Global Economics & Investing

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

The Australian dollar is going ballistic

The Australian dollar has gone ballistic in Asia, soaring to the highest level in over two years on the back of renewed US dollar weakness partly driven by political events in America and optimistic overtones in the minutes of the RBA’s July monetary policy meeting.<p>Just look at the AUD/USD 5-Minute …

Australian Dollar

German indicator of business optimism dips slightly

FRANKFURT, Germany (AP) — A survey of investment analysts shows optimism about the German economy fell slightly in July.<p>The ZEW research institute's indicator fell 1.1 points to 17.5 points, remaining below the survey's long-term average of 23.8 points.<p>ZEW head Achim Wambach said the results didn't …

Markets

Beijing home prices fall for the first time in over 2 years

Chinese new home prices continued to increase in June, led once again by the nation’s smallest cities.<p>According to Reuters, citing data from China’s National Bureau of Statistics (NBS), prices across the country rose by 0.7% over the month, the same pace reported in both April and May.<p>Of the major …

China

Why $5 Billion Of Student Loans May Be Wiped Out

Could at least $5 billion of student loans be erased?<p>As reported by the <i>New York Times</i>, about $5 billion of student loan debt owned by the National Collegiate Student Loan Trusts – one of the nation’s largest owners of student loans – could be erased by judges due to alleged improper documentation …

Mortgages

US homebuilder sentiment declines in July

U.S. homebuilders are feeling less optimistic about their sales prospects, although their overall outlook remains positive.<p>The National Association of Home Builders/Wells Fargo builder sentiment index, released Tuesday, declined to 64 this month. That's down two points from a downwardly revised …

Markets

Devaluation Risk Another Hazard for Battered Pakistan Market - Bloomberg

Signs that Pakistan, home to one of the world’s top five stock markets last year, is headed for a currency devaluation is giving investors another …

Pakistan

China and the U.S. are both going for trade’s nuclear option

As the Trump administration and their Chinese counterparts meet this week to hammer out agreements on trade, they are likely to use the same rationale — national security — to argue for very different goals.<p>As U.S. and Chinese diplomats near the end of 100 days of talks aimed at boosting …

China

Brazil mulls gasoline tax hike on Thursday: sources

BRASILIA (Reuters) - Brazil is considering higher taxes on gasoline to help meet this year's budget target during a slow economic recovery, two sources told Reuters on Wednesday.<p>Finance Ministry officials were calculating the impact of the potential measure before an official announcement on …

Brazil

EU officials seek sense of urgency as Brexit bargaining begins

BRUSSELS (Reuters) - EU officials hope the British government shows more urgency about a Brexit deal when its negotiators come to Brussels on Monday …

Brexit

UAE economic growth now on steady footing, says IMF

Economic activity in the UAE is expected to strengthen gradually in the next few years, following weaker performance in 2016, the International …

Oil

Markets Live: Aussie on a rampage

Good morning and welcome to the Markets Live blog for Monday.<p><i>Your editor today is Jens Meyer - please send any comments or feedback on how we can</i> …

Markets

Britain says to link business rates tax to consumer prices from 2020 | Reuters

LONDON (Reuters) - Britain's finance ministry will help companies by indexing the business rates tax against consumer prices rather than faster-rising retail prices starting in 2020, a spokesman said on Saturday.<p>Business rates are taxes to help pay for local services, such as police and …

Brexit

The UK's economic outlook brightens on buoyed hopes of softer Brexit

A squeeze on consumer spending from rising inflation and underwhelming earnings growth is expected to hit UK growth this year and next, but Britain’s …

Brexit

Ireland to slightly increase budget space for 2018 - Varadkar | Reuters

DUBLIN (Reuters) - Ireland will be able to modestly increase the 300 million euros (262.56 million pounds) currently available to cut tax and increase spending in 2018 when the government introduces its budget in October, Prime Minister Leo Varadkar was quoted as saying on Sunday.<p>Ireland has …

Leo Varadkar

Global Economy Week Ahead: Central Bank News Out Front

Central bank news will be front and center this week, with the Bank of Japan and European Central Bank holding their respective monetary policy meetings. On the economic data front, the U.K. statistics office will publish its consumer price data for June, while the U.S. Commerce Department will …

Bank of Japan

Singapore June year on year exports growth beats expectation on firm electronics

SINGAPORE (Reuters) - Singapore's non-oil domestic exports grew faster-than-expected in June from a year earlier, thanks to continued growth in …

Markets

China's economic growth holds steady despite slowdown fears

BEIJING (AP) — China's economic growth held steady in the latest quarter, boosted by unexpectedly strong trade and consumer spending, despite fears tighter lending controls aimed at cooling a surge in debt are weighing on commercial activity.<p>Output rose 6.9 percent in the three months ending in …

China

Oil prices ease on signs of steady output from some producers

NEW YORK (Reuters) - Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC-led effort to drain a glut was proving effective but output increases in some top producers eased, keeping losses in check.<p>Libya's national oil production stood at …

Oil

U.S. retail sales fall for second straight month

U.S. retail sales unexpectedly fell in June for a second straight month, which could temper expectations of strong acceleration in economic growth in the second quarter.<p>The Commerce Department said on Friday retail sales fell 0.2 percent last month, weighed down by declines in receipts at service …

Markets

Globalisation: the rise and fall of an idea that swept the world

It’s not just a populist backlash – many economists who once swore by free trade have changed their minds, too. How had they got it so wrong? By Nikil Saval<p>The annual January gathering of the World Economic Forum in Davos is usually a placid affair: a place for well-heeled participants to exchange …

Economics

Russian central banker: Higher US interest rates are good, but global oil prices are a mystery

The head of Russia's central bank applauded the Federal Reserve's moves to normalize monetary policy and called on other central banks to follow suit.<p>…

Oil

BoC to hike in October as it charts course of gradual tightening: Poll

OTTAWA/BENGALURU -- The Bank of Canada will follow up its first interest rate hike in seven years with another increase in October as it charts a …

Bank of Canada

Using the loonie's strength to diversify into global markets

Andy Nasr, vice-president and investment strategist, Sentry Investments joins BNN to discuss how investors should use the strength of the Canadian …

Business (Canada)

South Korea says unclear if FTA is cause of trade imbalance

SEOUL, South Korea (AP) — A South Korean Foreign Ministry spokesman has responded to a U.S. request for talks on the two countries' free-trade agreement by saying it's unclear if the pact is causing a growing imbalance.<p>The spokesman told reporters Thursday the two countries should consider revising …

South Korea

Global IT Spending Growth Outlook Increases, As Dollar Falls

Global spending on information technology in 2017 is now expected to rise 2.4% above last year to $3.48 trillion, up from a previous forecast of 1.4% growth, according to research and advisory firm Gartner Inc. . The increased outlook is a result of the U.S. dollar's decline against many foreign …

Markets

Poverty in Italy at worst for over a decade in blow for ruling party

ROME (Reuters) - The number of people living in poverty in Italy climbed to its highest level for more than a decade in 2016 despite a modest economic recovery, data showed on Thursday, in a report that could hurt the ruling Democratic Party (PD).<p>Those living in "absolute poverty" rose to 4.74 …

Italy

IMF warns Canada on housing, trade; urges caution on rate hikes

The International Monetary Fund said on Thursday that while Canada’s economy has regained momentum, housing imbalances have increased and uncertainty surrounding trade negotiations with the United States could hurt the recovery.<p>The report, written before the central bank raised interest rates by a …

Bank of Canada

This Is China’s Real Economic Problem - Bloomberg

China bulls could be forgiven for some self-­congratulatory back-patting these days. The country’s gross domestic product expanded 6.9 percent in the …

Economics

Fed Chair Says the Economy No Longer Needs the 'Extraordinary Support' From Central Bank

Economists foresee at least one more interest rate hike this year.<p>Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year.<p>In her semiannual …

Central Banks