The Weekly Bottom Line: Markets Keep Calm and Carry on…For Now
U.S. Highlights After a dour start to the week, U.S. equities rebounded as they discounted news of a broadening global manufacturing slump. On net, the data this week suggested that the U.S. economy remains healthy, but warnings signals are still...
Dollar Retreats After Jobs Miss and Higher Risk Appetite
The US dollar is lower against major pairs on Friday after the U.S. non farm payrolls (NFP) came in lower than expected by 30,000 jobs. The final data point was 130,000, while not raising alarms as it still points to...
Powell’s Reiterates Commitment to Sustain Expansion; At Least Two More Cuts Still Expected in 2019
Fed Chair Powell’s speech in Zurich triggered a dollar rebound that also saw gold erase all of its nonfarm payroll gains. His speech will be the last comments we hear from him as we enter the blackout period for the...
Dow Stalls after Strong Week
The market could use more momentum on approach to July highs The Dow Jones Industrial Average continues to deepen its underperformance relative to the other U.S. blue-chip indices, even as Wall Street shares lose some of the optimistic momentum seen...
Stocks look to reclaim their all-time highs in the week ahead
Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease. The S&P 500 is about 1.6% from an intraday record reached on...
August jobs miss expectations — Cramer and other experts on what this means
It was a softer August than anticipated. The U.S. economy added 130,000 jobs in August, according to the nonfarm payrolls report released Friday, less than the 150,000 estimated. The unemployment rate held at 3.7%. CNBC’s Jim Cramer and four other...
Fed chief Powell says trade policy is weighing on investment decisions
Federal Reserve Chairman Jerome Powell said Friday that the trade war between China and the U.S. is weighing down companies’ investment decisions. “I think it is the case that uncertainty around trade policy is causing some companies to hold back...
Powell says the Fed is not forecasting or expecting a recession
Federal Reserve Chairman Jerome Powell said Friday the central bank’s pivot this year to lower interest rates has helped sustain U.S. economic growth. Speaking during a forum in Zurich, the central bank leader gave mostly positive reviews to where the...
USD/CAD Outlook: Loonie Advances Strongly on Upbeat Canada’s and Mixed US Jobs Data
Canadian dollar rose to five-week high against US dollar, boosted by upbeat Canada’s jobs data which showed 81.1K new jobs created in Aug vs 18.9K forecast and negative figure in July (-24.4). Mixed US jobs data, as NFP fell below...
ECB Research: Enough Talking, Now is the Time for Action
We expect the long-awaited ECB meeting on 12 September to set the scene for months and potentially quarters to come. The question is not if the ECB will announce new initiatives but how much it will deliver. We expect the...