New tarrifs on the way

New tarrifs on the way

According to zerohedge, Earlier today we reported that contrary to the conventional wisdom that Trump blasted off his 1pm China tariff tweet - in which he single-handedly ended the ceasefire between the US and China when he unveiled 10% tariffs on $300BN in Chinese imports starting September - on his own, instead a number of...
Lufthansa falls more than 5 percent after bad data

Lufthansa falls more than 5 percent after bad data

According to CNBC, German airline Lufthansa on Tuesday posted a decline in second-quarter earnings, hurt by price competition on short-haul routes in Germany and Austria as well as rising fuel costs. The company said in a statement that adjusted earnings before interest and tax (EBIT) fell to 754 million euros ($839.73 million), compared to 1...
ECB holds the rates unchanged

ECB holds the rates unchanged

The council of governors discussions on interest rates did not bring unexpected conclusions. The interest rate on the main refinancing operations remains unchanged at zero and other interest rates on overnight refinancing and overnight sterilization operations will also remain unchanged. In past days, the likelihood of a rate cut has increased, which in recent days...
USD/TRY reacts after rate cut

USD/TRY reacts after rate cut

According to Zerohedge, when Turkish president Erdogan sacked the now former Turkish central bank head Ceitnkaya two weeks ago because the latter refused to ease monetary policy despite the country's surging inflation and tumbling currency, it was no longer a question if the central bank would cut rates but by how much. We got the...
Netflix falls more than 11 percent after "Earnings" report

Netflix falls more than 11 percent after "Earnings" report

According to Reuters Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price. Shares in the company fell 11% in early trade, as investors...