Friday, October 27, 2017
Greece’s non-performing loans: A major hurdle to economic revival
As US President Donald Trump reaffirmed his commitment to Greece’s economic revival during Greek Prime Minister Alexis Tsipras’ official visit to Washington, the country’s banking sector continues to struggle with the longstanding issue of excessive non-performing loans (NPLs).
Monday, October 16, 2017
Global Equity Markets in Review
§ Wall Street extended its uptrend, as investor optimism remained intact due to the continued flow of healthy economic data.
§ European stocks managed to edge higher despite muted trading activity as the Catalonia crisis continued to weigh on investor sentiment.
§ Government reforms, optimism over the earnings season and healthy economic data lift Asian markets.
Sunday, September 03, 2017
The persistent rise in the price of bitcoin has pushed the pioneer of digital currency to a new lifetime high. The crypto-currency has surged past US$4,000 for the first time since its inception in 2009. According to the CoinDesk Bitcoin Price Index, the average value of bitcoin across global exchanges reached a peak of US$4,225 early Sunday, before hovering around US$4,000. The world’s most traded digital tender has quadrupled in 2017 thus far, gaining ~40% in the first two weeks of August.
Tuesday, August 15, 2017
Greece, a south-eastern European island nation, is one of the world's most popular holiday destinations. The country boasts of clusters of scenic islands throughout the Aegean, Mediterranean and Ionian seas. Mesmerising ancient sites, picturesque beaches and traditional sugar-cube towns makes the country a tourist paradise.
Wednesday, July 12, 2017
Stock markets across geographies recorded gains in the first week of financial year 2018 amid strong service sector reports from US, UK, Japan, China and Australia.
Retail sector stocks influenced US indices, as most of the companies in the sector reported weak sales data.
Wednesday, May 17, 2017
In November 2016, OPEC members pledged to reduce their oil output by about 1.2 million barrels per day (bpd) for six months, starting January 2017. Subsequently, 11 non-OPEC oil producers, including Russia, teamed up with OPEC by agreeing to lower their output by 558,000 bpd.
The deal is in its fifth month, and OPEC members have showed better compliance compared with their efforts during the last such attempt in 2008–09. The latest survey by Reuters shows that OPEC’s oil production declined for a fourth consecutive month in April, as the world’s biggest oil exporter, Saudi Arabia, continued to maintain its oil production below the target level. However, higher-than-expected production by the UAE and Angola weighed on OPEC’s compliance, which slipped to 90% in April from a revised 92% in March.
Wednesday, May 10, 2017
Emmanuel Macron, independent centrist and former investment banker, who had never fought an election before, won convincingly over far-right nationalist Marine Le Pen in the French presidential race. This proved to be a historic election in various aspects as neither candidate belonged to the traditional French parties. The unparalleled campaign was marked by scandal and repeated surprises.
According to the French interior ministry, Emmanuel Macron was elected French president with an estimated 66% votes, while rival Marine Le Pen managed to grab just 34% votes. At the age of 39, Macron becomes the country’s youngest president. France’s 47 million voters chose their president from among radically different platforms: the free-trade, the pro-EU policies of Macron’s En Marche! (Let’s Go!) party and the protectionist nationalism of Le Pen’s National Front.
Monday, March 27, 2017
• US equity indices drop more than 1% last week, following President Trump’s failure to repeal Obamacare.
• Volatility in the US weighs on European stocks.
• Asian markets finish mixed as caution prevails ahead of the decision on US healthcare bill.
Monday, March 20, 2017
The US initiated the process to deploy an advanced missile defense system, known as Terminal High Altitude Area Defense (THAAD), in South Korea. The action followed North Korea’s test launch of four ballistic missiles into the Sea of Japan, which was perceived as a threat to US naval bases in Japan. In view of the rising security threat following the series of missile and nuclear tests by North Korea, the US and South Korea mutually agreed to fast-track the deployment of the THAAD system. THAAD is an advanced defense missile, designed to destroy short- and medium-range ballistic missiles at a high altitude.
Thursday, March 16, 2017
US equities finished the week (ended 10 March) modestly lower, snapping a six-week gaining streak. Trading activity remained subdued for large part of the week, as investors took a cautious stance ahead of February’s job report and Fed’s policy meet on 14−15 March.
Most European equities traded in a narrow range on account of muted market activity ahead of the US Fed meeting and European Central Bank (ECB) monetary policy meeting scheduled for Thursday. Moreover, uncertainty surrounding the next week’s parliamentary elections in Netherlands and upcoming elections in France added some downward pressure on equity indices.
Asian indices edged up after treading water for most part of the week, as domestic economic and political data provided much needed support. Although disappointing performance by developed market peers added some downward pressure on Asian equities, local cues pushed indices higher.