By SIMON CONSTABLE
A key economic indicator continues to show weakness in China
Steel production in the second largest economy was down 6.5% in the first six months of the year versus the same period a year earlier, according to World Steel Association data. Read more here.
By SIMON CONSTABLE
It’s more likely than not that the stock market has hit bottom.
In fact, it may have happened a few weeks ago, new research states.
“Odds that the S&P 500 put in a low on June 17th continue to stand at 60%,” according to a recent report from New York-based Macro Risk Advisors (MRA.) Read more here.
By SIMON CONSTABLE
Europe’s largest economy continues to have economic problems. Read more here.
By SIMON CONSTABLE
Exchange-traded fund investors seem to be going soft on gold. On the face of it that doesn’t augur well for a rally in bullion prices anytime soon. But the truth is more complicated and there is still hope for the gold bulls. Read more here.
By SIMON CONSTABLE
Some much-needed relief from surging inflation may be at hand.
If true, it couldn’t be more welcome as consumers wince from surging fuel and food prices. The recent inflation rate hit a four-decade high of 9.1% in June, according to government data. Read more here.
