Amazon, derided as a ‘job killer,’ actually boosts local employment and business, Morgan Stanley says
Amazon has a reputation for disrupting just about everything in its path. But it also brings massive benefits to labor markets where it sets up shop, according to new analysis from Morgan Stanley. Negativity around “the Amazon effect” drove Morgan...
Bank earnings exgraphaganza: Thiam thinks Credit Suisse is an outlier – is it?
We’ve reached the end of the results season, so are the Europeans making any headway at all against their US cousins? Well, it’s certainly not all bad news. Credit Suisse chief executive Tidjane Thiam, for instance, was able to pluck...
ECB to End QE But Support Still Needed
The European Central Bank will hold its last policy meeting for the year on Thursday at 1245 GMT and consensus is for policymakers to keep interest rates steady and terminate the quantitative easing program as promised. The Bank will also...
Technical View: GBP/USD’s Chart May Be Uglier Than Brexit Infighting
Over the last couple of days, we’ve covered the drama surrounding the vote on Theresa May’s Brexit bill, from last week’s resignation threats, to rumors of its cancellation, to confirmation of its cancellation. With May presently in Brussels negotiating with...
Japanese Yen Shrugs off Soft Manufacturing Data
The Japanese yen is almost unchanged in the Tuesday session, after posting considerable gains on Wednesday. In North American trade, USD/JPY is trading at 113.26, down 0.02% on the day. On the release front, Japanese manufacturing data disappointed. In the...
Risk Appetite Come Back as China Mulls Auto Tariff Cuts, Trump Hints on Important Announcements
Risk appetite has a strong come back today on progress in US-China trade negotiations. It’s reported that China is considering to response to Trump’s request and cut auto tariffs down from 40% to 15%. Trump also tweeted that there were...
Blame Washington for painful sell-offs not economic problems, Wall Street bull Rich Bernstein says
Institutional Investor hall of famer Richard Bernstein is attributing the turbulent market swings on skittishness surrounding D.C. Beltway policies — not something critically wrong with economy. According to Bernstein, stocks should be reflecting a healthy economy right now instead of...
DAX Surges on Renewed Optimism over U.S-China Talks
The DAX index has recorded sharp gains in the Tuesday session. Currently, the index is at 10,834, up 1.02% on the day. In economic news, both German and Eurozone ZEW Economic Sentiment both improved in December, but still posted sharp...
EUR/USD – Euro Gains Ground Despite Weak German Confidence Report
EUR/USD is slightly higher in the Tuesday session, erasing the losses seen on Monday. Currently, the pair is trading at 1.1396, up 0.36% on the day. On the release front, both German and Eurozone ZEW Economic Sentiment both improved in...
AUD/USD Outlook: Bounce After Steep Fall Needs Confirmation On Break Above Important Barriers
The Australian dollar bounced above daily cloud after Monday’s inverted Hammer candle signaled stall of steep five-day downtrend. Fresh recovery was also boosted by US/China talks hopes, with oversold daily slow stochastic adding on expectations for stronger upside action. The...
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