ECB statement - rate cut confirmed, net purchases restarted

ECB statement - rate cut confirmed, net purchases restarted

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of...
Gold reserves continue to rise

Gold reserves continue to rise

According to Zerohedge, China's foreign exchange reserves jumped to $3.1072 trillion despite the falling yuan and escalating trade war with the US, while raising its gold holdings by nearly 2.89 million troy ounces (99 tons) in nine months. That's nearly five percent more since the end of last year. As Bloomberg reports, that buying spree...
S&P 500 near All time high

S&P 500 near All time high

According to Reuters, the Federal Reserve is expected to cut interest rates again this month to keep the longest economic expansion in history, now in its 11th year, on track. The U.S. central bank lowered borrowing costs in July for the first time since 2008. Nonfarm payrolls increased by 130,000 jobs last month, the government...
Situation about Brexit is tangling

Situation about Brexit is tangling

According to Reuters, Parliament’s move leaves Brexit up in the air, with possible outcomes ranging from a turbulent no-deal exit to abandoning the whole endeavor - both outcomes would be unacceptable to swathes of the United Kingdom’s voters. An alliance of opposition lawmakers backed by 21 rebels from Johnson’s Conservative Party defeated the government on...
Trade deal in short-term?

Trade deal in short-term?

The end of the last week we could see higher volatility on the stock market because of next step - Tarrif war between Xi and Trump. According to the Reuters: Trump announced an additional duty on some $550 billion of targeted Chinese goods, hours after China unveiled retaliatory tariffs on $75 billion worth of U.S....