Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

I would like all Members and Guest to view as this is my company I promote.


I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2019

Job layoffs and Fed Chairman's remarks raise global market concerns today


Posts : 153471
Thanked : 9700
Join date : 2012-12-21

Job layoffs and Fed Chairman's remarks raise global market concerns today

Post by rocky on Fri 11 Jan 2019, 3:43 am

Job layoffs and Fed Chairman's remarks raise global market concerns today

 11 January 2019 12:21 p
From: Ahmed Shawky
Mubasher : Global companies' plans to cut their workforce and Fed Chairman's comments on global markets dominated Thursday's trading.
As the row between the US president and the Democrats continues and the government continues to close, Trump is unable to attend the World Economic Forum in Davos, Switzerland, scheduled for later this month.
Statements by the Fed Chairman
The Fed chairman stressed that the US bank will be patient about further monetary tightening in the coming period.
While Jerome Powell expressed concern over US debt inflation with expectations of an annual fiscal deficit of $ 1 trillion.
Despite Powell's strong attack on Powell, Powell pointed out that Trump's criticism did not bother him.
While the Federal Reserve added that the continued government closure would have a negative impact on US economic data, in which he pointed out that Apple's warnings about its profits indicated a slowdown in the Chinese economy.
Demobilization of labor
Jaguar Land Rover has announced plans to cut its workforce of 42.5 thousand jobs by about 10 percent as China's demand is low and diesel sales in Europe are down.
Under the cost-cutting plan, Ford plans to lay off thousands of workers and cut its production line across Europe.
Vodafone has also announced plans to cut up to 1,200 jobs in Spain.
BlackRock, the largest asset management company, has announced its intention to lay off 500 employees in a framework that will help it with rich-fee strategies with global market volatility.
Global Stock Indices
US stocks rose at the end of trading today, to be the fifth straight gain
Economic data showed today, US jobless claims fell to a one-month low last week andmortgage costs fell to a nine-month low.
European equity indexes closed in green range at the end of the day as investors focused on business developments.
For his part, the European Central Bank stressed that the main factors supporting the economy in the euro area is still in place, but warned at the same time of increased risks.
While the Japanese stock indices fell at the end of trading today with the gains of the yen after the disclosure of the Fed's record.
While China's inflation slowed more than analysts had expected last month.
Oil continues to rise
Oil prices continued to rise for the ninth consecutive session by the end of trading today, to record the "Nymex" the longest wave of daily gains in 9 years, after falling by more than 1% in trading.
For its part, the US Energy Information Administration announced the decline in natural gas inventories in the United States more than analysts' expectations last week.
While gold prices fell in today's trading as the US dollar recovered from a 3-month low.
While Goldman Sachs expects gold prices to rise to the highest level since 2013 at $ 1,425 an ounce in the next 12 months.

    Current date/time is Mon 18 Mar 2019, 9:03 am