According to Reuters, Wall Street’s three main indexes are down at least 1.5% since last Friday, on track to rack up their third consecutive week of losses, as investors worried about the risk of recession and U.S.-China trade tensions. China’s state planner said overnight that it would roll out a plan to boost disposable income
Read news to succeed in trading. Create an account now and trade with Welcome Bonus.
According to Bloomberg, The surprise outcome in Argentina’s primary vote roiled the nation’s financial markets, sending the S&P Merval Index plunging 48% in dollar terms. Source: Bloomberg Suddenly, fears of a full-blown financial crisis in Argentina have once again come rushing to the fore In the wake of President Mauricio Macri’s stunning rout in primary
As late as last December, Goldman was expecting four rate hikes in 2019. Then, as recently as mid-June, the “smartest men in the Goldman room”, did not expect the Fed to cut rates at all in July and September. Of course, all that changed when it became clear that “Powell has thrown in the towel”, and will