Category: Your Money

Your world at 9am

Equities

Out of 43 world ETFs listed in NYSE that we track, 36 are trading above their 10-day SMA and 37 are trading above their 50-day SMA.

Must Reads

Opinion | The intricate balance of interests struck by RBI
Its decision to retain its policy rate at 4% is spot on. We can’t expect easy money to fight our covid crisis and that rate dropping below India’s central inflation target would’ve been risky

China’s migrant workers facing end of an era as the world’s factories winds down amid coronavirus, US-China trade war
After spending more than half her life working in factories in Guangdong, Rao Dequn’s 25 years as a migrant worker could be coming to an end within a month, with the coronavirus and US-China trade war leading to another factory closure in Dongguan’s withering export-oriented manufacturing indust

Pompeo Urges Cutting Ties With Chinese Tech Companies, Apps
Secretary of State Michael Pompeo urged American companies to bar Chinese applications from their app stores, signaling that U.S. efforts to banish Chinese technology from U.S. computers and smartphones will extend well beyond the push to force a sale or shutdown of TikTok.

Immunology Is Where Intuition Goes to Die
Which is too bad because we really need to understand how the immune system reacts to the coronavirus. Updated at 10:36 a.m. ET on August 5, 2020.

Xi Jinping sends shock waves with his 2035 manifesto
TOKYO — At the end of last month, the Chinese Communist Party announced it will convene a key policy meeting in October. Attendees will assess the proposals for the next five-year plan that spans 2021 to 2025 “and future targets for 2035,” it said.

Check out our Global Macro Dashboard for currency, commodity, bonds and credit charts.

Good luck!

Gold Fixing Price 10:30 A.M. (London time) in London Bullion Market, based in U.S. Dollars

7-Day AA Nonfinancial Commercial Paper Interest Rate

Your world at 9am

Equities

Out of 43 world ETFs listed in NYSE that we track, 35 are trading above their 10-day SMA and 37 are trading above their 50-day SMA.

Must Reads

Wireless Charging Is a Disaster Waiting to Happen
Wireless charging is increasingly common in modern smartphones, and there’s even speculation that Apple might ditch charging via a cable entirely in the near future.

Opinion | Coronavirus and the rising value of relying upon common sense
5 min read . Updated: 05 Aug 2020, 09:05 PM IST As we learn more about covid-19, the flexibility of social norms could serve us better than heavy-handed application of laws As the covid-19 pandemic rages on, our understanding of it is improving.

Joblessness at pre-covid level as India unlocks more
2 min read .

India now accounts for 15% of Disney+’s global subscriber base
The impressive subscriber growth has also pushed Disney to announce plans to launch an international direct-to-consumer general entertainment offering under the Star brand in calendar year 2021 NEW DELHI : The covid-19 lockdown may have devastated businesses across the globe but Disney+ Hotstar, the

Full recovery in construction equipment sales seen in two years: JCB India
Demand for construction equipment is a barometer for construction and infrastructure activities in an economy JCB India, country’s largest manufacturer of construction equipment and related machines, had sold more than 43,000 machines in CY2018 MUMBAI : With the covid-19 pandemic and nationwide lock

Long-Range Investing, a Decline in Births, and a Fertility Rate that’s Scared of COVID-19
The number of births in most countries, including the US, was already on a decline. Then COVID-19 hit. People giggled that, with romantic partners forced to be in lockdown together, in nine months, births might rise again, especially for those without any children.

Coca-Cola’s work with scientists was a ‘low point in history of public health’
The beverage company donated millions of dollars to a team of researchers  at a non-profit claiming to look into causes of excess weight gain in the US.

What Fintech Can Learn from Decline and Reinvention of High-Frequency Trading
Since the controversial acceptance of IEX as a stock exchange in 2016, high-frequency trading (HFT) has almost completely fallen off the pages of financial newspapers and replaced by fintech as the hot topic.

How the Pandemic Defeated America
Image above: A masked worker cleans a New York City subway entrance. Updated at 1:12 p.m. ET on August 4, 2020.

London Traders Hit $500 Million Jackpot When Oil Went Negative
On April 20 the price of a barrel of oil for delivery the following month plummeted $40 in an hour, settling at –$37. It was the first time crude had ever crossed into negative territory.

The Fed is expected to make a major commitment to ramping up inflation soon
In the next few months, the Federal Reserve will be solidifying a policy outline that would commit it to low rates for years as it pursues an agenda of higher inflation and a return to the full employment picture that vanished as the coronavirus pandemic hit.

Check out our Global Macro Dashboard for currency, commodity, bonds and credit charts.

Good luck!