Bitcoin Surges After Quiet Few Months
Chinese PMI boost short-lived We appear to be seeing some profit taking on Tuesday, following a strong start to trade on Monday on the back of some encouraging Chinese PMIs. Markets in Europe are mixed, with the FTSE 100 the...
UK Cabinet Meets On Options To Break The Brexit Impasse
Notes/Observations UK Parliament again failed to achieve a parliamentary majority to find a path forward on Brexit; UK cabinet meeting to consider options (including delaying Brexit by months or even fresh elections) Asia: RBA left its Cash Rate unchanged at...
Global trade slowed in the Q4, WTO says; auto tariffs and Brexit are 2019 risks
World trade shrank by 0.3 percent in the fourth quarter of 2018 and is likely to grow by 2.6 percent this year, slower than 3.0 percent growth in 2018 and below a previous forecast of 3.7 percent, the World Trade...
Australian Dollar Tumbles as RBA Signals It’s Ready to Move
Australian Dollar trading broadly lower today after RBA kept interest rate unchanged. While there was no clear dovish shift, the statement suggests that RBA is starting to get ready for a move. Weakness in Aussie takes New Zealand Dollar lower...
RBA Review – Holding Rate On Record Low and Turning More Dovish on Economic Outlook
Unsurprisingly, RBA left the cash rate unchanged at 1.5% for a 29th meeting.While the members acknowledged more downside risks on the economic outlook, they maintained the monetary policy forward guidance unchanged. However, Aussie weakened after the announcement, amidst heightened expectations...
Market Morning Briefing: Euro Has Come Down To Test Immediate Support At 1.12
STOCKS Global equities remain broadly positive with a chance to dip from current levels in the near term before moving further higher. Shanghai looks much stronger among all and could be gearing-up for fresh rally in the coming weeks. Dow...
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...
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