Trump trade tactics sabotaging the economy and markets, Stephen Roach warns
Wall Street could be making a costly mistake. According to economist and Yale University senior fellow Stephen Roach, the markets are underestimating the impact from the trade war with China. “The market just thinks this is typical Donald Trump bluster,...
Fed’s banking supervisor backs new interest rate benchmark
The Federal Reserve’s banking supervisor gave his backing Thursday to a new interest rate benchmark for institutions to use when lending to each other. Fed Governor Randal Quarles, vice chairman for supervision, said banks can use the central bank’s Secured...
Leading indicators up slightly more than expected in June
The Conference Board’s Leading Economic Index increased half a percent in June, beating expectations. The index rose 0.5 percent in June, edging past expectations for a gain of 0.4 percent, according to economists polled by Reuters. This marks the eight...
Dollar Surges as Trade War Takes Back the Stage, Pushed Further by Stellar Job Data
Dollar is trading as the strongest one today as trade spat intensifies again. For whatever reasons, the greenback has been supported by intensifying trade tension between US and other countries. Further buying is seen in Dollar in early US session...
FCA looks at stable door after Mifid has bolted
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Published on: Wednesday, July 18, 2018 Unbundling probe will confirm Mifid II distortions. The UK’s Financial Conduct Authority’s (FCA) review of the impact on research is too early...
The EU is making a retaliation list to strike back if the US hits European cars with tariffs
The European Union is making a list of goods it could target as a way to retaliate against potential tariffs on European cars, an EU official said Thursday. “If the U.S. would impose these car tariffs, that would be very...
Biggest threat to markets and economy is a Democrat win in November, Trump advisor Hassett says
The main thing that could derail markets and the economy would be a Democrat takeover of Congress, White House economic advisor Kevin Hassett said Thursday. With GDP expected to grow about 4 percent in the second quarter and stocks on...
Swiss Franc Trading A Tad Higher In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 0.9988. In the Asian session, at GMT0300, the pair is trading at 0.9989, with the USD trading marginally higher against the CHF from...
Loonie Trading Slightly Higher In The Morning Session
For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CAD and closed at 1.3169. In the Asian session, at GMT0300, the pair is trading at 1.3167, with the USD trading a tad lower against the CAD...
Aussie Surges after Strong Employment Data, Focus Turns to UK Retail Sales
Australian Dollar jumps broadly today after much stronger than expected job data. But upside against Dollar is capped so far. After all, RBA is clear that it’s next move is likely a hike, yet there is no strong case for...
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