Daily Management Review
Economics

Global Stocks Could Outperform The U.S. in 2020

Investors are leaning towards global market which might not be in the favour of the U.S. stock market in 2020. The stock market in the U.S. is enjoying a “record-breaking rally” while sending the “S&P 500 index” to nearly twenty percent high in the year. However, investors seem to be still in...

US To Concede On Tariffs Against China’s Pledge Of $50B Purchase Of US Farm Products

China has agreed to make a pledge to procure more of American farm products in 2020 and in exchange the United States under the Trump administration will roll back some tariffs on Chinese goods and scale down the rate if others, said reports quoting sources. Analysts view this as a positive step...

UK Election Over, Banks Plan To Push For New EU Access Plan

Following the resounding election victory of the Conservative Party, banks in the United Kingdom are now developing a set of fresh proposals about the manner in which they should be allowed to do business and access customers in the European Union after Brexit. It is likely that the banks, through...

IEA: OPEC+ will not save the market from excess oil

Despite the expansion of the OPEC + deal, the market will face an excess of supply of 700 thousand bpd in the first quarter of next year, the International Energy Agency (IEA) forecasts. At the same time, they expect a slower increase in production by countries outside the cartel (by 2.1 million...

US Fed ends softening period

According to the results of the December meeting, the US Federal Reserve System (Fed) left the key rate unchanged at 1.5-1.75% per annum. The regulator also signaled completion of a short period of easing its policy: since July this year, the rate has been reduced by a total of 0.75 percentage...

What The U.S.-Mexico-Canada Agreement, Replacing Nafta, Comprises Of

The new name for the now defunct Nafta deal is the US-Mexico-Canada Agreement (USMCA) which now could smooth the trade between the three North American companies, encourage businesses in these countries and send out positive signals to investors, according to experts.   The bill is now set...

Threatened US Tariffs Will Be Delayed, Expects China: Reports

Several reports quoting source information claimed Chinese officials are expecting that the tariffs on Chinese products as threatened by US President Donald Trump that is scheduled to be imposed from Sunday is likely to be postponed by Washington to give some additional time for the two countries...

Canada accuses Volkswagen of violating environmental law

The Canadian government has accused German carmaker Volkswagen of violating Canadian environmental law on 60 points. “On December 9, 2019, the Volkswagen Aktiengesellschaft was indicted on 60 counts for violating the Canadian Environmental Protection Act of 1999,” the statement on the Canadian...

Saudi Arabia takes on lion's share of new OPEC+ oil cuts

OPEC + countries agreed to reduce oil production by another 500 thousand barrels per day (bpd) from 2020. At the same time, OPEC leader Saudi Arabia announced its readiness to further reduce production by 400 thousand bpd in the first quarter of 2020, as a result of which the reduction will reach...

Developing Countries Wants Tariffs On Digital Import

According to reports quoting trade officials and documents, people could be forced to pay duties on software and movie downloads if, next week, India or South Africa makes good on threats which would end a 20-year global moratorium on imposing tariffs on digital trade.   Any tariffs on...
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