PMI Surprise Not Enough To Support CNY
Markets sentiment improves following the release of upbeat PMI releases in China for November, in line with positive developments globally that flashed earlier globally. Commodity currencies are on the rise, with the kiwi leading the way resulting from the announcement...
Yen Lower as Markets Cheer China Manufacturing Data
Yen trades broadly lower while Australian and New Zealand Dollars strengthen in Asia. Stock markets are cheering better than expected manufacturing data from China. Nikkei leads the way higher but gains in Hong Kong and Shanghai are limited. Yen is...
EUR/USD At Risk Of Further Declines
Key Highlights EUR/USD extended its decline and retested the 1.0980 support area. A major bearish trend line is forming with resistance near 1.1045 on the 4-hours chart. The Euro Zone CPI increased 1% in Nov 2019 (Prelim) (YoY), better than...
Sideways: Bloomberg’s billion-dollar US election bet
Michael Bloomberg is a dream candidate for executives who would like an alternative to Donald Trump without disruption to business as usual for corporate America. Bloomberg started on Wall Street at Salomon Brothers, built his own data and media empire...
5G broadband is an existential threat to cable companies, but execs and investors aren’t worried
T-Mobile US CEO John Legere testifies before a House Committee on Energy and Commerce Subcommittee hearing in Washington, February 13, 2019. Erin Scott | Reuters For about the last two decades, the cable industry has been fueled by three revenue...
Black Friday shopping at brick-and-mortar stores dropped by 6% as consumers spent record online
Black Friday shoppers wait to purchase goods at a Best Buy store on November 29, 2019 in Emeryville, United States. Black Friday is traditionally the biggest shopping event of the year, and marks the beginning of the holiday shopping season....
Black Friday shoppers spend record $7.4 billion in second largest online sales day ever
A group of Black Friday online shopping purchases photographed in delivery boxes filled with polystyrene packing pellets, taken on September 13, 2019. Future Publishing | Future | Getty Images Black Friday shoppers spent $7.4 billion online, the second largest Internet...
Sterling Jumped on Election and Brexit Hopes, US Stocks Hit Records ahead of Important December
Sterling ended as the strongest one last week as it looks like Conservative is set to have a majority win in the upcoming elections. If materialized, UK is finally heading for an orderly Brexit next January, clearing all uncertainties. On...
Macaskill on markets: Wall Street and the Warren fear factor
It took a heart of stone not to laugh at the sight of grizzled Wall Street veteran Leon Cooperman choking up on cable TV recently as he condemned Warren’s proposal to introduce a wealth tax in the US. When asked...
Week Ahead: OPEC, NFP and Manufacturing PMIs
There is no doubt that the ongoing US-China trade situation will remain the main focal point next week as investors are becoming worried that China may retaliate after US President Donald Trump signed into law a bill backing Hong Kong’s...
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