Key reading of the manufacturing sector falls to lowest level in more than 2 years
Activity in the U.S. manufacturing sector expanded at a much slower pace than expected last month, according to the Institute for Supply Management. The ISM manufacturing index fell to 54.1 in December, its lowest level since November 2016. Economists polled...
Dollar Weighed Down by Dovish Fed Comments, Canadian Lifted by Oil Rebound
Dollar received no support from better than expected ADP employment data. Instead, it’s weighed down by dovish comments from a Fed official. The greenback is trading as the second weakest for today in early US session. It’s just slightly better...
MSCI China reweighting a big deal – but not that big
“Emerging markets may never be the same.” Say what you like about MSCI, but the index provider clearly believes in its own importance. Those words form part of MSCI’s announcement on Friday that it will increase the weight of Chinese...
LatAm country risk analysts agitated over prospects, but region is diverse
The different faces of Latin America – an improving average regional risk rating belies the exceptional cases of Argentina and Venezuela Latin America’s average risk score improved in 2018 as its constituent economies grew. Yet the gap in average risk...
Bankers weigh in on JPM’s new digital coin
JPMorgan got hearts racing on Valentine’s Day, when it announced that it will be the first American bank to roll out its own digital coin. The coin, which will be 1:1 redeemable to fiat currency held by JPM, will be...
It’s more than just the trade war. Apple’s China business has been under pressure for a while
Apple CEO Tim Cook partially blamed a slowdown in China when he cut guidance for the smartphone-maker — but the company’s troubles in the world’s second-largest economy began even before trade tensions escalated. China has been Apple’s “headache” for the...
Yen in Driving Seat after Currency Flash Crash, Australian Dollar Suffers
Yen is trading as the strongest one for today after what many described as “currency crash”. Key levels in many Yen crosses were breached. or even broken. In particular, USD/JPY just hold on to 2017 low at 104.62 after hitting...
Currencies In Apparent Flash Crash As Risk Sours
USD/JPY collapses to 10-month low Thin markets and a scramble to cover positions or seek safe havens meant risk-focused currencies tumbled early in the Asian trading session today. USD/JPY collapsed more than three big figures in a matter of minutes,...
Oil Continues To Rise As OPEC Output Falls Most In 2 Years
Oil is having a positive start to the year as OPEC appears to be delivering on their pledge of production cuts. Earlier in Asia, crude prices were heavy as disappointing data from China confirmed weakness in the second largest economy...
Investors are officially panicking, Citigroup says
Stock-market investors entered panic mode after the wild ride to end 2018, meaning it might be a good time to buy equities, according to Tobias Levkovich, chief U.S. equity strategist at Citigroup. Citigroup’s Panic/Euphoria model hit panic levels after a...
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