Lyft just had a lousy day but that’s its own problem, not the stock market’s
Lyft may have launched with a frothy stock price in a not so frothy stock market. The ride share company’s freshly minted stock, after an initial surge, fell below its offer price on its second day of trading Monday, a...
U.S. Manufacturing Activity Accelerates in March
The Institute for Supply Management (ISM) manufacturing index improved by 1.1 points to 55.3 in March. This is a better outturn than the consensus view of a roughly flat print. Three of the five subcomponents that comprise the headline index...
MARKET WRAP: European Markets Closed On A Strong Note
Despite the weak economic data out of Europe, traders pushed the European markets higher. Stocks The S&P 500 Index jumped 0.79 percent as of 16:00 London time, while the Nasdaq Composite Index rose 0.86 percent and the Dow Jones Industrial Average increased 0.9 percent....
Manufacturing activity rebounds in March, construction spending hits 9-month high in February
U.S. manufacturing activity rebounded a bit more than expected in March, according to an industry report released on Monday, as production, new orders and hiring all picked up. The Institute for Supply Management (ISM) said its index of national factory...
WTI Oil Outlook: WTI Hits New 2019 High, Supported by Supply Concerns
WTI oil price advances further on Monday and on track to mark eventual break above two-week congestion, after last Friday’s spike to $60.71 proved to be false break. Tighter oil market on OPEC+ production cut and sanctions on Iran and...
US Retail Sales Disappointment Raises Doubts on Optimism from Chinese Data
Global markets are generally in risk-on mode today as recession fears eased mildly after improvement in Chinese manufacturing data. While sentiments remain generally positive in early US session, there is a slight bit of cautiousness after disappointment retail sales from...
Trump advisor Hassett attributes rise in retirement savings optimism to strong economy and market
A top economic advisor to President Donald Trump told CNBC on Monday he was “stunned” to hear Americans are feeling more optimistic about saving for retirement. Kevin Hassett, chairman of the Council of Economic Advisers, was responding to a CNBC...
Canadian Dollar Steady, US Durables Next
The Canadian dollar has started the week with slight gains. Currently, the pair is trading at 1.3365, up 0.14% on the day. On the release front, Canada releases manufacturing PMI, which has slowed for three straight months. Will we see...
DAX Jumps after Chinese Manufacturing PMI Improves
European equity markets have started the week with strong gains, and the German DAX is up 1.13% in Monday trade. Currently, the DAX is trading at 11.652, up 1.1% on the day. In economic news, German and eurozone manufacturing PMIs...
Impact investing: The mindless mantra – ‘doing well by doing good’
On the recommendation of a few people in the impact investment community I am reading ‘Winners take all: The elite charade of changing the world’, and although I’m only a third of the way through, I’m already reeling. By next...
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