Global Economics & Investing

By Michael Hartley CFP® | A curated collection of articles about economics, investing, and personal finance. Www.dkeadvisorsolutions.com

Interest Rates

The risk of a financial crisis in Canada is growing

Canada needs an independent body with the power to respond to financial threats, but politics keeps getting in the way<p>Last fall, Bill Morneau did a …

Canada

Alarm Bells Start Ringing for U.K. Economy

Having long been considered one of the most stable democracies in the world, Britain will hold a new general election on June 8 -- barely two years after the last. However, with the Conservative Party on course for securing a comfortable majority, political uncertainty may not be the biggest risk …

Economics

French shares outperform as polls show narrow Macron lead

LONDON (AP) — France's main stock market outperformed its counterparts in Europe on Thursday as traders priced in a growing likelihood of a victory by centrist Emmanuel Macron in the upcoming presidential election.<p>KEEPING SCORE: Paris' CAC 40 was up 0.8 percent at 5,042, while Germany's DAX was …

Finance

South Africa could suffer further downgrades if political uncertainty stalls growth: S&P

JOHANNESBURG (Reuters) - South Africa's credit rating could get downgraded deeper into junk status if political uncertainty triggered by the recent …

Economics

World Bank ready to help Venezuela if asked: Latam chief

WASHINGTON (Reuters) - The World Bank Group stands ready to assist Venezuela, a member and shareholder of the institution, if the government asks for help in dealing with a punishing economic crisis, the bank's top executive for Latin America said.<p>Jorge Familiar, World Bank vice president for Latin …

Latin America

For a true view of Chinese economy, look from the sky: N.Y. Fed

NEW YORK (Reuters) - Measuring how bright China appears at night may help provide an accurate snapshot on the world's second economy, a New York Federal Reserve blog post showed on Wednesday.<p>Some on Wall Street have questioned the accuracy of Beijing's official gross domestic product reading, …

China

Dollar rebounds from three-week low; sterling retreats

NEW YORK (Reuters) - The dollar recovered on Wednesday, a day after hitting a three-week low against major currencies on lowered expectations for U.S. interest rate hikes and concerns about President Donald Trump's ability to deliver a promised fiscal boost.<p>The dollar index, which measures the …

Forex

Mexico attracts 3 billion pesos through tax repatriation plan

MEXICO CITY (Reuters) - Mexico has attracted nearly 3 billion pesos ($161.50 million) in investment into the country through a tax repatriation plan, a tax official said, as U.S. President Donald Trump has floated policies that could hit growth in Latin America's No. 2 economy.<p>In a bid to boost …

Taxes

IMF Lowers Saudi Arabia's Growth Forecast for 2018

Franklin Templeton Investments (ME) CIO MENA Bassel Khatoun discusses his outlook for the Saudi Arabian economy. He speaks on "Bloomberg Markets: …

Taliban

China relaxes some cross-border capital curbs as yuan steadies: sources

SHANGHAI (Reuters) - China's central bank has relaxed some of the curbs on cross-border capital outflows it put in place just months ago to shore up the yuan currency, banking sources said on Wednesday.<p>The first easing of the measures comes as China's leaders and financial markets feel more …

China
President Trump

Greece stocks lower at close of trade; Athens General-Composite down 1.18%

Investing.com – Greece stocks were lower after the close on Tuesday, as losses in the Household, Telecoms and Utilities sectors led shares lower.<p>At …

Stocks

Workers Made Germany Into the World's Best Economy

Let's hope U.S. policy makers have woken up to the fact that the country is in a period of sclerosis, where its economic institutions seem to be inefficient along a variety of fronts. When things aren’t working, one good idea is to look around and see which countries are doing better. Right now, …

Economics
Brexit

Why Your Passive Fund Is Crushing Active Managers

Passive and active fund managers have heatedly debated which investment approach works best as $1.2 trillion has poured out of active stock funds and …

Economics

China’s role in the next phase of globalization

The country could exert leadership in seeking to preserve globalization’s benefits while addressing its downsides.<p><b>Globalization has been</b> a powerful …

Economics

U.S. housing starts tumble, but building permits increase

WASHINGTON (Reuters) - U.S. homebuilding fell more than expected in March as the construction of single-family homes in the Midwest recorded its biggest decline in three years, but an increase in building permits suggested the housing market recovery remained intact.<p>Housing starts decreased 6.8 …

Housing

China's economy grows at its fastest pace since 2015

(Reuters) - China's economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years.<p>Growth of 6.9 percent was the fastest in six quarters, with forecast-beating …

China

Forex - Aussie ticks higher in thin holiday trade with China GDP ahead

Investing.com - The Aussie ticked slightly higher in early Asia on Monday with China GDP for the first quarter to set the tone and investors keep a …

Forex

Tokyo signals U-turn on TPP, moves to activate trade pact sans U.S.

In an apparent shift, Tokyo plans to push forward talks for activating the Trans-Pacific Partnership agreement without the United States, which …

Trade Agreements

Global Economy Week Ahead: IMF, World Bank and U.S. Housing Starts and Home Sales Data

The week ahead will feature a visit to Washington from the International Monetary Fund and the World Bank, as well as data on U.S. housing starts and existing home sales, China's first-quarter growth rate and U.K. retail sales.<p>MONDAY: On Monday at 10 a.m. (Sunday, 10 p.m. EDT) China will release …

Economics

This is one of the most devastating reports we've seen for the future of Wall Street stock pickers

Active managers are taking it on the chin lately, but they may have no one to blame but themselves.<p>While the underperformance of active managers against index funds and passive investing has been well documented over the past few years, the full extent of their failure to live up to benchmarks is …

Wall Street

Falling US retail sales cast doubt on further Fed interest rate rise

Indications that US economy has slowed in recent months will give policymakers plenty to debate as they decide when to next to raise rates<p>Falling retail sales and lower inflation in the US have added to signs that the world’s biggest economy has lost momentum in recent months, casting doubt over …

Budgeting

World Bank chief plays down prospect of €3bn Greek loan

The President of the World Bank has dampened the prospect of handing billions of euros to Greece to boost jobs and growth as he signalled that securing board approval would be difficult.<p>Greece approached the World Bank about contributing to a €3bn (£2.6bn) loan last month to finance policies to get …

Greece

China remains as world's largest goods exporter: WTO

BEIJING — China maintained its position as the World's largest goods exporter in 2016, a Ministry of Commerce statement said Thursday, citing data …

China

President Trump abandons the strong dollar policy

President Trump’s remarks last week about the dollar and US monetary policy offer more evidence that America’s strong dollar policy, launched in 1995 …

President Trump

Trump, trade, interest and aid make for a challenging IMF summit

With world tensions rising and globalisation in retreat, ministers and business leaders have much to discuss this week in Washington<p>Geopolitical tensions, uncertainty about the future of the EU and an increasingly unpredictable US president form the fraught backdrop to this year’s spring meetings …

Economics