This weeks rebound in stocks has been largely predicated on last weeks shift in tone by Dallas Fed President Robert Kaplan, in suggesting he could shift his position on a taper if the economic data deteriorated, a not unreasonable position to take, said Michael Hewson, an analyst at broker CMC M
Date: Aug 25, 2021
Category: More news
Source: Google
Resurgent COVID-19 and Brexit stalemate drive stocks lower
"We have been trading in a range for quite some time and up until the beginning of this week, at the top end of it, and it's a trend that is likely to continue," said Michael Hewson, senior market analyst a CMC Markets.
Date: Oct 15, 2020
Category: More news
Source: Google
Stocks fall as eurozone leaders fail to agree coronavirus stimulus deal
The meeting was supposed to be about arriving at a roadmap for an exit strategy from coronavirus later today, which would include how to unlock the power of the European Stability Mechanism, the EUs bailout fund to help those most affected by the pandemic, said Michael Hewson, the chief market an
Date: Apr 08, 2020
Category: World
Source: Google
European stocks and equity futures fall on warning of high U.S. coronavirus death toll
Talk of a bottom in equity markets still seems remarkably premature given the continued increase in infection and death rates across Europe and the U.S., said Michael Hewson, chief market analyst at CMC Markets U.K., in a note to clients.
Date: Apr 01, 2020
Category: Business
Source: Google
Stock futures struggle for direction after temporary boost from China factory data
The PMI readings were well above expectations and almost too good to be a true for an economy that is still not fully functioning at its pre-crisis optimum level, said Michael Hewson, chief market analyst at CMC Markets, in a note.
Date: Mar 31, 2020
Category: Business
Source: Google
Asia shares camp on high ground, oil jumps on Libya shutdown
factor appears to be driven by a number of factors including better than expected economic data, as well as the dialing back of trade tensions between the U.S. and China as the low-hanging fruit of a phase one trade deal was being signed off," said Michael Hewson, chief market analyst at CMC Markets.
"China being prepared to look at intellectual property is obviously the catalyst for a nice move higher, or a return to the highs earlier this month," said Michael Hewson, chief markets analyst at CMC Markets in London.
Date: Nov 24, 2019
Category: Business
Source: Google
Asian stocks retreat as China's growth slowdown deepens
"Obviously it's better than expected, but actually I would argue is that it's a hollow victory because in effect it makes a fiscal response less likely," said Michael Hewson, chief markets analyst at CMC Markets in London.