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    Departing German finance minister warns of global financial crisis

    Wolfgang Schäuble, who is set to leave his post as Germany’s finance minister this month, has warned of increasing risks to the global economy that could lead to another financial crisis. In an interview with the Financial Times, the German politician said central banks’ post-crisis policies have created a danger of “new bubbles”. Schäuble said the liquidity caused by the injection of trillions of dollars in recent years now poses a major risk, despite banks gradually raising interest rates: “Economists all over the world are concerned about the increased risks arising from the accumulation of more and more liquidity and the growt...
    On October 9, 2017 / By
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    Bank of Sabadell moves HQ out of Catalonia

    Bank of Sabadell, the fifth-largest lender in Spain, has revealed it will move its headquarters to the southern city of Alicante, in the aftermath of the independence conflict in the region. The financial institution, which has more than 130 years of history in Catalonia, announced the decision on October 5, amid rising tensions between the region’s local government and Spanish authorities. “Banco Sabadell has adopted this decision in order to protect the interests of our customers, shareholders and employees,” the bank said in a statement. Bank of Sabadell’s move is the first in the sector, with more banks expected to follow suit Ba...
    On October 6, 2017 / By
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    Colorado leads the way for advanced industries in US

    Not only are advanced industries (AIs) key drivers of the US economy, they are also the prime economic drivers for the state of Colorado. Comprising engineering and R&D-intensive companies, they deliver products and services in a wide range of markets, from aerospace to medical devices. To ensure the progression of this vital aspect of Colorado’s economy, the AI Accelerator Programme was created in 2013. This initiative promotes growth and sustainability in these industries by driving innovation, commercialisation and public-private partnerships, while also increasing access to early-stage capital and creating a strong infrastructure t...
    On October 3, 2017 / By
  • Finance 0

    Sensex Finishes On A Strong Note; Bharat Petroleum Rallies 4.3%

    Indian share markets continued to trade strong in the afternoon session ahead of key macroeconomic data to be released later in the day and amid strong Asian markets. At the closing bell, the BSE Sensex closed higher by 277 points and the NSE Nifty finished up 87 points. The S&P BSE Mid Cap finished up by 1.1% while & S&P BSE Small Cap too finished up by 1%. Gains were largely seen in realty stocks, pharma stocks and energy stocks. Tata Steel share price surged 3.3% after it was reported that a deal to merge the European steel operations of Tata Steel and ThyssenKrupp could be struck this month, after Tata Steel re...
    On September 12, 2017 / By
  • Finance 0

    First Majestic Silver Miner Poised To Benefit From Rising Silver Prices

    Precious metals, and Gold and Silver miners specifically have been getting some positive attention driven by the recent upward movement in the price of Gold and Silver in the last couple of weeks. In this article, we will cover how First Majestic Silver could potentially benefit from a rising Spot silver price. To be able to benefit from the next move in the silver miners we will be mentioning below, investors need to keep the performance of Silver spot price in mind. This will be crucial for a proper management of both risk and eventual profit. Silver price Outlook In our most recent Silver price Outlook, we stated that for Silver to be ...
    On September 12, 2017 / By
  • Finance 0

    World Stocks Hit Fresh Record High As Irma, Korea Rally Continues; Pounds Surges

    World stocks hit new record highs on Tuesday amid a continuation of Monday’s risk-on theme which unleashed a dramatic relief rally on easing North Korea tensions and signs that Hurricane Irma caused less damage than feared (which according to Keynesians should be GDP negative). The MSCI All-Country World Index gained 0.2%, hitting the highest on record with a fifth consecutive advance. European equities headed for the longest winning streak in five months while S&P 500 futures extended on Monday’s record high, pointing to another all time high open. Meanwhile, the dollar struggled to build on a strong start to the week as ...
    On September 12, 2017 / By
  • Finance 0

    U.K. Inflation Advances To 2.9 Percent In August

    The weak U.K. pound continued to pressure consumer prices amid growing Brexit concern. Consumer prices, which measures inflation rate climbed from 2.6 percent in July to 2.9 percent in August, according to the Office for National Statistics report released on Thursday. This is higher than the 2.8 percent projected by economists. Also, core inflation advanced more than projected to reach the most since 2011. Indicating increasing squeeze on households income and expected to pressure policy makers to hike interest rates to rein-in prices toward its 2 percent target. As explained in the forex weekly outlook, an escalating inflation rate will ...
    On September 12, 2017 / By
  • Finance 0

    GBP/USD Daily Analysis – Tuesday, September 12

    GBP/USD broke below the bullish trend line on the 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3070 and 1.3224 would likely be seen in a couple of days. Support levels are at 1.3130 and 1.3070. As long as these levels hold, the uptrend could be expected to resume, and a break above 1.3224 resistance could trigger another rise to test 1.3267 previous high resistance. On the downside, a breakdown below 1.3070 support could indicate that the uptrend had completed at 1.3224 already, then the following downside movement could bring price back towards 1.2774 key support....
    On September 12, 2017 / By
  • Finance 0

    GBP/USD Elliott Wave Analysis – Tuesday, Sept. 12

    GBP/USD Elliott Wave Analysis in 15 Minutes chart A bullish trend is present in the GBP/USD currency pair, 15 minutes chart. The price of GBP/USD currency pair is going to rise up now on a short-term basis to create a Bullish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance. Strong key support level is present at 1.3180 price level which is the ending point of Bullish impulse wave i leg. In my opinion, price action in GBP/USD currency pair has not completed bullish wave iii impulse Elliott wave pattern. Based on Elliott wave analysis, a Bullish Impulse wave pattern is now in progress and...
    On September 12, 2017 / By
  • Finance 0

    DAX – Tuesday, September 12

    12,400 failed as first Fib resistance. 12.530 is next. Source: INVESTING.com...
    On September 12, 2017 / By