Author: FX
Warning: IFS is at high risk of cutting its dividend Source link
Investing.com — The U.S. economy, although resilient, is facing several imbalances that are significant enough to trigger a mild recession in the near future. Analysts at BCA Research argue that while these imbalances may not lead to a deep recession, they are substantial enough to produce a downturn. One of the most glaring imbalances in the U.S. economy is found in the real estate sector, particularly commercial real estate (CRE). Office vacancy rates have reached record highs following the COVID-19 pandemic. Prime office spaces are being sold for fractions of their former value, and CRE prices are showing the worst…
UPCOMING EVENTS:Monday: New Zealand Services PMI.Tuesday: Eurozone ZEW, Canada CPI, US Retail Sales, US Industrial Production and Capacity Utilization, US NAHB Housing Market Index.Wednesday: UK CPI, US Housing Starts and Building Permits, BoC Summary of Deliberations, FOMC Policy Decision.Thursday: New Zealand Q2 GDP, Australia Labour Market report, BoE Policy Decision, US Jobless Claims.Friday: Japan CPI, PBoC LPR, BoJ Policy Decision, UK Retail Sales, Canada Retail Sales.TuesdayThe Canadian CPI Y/Y is expected at 2.1% vs. 2.5% prior, while the M/M measure is seen at 0.0% vs. 0.4% prior. As always, focus will be on the underlying inflation measures. The Trimmed Mean…
By Harold Isaac and Steven Aristil PORT-AU-PRINCE (Reuters) -A fuel truck explosion on a road in Haiti’s southern peninsula on Saturday killed 24 people and left half of the 40 injured survivors with third-degree burns, the government said. Haiti Prime Minister Garry Conille visited the site, near the coastal city of Miragoane in the department of Nippes, and said some of the most seriously injured victims were evacuated by helicopter to receive specialized care. Ambulances were also being sent as quickly as possible to attend to others with severe burns and to relieve overcrowded local hospitals. “It’s a horrible scene…
Ever feel like the foreign exchange market is a wild beast, its price movements as unpredictable as a hurricane? Fear not, intrepid trader! Technical analysis offers a set of tools to help you navigate the often choppy waters of forex. Today, we’ll delve into a powerful ally: the Trade Channel MT4 Indicator. Buckle up as we explore its inner workings, decipher its signals, and unlock its potential to enhance your trading strategies. Demystifying Trade Channels and the MT4 Platform Trade Channels are graphical representations on a price chart that depict potential zones of support and resistance. Imagine a highway with…
MADRID (Reuters) – Spain has asked Venezuela for information about reports on Saturday that two Spaniards, three US citizens and a Czech have been arrested on suspicion of links to an alleged plan to destabilize the South American country, a Spanish foreign ministry source said. Spanish media quoted Venezuelan Interior Minister Diosdado Cabello as saying the six were arrested on suspicion of planning to “generate violence” and “destabilize” Venezuela. “The Spanish embassy has sent a verbal note to the Venezuelan government asking for access to the detained citizens in order to verify their identities and their nationality and in order…
It was a busy week for mergers and acquisitions in the tech and finance industry, and commodities with big names such as Qualcomm (QCOM), UniCredit (OTCPK:UNCFF), Squarespace (SQSP), US Steel (X) grabbing headlines. In the technology space, Qualcomm (QCOM) has reportedly explored the possibility of acquiring portions of Intel’s (INTC) tab design business to boost the company’s product portfolio. Permira increased its buyout offer for Squarespace (SQSP) to $46.50 per share in cash, resulting in an aggregate transaction value of approximately $7.2 billion, the companies said on Monday. American Tower (AMT) said it has closed the sale of its 100%…
By Klaus Lauer (Reuters) -German billionaire Mathias Doepfner and KKR reached a fundamental deal in summer to split up the media giant Axel Springer, a source familiar with the situation told Reuters on Saturday. The two sides are expected to discuss the proposed structure of a deal that would give KKR majority control of the company’s profitable classifieds business at a meeting of its supervisory next week, the source said. The deal values the whole company at 13.5 billion euros ($14.95 billion), including more than 10 billion for the classifieds business, the Financial Times reported on Saturday. The source told…
By Luiza Ilie and Jason Hovet BUCHAREST/PRAGUE (Reuters) – At least four people died and thousands of homes were damaged by flooding in eastern Romania on Saturday, officials said, as surging river levels put authorities on alert in much of central and eastern Europe following days of torrential rain. More rainfall is forecast in the coming days in the Czech Republic, Poland, Slovakia, Hungary, southern Germany and parts of Austria. Residents of some towns along the Czech-Polish border were evacuated as rivers rose past alert levels while the Czech capital, Prague, which suffered catastrophic floods in 2002, put preventative anti-flood…
China retail sales, industrial output, investment data for August 2024 – another round of disappointing results. Retail Sales +2.1% (YoY) (Aug) expected 2.5%, prior 2.7%Industrial Production +4.5% (YoY) (Aug) expected 4.8%, prior 5.1%Fixed Asset Investment +3.4$(YTD) (YoY) (Aug) expected 3.5%, prior 3.6%Unemployment 5.3%expected 5.2%, prior 5.2%Also published were home prices data, which fell at their sharpest rate in 9 years, at -5.3% y/y in August, compared with the previous month’s -4.9%.For the m/m, down 0.7% (July was also -0.7% m/m) China’s property sector continues to be a black hole for the economy.Piecemeal stimulus looks set to continue:China has a growth…