risks caused by pump-priming policies. The government aims to boost infrastructure investment by allowing local governments to issue more special...