This was a brutal week for the stock market. The Dow was down over 1,400 points to close at 23,553, declining 5.7% which puts it in negative territory for the year, down 4.8%. The S&P was down 6% for the week and is now down 3.2% for the year. The NASDAQ had the worst week, down 6.5%, but is still up 1.3% for the year. Facebook and Amazon both lost $75 billion in market cap last week. While Amazon and Netflix also declined last week they ...
The dovish FOMC was on Thursday at 19:00 GMT so the major banks are made a forecast about the USD after FOMC. Morgan Stanley: "Long USD positioning is vulnerable over coming days and perhaps weeks...But USD Impact Temporary. Our structurally bullish USD view has never been Fed-focused. Rather, our framework is built on the reduced investment attractiveness in much of the rest of the world. Any setback in the USD is likely to be short-lived ...
Taiwan stocks fell on Friday ahead amid worries about growth, particularly in its all-important tech businesses. However, shares are likely to recover and continue a rally that has added 14% to the main index of the Taiwan Stock Exchange in the past year, according to a report last week by Nomura Securities. The index lost 33.78 points to 9,820.05 on Friday. Looking ahead, flat U.S. interest rates will lead international investors to ...
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