Daily Management Review
Economics

Fifth Interest Rate Cut in China Since November

In a bid to boost its slowing economy, the People's Bank of China has cut interest rates for the fifth time since November. While announcing that the rate cuts will become effective on 26 August and are aimed at reducing corporate borrowing costs, the Chinese central bank reduced the benchmark...

European Markets hit Hard Following China Market Rout

Spurred by worries about the slowing down of the Chinese economy at a rate that is higher than anticipated, European stocks plunged Monday, joining in a sell off in global equities.

There was a drop of 5.3% in Stoxx Europe 600 that closed at 342.01. This marked the cross European market benchmark’s biggest one-day percentage loss since December 2008, the period of the global economic recession. There were just a few elements that managed to move higher in the index like the Spanish renewable-energy Abengoa SA being among the top companies to make advances as it closed up 4.8%.

China Cue and World Market Fall Causes US Markets to Start in the Red with a Late Recovery

Rule 48 had to be invoked at the New York Stock Exchange after its futures markets opened to very intense selling on Monday. Rule 48 allows the NYSE to begin trading in stocks without providing indications.   These were a result of the worldwide crashing of the markets on Monday that send...

Gold Prices Are Climbing A Rising Curve On the Price Graph, Says Analysts

Analysts have predicted that the gold prices are likely to rise releasing the lowest gold exchange deposits at a good price. Leading industry analysts at a conference have said that in the next couple of months, people should not be surprised to see that prices of gold rise to levels above $1200 an...

U.S Oil Prices End At Two Percent Lower, The Lowest On Record After 2009

The falling oil prices in the U.S. trade market raise alarm among the traders. The data attributes this trend on the additional oil rigs that were introduced recently. Following the financial crisis of 2009, this has been the first time that the United States has witnessed the oil trade market...

US Crude Prices Touch $40 Mark, Weekly Losses Longest in 29 Years

For the first time in six years, the crude oil prices in the US fell below the $40 mark on Friday.  The weekly losing streak for crude oil in the US was also the longest in the last 29 years as analysts still predict a period of average prices for crude. The fall in prices in crude oil in...

Poor Chinese Output Report for August Shakes Up Global Markets

Proving speculations of a slowing economy behind the successive devaluation of the Chinese Currency last week, a private survey showed that China’s factory sector shrank at its fastest pace in more than six years in August as domestic and export demand dwindled. This data added worries for the...

93 Million Unemployed in the United States. So Trump Was Right?

Donald Trump made the following statement about the US economy in an interview with Time magazine: - In reality, the unemployment rate in our country is probably 21%, not 6%, 5.2% or 5.5%. I'm talking about the real level of unemployment: in fact, I recently saw a graph of our real unemployment,...

Technology Has Created More Jobs than Destroyed, says a Deloitte Study Report

A report published this week assures that humans need not worry about losing their jobs and livelihoods to advancement in technology. The report, studies and prepared by economists at Deloitte say that in the last 50 years, more jobs have been created than lost due to the development and advent of...

Stocks, Oil and Emerging Currencies hit by Growth Fears

Rising anxiety about the health of the global economy fueled by fading expectations for an imminent U.S. interest rate hike resulted in falls in stocks, oil and the emerging market currencies. Share values fell to a two-year low in the Asian market while German markets saw a fall in share prices...
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