News 

China’s Premier Acknowledges Economic Slowdown, Promising Tax Cuts

“Li delivered his acknowledgment of the slowdown at an annual meeting with foreign and domestic reporters that the Chinese leadership often uses to outline its priorities to its people and the world” reports nytimes.com. However, recently released economic data has suggested that the government is indeed turning to monetary expansion and heavy infrastructure investments in an effort to stabilize growth.He appeared to be addressing concerns that the United States and some of its allies have been raising about Huawei, the Chinese technology giant. Source: nytimes.com

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News Oil 

Oil prices stable amid sanctions and OPEC cuts, but economic concerns drag

“Oil prices were steady on Friday amid support from ongoing supply cuts led by OPEC and U.S. sanctions on Venezuela and Iran, but weighed down by concerns that an economic slowdown will soon start denting growth in fuel demand” writes Lucy Nicholson for cnbc.com. Crude oil use by China’s refineries in the first two months of 2019 rose 6.1 percent from a year earlier to a record 12.68 million bpd, official data showed this week.Meanwhile, a political and economic crisis in Venezuela combined with U.S. sanctions against Venezuela as well…

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News Stocks 

S&P 500 ends at 4-month high as stocks rise after strong economic data

“On the economic front, U.S. durable goods orders came in surprisingly strong, following previous reports showing a sharp slowdown in business investment” writes Markets Reporter for marketwatch.com. U.S. stocks closed higher Wednesday, with the S&P 500 posting its highest close in more than four months, as investors parsed economic data that included stronger-than-expected durable goods orders and further signs that inflation remains subdued.The S&P 500 index SPX, +0.69% added 19.40 points, or 0.7%, to end at 2,810.92, its highest close since Nov. 7. Source: marketwatch.com

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GBP Markets News Stocks 

U.S. stocks rise as investors keep wary eye on Boeing, Brexit developments

“The cost of wholesale goods rose 0.1% in February, below the 0.2% increase expected by economists, per a MarketWatch poll” writes Markets Reporter for marketwatch.com. The Commerce Department report also showed core capital orders, a key measure of business investment, rising 0.8% in January after falling sharply the two months previous. Source: marketwatch.com

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GBP Markets News 

Equity markets stymied by signs of slowdown, Brexit chaos

“All that’s kept MSCI’s world index off the 4 1/2-month highs it reached when Washington and Beijing appeared close to a trade agreement” writes Midwest Communications Inc for 95kqds.com. On commodity markets, the dip in the dollar helped gold hit its highest in two weeks at almost $1,307 per ounce.MSCI’s Asia-Pacific equity index lost 0.3 percent, although a pan-European benchmark inched up.The index has failed to make headway in March after two months of gains Britain’s political chaos is also weighing on sentiment. Source: 95kqds.com

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News Regulators 

EUR/USD Forecast March 11-15- Dovish ECB sends euro to 21-month low

“With the ECB in no mood to raise rates anytime soon, investors are not finding the euro particularly attractive, even with the Fed sending a dovish message to the markets” writes Kenny Fisher for forexcrunch.com. Nonfarm payrolls were a disaster, plunging to just 20 thousand, This was much worse than the forecast of 180 thousand.Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. A dovish message from the ECB was clearly not to investors’ liking, as the euro fell sharply. Source: forexcrunch.com

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News 

Stalled out job growth could be warning of slowdown but no signal of recession

“There’s a lot of noise in the payroll data,” said Diane Swonk, chief economist at Grant Thornton” writes Patti Domm for cnbc.com. February’s job growth slowed to a crawl with just 20,000 payrolls added, but it is more the result of temporarily sluggish growth and not a sign of recession.The shockingly weak report was about 160,000 fewer jobs than economists had forecast, but it follows January’s surprisingly strong 311,000 payrolls, which were revised higher by 7,000 workers.At this point, these numbers don’t do that,” said Ward McCarthy, chief financial economist…

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News 

Chinese exports slump as slowdown deepens

“BEIJING–China’s exports fell sharply last month, adding to headwinds for the world’s second-largest economy as officials struggle to arrest a slowdown” reports marketwatch.com. China’s total trade surplus stood at $4.12 billion, narrowing sharply from the $39.16 billion surplus in January.In a sign of worsening domestic demand, imports fell 5.2%, extending January’s 1.5% drop.And despite officials’ efforts to ease trade tensions, China’s trade outlook doesn’t look rosy. Source: marketwatch.com

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Markets News Regulators Stocks 

Why the ECB’s surprise policy move is sending shivers through global stock markets

“Opinion: The OECD shows in its latest downgrade how interwoven the global economy is Want this type of analysis sent to your inbox?” writes Deputy Markets Editor for marketwatch.com. Of course, investors knew the eurozone economic outlook was nothing to write home about.This sort of diminished confidence filtering through countries and sectors is one major factor for the slowdown” in the eurozone economy.Stocks on Wall Street fell alongside European equities, underlining rising worries among investors that weakness in the global economy could prove to be a drag on U.S. growth.While…

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