What’s going on? The European Central Bank promised to keep eurozone bond yields from rising. What does that mean? Like the US, the eurozone’s pumped lots of money into the economy to keep things stable throughout the pandemic. Now that a recovery’s near, investors are worried that those money would lead to inflation, forcing the…
Tag: us
Ep 137: Walmart’s worse-than-expected earnings
What’s going on? Walmart reported worse-than-expected earnings, driving its shares to fall by their biggest one-day drop in almost a year. What does that mean? With groceries, cleaning products, and plenty of other lockdown essentials, Walmart’s been a one-stop shop for Americans throughout the pandemic; especially when fresh government checks encouraged shoppers to buy last quarter….
Ep 133: Shell’s worse-than-expected Q4 performance
What’s going on? Shell’s Q4 earning missed analysts’ expectations with an 87% drop in profit But its dividend is upped. What does that mean? 2020 was hard for oil companies, with ongoing travel restrictions. Shell’s feeling surprisingly optimistic about the scenario of economic recovery by the 2nd half of 2021 with the vaccine. Shell reckons…
Journal Report 26: Vietnam’s being labeled a currency manipulator
What’s going on here? On December 16, the Treasury issued the Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. Accordingly, Vietnam was identified as a currency manipulator. “Forced” criteria Criteria include: A trade surplus with the US is over 20 billion USD within 12 months. The current account…
Ep 131: EU and China coming to an agreement on investment
What’s going on? The EU and China are close to reaching a business investment deal as Brussels (Belgium) seeks to flatten the playing field for European companies operating in the Chinese market. For EU The talks are seen as a core part of EU’s strategy for managing increasingly tense trade relations with China. The pact…
Ep 127: The US Economic aid package
What’s going on? Despite taking more than half a year and deteriorating of some many economic indicators, the US government finally put together a $900 billion coronavirus economic aid package. What does this mean? It’ll become the second-biggest economic rescue measure in the US’s history – second only to the $2 trillion aid package passed…
Ep 126: No more IPO
What’s going on? US regulators approved a ruling that will allow companies to raise money by listing directly on the NYSE. In a direct listing, a company floats its shares on an exchange without hiring IBs to underwrite the transaction as an IPO. In addition to saving on fees, companies that follow the direct listing…
Ep 124: Vaccines elevates investments in ETFs
What’s going on? Investments in ETFs in Europe reached their highest levels since December 2019. An exchange traded fund (ETF) is a basket of securities that trade on an exchange, just like a stock. What does this mean? Investors have been celebrating the potential coronavirus vaccines by loading up on stocks: ETFs in Europe: raked…
Ep 122: US home sales soar
What’s going on? US existing home sales hit a 14-year high in October. What does this mean? Demand Quantity: Sales of previously-owned US homes climbed by 4.3% YoY, bringing the annualized number of home sales to almost 7 million, which might have been even higher if the home supply weren’t at record lows Prices: are therefore…
Ep 121: Global Oil Demand Forecast Cut
What’s going on? The International Energy Agency (IEA) cut its forecast for global oil demand, despite the recently announced vaccine. What does this mean? Oil’s price has been rising since Pfizer and BioNTech reported the success of their coronavirus vaccine trial, renewing hopes for an uptick in demand. But the IEA doesn’t expect demand to rise significantly till late…
with HT 