In this report, I cover the early market action from London on Friday, March 8th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of crude oil.
Overnight we have seen economic data out of China showing how their economy and as a result, the world economy is coming to a screeching halt. Chinese exports dropped over 15% in February and the trade surplus came out at $4.12 billion versus an expectation of around $24 billion.
Yesterday we also saw the ECB revise its growth forecast for the eurozone substantially lower for 2019 and move their forward guidance for raising rates from summer 2019 to the beginning of 2020! ECB President Draghi blamed everything and everyone except himself and the ECB for the dreadful economic situation in Europe.
With the NY Fed, Atlanta Fed and even Goldman Sachs revising U.S. GDP growth to below 1% in Q1 2019 it looks like the world's economy is fast coming to a halt and most probably moving into a recession or worse.
Use promo code maneco64 to get a 0.5% discount at https://www.goldinvestments.co.uk/
Support the channel:
maneco64 store: https://teespring.com/en-GB/stores/maneco64
https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XgCTCWb
BAT Currency: Uphold a/c name maneco
