Is the buyback surge over? Don’t bet on it
The Wall Street Journal reports Apple has lost nearly $9 billion this year buying back its own stock. Apple is one of those buyback monsters that has spent significant money to buy back their stock, not just this year but...
El-Erian: Criticize the Fed more for how it communicates, and not on monetary policy
The Federal Reserve should be criticized for how it communicates to the market and less so on its monetary policy decisions, closely followed economist Mohamed El-Erian told CNBC on Friday. “I think the Fed should get less criticism as to...
Chinese Manufacturing PMIs to Spread More Gloom at Year-End
PMI gauges out of China will be one of the few highlights in a light economic calendar next week. The NBS manufacturing PMI is released first on Monday at 01:00 GMT, with the Caixin/IHS Markit manufacturing PMI following on Wednesday...
Week ahead – US Employment Report to Kick off the New Year
After a particularly turbulent week that lacked fresh catalysts but not wild price swings, traders will now turn their sights back to more familiar themes, such as economic data releases, and most notably the US jobs report for December. That...
Safe-Haven Assets Gain as 10-Year JGB Yield Declines to Negative Territory
Global equities for the most part are rallying and so are safe-haven currencies. While the European bourses are up between 1.4% and 2.5%, the Nikkei fell 0.3% to 20,0014, its first annual loss since 2012. Negative data in Japan dampened...
Swiss Franc Shows Power ahead of Weekend, Stocks Rebound in Progress
Just ahead of the weekend, Swiss Franc shows broad based power today as it surges across the board. Yen is trading as the second strongest one, but with much weaker momentum. For now, we’re unsure of the exact reason for...
Canadian Dollar Quiet on Lack of Key Releases
USD/CAD has posted small losses in the Friday session, after jumping some 1.6% on Thursday. Currently, the pair is trading at 1.3605, up 0.01% on the day. On the release front, there are no Canadian releases. In the U.S., today’s...
European Dec Inflation Data Softer Compared To Month-Ago Levels
Notes/Observations German State CPI data softer from month-ago levels with bulk of today’s reading below forecasts of the upcoming German Composite Nov CPI data Asia: South Korea Nov Industrial Production M/M: -1.7% v -0.2%e; Y/Y: 0.1% v 1.4%e Japan Nov...
DAX Jumps As U.S Stock Markets Advance
The DAX Index has posted sharp gains in the Friday session, recouping the losses seen on Thursday. Currently, the index is at 10,574, up 1.0 percent on the day. On the release front, Germany will publish Preliminary CPI, a key...
EUR/USD – Euro Gains Continue Ahead Of German Preliminary CPI
EUR/USD has posted gains in the Friday session, after posting considerable gains on Thursday. On the release front, Germany will publish Preliminary CPI, a key gauge of consumer inflation. The indicator slipped to 0.1% in November, but is expected to...
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