Trade Uncertainty Hits Dollar’s Confidence
The US dollar fell against major pairs on Friday despite a strong June jobs report due to the impending start of tariffs against Chinese goods and the retaliation from the Asian nation on US exports. The US economy added 213,000...
Tariffs create uncertainty in the automotive industry, says former Toyota exec
The Trump administration’s tariffs might hurt the car and truck industry more than help, auto industry veteran Jim Press told CNBC. “The reality is that tariffs normally don’t go away once they’re enacted,” Jim Press said on “Closing Bell” Friday....
Where investors should hide out during a trade war
Those seeking protection against an intensifying trade war between the United States and its economic allies should buy shares of domestic, consumer-facing companies, according to investors. Utilities — classic defensive plays with domestic-only markets — could also benefit if this...
Red states will lose the most in trade war with China: Citigroup
States won by President Donald Trump in the 2016 election stand to lose the most as a trade war between the U.S. and China kicks off, according to Citigroup research. The U.S. officially implemented tariffs on $34 billion worth of...
Week Ahead – Loonie Eyes BoC Rate Hike; UK Starts Publishing Monthly GDP
A policy meeting by the Bank of Canada looks set to be the most exciting item on next week’s calendar as it will be a somewhat muted five days for economic indicators. US inflation will be the data highlight but...
Look Ahead: US CPI, BOC and ECB Minutes
The mixed-bag US jobs report on Friday caused the dollar to weaken further, allowing the likes of the EUR/USD and AUD/USD to push higher, while buck-denominated gold also got a boost. The USD/CAD meanwhile was hit with a double whammy...
Australia & New Zealand Weekly: Falling Power Bills & Moderating Housing Costs are Holding Back Inflation
Week beginning 9 July 2018 Falling power bills & moderating housing costs are holding back inflation. Australia: Westpac-MI consumer sentiment, housing finance, NAB business survey. NZ: retail card spending, REINZ house prices. China: CPI, trade balance, credit data. Europe: Sentix...
If Not Raising Wages, Then What?
How Employers Are Addressing Hiring Difficulties Stubbornly slow wage growth has been one of the most lamented aspects of the current expansion. The historically weak pace of wage gains comes despite a tight labor market, as indicated by most employment...
Jobs, Wages and the Participation Rate: Fed Full Speed Ahead
June job gains came in at 213,000. Maintaining the momentum of the tight labor market, wages were up 2.7 percent and the unemployment rate rose to 4.0 percent. Fed to raise rates in September. Job Gains Broad-Based with June Jobs...
Winklevoss cryptocurrency exchange nabs NYSE’s tech chief
Gemini Trust, the cryptocurrency exchange founded by brothers Tyler and Cameron Winklevoss, named NYSE’s top technology executive to be its first chief technology officer, another sign the wild west digital currency sector is moving more mainstream. Robert Cornish was NYSE’s...
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