July producer prices were flat, signaling tame inflation
U.S. producer prices were unchanged in July for the first time in seven months as a modest increase in the cost of goods was offset by a drop in services, but underlying producer inflation continued to push higher. The Labor...
Jobless claims fell, despite ongoing trade tensions
The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market weather ongoing trade tensions between the United States and a host of other countries. Initial claims for state...
Hot August For Currency Markets
This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes, this time result in increased volatility. So far we have seen this in...
Currency Majors Showed Mixed Results
During yesterday’s trading, the US dollar fell slightly against the basket of major currencies. As the Office of the US Trade Representative reported, the US authorities would impose a 25% duty on the import of Chinese goods to the United...
New Zealand Dollar Dives after Dovish RBNZ, Sterling Stays Weak
New Zealand Dollar is clearly the biggest loser today after more dovish than expected RBNZ rate decision. Sterling is following as the second weakest, continues to be weighed down by no-deal Brexit worries. On the other hand, Canadian Dollar is...
European stocks lower as US-China trade row escalates; Adidas soars 9%
European stocks fell Thursday morning amid a deepening U.S.-China trade dispute and a flurry of corporate earnings. The pan-European Stoxx 600 was off by 0.3 percent with almost every sector in the red. Oil and gas stocks were among the...
RBNZ Delays Timing for Rate Change and Inflation to Reach +2%, Kiwi Slumps
RBNZ’s August statement comes in more dovish than we had anticipated. While leaving the OCR unchanged at 1.75%, the members pushed backward expectations for the next interest rate adjustment. Moreover, they pushed back the timing for inflation to reach the...
Ex-NYSE president: If Musk doesn’t have funding, that undermines confidence in the market
CEO Elon Musk has done a big disservice to investors if he actually does not have certain funding to take Tesla private, said Tom Farley, former president of the New York Stock Exchange. “It’s incumbent upon Elon Musk to actually...
Benefits of virtual accounts are unclear, says ACT director
Banks say virtual accounts can improve corporate cash management, giving a much clearer view of company accounts and helping treasury play a more strategic role within organisations. But corporate treasurers themselves may be confused about the benefits they offer, and...
Tesla still hasn’t said where its secured financing is coming from — here’s what that probably means
“Funding secured.” Those two words, tweeted by Tesla CEO Elon Musk, sent investors into a frenzy Tuesday. Who has promised Musk tens of billions of dollars to take his cash-burning company private? tweet Twenty-four hours after Musk’s first tweet, Tesla...
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