Movements prior to opening US stock futures were trading mixed in early pre-market trading, and large banks including JPMorgan Chase & Co. (NYSE: JPM ) and Citigroup Inc. (NYSE: NYSE: C ) were ready to post their earnings for the last quarter. Wall Street posted gains in the previous session led by tech stocks. The NFIB Small Business Optimism Index for September […]
Flora
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
The IMF points to a less severe global crisis, although the outlook worsens for emerging economies
The International Monetary Fund (IMF) issued “somewhat less bleak” projections for the global economy on Tuesday, as rich nations and China rallied faster than expected after coronavirus lockdowns. , although he cautioned that the outlook is getting worse for many emerging markets. IMF forecasts for 2020 pointed to a 4.4% contraction of the world economy, […]
Crude oil futures down 3%, production resumed in Libya and Norway
US time crude oil futures fell about 3%. The force majeure clause was lifted in Libya’s largest oil field, followed by the end of a strike in the Norwegian offshore oil field and the recovery of rice production that had been suspended in the hurricane “Delta.” The liquidation price is $ 41.72 a barrel, which is $ 1.13 (2.6%) lower […]
German ZEW Economic Expectation Index Drops to 56.1 in October More Uncertainty
The German European Economic Center (ZEW) released an economic expectations index of 56.1 in October, down from 77.4 last month and well below market expectations (73.0). .. The outlook for the German economy is becoming more uncertain due to the three uncertainties surrounding the new coronavirus, the UK’s withdrawal from the European Union (EU), and […]
US Caterpillar bets on autonomous driving technology against corona
According to Caterpillar’s in-house data obtained by Reuters, sales of autonomous driving technology for mining operations this year are up double digits year-on-year. On the other hand, sales of other construction machinery such as bulldozers and mining trucks have fallen in the last nine months, as well as other construction machinery giants such as Komatsu 6301.T and Deer. Fred […]
Fed calls for banks to prepare for a surge in corporate bankruptcies
The German Federal Bank (Central Bank) announced on the 13th that a company with a weak financial position went bankrupt due to the spread of the new corona virus, and the real estate boom is beginning to fade. Meanwhile, banks recognized that they needed to prepare for a surge in corporate bankruptcies. The Fed has […]
China, ASEAN, and US wary of South China Sea strategy: Foreign Minister Wang Yi
China’s Foreign Minister Wang Yi, who is visiting Malaysia, said on the 13th that China and the Association of Southeast Asian Nations (ASEAN) will be “alert” on US strategies that arouse tensions in the South China Sea and elsewhere. He acknowledged that it should be done. Foreign Minister Wang Yi said at a joint press […]
MANAGEMENT-Support measures saved banks from the worst-Allianz GI
Faced with structural difficulties even before the onslaught of the coronavirus, the banking sector has escaped the worst thanks to the spectacular measures deployed by central banks and governments to support credit, it is said at Allianz Global Investors. Confronted both with the tightening of their margins in a universe of low interest rates, with […]
Kick-off of the quarterly, while waiting for Apple’s “Hi, Speed”
That’s it, the start of the third quarter earnings season is in the United States . Financial stocks will be in the spotlight, as BlackRock , Citigroup and JPMorgan will reveal their earnings . In total, analysts expect a drop of 20.9% in earnings per share over the period, a decline halfway between that of the second quarter (-31.7%) and that expected for the last quarter of […]
The stock market stalls ahead of US banks and Apple, Airbus falls
The Paris Stock Exchange takes a breath, the announcement by Johnson & Johnson of a “pause” in its clinical trials on its candidate vaccine against Covid-10 after a patient contracted an unexpected disease putting a brake on the recent bullish streak. This setback is not the first of its kind (see AstraZeneca, which has its trials quickly) and should not […]
