Trump and Xi, Trade Deal and Hong Kong
Market sentiments turned generally more cautious last week on renewed uncertainties over US-China trade negotiations. Yen ended as the strongest one on weakness in stocks and treasury yields. New Zealand Dollar was the second strongest, extending prior week’s rebound. Dollar...
Cashless Kingdom: Saudi approves new e-wallet operator
The facilitation of digital payments in Saudi Arabia is one of several projects overseen by the Saudi Arabian Monetary Authority (SAMA), which aims to achieve the Kingdom’s vision of a cashless society and to promote innovation in the financial sector....
This year’s calendar shortchanges retailers this holiday shopping season
Shoppers pack an aisle during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky. John Minchillo | AP (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign...
Investors are left to wonder if the stock market rally is resting or rolling over
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) This month has become a sideways “slowvember” slide in recent weeks, with stocks remarkably steady near record...
Scraping the Bottom
Executive Summary Although the Eurozone economy has picked up in recent weeks, there are still signs that growth remains weak. In our view, the economy needs to show more concrete signs of stabilization before we call the “all clear” on...
Weekly Economic and Financial Commentary: Steady for Now
U.S. Review Steady for Now Minutes from the October FOMC meeting indicated the Fed is content to remain on the sidelines for the rest of this year as the looser financial conditions resulting from rate cuts at three consecutive meetings...
China Weekly Letter: Phase One Deal Hinges on Tariff Cuts by the ‘Tariff Man’
US-China phase one deal challenged by Trump’s reluctance to roll back tariffs and US demand for big Chinese agricultural purchases Economic data is mixed but we still look for a moderate rebound in activity China launches new plan to boost...
The Weekly Bottom Line: Bank of Canada Still on the Sidelines
U.S. Highlights Stocks were volatile this week amid signs that U.S.-China trade talks may be stalling. Cautious optimism briefly returned on Friday on news that the Chinese president was calling for the two sides to “strengthen communication”. The housing data...
USD/CHF Signaling Risk On
Today is Friday. As we have seen in recent weeks, US President Trump likes talk on the US-China “deal in progress” on Fridays. Today was no different, as Trump earlier said that the China trade deal is coming along very...
Markets may get a boost from cheery Black Friday consumer sentiment, seasonal strength
Santa Claus waves to the crowd during the Macy’s Thanksgiving Day Parade in New York City. Getty Images It’s Thanksgiving time, and investors’ thoughts turn to holiday shopping and a year end Santa rally in the stock market. Some analysts...
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