It’s U.S. Federal Reserve decision day

After ending Tuesday’s (Sept. 21) session narrowly mixed, shares on the major equity market indices in the United States traded higher at open on Wednesday (Sept. 22), as the investors awaited the US Federal Reserve’s monetary policy ruling later this afternoon. The US central bank will conclude its highly anticipated September meeting today and release a policy statement with economic and interest rate forecasts

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China Evergrande fallout spooks world markets

Growing fears of embattled developer China Evergrande Group defaulting is spooking world markets with a decline in equities in all corners of the world. Hong Kong’s Hang Seng Index tumbled more than 3% on Monday (Sept. 20), the S&P 500 Index lost 1.7% marking its worst day of trading since May while the paneuropean STOXX 600 also fell 1.7%. Exchanges in mainland

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The global ETF market is thriving

Exchange-traded funds (ETFs) including Exchange-traded products (ETPs) listed globally gathered net inflows of US$94.64 billion last month, bringing year-to-date net inflows to US$834.21 billion according to data released by ETFGI. The London-based researcher says the 2021 net flows to August were almost double compared to the same period last year ( US$427.56 billion) and higher than the full year 2020 record net inflows

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World Markets Weekly Review 13-17 Sept. 2021

World markets had a rough week with emerging countries proving the most volatile. Investors are becoming increasingly concerned with inflation pressures which keep rising, the narrative of slowing growth and fears of Chinese property giant Evergrande’s default that could trigger a domino effect beyond China. They are also analyzing how the latest geopolitical developments will affect trading. Tensions escalated on the Korean

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IPO markets remain resilient in H1 2021 thanks to hungry investors

Global IPO momentum continued its record-breaking pace through H1 2021 when a total of 1,070 IPOs raised US$222.0b in proceeds, increasing 150% and 215%, respectively, year-on-year, EY data revealed. IPO activities in the Americas continued at a fast pace through H1 2021, with 276 IPOs raising US$93.9bn  by proceeds – a 229% increase by volume and 282% rise by proceeds year-on-year.  Health care

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European stocks climb on strong eurozone trade data

European stocks opened higher on Thursday (Sept. 16) morning breaking from cautious global sentiment. Germany’s DAX opened 0.34% in the green, London’s premier index FTSE 100 began 0.22% higher, while France’s CAC 40 was up by 0.46% at the starting bell. The pan-european STOXX600 was up 0.72% around midday. Sentiment was boosted after Eurostat data showed eurozone’s trade surplus increased in July

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Brazil an agricultural powerhouse

The Brazilian Institute of Geography and Statistics (IBGE) has reduced its estimate for the country’s grain harvest in 2021 to 251.7 million tons, down 1% compared to 2020. According to a new Systematic Survey of Agricultural Production (LSPA) released on Thursday (Sept. 9), the volume is 1.7% lower compared to the previous projection. LSPA provides estimates on planted areas, harvested areas, amount

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