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  • Article / 1 hour ago

    From the Floor: Red alert as China fears intensify

    Deputy Editor / TradingFloor.com
    Denmark
    From the Floor: Red alert as China fears intensify
    Fear is sweeping through world financial markets this morning as depressing evidence of China's increasingly poor economic health triggered sharp falls on Asian bourses and battered already-weakened emerging market and commodity currencies. Crude oil is a standout exception to the rout and has experienced its biggest rally in 25 years.
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  • Calendar event / 1 hour ago

    IT GDP

    forecast
    actual
    Med GDP, Q/Q%
    +0.2%
    +0.3%
    Med GDP, Y/Y%
    +0.5%
    +0.7%
  • Editor’s Picks / 2 hours ago

    No 'quick fix' for low oil prices: Opec

    MarketWatch
    Oil may have just completed its strongest three-day rally in a quarter of a century, but prices are still well off 2014 levels as a supply-driven rout continues to rage through markets. In a statement released yesterday, Opec said that low prices remain a concern for its members and there is "no quick fix" for the glut that has enveloped the oil market and driven prices lower. "Oil is losing the shale war" said analyst Richard Hastings of Global Hunter Securities; "without oil prices at exceptionally high prices, then [Opec members] are staring at big troubles". Brent crude is currently trading at $53.06/barrel.
    Read article on MarketWatch
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  • Editor’s Picks / 4 hours ago

    RBA keeps cash rate at 2%

    The Sydney Morning Herald
    The Reserve Bank of Australia on Tuesday left the cash rate at its record low 2% for the fourth month in a row. Mark Mulligan writes the board's decision was universally expected. The RBA last cut the cash rate in May, by a quarter of a percentage point, to 2%, after a similar cut in February.
    Read article on The Sydney Morning Herald
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