Aussie CPI Soft But Moving Into Target Range
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Currencies: Turmp-Juncker Meeting To Decide On Next EUR/USD Move
Rates: Core bond sell-off grinds to a halt The two-day core bond sell-off grinded to a halt yesterday with the Bund even recording small gains. Today’s eco calendar is thin with only German Ifo while the Juncker/Trump meeting is a...
Wall Street bull says a near-term pullback is coming
The economy is booming, but one of Wall Street’s biggest bulls says a near-term pullback is coming. “History shows that, when the rate of change for the S&P is where it recently got to on this bump up, you have...
‘A storm is brewing’ in the US economy, says economist Diane Swonk
Even if there isn’t a full-blown trade war, the uncertainty surrounding tariffs can hurt the U.S. economy, economist Diane Swonk told CNBC on Tuesday. The tariffs, along with a strengthening dollar and rising rates, all undermine the competitiveness of manufacturers...
Under the hood of UBS’s Q2 results
Analysts liked the look of UBS’s Q2 numbers this morning, giving CEO Sergio Ermotti a fairly comfortable time in their question-and-answer session. And with good reason – the bank beat expectations, with higher deposit margins and lending counteracting net new...
After-hours buzz: IRBT, T & more
Check out the companies making headlines after the bell: Shares of iRobot soared nearly 20 percent in after-hours trading. The technology company crushed analysts’ earnings expectations for its second quarter, posting 37 cents per share versus the 18 cents that...
Leon Cooperman on why Alphabet is the ‘biggest position’ in his hedge fund
Leon Cooperman, chairman and CEO of Omega Advisors, loves Google-parent Alphabet as an investment. Alphabet “is my biggest position,” Cooperman said Tuesday on CNBC’s “Halftime Report.” The company’s “growth is very impressive relative to the valuation … It is very...
Australian Inflation Data Next on the Docket for the Aussie
Australia’s quarterly inflation data for Q2 will be released on Wednesday, at 0130 GMT. Forecasts point to an overall lackluster report, expected to show an energy-driven pickup in the headline rate but an otherwise subdued picture for underlying inflation, which...
Trade war bailout: Trump to offer $12 billion in emergency aid for farmers hurt by tariffs
The Trump administration plans to offer up to $12 billion in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump’s escalating trade war in key electoral states, Secretary of...
Ahead of big GDP report, Trump says US has ‘best financial numbers on the planet’
With the release of second-quarter growth numbers just three days away, President Donald Trump is enthusiastic about growth, to say the least. While not mentioning the upcoming gross domestic product report from the Bureau of Economic Analysis, Trump indicated in...
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