The US trade deficit swelled in December, and the $53.1 bln shortfall was a bit larger than expected. It was the largest deficit since October 2008. For the 2017, the US recorded a trade deficit of goods and services of $566 bln, the largest since 2008. The deterioration of the trade balance may be worse …
US Trade Balance is Deteriorating, Despite Record Exports Read More »
This Great Graphic was composed on Bloomberg. It shows four stock indices’ performance since the start of the year. It is indexed so that each index started the year at 100. The yellow line is the Dow Jones Stoxx 600, a benchmark of European shares. It peaked a few days before the other markets and …
After the dramatic fall in US equities, Asian equities followed suit. The MSCI Asia Pacific Index fell 3.4% following Monday’s slide of 1.7%. European bourses gapped lower and spent most of the morning moving higher, though large gaps remain. At its worst, the Dow Jones Stoxx 600 was off about 3.3%, and at the time …
Recovering US Equities Puts Floor Under Europe after Asia Tanks Read More »