The news rattled Mainland China’s markets and the Hong Kong stock market. China is a major exporter of electric vehicles (EV) and plug-in hybrid electric vehicles (PHEV). Meanwhile, US automakers,…
Tag: Economics
Pound Falls as BOE Cuts Rates to 4.5%—Will More Easing Follow?
BOE cuts rates to 4.5% as U.K. growth stalls. Pound weakens, gold gains. Will policymakers signal another cut as soon as March? Read more….Read More
Michigan Consumer Sentiment Drops To 67.8; SP500 Pulls Back From Session Highs
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EIA Natural Gas Storage Draw Of -174 Bcf Exceeds Analyst Expectations
Natural gas prices have started to move higher as traders reacted to the report. The storage draw exceeded analyst estimates, which may provide additional support to natural gas markets. However,…