Bitcoin plunges as Congress expresses disdain in Facebook, US weighs in on Japan-SKorea dispute, and Von Der Leyen new EC Chief.
Daily Market Review – Wednesday, July 17, 2019
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Market Analysis & Reviews
TRADING THE CLOUD
Two firms publishing their quarterly earnings today have been badly flounced in the past by the competition; both have managed to come back fighting! Netflix shares have managed to recover their post-Disney blues, and Microsoft is riding the cloud to places that Apple & Google can only dream of. Find out more.
Daily Market Review – Tuesday, July 16, 2019
Alibaba to split stocks 8:1 ahead of HK IPO, US budget – $1tn deficit , Johnson & Hunt – no to backstop, and FB: no Libra without US approval.
Daily Market Review – Monday, July 15, 2019
J&J hit by asbestos-in-talc allegations, citi today, Amex, Goldman, Morgan & J&J tomorrow, also Bitcoin loses ground, & China stimulus seeing results.
TRADING THE DRAGON’S TRADE
Chinese PM Li Keqiang is a lawyer with a PhD in Economics. Will his policies prove to be a blessing or a bane?
Daily Market Review – Thursday, July 11, 2019
Powell adds to rate cut consensus, urges Facebook to quit Libra. Also, S.Korea asks US to help against japan. Hamond: France to harm post-Brexit UK exports.
Daily Market Review – Wednesday, July 10, 2019
API reports 8 million barrel withdrawal, UK Brexit Sec says no-deal consequences worse for Ireland, S. Korea/ Japan tensions rise, and Nasdaq up on FANGs.
SULLEN STERLING
This year’s 1st quarter was good to the Brits – GDP grew by 0.5%, which was better than the previous year’s 0.2%. Year-on-year, 2019 is up 1.8% versus 2018’s 1.4. And still, Deutsche Bank last week cut Britain’s growth outlook from 1.5% to 1.2. The largest threat to the UK well-being is housing and employment….
Daily Market Review – Tuesday, July 9, 2019
US Trade Commission accuses China & Mexico of unfair steel subsidies, Apple drags Nasdaq down, and Lam – Extradition bill is dead.
Daily Market Review – Monday, July 8, 2019
Shares up 5% as restructuring begins, also UK ambassador calls Trump dysfunctional, lawmakers demand FB quit Libra, & Boeing losing orders by the billions.