Weekly Focus: Political Uncertainty Here to Stay
Market movers ahead In Norway, Q2 GDP growth data is due out on Thursday. The print will reveal whether or not a slowdown has been under way in Norway. Next week, we get preliminary PMIs in Europe, the US and...
Loonie Rallies Hard on Inflation Data
Canadian headline inflation this morning beat market expectations and printed a seven-year high last month, while the measure of core-inflation remained relatively stable. Canada’s CPI rose +3.0% y/y, following a +2.5% rise in June. Market expectations were looking for a...
Canadian July CPI Jumps Significantly Higher
Highlights: The July CPI rose 0.5% in the month, which compared to expectations of a 0.1% increase. The year-over-year rate jumped to 3.0% rather than holding steady at the June rate of 2.5%. About one-half the upward surprise in the...
Tesla stock has its worst day in two years after Elon Musk’s off-kilter interview with the NYT
Shares of Tesla had their worst day in two years Friday after a New York Times feature outlined some serious struggles for CEO Elon Musk. The electric car maker’s stock closed 8.9 percent lower, its poorest performance since June of...
Tesla shares are getting slammed after Elon Musk’s off-kilter interview with the NYT
Shares of Tesla tumbled as much as 8.9 percent Friday after a New York Times feature outlined some serious struggles for CEO Elon Musk. The electric car maker’s stock was on pace for its worst day since March 27, when...
Your first trade for Friday, August 177
The “Fast Money” traders shared their first moves for the market open. Brian Kelly was a buyer of the iShares 20+ Year Treasury Bond Karen Finerman was a buyer of Macy’s David Seaburg was a buyer of Nvidia Dan Nathan...
Canadian Dollar Surges on Strong Inflation, Yen Strong on Risk Aversion
Canadian Dollar makes a massive strike back as boosted by very strong inflation reading. The Loonie is now trading as the biggest gainer for today. While Yen’s no.1 place is taken, it’s staying the second strongest as supported by risk...
Wall Street still loves Nvidia despite warning about cryptocurrency revenue
Analysts are optimistic about Nvidia’s growth due to a new product cycle even as a key market falters. Nvidia shares closed down 4.9 percent Friday, a day after it reported better-than-expected fiscal second-quarter earnings on Thursday. The company gave sales...
Euro Steady As Eurozone CPI Meets Expectations
EUR/USD is showing little movement in the Friday session. Currently, the pair is trading at 1.1382, up 0.07% on the day. In economic news, Eurozone Final CPI improved to 2.1%, matching the estimate. The eurozone current account surplus widened to...
White House’s Kudlow says China looks ‘terrible.’ Numbers paint a murkier picture
White House economic advisor Larry Kudlow says China’s economy looks “terrible,” and that investment there is “collapsing.” But the data show a more complicated picture. “I’m not a China expert, although I’m boning up as fast as I can, I...
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