Sunday, April 18

Markets

Slower near-term growth in new LNG infrastructure

Slower near-term growth in new LNG infrastructure

Markets
“Looking ahead, as the global economy slowly opens up and continues on its road to recovery,” said Mr Bancroft, “a majority of industry forecasts estimate for the LNG marketplace to be oversupplied across most of the 2020s, requiring substantial investment in LNG infrastructure to access new markets, which we expect to be mainly based on new FSRU terminals.” One of the world’s largest owners and operators of floating storage and regasification units (FSRUs), Excelerate currently has FSRUs operating in Argentina, Bangladesh, Brazil, Israel, Pakistan, UAE, and the US. The Houston-based owner continues to target emerging LNG import opportunities, such as in the Philippines, but Covid-19 has injected an amount of uncertainty into the market. “In its current state, the LNG market has entered ...
FTSE 100, 250 and All-Share – what’s the difference?

FTSE 100, 250 and All-Share – what’s the difference?

Markets
It’s no secret that the UK stock market has been pretty unloved over the last few years. UK investors have had a tough time, from long lasting Brexit negotiations, to market falls and dividend cancellations in 2020. But things are starting to look rosier with our home markets showing some signs of recovery. With investors possibly starting to think about investing back into the UK, we’ve decided to go back to basics and take a closer look at the main UK stock market indices. This article isn’t personal advice. If you’re not sure if an investment is right for you, ask for financial advice. The FTSE Indices As the home to the UK’s largest companies, the FTSE 100 attracts headlines in the UK. But with hundreds of smaller and medium-sized companies offering unique products and services to ...
Countries urge drug companies to share vaccine know-how

Countries urge drug companies to share vaccine know-how

Markets
A member of production checks cell growth and viability of a bioreactor sample under an inverted microscope inside the Incepta plant on the outskirts of Dhaka in Bangladesh Saturday Feb. 13, 2021. (AP Photo/Al-emrun Garjon) A member of production checks cell growth and viability of a bioreactor sample under an inverted microscope inside the Incepta plant on the outskirts of Dhaka in Bangladesh Saturday Feb. 13, 2021. (AP Photo/Al-emrun Garjon) PARIS (AP) — In an industrial neighborhood on the outskirts of Bangladesh’s largest city lies a factory with gleaming new equipment imported from Germany, its immaculate hallways lined with hermetically sealed rooms. It is operating at just a quarter of its capacity. It is one of three factories that The Associated Press found on three continents ...
Cash rich and bored? Be careful what you do with your money

Cash rich and bored? Be careful what you do with your money

Markets
Back in 2016 I suggested that you consider buying a small stake in the Iranian stock market. I don’t suppose anyone did. It wasn’t exactly easy to get in at the time and my optimism about the economy was pretty misplaced. But if you found a way, you would have bought in with the index on about 50,000. You could then have sold on 8 August with it at 2,000,000. You’d have run into a little bother with the currency, of course. The rial has been in inflation-driven collapse since 2017. But perhaps you were clever enough to hedge that a little. I’m not going to worry about you. I am, however, going to worry about the many inexperienced savers who poured their money into the market a bit too late in the day. Some three million of them have put more than 40 trillion rials (£740m) into stocks this...
Yellen says Congress needs to ‘go big’ for relief package

Yellen says Congress needs to ‘go big’ for relief package

Markets
FILE - This Dec. 13, 2017, file photo shows Federal Reserve Chair Janet Yellen speaking during a news conference following the Federal Open Market Committee meeting in Washington. Treasury Secretary Janet Yellen said Friday, March 5, 2021 that despite the strong job gains last month, Congress still needs to “go big” by passing President Joe Biden's $1.9 trillion relief package to get millions of people back to work sooner. (AP Photo/Carolyn Kaster, File) FILE - This Dec. 13, 2017, file photo shows Federal Reserve Chair Janet Yellen speaking during a news conference following the Federal Open Market Committee meeting in Washington. Treasury Secretary Janet Yellen said Friday, March 5, 2021 that despite the strong job gains last month, Congress still needs to “go big” by passing President J...
With Brexit back in the news, which way now for the pound sterling?

With Brexit back in the news, which way now for the pound sterling?

Markets
As we struggle towards “deal” or “no deal”, today we consider the outlook for the once great currency that is the pound sterling. With no deal looking likely last week, and now this week being told a deal is possible, you can assume that all outcomes are priced in. The forex markets will have observed the negotiators’ every utterance, every nuance, every syllable of their body language. In other words, we shouldn’t get any surprises of the undesirable variety that so spooked markets as, for example, when the UK surprisingly voted “Leave” in 2016; when fat-fingered foreign traders fumbled a flash crash (it’s alliteration Wednesday) that same year; or when Covid-19 struck in 2020. So what might the coming days, weeks and months hold for the pound? Remember the days when a pound could fetch y...
A weakening US dollar is good news for markets – but will it continue?

A weakening US dollar is good news for markets – but will it continue?

Markets
As we’ve said many times before in Money Morning, the US dollar is one of the most important – if not the most important – prices in the world. Right now, the US dollar is on the slide. That’s good news, for reasons we’ll reiterate in a moment. A falling US dollar keeps the “reflation” trade intact and means asset prices are likely to keep rising. So what – if anything – could derail this? Here’s why the US dollar matters so much Why is the US dollar so important? It’s because everyone needs US dollars. Close to 90% of all currency trading in the world involves the US dollar. Any widely traded good or commodity you care to mention is primarily priced in US dollars. You can think of the US dollar as the oil that lubricates the machinery of global trade, or as the operating system on which g...
The US dollar’s rally will fade away

The US dollar’s rally will fade away

Markets
“The King is back,” writes Cormac Mullen on Bloomberg. The US dollar was widely tipped to tumble this year, but so far it has proved remarkably resilient. The US dollar index, which measures the greenback’s value against a basket of six major trading partners’ currencies, is up by about 1.2% so far. That wasn’t supposed to happen: Federal Reserve policy is historically loose and global reflation this year should encourage investors to leave their dollar comfort zone and explore opportunities in other currencies. If this continues, then it “will upset quite a few investment strategies”. The dollar index fell by almost 7% last year, but the greenback still looks overvalued in historical terms. The index is 15% up on the start of 2010. The currency’s strong start to the year is even stranger...
Jump in hiring fuels optimism for US economic recovery

Jump in hiring fuels optimism for US economic recovery

Markets
U.S. employers added a surprisingly robust 379,000 jobs last month, a sign the economy is strengthening as virus cases drop, vaccinations ramp up, Americans spend more and states ease business restrictions WASHINGTON -- U.S. hiring accelerated more quickly than expected last month, evidence that a year after the pandemic took hold, the economy is strengthening as virus cases drop and vaccinations ramp up. A government report Friday showed that employers added a robust 379,000 jobs in February, driven by a sharp increase at beleaguered restaurants and bars. That suggests Americans are starting to venture out and spend more as progress is made against the coronavirus and states relax business restrictions. The February gain marked a sharp pickup from the 166,000 jobs that were added in Ja...
Sell your home with a Realtor or an algorithm? Maybe both.

Sell your home with a Realtor or an algorithm? Maybe both.

Markets
Bloomberg News/Landov A Keller Williams sign is posted outside an open house for a three-bedroom home near Boerne, Texas. Keller Williams, the sprawling national real estate franchisor, plans to launch an instant offer service later this year, another indication of the future path of residential real estate transactions. The embrace of a technology-driven approach to buying and selling by the brokerage most keenly associated with real estate agents points more to the increasingly blurred lines between the two approaches than to an affirmation of one over the other. In May, Keller Williams will launch Keller Offers, a company spokesman confirmed to MarketWatch. The real estate industry has long expected such a step from the company, and founder Gary Keller teased it in a closely-watche...