Archives of “January 2020” month

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Ukrainian airliner had technical problem prior to crash – initial Iran investigation report

  
  Analysis
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Iran maintains that the plane had technical difficulties leading up to the crash

The initial investigation report is being cited by the Iranian Civil Aviation Organisation and adds that the aircraft was headed towards the airport before crashing.

This is a story that will be talked about for quite some time yet. It is almost unfathomable that an aircraft will just spontaneously combust – especially in this day and age.
The fact that Iran is reportedly not wanting to release the blackbox of the aircraft to Boeing also doesn’t help its case in all honesty.

World Bank cuts global growth forecasts for 2019 and 2020

  
Analysis, Economy
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They see some upside risks as trade risks cool

  • Cuts 2019 to 2.4% from 2.6% (lowest since crisis)
  • Cuts 2020 to 2.5% from 2.7%
  • Cuts 2020 emerging markets forecast to 4.1% from 4.6%
  • Forecasts 2020 trade growth at 1.9% vs 1.4% in 2019
  • Says growth in less developed regions far below levels needed to meet poverty-reduction goals

In a deeper breakdown, they boosted the 2020 US growth forecast while cutting China and Europe. On the whole, this isn’t great news for the global economy but it’s nothing surprising.

The US has issued fresh warning of likely terror attacks by Iran, Hezbollah

  
  Analysis

Nobody will be surprised by the FBI and the Department of Homeland Security warning of terror threats posed now

In a joint intelligence bulletin sent to law enforcement throughout the US
  • Agencies said they on believed a physical attack would occur first overseas
  • Also Iran likelt in the immediate term to attack the US in cyberspace
  • Noted Iran has a history of making assassination attempts
  • Noted also the terror threat by Iran’s proxy Hezbollah
Nobody will be surprised by the FBI and the Department of Homeland Security warning of terror threats posed now 

Major indices close higher but late selling sends indices lower on Baghdad bomb chatter

  
Analysis, US Market
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Nasdaq closes at a record

The major US indices are closing higher on the day. However some late day selling on Baghdad bomb chatter helped to push the indices off highs into the close.
Nevertheless the NASDAQ index is closing at a record level.
The final numbers are showing:
  • S&P index up 15.88 points or 0.49% at 3253.06. The high price reached 3267.07. The low extended to 3236.67
  • NASDAQ index rose 60.66 points or 0.67% at 9129.24. The high price reached 9168.88. The low extended to 9059.38
  • Dow rose 161.45 points or 0.56% at 28745.20. The high price reached 28866.18. The low extended to 28522.51.

European shares end the session with gains

  
Analysis, Global Indices

German DAX, +0.7%. UK FTSE 100 unchanged

While Pres. Trump was finishing up his address, the European stock indices are closing for the day.
The closes are showing:
  • German DAX, +0.71%
  • France’s CAC, +0.31%
  • UK’s FTSE 100, +0.01%
  • Spain’s Ibex, +0.12%
  • Italy’s FTSE MIB, +0.46%
The major indices also closed nearer their highs for the day.
Meanwhile over in the US, the rally continues with the S&P, NASDAQ and Dow all trading at session highs and up about 0.75% on the day.  The S&P and NASDAQ are both trading at record highs.
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