News

The political impasse in the US has resulted in the longest ever government shutdown, and there are growing concerns around the hit to economic growth, at least in the near term. 

The price of crude oil has tumbled since October last year, after trading at above $70 a barrel, prices are currently sitting at just over $50 a barrel.

US stocks ended a four-day rally on fears of slowing global growth after the International Monetary Fund (IMF) trimmed its outlook.

China’s economy slowed to its lowest rate of growth since the global financial crisis in the fourth quarter with official gross domestic product up 6.4 per cent compared to a year earlier, although this was in line with economists’ expectations.

Investor sentiment continued to improve on the back of reports the US and China are prepared to make concessions in trade talks and there has been a shift in tone.

Global markets continued to rally overnight, as US stocks eked out gains to consolidate near a one-month high, helped by advances in the healthcare and industrial sectors and as financials shrugged off Morgan Stanley’s disappointing earnings

Global markets continued to rally overnight as Wall Street’s main indexes hit a one-month high, boosted by upbeat earnings from Bank of America and Goldman Sachs which both surged higher.

Global markets were higher overnight as stocks on Wall Street were supported by hopes for more stimulus for China’s slowing economy, and a jump in Netflix shares which helped investors look past weak earnings announcements from JPMorgan and Wells Fargo.

Global markets retraced overnight after a drop in China’s exports in December reignited worries of a slowdown in global economic growth. As we begin US earnings season, Citigroup beat Wall Street profit estimates overnight as lower expenses offset a drop