Macroeconomic news

The new COVID-19 cases in the United States tanked to the lowest in over a year as more and more Americans continued to be vaccinated. Over the Memorial Day weekend, the number of travellers at the countrywide airports also jumped to a record high since the start of the Coronavirus…

In its report on Friday, AlixPartners (consulting firm) said the global automotive industry is expected to take a $110 billion (£78 billion) hit to revenue this year due to the ongoing semiconductor chip shortage. Previously in January, the New York-based firm had forecast a much narrower $60.6 billion hit to…

US stocks fell Thursday afternoon after a Bloomberg report said the Biden administration is considering doubling the capital gains tax rate. While this law may take months to make its way through the legal system, some experts are speculating that the tax may be retroactive. Tax would apply to…

US President Joe Biden and senior officials like Treasury Secretary Janet Yellen are making it clear they want US corporations to pay higher taxes. The logic behind taxing American companies 28% instead of 21% is “the mother of all really bad ideas,” according to Kevin O’Leary. O’Leary: Tax cuts work…

NIO Inc. (NYSE: NIO) said on Thursday that its deliveries posted another significant increase in the first quarter of 2021. NIO shares were reported more than 6% up in premarket trading on Thursday. Including the price action, the stock is now exchanging hands at £30 per share. In comparison, it…

Just days into 2021, chief financial officers at hundreds of U.S. companies are bullish on the macro environment and expect their businesses to recover in the coming years, The Wall Street Journal reported. CFO survey Duke University’s Fuqua School of Business in conjunction with the Federal Reserve Banks of…

The Dow Jones Industrial Average lost nearly 300 points on Monday but despite the 0.9% decline the index recorded its best monthly gain since January 1987. But is the macro environment supportive enough to warrant further gains? Economist El-Erian: watch the Fed Mohamed El-Erian is a chief economic advisor at…

2020 has been a year that the investment community won’t forget in a hurry. The coronavirus pandemic led to the beginning of the 2020 stock market crash (or ‘Coronavirus Crash’) on February 20th, 2020, where the world witnessed the fastest fall in global stock markets in financial history. During this…

Bitcoin is going through high levels of volatility as the US presidential election takes place. While it remains whether the Democratic or Republican party will win, historical data shows that the flagship cryptocurrency may resume its uptrend after Americans are done casting their ballots.  Bitcoin is resilient ahead of…

The two key traits investors look for to conclude the macro environment is stable include growth and stability, Cornerstone Macro Chief Investment Strategist Michael Kantrowitz said Tuesday morning on Fox Business. ‘Very little visibility’ The unfortunate reality is surging COVID-19 infection rates across the globe are rising, U.S. stimulus…

Expectations for a ‘V-shaped’ recovery may now be off the table after U.S. GDP collapsed by 32.9% in the second quarter, according to several analysts and experts. Loss of momentum The U.S. and global economy came to a screeching halt in March as the COVID-19 pandemic spread worldwide and…

US non-farm payrolls data for March are due Friday and investors will be watching them closely to figure out if the numbers indicate any change to their view of the path of US interest rates in 2018.

March PMI data are due this week and the markets will keep a close watch on them to help them make the right investment decisions for their portfolios.

The German Dax touched a record high Monday following a strong industrial production news release from the Federal Statistics office. Output rose 2.6% on the month, the highest since July 2011.

The German Dax touched a record high Monday following a strong industrial production news release from the Federal Statistics office. Output rose 2.6% on the month, the highest since July 2011.

Activity in the UK's construction shrank in September for the first time in over a year, according to the latest construction PMI survey. The surprise decline weighed on the British pound which lost further ground against the Us dollar.

German Gfk consumer confidence index edged lower for October on concerns over the future of personal fiances, despite confidence over the economy. European stocks were positive, led by banks and autos.

British pound is little changed following the strong retail sales data from the CBI Wednesday. The data confirm BOE suspicions that UK consumption is holding up, adding evidence to the view rates will rise soon.

British pound recovers ground Monday after losing half a cent following Theresa May's EU speech and a Moody's credit downgrade Friday.

British pound recovers ground Monday after losing half a cent following Theresa May's EU speech and a Moody's credit downgrade Friday.

The euro gained ground on upbeat preliminary PMI data Friday. Data bodes well for continuation of euro zone economic recovery.

The latest OECD economic outlook growth forecasts point to stronger global growth, but more work is required to make it sustainable.