Key News Overnight: U.S. President Donald Trump was swift to condemn the Federal Reserve – after it cut interest rates by 0.25%, for the second time this year. Trump tweeted, “Jay Powell and the Fed Fail Again. No guts, no sense, no vision! A terrible communicator!”. In his remarks at a press conference today, FedRead more
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Key News Overnight: Investors await the Fed’s latest decision on monetary policy, set to be released on Wednesday. The U.S. Central Bank is widely expected to cut rates by 25 basis points. The S&P/ASX 200 index reached a seven-week high thanks to surges in CSL Ltd and bank stocks, despite a risk-off sentiment dominating marketsRead more
Key News Overnight: The US dollar rose against a basket of currencies on Monday as U.S. President Donald Trump’s authorization of the use of an emergency crude stockpile in response to drone attacks on Saudi Arabian refining facilities cooled a surge in oil prices. European stocks closed lower Monday as investors digested an escalation ofRead more
Key News Overnight: Oil is in for a wild week. Brent surged 19% as Asian trading got underway, its biggest jump since 1991, after a drone strike on a key Saudi Aramco facility halved the kingdom’s output. The country said it would restore almost half of production quickly, and President Trump authorised the release ofRead more
Key News Overnight: Mario Draghi restarted QE but faced an unprecedented revolt to do so. The French, German and Dutch central bank governors opposed the ECB chief’s decision to resume bond purchases, people familiar said. It cast a shadow over his parting stimulus efforts before Christine Lagarde succeeds him. U.S. stocks gained on Mario Draghi’sRead more
Key News Overnight: U.S. President Donald Trump tweeted Wednesday increased tariffs on 250 billion dollars’ worth of Chinese goods were set to kick in on October 1 have now been delayed to October 15 “as a gesture of good will.” European stocks traded higher on Wednesday afternoon as investors look ahead to key central bankRead more
Key News Overnight: U.S. Stocks ended the day little changed on Tuesday, weighed down by a continuing decline in tech shares while Ford was pressured by a downgrade to its credit rating. European stocks gained a little ground Tuesday with markets cautiously hopeful of a monetary stimulus package later this week. Oil futures fell onRead more
Key News Overnight: European stocks traded mixed Monday afternoon as investors monitor ongoing political chaos in the U.K. and cautious hopes for policy stimulus from the world’s major economies after a series of weak data releases. The euro fell to a five-day low against the dollar Monday as investors remained convinced the European Central BankRead more
Key News Overnight: U.S. President Donald Trump on Saturday said he cancelled peace talks with Afghanistan’s Taliban leaders after the insurgent group said it was behind an attack in Kabul that killed an American soldier and 11 other people. Britain’s Work and Pensions Secretary Amber Rudd resigned from the government and the ruling Conservative PartyRead more
Key News Overnight: U.S. stocks surged and Treasuries tumbled as positive data bolstered confidence in the American economy. Tech shares led gains after China and the U.S. agreed to trade talks next month, and the S&P 500 came within 2% of an all-time high. The dollar was mostly lower, with the pound leading G-10 gainsRead more