Recovery in the EU stalled in the second quarter due to weak inflation and effects of the Ukrainian crisis
The euro recovery slowed down in the second quarter in the three most prominent euro zone economies; inflation at its slowest pace since 2009. Recovery stalled in the second quarter for the leading EU economies, More...
Cisco to axe 6,000 more jobs while keeping forecasts for the current quarter results modest
Cisco Systems Inc. plans to cut another 6,000 jobs, as it grapples to keep up growth; the company CEO calls for tougher decisions. As Cisco Systems Inc. (CSCO), network equipment manufacturer, forecast modest results More...
Crude oil continues its downtrend in Asian trade on a bearish EIA crude inventories report
Oil futures continued trading lower; prices were suppressed by increasing crude oil inventories and easing geopolitical tensions. Crude oil futures continued their slide in Asia today on an uptick in US crude oil More...
China’s economy softened further in July
China’s economy continued softening in July despite steady government stimulus measures; more accommodative policy needed for the economy to return to its full potential. China’s economy softened further More...
Dovish BoE report puts the fragile correction of the pound to an end
The inflation report released on Wednesday showed central bankers expectations of subdued wage growth in the coming months; inflation forecasts were also slightly lowered. The release of the Bank of England inflation More...
India’s gold imports dropping, government restricting shipments to support the rupee
India’s gold imports will probably decrease for the third year in a row, with the government striving to support the local currency by restricting shipments of the precious commodity. India’s gold imports are More...
Downside potential seen for the S&P 500
The US benchmark S&P is entering a sell zone as further downside for global equities is expected. In this material we will stop short of listing and explaining the fundamental factors behind the possibility More...
US expresses support for Haider al-Abadi, Iraq PM designate, Iran joins approval
The US and Iran were quick to endorse Haider al-Abadi’s designation as PM; the US Secretary of State John Kerry promised military and economic support once a new Iraqi government is formed. Iraq’s new leader More...
Crude oil futures slide despite the tense geopolitical situation
The bears are in full control of the crude oil futures market in spite of renewed worries of Russian military intervention in Ukraine and the intensified armed conflict in Iraq. Tuesday brought further losses for More...
Israel – Gaza Islamists talks stalled, but the ceasefire is still on
Talks between Israel and Gaza Islamists are in a stalemate; UN’s appointment of a commission into human rights violation and war crimes in the strip applauded by Hamas, but condemned by Israel as biased. Israel More...
