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Trade, Saving And An Economic Disaster

Trade, Saving And An Economic Disaster

The UK is running a trade surplus. No, really, I am not joking. This is from the ONS’s latest trade statistics release:

The UK total trade surplus, excluding non-monetary gold and other precious metals, increased £3.8 billion to £7.7 billion in the three months to August 2020, as exports grew by £21.4 billion and imports grew by a lesser £17.5 billion

It’s the first time the UK has run a trade surplus since the late 1990s:

And if you were thinking this was because of the lockdown, you would be wrong. The UK has been running a trade surplus since the beginning of 2020:

Admittedly, the trade surplus widened under the lockdown. But the UK economy reopened to some degree from June to August – and yet the trade surplus continues to widen.

This is no doubt music to the ears of balance of payments obsessives. Could the UK at last be pivoting away from a consumption-led growth model to an export-led one?

At first sight, it appears so. Exports have increased more than imports. And the strongest growth in goods exports was in manufactured goods, particularly machinery and transport equipment:

Hooray! If this continues, the UK will become an export powerhouse to rival Germany! There will be jobs and prosperity for all!

Not so fast. The trade balance is a net figure. The gross figures that make it up matter too – and gross imports and exports have both fallen considerably since August 2019:

The UK’s trade surplus is not a sign of a booming export economy. Far from it. The only reason for the trade surplus is that imports have fallen even more than exports over the last 12 months.

An abrupt switch from trade deficit to trade surplus accompanied by sharp falls in both imports and exports

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UK and Ukraine sign Political, Free Trade and Strategic Partnership Agreement

UK and Ukraine sign Political, Free Trade and Strategic Partnership Agreement

The UK Prime Minister Boris Johnson today signed an agreement with President Volodymyr Zelenskyy of Ukraine to strengthen the political and trade ties between the two countries.

Boris Johnson and Volodymyr Zelenskyy have signed the ‘Political, Free Trade and Strategic Partnership Agreement’ to strengthen UK cooperation in political, security and foreign matters with Ukraine, while also securing continued preferential trade for businesses and consumers.

This agreement, when brought into force, will allow businesses to continue trading as they do now after the end of the Transition Period. It delivers the same level of liberalisation in trade, services and public procurement that businesses currently enjoy under the existing EU-Ukraine Association Agreement.

And it underlines the UK’s support for Ukraine’s sovereignty and territorial integrity, as well as both countries’ commitment to strengthening democracy and human rights and deepening the security relationship.

Prime Minister Boris Johnson said:

The UK is Ukraine’s most fervent supporter. Whether it’s our defence support, stabilisation efforts, humanitarian assistance or close cooperation on political issues, our message is clear: we are utterly committed to upholding the sovereignty and territorial integrity of Ukraine.

The Strategic Partnership Agreement we signed today signals the next chapter in our relationship. It’s a chapter that will bring increased security and prosperity for both the people of the UK and Ukraine.

Trade between the UK and Ukraine was worth £1.5 billion in 2019. Top UK goods exports to Ukraine were aircraft (£79m), medicinal and pharmaceutical products (£61m) and cars (£52m). The UK imported £177 million of cereals and £182 million of iron and steel in 2019.

International Trade Secretary, Liz Truss, said:

Free trade is an incredibly powerful agent of economic growth, opportunity and human progress. This agreement enables our two countries to continue working closely together, both on a political level and in the

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Stock Market Trading Tools To Help Beginners Trade Like Pros During The Recession

Stock Market Trading Tools To Help Beginners Trade Like Pros During The Recession

The global stock market has been up and (mostly) down thanks in large part to the ongoing pandemic. To no one’s surprise, this pandemic triggered a global recession with going as far as saying that “It could plunge the world into the worst recessions since World War 2.” Despite the uncertainty, we’ve found that rookie investors have been getting into the market thinking that they could take advantage of the sudden drops in stock prices.

Unfortunately, almost every beginner trader hasn’t done even a fraction of the research needed to make educated trades. Chances are, they’ll end up losing more than they make. We’re going to make sure you won’t end up like them.

After reading this post, you’ll be well-equipped with the proper knowledge in stock trading so you can take advantage of these “new normal” prices for when the market inevitably shoot back up when the economy recovers. With some experience, a few well-placed trades, a bit of luck, you could be looking at a major win that will take you one step closer towards financial freedom.

The basics

Legendary investor Warren Buffett defines investing as “the process of laying out money now to receive more money in the future.” The goal of investing is to put your money to work in one or more types of investment vehicles in the hopes of growing your money over time.

Stock trading is basically investing money you can afford to lose and have that money work for you. Investing your savings or money you know you will need in the near future will greatly affect your discipline and patience — leading to bad decisions. 

With that in mind, let’s walk through other important factors you should keep in mind as an investor to maximize your returns while minimizing your

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Taiwan Stock Market Has Solid Lead For Thursday’s Trade

Taiwan Stock Market Has Solid Lead For Thursday’s Trade

(RTTNews) – The Taiwan stock market had moved higher in six straight sessions, surging more than 500 points or 4 percent along the way. The Taiwan Stock Exchange now rests just beneath the 12,750-point plateau and it’s expected to open in the green again on Thursday.

The global forecast for the Asian markets suggests a higher open on renewed stimulus hopes, although some of the overbought bourses may see profit taking as the day progresses. The European markets were mixed and the U.S. bourses were firmly higher and the Asian markets figure to split the difference.

The TSE finished modestly higher on Wednesday as gains from the technology stocks were limited by weakness from the financials and cement companies.

For the day, the index added 42.14 points or 0.33 percent to finish at 12,746.37 after trading between 12,619.81 and 12,774.36.

Among the actives, Cathay Financial eased 0.13 percent, while CTBC Financial sank 1.08 percent, Fubon Financial dropped 0.84 percent, First Financial slid 0.72 percent, E Sun Financial fell 0.58 percent, Taiwan Semiconductor Manufacturing Company added 0.80 percent, United Microelectronics Corporation soared 4.06 percent, Hon Hai Precision shed 0.51 percent, Catcher Technology climbed 1.13 percent, MediaTek surged 5.20 percent, Formosa Plastic lost 0.49 percent, Asia Cement retreated 1.44 percent, Taiwan Cement was down 0.60 percent and Largan Precision and Mega Financial were unchanged.

The lead from Wall Street is broadly positive as stocks opened higher on Monday and stayed that way throughout the session, offsetting losses from the previous day.

The Dow spiked 530.70 points or 1.91 percent to finish at 28,303.46, while the NASDAQ jumped 210.00 points or 1.88 percent to end at 11,364.60 and the S&P 500 rallied 58.49 points or 1.74 percent to close at 3,419.44.

The rebound on Wall Street comes after President Donald Trump indicated he

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