Ever since 1071. 00 have always rallied following the fed rate cuts for an average of 6 months markets now currently anticipate a cut from the e. C. B. As deposit rate of at least 10 bits and a resumption of bond buying meanwhile mexico also joined the global easing tide and became the latest country to surprise with a rate cut the 1st in 5 years canada whose yield curve inverted by the most in nearly 2 decades is likely to cut next the bank of japan also announce that it will step in with further cuts and bond purchases in order to keep yields from sliding thailand also plans to step up with a 10000000000. 00 economic boost in order to hit their 3 percent growth and counter an economic slowdown so while markets are now enjoying a temporary reprieve getting a lift from government stimulus worldwide this is borrowed time a rate cut will not save us from recession but it can buy us time like a temporary steroids shot for the market as to. Radar is now price and a floor of negative indica
John deere a bellwether for the agriculture and farming industry missed earnings and lowered guidance on friday due to the high degree of uncertainty around the u. S. Trade war with china Equipment Sales at the manufacturer declined 3 percent compared with the same last quarter fell in many men machinery manufacturer caterpillar also mr earnings and revenue estimates last month and cited farmers disappointment and postponement of major equipment purchases this data falls in line with previous reports of a slowdown in capacity as businesses tighten spending as trade war head winds intensify retail sales in the u. S. Were decent for the month of july as it increased by point 7 percent in july versus a cement point 3 percent the study pace of Consumer Spending is somewhat we assure and of the healthy labor market and the Unemployment Rate however keep in mind that these tend to be lagging indicators recessions have always followed through an all time low Unemployment Rate. And here now to
A new Rocket Launcher system on wednesday but south korea says it fired 2 short range Ballistic Missiles. On nearly 50 people have died in 2 attacks in yemen a military base and a Police Station were targeted the rebels have claimed responsibility for one of the attacks the rebels also say they fired a missile at a military base in the saudi city of demand is stephanie death. It started as a military parade. It ended in this the result of what he said was a missile strike in aden the seat of the saudi backed government the campus a base for amorality trained and supported units among those killed the senior military Commander Brigadier general monied seen here earlier in the week wearing the red bray but it wasnt the only message the hooty sent on thursday they also said theyd fired a long range missile at the port city of demand in saudi arabia hundreds of kilometers away a 1st in this saudi led 4 year long war 2 brazen attacks with a very clear message they are layers you know true t
Rights, it means we all have. And scientists discover the oldest modern human fossil ever found outside africa. Three days after the contents of his scathing diplomatic cables about donald trump were published in a sunday newspaper, and a day after the president said he would no longer have anything to do with him, the uk ambassador to the United States has resigned. Sir kim darroch said in a letter to the Foreign Office the Current Situation is making it impossible for me to carry out my role as i would like. The head of britains Diplomatic Service has been speaking to parliament about Donald Trumps refusal to work with a British Ambassador. This is not the first time a British Ambassador has left post. But, or resign because of. Actions taken by host government, but usually, they are governments with who we have problematic relations rather than friendly relations. And even then, had there been many occasions in your experience where there has been refusal to work with the british, c
Amazon, the latest in the eu cross hairs, facing a probe over possible anticompetitive Business Practices. Plus, ralph lauren and le le strauss in the red, both downgraded to sell at Goldman Sachs. And a tariff fueled strategy shift. Apple reportedly set to begin trial production of air pods outside of china and into vietnam. Another case of big tech under International Scrutiny amazon facing a formal eu antitrust investigation into its dealings with third party merchants. European competition commissioner margaret says based on the commissions preliminary fact finding, amazon appears to use competitively Sensitive Information about marketplace sellers, products and transactions on the marketplace and response amazon issued a statement saying, quote, we will cooperate fully with the European Commission and continue working hard to support businesses of all size and help them grow. This is the last thing some of these companies i would point out that they just brought an agreement with