FOMC, Government Reopen, US-China Trade Talks & NFP ahead for Dollar
Dollar ended last week as the weakest one after deep selloff before weekly close. A whole lot of events are scheduled ahead to keep the greenback busy. Those include FOMC rate decision, US-China trade talk, non-farm payrolls. Also, the partial...
China Weekly Letter: Trade Talks Enter Crucial Stage
Trade talks enter crucial stage – our base case is still deal by end-Q2 GDP growth slows – but construction and infrastructure provide support Xi Jinping warns of rising risks at seminar for top officials Liu He heading big delegation...
Weekly Economic and Financial Commentary: Economic Growth Cooling Off in Europe, China
U.S. Review Home Sales End 2018 on a Low Note Data for durable goods orders and new home sales during the month of December were postponed as a result of the continued partial government shutdown. Existing home sales fell 6.4%...
The Weekly Bottom Line: Markets Up Despite Lack of Good News on the Economy
U.S. Highlights Global equity markets are up on the week, despite some negative economic news, and continued dysfunction in Washington. The ECB characterized the economic risks as to the downside, and will be more cautious removing stimulus. Amidst the U.S....
Africa: Access bites big and fast with Diamond
It’s a deal that few saw coming – or in any case not as fast as it did. The planned merger of Nigeria’s Access and Diamond banks, announced late last year, could be transformative for the country’s banking sector. The...
Dollar Falls Ahead of Busy Week in Markets
The US dollar is weaker across the board on Friday after President Trump reached a deal to reopen the Federal government. Washington will continue to operate amidst political uncertainty at the discussed agreement is only until February 15 when a...
Apple, Microsoft and Amazon could drive the market in the next wave of earnings
The earnings season is about to get a lot more interesting with about a quarter of the S&P 500, nearly half of the Dow Jones Industrials and three of the four biggest companies in the world reporting in the week...
Life in a shutdown: How New York’s IPO bankers are learning to love limbo
This is an extended version of a story originally published on January 24. These are quiet times at the US Securities and Exchange Commission. Since the shutdown of the country’s government began on December 22, the SEC, like other government...
CEOs step up help for government workers, raise pressure on Washington to end impasse
Companies are stepping up their relief efforts for the 800,000 federal workers who have just marked their second missed paycheck. J.P. Morgan Chase, the largest U.S. bank by assets, said Friday that it would donate $1 million to charities to...
Head of the group that calls recessions says the government shutdown won’t cause one
The government shutdown, which entered Day 35 on Friday, won’t cause an economic recession, because it began so close to the start of the first quarter of 2019, said James Poterba, president of the National Bureau of Economic Research, which...
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