A slew of events, including the Federal Reserve’s policy meeting, scheduled this week will set the tone for the rest of the year. The U.S. central bank is widely expected to cut interest rates for the first time in more than a decade at its upcoming policy meeting.  Some market players expect the Fed to cut rates by half a percentage point, but the majority remain skewed toward a quarter-point reduction. Other significant events include the resumption of U.S.-China trade talks, monthly non-farm payrolls report, and release of global manufacturing data.

Former Federal Reserve Chair Janet Yellen voiced her support in favor of a 25-basis-point cut in the central bank’s benchmark interest rate in the face of a weaker global economy and low inflation in the U.S. “I think in light of the risks, I would be inclined to cut a bit,” she said, referring to the Fed’s benchmark interest rate. “I wouldn’t see this as the beginning, unless things change, of a major easing cycle. But I do think it’s appropriate.”

Ivan Martchev, investment strategist with institutional money manager Navellier and Associates, says the interest rate may not elicit the same response from the market. He says the dollar is unlikely to gain because of a massive quantitative easing all over the world and emerging markets too have too little to gain out of this rate cut. 

Oppenheimer’s chief investment strategist, John Stoltzfus, suggested investors becautious in the current market environment. With uncertainty surrounding this week’s Fed meeting and another round of second-quarter results on the radar, he expects a wave of near-term volatility to ripple through the markets and pressure stocks. 

Negative interest rates have a cost of its own. However, making money cheap is the only tool that central banks have at a time when governments are not increasing their spending to stimulate the economy. 

In other news, Nigeria’s central bank has taken an even more aggressive stance to force commercial banks to lend more in order to help revive the fortunes of the economy. The central bank aims to penalize banks that are deemed too risk-averse.
U.S. judge sets July 29 hearing in Trump lawsuit over tax returns
A U.S. judge will hear arguments on July 29 in President Donald Trump’s lawsuit seeking to block a House of Representatives committee from obtaining his New York state tax returns, according to a court filing issued Sunday.

Trump taps Mueller inquisitor Ratcliffe as intelligence head
President Donald Trump said he plans to nominate a loyalist, Representative John Ratcliffe, as Director of National Intelligence, replacing Dan Coats, who he said would depart the office on Aug. 15.

Trump nominee for intelligence chief John Ratcliffe accused Mueller of violating ‘sacred traditions’ in Russia probe conclusions
President Donald Trump’s just-announced nominee to replace Dan Coats as director of national intelligence had already drawn national attention earlier this week, when he delivered an aggressive diatribe against former special counsel Robert Mueller.

Senior Democrat Nadler: No deadline for Trump impeachment
A senior lawmaker in the U.S. House of Representatives on Sunday rejected the notion that Democrats must decide whether to pursue the impeachment of Republican President Donald Trump before the 2020 election season shifts into high gear.

Baltimore Sun editorial shreds Trump’s ‘Pavlovian’ response to Fox News
President Trump unleashed another one of his controversial tweetstorms over the weekend, slamming House Oversight Committee Chairman Elijah Cummings and calling his Baltimore district a “disgusting, rat and rodent infested mess.”
Investment in U.K. residential property up 150% despite Brexit
The uncertainties of Britain’s departure from the European Union hasn’t stopped investors from backing the U.K.’s residential sector. Total investment volumes in the U.K.’s multifamily sector rose by more than 150% to 6.8 billion euros in 2018, according to a report by broker JLL. London helped lead the charge, with investment volume nearly doubling to 2 billion euros compared to 2017.

Assuming EU will not budge, Britain ramps up preparations for no-deal Brexit
The British government is working on the assumption that the European Union will not renegotiate its Brexit deal and is ramping up preparations to leave the bloc on Oct. 31 without an agreement, senior ministers said on Sunday.

Brexit will not mark the end of days for the UK economy, strategist says
Britain’s withdrawal from the European Union will not constitute the “end of days” for the world’s fifth-largest economy, one analyst told CNBC Friday, amid intensifying fears of an abrupt “no-deal” exit in less than 100 days’ time.
The guts of an Apple iPhone show exactly what Trump gets wrong about trade
Crack open an iPhone and you’ll begin to see why President Donald Trump’s ongoing trade war with China doesn’t make sense. On paper, imports of the popular smartphone and other goods from China look like a big loss to the U.S. 

Elon Musk announces cool new features for electric car line
Tesla CEO Elon Musk tweeted some interesting new features for Tesla vehicles over the weekend. The tech entrepreneur said that the in-car displays in Tesla vehicles would be able to stream Netflix and YouTube when stopped. He also wrote that the feature will have an “amazingly immersive, cinematic feel due to the comfy seats & surround sound audio.”

Apple, Huawei, Samsung storm September, to release new devices in same month
Several tech companies, namely Samsung, Huawei and Apple, have announced the release of their new devices this coming September. New handheld smart devices coming from these smartphone giants will be available soon.

Apple earnings: It looks like 2016 again, and that is not a good thing
For Apple Inc., it could be 2016 all over again. The iPhone maker’s revenue declined in each of the first two quarters of this fiscal year, and it’s possible the company could record another drop when Apple reports fiscal third-quarter earnings Tuesday, with forecasts calling for basically flat sales from a year ago

Kazan- Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: