Such news should have only affected specific businesses and
sectors, but instead, 414 out of the 504 companies on the S&P 500 declined
on Monday, with only the defensive sectors managing to end the day in green.
Markets in Asia followed Wall Street benchmarks lower today with Japan’s Topix
and Nikkei leading the decliners tumbling more than 2%. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The iPhone is just a little device that costs a lot and
contributes a significant chunk to U.S. GDP growth. However, when looking from
a global perspective, mobile technology and services are estimated to have
added $3.6 trillion or 4.5% to 2017 global GDP according to the IMF. China
exported $128 billion worth of smartphones representing 5.7% of its total
exports. Meanwhile in Korea, semiconductors alone accounted for 17.1% of total
exports. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html In Ireland where Apple's European operations are headquartered, iPhone
exports are said to have amounted to a quarter of the country's economic
growth. That’s what makes the iPhone and other smartphone sales a vital
indicator of global economic growth.
Adding to market anxieties are reports that the White House is
circulating a draft on Auto Tariffs. This comes at a time when investors are
already struggling with the U.S.-China trade tensions, Italy’s problems and
Brexit talks. Given all these uncertainties, bears may continue to control the
market’s direction for some time until positive news begin to flow. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
In commodity markets, Brent Crude fell below $70 today after
testing $71.88 yesterday. The fall in prices comes despite OPEC agreeing
on the need to cut Oil supply by around 1 million barrels per day from
October’s level to prevent oversupplying the market. However, it seems
-increasing supplies in the U.S., rising global inventories, and threats of a
worldwide economic slowdown are having more influence on prices. Trump’s Tweet
on Monday, "Hopefully, Saudi Arabia and OPEC will not be cutting Oil
production. Oil prices should be much lower based on supply!" also helped
drag prices lower. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The Dollar declined slightly early Tuesday but remained close to
its 16-months high reached yesterday. Unless the economy experiences significant
deterioration in the following weeks and months, there’s no valid justification
for the Fed to end or slow down it’s tightening cycle. For this reason, the
Dollar may continue marching higher, especially if spread differentials between
the U.S. and E.U. widen further. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
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