Euro-Zone’s M3 Money Supply Advanced More-Than-Estimated In December
For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.1427. On the macro front, the Euro-zone’s M3 money supply climbed 4.1% on a yearly basis in December, higher than market consensus for...
British Pound Trading Marginally Higher In The Asian Session
For the 24 hours to 23:00 GMT, the GBP declined 0.33% against the USD and closed at 1.3150, ahead of series of significant Brexit votes in the parliament. In the Asian session, at GMT0400, the pair is trading at 1.3151,...
Sterling Soft as Brexit Votes Awaited, Yen Shrugs Mild Risk Aversion
The forex markets remain rather quiet today so far. The selloff in stocks and oil overnight triggered some pull back in Canadian and Australian Dollars, but losses were limited. Similar, Yen was given just a mild pop while it’s unmoved...
China wants to boost loans to small businesses. Tech companies may be the answer
China’s push to encourage lending to smaller companies has created a business opportunity for large financial technology companies. As Beijing struggles to balance a crackdown on high debt levels with maintaining growth, President Xi Jinping and Premier Li Keqiang have...
Vienna bourse targets SMEs to boost Austrian equity market participation
The Vienna Stock Exchange has launched a new segment for small and medium-sized businesses in a bid to boost capital markets participation by Austrian companies. “The initiative is very similar to other European SME markets,” says Christoph Boschan, head of the...
PG&E rallies after investors offer it a $4 billion alternative plan to avoid Chapter 11
PG&E shares rose sharply Monday after Bloomberg News reported that an investor group has offered the company a $4 billion alternative plan that would help the embattled utility avoid bankruptcy. Bloomberg also reported that activist hedge fund Elliott Management is...
USD/JPY Consolidating in the Calm Before the US-China Talk and FOMC Storm
For once, the weekend brought little in the way market-moving economic developments, and with Australian traders out on holiday, the FX market has seen a quiet start to the week. However, this proverbial “calm before the storm” is unlikely to...
Japanese Yen Edges Higher as Japanese Inflation Within Expectations
USD/JPY has started the week with slight gains. In Monday’s North American session, the pair is trading at 109.28, down 0.25% on the day. On the release front, the Bank of Japan released the minutes of the December policy meeting....
Canada Filling China-U.S. Trade War Gaps? Don’t Count On It
Highlights U.S.-China trade tensions remain elevated, and we continue to march towards the March 1st deadline for agreement before a U.S.-threatened broadening of tariff measures (and likely Chinese response). It is tempting to see these tensions as an opportunity for...
The shutdown cost the economy $11 billion – including a permanent $3 billion loss, government says
The federal government shutdown cost the economy $11 billion, according to a new analysis from the nonpartisan Congressional Budget Office, reflecting lost output from federal workers, delayed government spending and reduced demand. The report, which was released Monday, estimated a...
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