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Economic Updates

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The kiwi shooting star

By Luis Sebastian The Kiwi unemployment rate dropped to 4.9% from 5.3% in the quarter ending December 2020, Statistics New Zealand announced yesterday; it is worth noting some Economists had projected a rise to 5.6%. The Kiwi dollar (NZD) soared after the rate fell unexpectedly in the fourth quarter as the country boomed after a lengthy recessio...

February 4, 2021
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See-sawing equity markets, US Dollar strength and stimulus hopes

Equity markets Global markets see-sawed from record highs to steep declines in an eventful month that saw a new US administration sworn in, promises of record US stimulus and the FOMC spoiling the party somewhat. Global equities Major Indices in the US and Europe saw record highs this month on hopes of fresh stimulus from the US and signs of glo...

January 29, 2021
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The pandemic year: investors navigating the new normal

2020 has brought a rapid and unpredicted change. The new decade started with talks about climate change, the shifting trading landscape and trade frictions, Brexit, and the rise of political populism but the dynamics quickly changed to an unparalleled and unprecedented health crisis that rattled the markets throughout the whole year. As we head...

December 22, 2020
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CSL stops phase 2/3 COVID-19 vaccine trials: Australian Govt cancels order

CSL, a leading global biotech company headquartered in Melbourne announced its update on its COVID-19 vaccine developed in collaboration with the University of Queensland. The Company revealed while the Phase 1 trial “elicits a robust response” towards the virus and “has a strong safety profile”, the molecular clamp antibodies did cause ...

December 11, 2020
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Consumer confidence at 10-year high

The Westpac-Melbourne Institute Index of Consumer Sentiment is lifted by 4.1% to 112 in December, reaching the highest level since 2010. The consumer confidence index hits a 10-year high indicating that sentiment has fully improved from the COVID recession. The highlights of the index are mainly centralized around the speed of the recovery see...

December 9, 2020
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Stock in News – Tesla and Amazon

Tesla Inc Tesla Inc, the electric car maker is set to join the S&P500 on December 21. The Company’s share price rallied following the announcement, highlighting the dominance of mega-cap growth stocks on the S&P500 benchmark. The Company also received a trading upgrade to a buy-equivalent citing “the company on the verge of a profound...

November 20, 2020
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Vaccine News Boosts Pharmaceuticals

2020 will go down in history as the year of the pandemic. With the ''second wave'' of COVID-19 sweeping the planet and more national lockdowns announced around the globe, there is not much to look forward to now. However, there is a glimpse of hope that we may be able to return to some normality soon. That hope? A vaccine. Pharmaceutical compan...

November 17, 2020
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15 Asia-Pacific Countries Sign World’s Largest Free Trade Agreement at a Crucial Time

Regional Comprehensive Economic Partnership (“RCEP”) The RCEP agreement is a modern and comprehensive regional free trade agreement covering trade in goods, trade in services, investment, economic and technical cooperation, and new rules for electronic commerce, intellectual property, government procurement, competition, and small and medium-...

November 17, 2020
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NIO Making Waves

The sales of electric cars exceeded the two million mark for the first time in 2019. By far the biggest electric automaker by market cap is Elon Musk's Tesla. Its current market cap stands at $394.26 billion at the time of writing this, putting the electric automaker at the top of all automakers in the world. However, there is another electric c...

November 12, 2020
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October: US Stimulus Noises and National Lockdowns

Another Volatile Month for Markets The financial markets were rattled by another wild month driven by geopolitics and COVID-19 updates. As the month comes to an end, the rapid resurgence of the coronavirus cases across the US, European countries, India and Russia have forced some leaders to reimpose national lockdowns. Global Equities The back-an...

October 30, 2020
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US Election 2020: Eyes on the US Senate

The Political Event of the Year 2020 The most-awaited political event of the year 2020 is just around the corner: the US Presidential elections will take place next Tuesday on the 3rd of November. The US politics have the potential to affect the global economy, alliances and trade agreements which makes it a Global Event. In a pandemic-induced ...

October 30, 2020
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Earnings to Watch This Week: Amazon, Microsoft, Apple, Facebook and Alphabet

Investors are gearing up for one of the busiest weeks of the third-quarter earnings season. The immediate focus will be on the tech leaders: Amazon, Apple, Facebook and Alphabet as those companies were among the main drivers of the rebound in the US stock market after March lows. The world has gone remote- people were suddenly forced to work, s...

October 27, 2020
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PayPal Taps into Crypto

Buy, Hold and Sell Cryptocurrency  PayPal officially confirmed its entrance in the cryptocurrency market on Wednesday. The leading online payments company announced the launch of a new service enabling its customers to buy, hold, and sell digital currency on its site and applications. The message of the CEO was clear that the Company is keen in...

October 22, 2020
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US Corporate Earnings to Watch this Week

Aside from politics and virus concerns, attention will be on the US corporate earnings season. After major US banks reported their third-quarter earnings results, investors will eye Netflix reports among many others. Monday International Business Machines (IBM): The company will host a conference call to review third-quarter 2020 financial resul...

October 19, 2020
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Coming Up This Week: US Big Banks on the Radar

The third-quarter earnings season will kickstart with major US banks. In an ultra-low interest rates environment, the financial industry struggled faced by a series of pressures triggered by the ongoing pandemic crisis. Over the months, banks had made significant provisions for credit losses and saw major declines in asset management revenues. I...

October 12, 2020
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