If the global economy is weakening, why have global markets rallied so forcefully this year?
— Read on www.marketwatch.com/story/just-77-companies-are-powering-the-global-stock-market-rally-2019-07-03
Category: Blog
Loonie Soars as the Canadian Economy Firms While U.S. Wobbles – Bloomberg
The Canadian dollar is on pace for its highest close in eight months as trade data add to evidence the $1.7 trillion economy is firming, just as the U.S. wobbles.
— Read on www.bloomberg.com/news/articles/2019-07-03/loonie-soars-as-the-canadian-economy-firms-while-u-s-wobbles
Kellogg is sitting on a ‘fake meat’ gold mine bigger than Beyond Meat – MarketWatch
Brett Arends says Kellogg should take its MorningStar Farms brand public.
— Read on www.marketwatch.com/story/kellogg-is-sitting-on-a-fake-meat-gold-mine-bigger-than-beyond-meat-2019-07-02
Lagarde to succeed Draghi as ECB chief amid weakening economy – BNN Bloomberg
Lagarde to succeed Draghi as ECB chief amid weakening economy – BNN Bloomberg
— Read on www.bnnbloomberg.ca/lagarde-to-succeed-draghi-as-ecb-chief-amid-weakening-economy-1.1281607
‘Dr. Doom’ economist Nouriel Roubini sees trade war tipping global economy into recession
The rivalry between the U.S. and China could be so disruptive that it’s starting to decouple the global economy and eventually causing a recession, according to Nouriel Roubini.
— Read on www.cnbc.com/2019/07/02/dr-doom-economist-nouriel-roubini-sees-trade-war-tipping-global-economy-into-recession.html
Infographic: The Countries That Own the Most U.S. Debt
More than $6 trillion of U.S. debt is owned by foreign governments such as China or Japan. See how it all breaks down, and what it means.
— Read on www.visualcapitalist.com/foreign-countries-holding-most-u-s-debt/
Markets Right Now: S&P 500 hits record on trade optimism
NEW YORK — The latest on developments in financial markets (all times local):
— Read on ca.finance.yahoo.com/news/markets-now-p-500-hits-202219197.html
Markets Right Now: S&P 500 hits record on trade optimism
NEW YORK — The latest on developments in financial markets (all times local):
— Read on ca.finance.yahoo.com/news/markets-now-p-500-hits-202219197.html
Australia’s central bank cuts key interest rate 0.25% to 1%
Australia’s central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a record low of 1% in a bid to boost the economy. Previously the Reserve Bank of Australia had not shifted the rate in almost three years. “This easing of monetary policy will support
— Read on ca.finance.yahoo.com/news/australian-central-bank-cuts-key-043549258.html
Italy Cuts 2019 Deficit Goal to 2% in Bid to Avoid EU Procedure
(Bloomberg) — Italy’s populist government lowered its 2019 budget deficit in a bid to comply with European Union rules and avoid sanctions for failing to rein in debt.The deficit is now expected to be 2.04% of economic output, according to a person familiar with the issue who asked not to be identified
— Read on ca.finance.yahoo.com/news/italy-cuts-2019-deficit-goal-055254991.html