Finance World

The year 2019 has started on a strong note after a challenging fourth quarter of 2018. The sentiments were boosted by corporate earnings, optimism over US-China trade talks and the formal pause of interest rate hikes by the Fed, which led to a positive close in the month of January across the global markets. Further, oil prices also witnessed a strong rebound as Brent surged by 16.6% during the month.

Global markets, led by emerging market bonds and stocks, advanced alongside US stocks where a robust earning season has so far helped offset the negative impacts of a prolonged government shutdown and global growth worries. Given what is on the plate next week one can argue that we are now moving from the starter to the main course in terms important market moving events. Among the most important we find:

The strong beginning to 2019 across financial markets and commodities has extended into its third week. Dovish comments from the US Federal Open Market Commission, rate and tax cut announcements from China, and raised expectations of a breakthrough in the trade talks between the two have all helped fire up the markets so far this month.

With turmoil on every side, gold has re-emerged as a preferred safe haven with further upside. Meanwhile, prospects for a further recovery in oil seem limited by signs of slowing global growth.

SWIFT has today published a standard for ‘Pay Later’ APIs in a key step toward enabling the rapid adoption of an innovative new consumer payment model.