Financial news - page 7

The world's richest investors want stocks to drop before buying back in, UBS poll reveals UBS surveyed investors and business owners with more than $1 million in investable assets or annual revenue in 14 markets between April 1 and April 20. Investors and business owners are largely optimistic about

Q1 GDP Data Masking The True Global Economic Future? The total world GDP output was approximately $190 trillion. An estimated 15% to 20% global GDP contraction as a result of the Covid-19 virus event would shave $28.5 to $38.0 trillion right off the top of the 2020 global economic output. Should the

U.S. GDP Tumbles 4.8% In First Quarter U.S. economic activity saw a substantial contraction in the first quarter of 2020, according to a report released by the Commerce Department on Wednesday. The report said U.S. real gross domestic product decreased at an annual rate of 4.8 percent in the first

Dow futures point to a gain of 250 points ahead of Fed decision Stock futures rose in early morning trading on Wednesday as investors looked for guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight. Futures on the Dow Jones

Stock Markets in Asia Rise on Signs of Reopening Asian stocks rose moderately Wednesday on signs that the global economy is slowly getting back to its feet after being idled by the coronavirus outbreak. Japanese stocks inched lower, but the rest of the region was higher. Futures markets were

White House official warns of negative shocks before rebound later in 2020 Top Trump adminstration officials on Tuesday predicted a strong economic rebound in the fourth quarter as the coronavirus fades, but a senior White House adviser warned that near-term unemployment and GDP data will be a “very

Oil pares losses after falling more than 21% in early trading Oil moved lower on Tuesday amid intensifying fears about dwindling storage capacity worldwide, but prices bounced from the lowest levels of the day in mid-morning trading. West Texas Intermediate futures for June slipped 3.4% to trade at

German Economy to Contract 6.6%; Banks Receive Record Credit Demand The German economy is likely to contract by 6.6% in 2020 year-on-year, according to the economic institute Ifo. Euro zone banks recorded a surge in emergency credit demand from corporate clients in the first quarter and a further

European Shares Seen Opening Little Changed European stocks look set to open on a flat note Tuesday after strong gains the previous day on signs of progress in reopening economies. European markets rallied on Monday as more countries in the continent announced plans to relax lockdown restrictions

Asian Markets Mostly Lower As Crude Oil Prices Extend Losses Asian stock markets are mostly lower on Tuesday despite the positive cues overnight from Wall Street, as crude oil prices tumbled more than 15 percent and extended losses from Monday. Crude oil prices fell on Monday amid mounting fears

05.03.2013 View archive The Big Picture Monday was the mirror image of Friday; the dollar declined against most currencies, and the one it declined the most against was the one it had risen most against over the previous 24 hours, AUD. Other currencies that lost ground on Friday regained some of...