Category: Global
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July’s ‘furious rotation’ was a catch-up for global equities that lagged in Q2 – DataTrek
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Pavel Muravyov July saw a sharp drop in interest rates, causing a “violent turnover” in cyclical and interest rate-sensitive sectors such as small caps in the US (VB), (IJR), (SCHA), (IWM), as well as Europe (IEUR) and Japan (EWJ). Both two-year (US2Y) and ten-year (US10Y) Treasury bondsYields fell from 4.72%…
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Dollar’s reign to live on even as global monetary landscape evolves By Investing.com
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Investing.com — UBS Global Research maintains a positive outlook for the continued dominance of the U.S. dollar as the world’s primary reserve currency. Despite growing concerns about its sustainability, analysts say several factors will support the U.S. dollar’s preeminent status for years to come. While UBS points to the potential…
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McDonald’s global sales drop for the first time in four years as cost of living impacts consumer choices
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McDonald’s global sales fell for the first time in nearly four years, falling 1% in the second quarter as consumers tired of inflation opted to eat at home or opt for cheaper menu options. The company expects same-store sales to continue to decline over the next few quarters, and is…
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McDonald’s global sales drop for the first time in four years as cost of living impacts consumer choices
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McDonald’s global sales fell for the first time in nearly four years, falling 1% in the second quarter as consumers tired of inflation opted to eat at home or opt for cheaper menu options. The company expects same-store sales to continue to decline over the next few quarters, and is…
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Yellen says $3T needed annually to ensure shift to low-carbon global economy (NASDAQ:ICLN)
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GetYourPic/iStock via Getty Images US Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy will It requires $3 trillion in new capital every year. By 2050, which is far beyond current funding. Speaking in Brazil after a meeting with G20 finance ministers to discuss…
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Global Market Weekly Recap: July 22 – 26, 2024
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Market correlations have been intermittent throughout the week as traders try to reconcile several key market drivers throughout the week. In particular, renewed growth concerns in China and a tech sector sell-off on weak US earnings data led to large inflows into safe-haven assets during the first half of the…
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AI could be the best long-term disinflationary force in a challenging global economy
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Inflation has come down from last year’s peak, but as the latest figures show, it’s still not as low as anyone would like. The Fed has also raised interest rates 11 times and kept them at 23-year highs. Will that be enough? Perhaps, but some economists say we’re in a…
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AI could be the best long-term disinflationary force in a challenging global economy
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Inflation has come down from last year’s peak, but as the latest figures show, it’s still not as low as anyone would like. The Fed has also raised interest rates 11 times and kept them at 23-year highs. Will that be enough? Perhaps, but some economists say we’re in a…
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United Airlines, American Airlines provide updates after global IT outage (NASDAQ:UAL)
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labsas/iStock Not published via Getty Images United AirlinesNASDAQ: UAL) said on Saturday that most of its technology systems were back up and running a day after a global IT outage, while American Airlines said itNASDAQ:AL) said its operations were fully back to normal. Wrong update from cybersecurity company Crowd Strike…
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Bitcoin Price Skyrockets To $66,000 Amid Global IT Outage
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Bitcoin price quickly recovered from its recent drop to a six-month low of $53,500 on July 5, reclaiming the $66,000 level and focusing on retesting it. All time high From $73,700 reached in March. The recovery comes as major airlines, medical facilities, businesses and police forces around the world struggle…
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Bitcoin Price Skyrockets To $66,000 Amid Global IT Outage
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Bitcoin price quickly recovered from its recent drop to a six-month low of $53,500 on July 5, reclaiming the $66,000 level and focusing on retesting it. All time high From $73,700 reached in March. The recovery comes as major airlines, medical facilities, businesses and police forces around the world struggle…
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CrowdStrike update that caused global outage likely skipped checks, experts say By Reuters
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Written by Ziba Siddiqui SAN FRANCISCO (Reuters) – A routine update by CrowdStrike Inc (NASDAQ: CST) to its widely used cybersecurity software that caused its clients’ computer systems to crash worldwide on Friday did not appear to have undergone adequate quality checks before it was deployed, security experts said. The…
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CEO at cybersecurity firm that caused a global outage forgot to apologize
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CrowdStrike Holdings Inc. CEO George Kurtz co-authored the article book It’s often referred to as the bible of computer security. But when it comes to crisis management, it stands on shakier ground. in mail On social media platform X early Friday morning about a failed software update. has crashed Speaking…
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Global Market Weekly Recap: July 15 – 19, 2024
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Market correlations were a bit mixed this week, suggesting that major assets were mostly moving to their own rhythms. Traders were also likely struggling to balance different themes and stories, including mixed interest rate cut speeches from Fed members, weaker-than-expected global economic activity data, and geopolitical headlines. US stock indices…
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Dow slips in wake of global outage
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U.S. stocks fell on Friday as concerns about a global IT outage eased, with Wall Street looking to recover from a selloff that saw the Dow Jones Industrial Average snap a winning streak and technology stocks continue to slide. The Dow Jones Industrial Average (^DJI) fell 0.2%, after the blue-chip…
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How skills arbitrage can cure global labour woes
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The world today faces a strange dilemma where some countries suffer from a shortage of talent, while others struggle to generate enough jobs for their young people. The solution lies in the economic geography of skill arbitrage. To understand more deeply the geo-economic tool known as “skill arbitrage”, let us…
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Global Crypto Trading Volume to Surpass $108 Trillion in 2024, Europe Leads With 37.32%
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Global cryptocurrency trading volume is expected to exceed $108 trillion this year, reflecting an increase of about 90% compared to 2022, according to CoinWire. Europe has taken the lead in this growing market, accounting for 37.32% of the total cryptocurrency transaction value, and is expected to see a 2.7-fold increase…
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Global Crypto Trading Volume to Surpass $108 Trillion in 2024, Europe Leads With 37.32%
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Global cryptocurrency trading volume is expected to exceed $108 trillion this year, reflecting an increase of about 90% compared to 2022, according to CoinWire. Europe has taken the lead in this growing market, accounting for 37.32% of the total cryptocurrency transaction value, and is expected to see a 2.7-fold increase…
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Cyprus Leads Global Charge Against Crypto-Enabled Terrorist Financing
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In a bold move to combat the growing threat of terrorist groups exploiting cryptocurrencies for illicit financing, Cyprus has emerged as a global leader in combating terrorist financing using cryptocurrencies. Recognizing the unique challenges posed by the decentralized and anonymous nature of digital assets, the Cypriot government, in collaboration with…
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Global Market Weekly Recap: July 8 – 12, 2024
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Market correlations were mixed at the start of the week, before sentiment finally settled a few days later. Although Fed Chair Powell’s speeches and US CPI data prompted some riskier flows mid-week, commodities and equities were also driven by individual catalysts. Major currencies also had plenty to work with, with…