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Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Energy Performance Is Dismal, but the Story Is in Its Prospects Despite the Dow making new highs, sentiment in the energy patch is as ugly as we can remember it, and there has been no shortage of news […]
[Reuters] Shares grind towards record high as China trims key rate [CNBC] Mood in Beijing about trade deal is pessimistic, government source tells CNBC [CNBC] The United States’ dubious privilege of being a key currency country [Yahoo/Bloomberg] China Central Bank Warns on Growth Pressure, Inflation Views [Reuters] Harbin Bank shares rise after state takes control […]
[Reuters] China, U.S. had ‘constructive’ phone call on trade: Xinhua [MarketWatch] U.S. stock market at record but farm bankruptcies at highest since 2011 [CNBC] Saudi Aramco’s IPO is set to value the oil giant at up to $1.7 trillion [Reuters] Hong Kong campus protesters fire arrows as anti-government unrest spreads [Reuters] Lebanon mired deeper in […]
[Reuters] China central bank to maintain prudent policy to prevent inflation from spreading [Reuters] China’s PLA soldiers help clean up Hong Kong streets as protesters leave campuses [Reuters] Protesters retake part of bridge in central Baghdad [Bloomberg] China Central Bank Warns on Growth Pressure, Inflation Views [Bloomberg] Lebanon Bond Sell-Off Eclipses Argentina as Unrest Flares […]
We shouldn’t read too much into one month. With a holiday week, October is typically a sluggish period for lending in China. But at $88 billion, the growth in Aggregate Financing was about a third below estimates. It was also the weakest month in years – running about a third of September’s level and 16% […]
[Reuters] U.S.-China trade hopes revive stocks, protests leave scars [Reuters] U.S. retail sales rebound, but big-ticket purchases drop [Reuters] U.S., China trade talks to continue Friday: U.S. commerce chief [Reuters] China central bank injects 200 billion yuan to boost liquidity, keeps rate unchanged [Reuters] China’s Oct home prices rise 0.5% from previous month [Reuters] Fewer […]
This week we review the price movements of gold, silver, platinum, palladium, and the US Dollar index as well as diving into the gold to silver ratio. [thrive_leads id=’26614′]
[Reuters] World stocks sink as China slowdown deepens, German economy weak [Reuters] Oil rises after OPEC’s Barkindo says U.S. shale growth may slow in 2020 [Reuters] U.S. producer prices increase by the most in six months [CNBC] China’s Commerce Ministry says trade war should be ended by removing tariffs [AP] China presses Washington for tariff […]
