2020 T2 W8

MARKET MOVERS Paul Huang Fed Budget Deficit Expansion  US treasury reported on 13 July that the budget deficit has reached an all-time high of $864 billion in June, primarily due to stimulus programs for small businesses.  Current fiscal and monetary policies coupled with COVID-19 cases continuing to surge may indicate weakness in the dollar. China exceeds GDP … Read more

2020 T2 W7

MARKET MOVERS Samuel Soo Coronavirus cases continue to surge in the U.S. The U.S. passed 3 million confirmed cases of coronavirus, representing a quarter of all cases worldwide High record of COVID cases in the US has exacerbated fears of a second wave, making investors less certain about a swift economic recovery that was suggested … Read more

2020 T2 W6

MARKET MOVERS Paul Huang US-China tensions China has imposed a new security law for Hongkong which allows Beijing to override the Hong Kong judicial system. In response to China’s imposition of new security law, the US house of representatives has passed a bill that penalizes banks for conducting business with Chinese officials associated with the … Read more

2020 T2 W5

MARKET MOVERS 29th June Samuel Soo Spike in COVID-19 in Australia, China and the U.S. Victoria confirms 41 new cases of Coronavirus in a day, NSW records 6 new cases, just as restrictions are loosening. U.S. records 45,000 new cases of COVID-19 on June 26, single largest increase in the pandemic, exceeding highest of 36,400 new … Read more