Daily Company News by ForexMart

[Luis ForexMart]

Construction Spending in New York Has Hit a Record High

Construction spending is booming this year as it has exceeded the target even before the increase in demand for new housing and office space. It is predicted that the it will reach up to $43.1 billion construction spending this year which has increased by 26% compared to 2015 driven by the private sector. New York City employment boomed since late 2009 including the private sector growth more which has expanded faster more than the usual average data.

New York real estate is now receiving more attention as more investors globally look for investment returns which has both pros and cons. Consequently, the upswing in capital flow to New York City has diminished domestic returns.

 

[Luis ForexMart]

UK House Prices Expected to Drop due to Adverse Effects of Brexit on Market

London housing prices are expected to drop in value in 2017 due to Brexit uncertainties having an adverse effect on the housing market, according to a statement released by the Centre for Economics and Business Research. Since London is one of the highest-priced areas in the UK market, prices in the area are expected to plummet by up to 5.6% next year. Meanwhile, growth of UK property values are expected to surge by up to 6.9% before 2016 ends but will also likely suffer a drop by up to 2.6% in 2017.

 

[Luis ForexMart]

Home depot co-founder, Ken Langone remained skeptic for the hopes about the “ prosperity in the world”

An interview led by CNBC was made last Tuesday with the billionaire businessman, Ken Langone. The big-time executive defined the U.S economy as "at best, tepid." Langone strongly believes that the economy is not strong and doubt the statements from the economists.The American investor further compared the US economic system to a gun that lacks ammunition in order to uprear the economy.

The long-term Republican added that politics should put on one side before seeking the answers to the nation's disputed point which involves the health-care.

 

[Luis ForexMart]

Surge of U.S. Dollars Against Other Major Currencies

The US dollar reached a record-high in almost 8 months against euro while a three month high against yen recently which was driven mainly by the pending rate hike by Fed.

It has been assessed that 78% chance of Fed rate hike which is also to be swayed after the U.S. presidential election since political risks will be diminished. The dollar index has also risen by 0.34% compared to other six currencies. The planned stimulus of different central banks including Bank of Japan, European Central Bank and Bank Of England has also fostered appreciation of greenback.

 

[Luis ForexMart]

Singaporean Energy Corporations Face Added Pressure due to Energy Price Slump

Lending firm Oversea-Chinese Banking Corporation said in a statement that a number of Singapore-based energy corporations are now facing increased pressure due to the recent drop in oil and gas prices, which means that these companies might face difficulties with regards to repaying debts. The CEO of the said lending firm also stated that the final quarter of 2016 might become particularly difficult for the energy sector, especially since oil and gas prices have yet to recovery from this particular price drop.

 

[Luis ForexMart]

Economy Update: UK falls below France and ranked fifth as the world's biggest economy


As it was presented in the global economy table, the sterling pound experienced declivity. France ousted the economy of the United Kingdom and made it as the sixth-largest economy in the world.

The World Bank were able to conclude the ranking due to the average value of the currency within a certain period, including currencies accompanied by the dollar. Countries that slip past the UK are US, China, Japan, Germany, and France in terms of US dollar. The final line up all boils down to the exchange rates considering that the pound is five times weaker versus the greenbacks because of the EU exit. The annual GDP of the Britain is roughly £1.8 trillion which makes it powerless compared to the greens and eventually cause the country to plunge down in the table.

 

[Luis ForexMart]

China Reassures Investors to Impede a Six-year Low

Chinese Yuan is depreciating nearing a record low in six years. The government is finding ways to hinder the process and recover from this impending threat. However, the deputy Governor of People’s Bank of China (PBOC) said that there is no grounds for a relentless decline and they stopped it from happening.

China is giving off signs that the currency is being carefully monitored and investors should be careful in their trading positions against the currency. Despite this information, this would have much of an impact considering past connotations to the problem since the driving force is the appreciation of dollar.

The PBOC is saying if volatility arises, investors should not be agitated as they would definitely do something to stabilize the situation. China has already eased the local bonds and abandoned the necessity for inbound investment program quotas.

 

[Luis ForexMart]

Team Parker Got the Podium in the British GT3 Championship
Fri Oct 21 14:17:17 GMT 2016 |

The GT championship has been anticipated by fans and race drivers alike. It has been part of the National motorsport championship in United Kingdom that showcases famous and stylish sports cars.


Recently, the British GT3 championship took place at Donington Park on September 10 to 11 this year. It’s been a long journey but we made it until the end. This is one of acclaimed contest awaited by all to witness a nerve-wracking event that highlights racing cars at high speed and the overall process behind pit stops showing changeover in less than a minute. The drivers raced a circuit length with a total of 2.487 miles.


RPJ racing represented by Rick Parfitt Jnr. had won several awards such as Mobil 1 Master of the year in 2014 and Blancpain driver of the Weekend in 2015 during his short racing career.


Under the name Team Parker, Seb Morris joined Parfitt in the race. He was a former single-seater who had competed in the GP3 series last season in different categories and was able to win second place in the BRDC Formula 4 race last 2013.


Parfitt and Morris as a pair raced together in a Bentley Continental GT3. As much as racing requires dedication and commitment, ForexMart see this to be the same with trading. This is a strong partnership that is envisioned for success and become one of the prominent companies in the industry.

 

[Luis ForexMart]

New website’s section

Dear Traders!

ForexMart launches “Meet us offline” website’s section. Devoted to all offline events it will tell about key results and show the details from live meetings of ForexMart representatives with clients.


Follow our photo reports from exhibitions and conferences stored in the new section. Keep abreast of our events and take part in the most exciting ones together with ForexMart team. See you offline, stay tuned!

 

[Luis ForexMart]

Apple Releases New Macbooks in an Attempt to Recover Market Losses

Apple Inc. has recently unveiled its new range of Macbooks as part of the tech firm’s attempt to revive a product which was predicted by Steve Jobs would be rendered obsolete soon by the iPad. Analysts are expecting that this newly-released product line would enable the firm to significantly update its long-term growth. The shares of the said firm has recently dropped by up to 1% and has traded at $114.48 towards the end of the New York trading session. Meanwhile, Apple stocks surged by up to 20% as a result of expected positive sales for the iPhone 7. However, the firm’s shares immediately gave up a portion of its value after the company released a rather careful sales forecast.