US firms doing business in China now vulnerable after Huawei arrest: Former US trade advisor
There’s a good chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, former assistant U.S. trade representative Jeff Moon told CNBC on Thursday. Meng was arrested on Saturday in Canada...
Investor fears about recession seem ‘overdone,’ IMF’s Christine Lagarde says
Investor fears about an economic slowdown helped fuel Thursday’s drastic stock market sell-off. But the IMF’s Christine Lagarde said based on growth numbers, she doesn’t see cause for alarm. “I don’t see the elements of a recession in short order,”...
Fed’s Bostic says interest rates are ‘within shouting distance of neutral’
Atlanta Fed President Raphael Bostic said the the central bank may not have to go much further with interest rates to achieve a proper balance between slowing and overheating. Addressing the key concept of where a “neutral” rate is for...
NFP Jobs Report Expected to be Solid but Fed May Need Something Stronger
The last time US nonfarm payrolls were released, investors turned more positive that the Fed would raise interest rates at least twice next year as wages recorded their largest increase in 9 ½ -years and employment growth bounced back. This time,...
Canadian Jobs Numbers Up Next as Loonie Awaits OPEC Outcome
Canada’s latest employment figures will hit the markets on Friday, at 1330 GMT. Forecasts and gauges of the labor market point to another solid report, which may help the loonie recover some of its latest losses. In the bigger picture...
Elliott Wave Analysis: USDCAD Slowing for A Correction; More Gains in View
USDCAD unfolded a five-wave rally within wave three as part of an unfolding bullish impulse. This five-wave rally in three can be an indication of where the trend is likely going, and we expect it to slow down, and make...
AUDJPY Declines Sharply, Short-Term Bias Back to Negative
AUDJPY posted hefty losses after rising to a five-month peak of 83.90 in early December, falling back below its 200-day simple moving average (SMA) to find support near its 50-day SMA. The pair is now trading at a one-month low,...
Dollar Slightly Lower on Job Data Miss, But Risk Aversion Still the Main Theme.
Dollar softens mildly against European majors in early US session after weaker than expected job data. But risk aversion remains the overall theme of the market. Australian Dollar stays the weakest one, followed by Canadian and New Zealand Dollar. WTI...
Apple shares fall after UBS sees weakest ‘purchase intent’ for iPhone in five years
Shares of Apple fell on Thursday after two analysts cut the tech giant’s price target on weak iPhone demand going forward. Purchase intention for iPhone “was down across the board” and most significantly in the U.S. and China, UBS analysts...
Payroll growth slows in November as labor market tightens
Companies slowed the pace of job creation in November as the labor market indicated more signs of tightening, according to a report Thursday from ADP and Moody’s Analytics. Private payrolls increased by 179,000, below the 195,000 growth expected by a...
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