Macaskill on markets: Deutsche Bank’s lessons for SoftBank
His former employer has never recovered from the excesses of the era, when a group of derivatives experts built a trading business that eventually proved to have serious long-term risk-management flaws. The day after its recent stress-test failure in late...
Business inventories rise; sales gain biggest in eight months
U.S. business inventories rose steadily in May and sales recorded their biggest increase in eight months, government data showed on Monday. The Commerce Department said business inventories increased 0.4 percent after an unrevised 0.3 percent gain in April. May’s rise...
Euro Lifted as EU Made Progress With China, Dollar Soft after Retail Sales
Dollar remains generally weak in early US session despite a mild lift from retail sales data. While the greenback and Japanese yen are competing as the weakest one, Canadian Dollar joins the race as WTI crude oil drips below 70...
US sales and employment are likely to grow, a survey of economists shows
Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. But a majority of the economists surveyed by the National Association for Business Economics say the corporate tax...
Markets Weighed Down Slightly by Soft China Data, Dollar and Yen Dip Lower
Asian markets are weighed down slightly by a batch of soft economic data from China, but loss is limited so far. At the time of writing, China Shanghai SSE is down -0.47% and stays above 2800 key level throughout the...
Europeans are giving Trump a defiant runaround on trade and security
As a presidential candidate, Donald Trump began telling the Europeans in 2015 that they had to: (a) cut their systematic and excessive trade surpluses with the U.S., (b) eliminate discriminatory trade rules and practices to open up markets for American...
Here’s what the DOJ needs to happen to win its appeal against AT&T
The Department of Justice has not given up: It’s still trying to block AT&T’s acquisition of Time Warner (now named Warner Media). And it probably dooms Comcast’s chances of buying Fox. For Comcast it doesn’t really matter that the only...
Dollar Not Ready to Resume Up Trend Yet, Risk Appetite to Continue
Yen and Swiss Franc ended as the weakest ones last week as global stock markets ended higher. There were some jitters in risk sentiments after US announced to move on with tariffs on additional USD 200B in China imports, which...
Weekly Economic and Financial Commentary: Price Pressures Still Building
U.S. Review Price Pressures Still Building In the midst of tighter labor markets and backlogged supply chains, inflation continued its upward climb in June. Tariff implementation adds upside risk to inflation. Producer prices for final demand rose 0.3 percent last...
The Weekly Bottom Line: Tariffs Make Fed’s Job Tougher
U.S. Highlights For the second week in a row, action on Chinese import tariffs dominated the economic news, but markets remained positive overall, likely reflecting relief that oil prices have come off their recent highs. Since China retaliated to the...
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