Jobless claims, Uber earnings, Twitter also reports: 3 things to watch for Thursday
Dara Khosrowshahi, CEO of Uber, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan,. 22nd, 2020. Adam Galici | CNBC Here are the most important things to know about Thursday before you hit...
Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years
Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed mortgage application volume up 5% for the week to the highest level since 2013, according to the Mortgage Bankers Association’s seasonally adjusted index....
Dollar Index Extends Advance on Risk Appetite/Upbeat US Private Jobs Data
The greenback surged to new two-month high against the basket of major currencies on Wednesday, driven by fresh risk appetite on talks about possible cure for coronavirus and upbeat US private sector jobs data (ADP Jan 291K vs 156K f/c...
US services sector growth picks up in January
Lead waitress Rhonda Abdullah serving the Taylor’s, James and Voncia of Aurora their lunch at the Welton Street Cafe that will turn 20 this year, the last-standing soul food restaurant in the Five Points neighborhood in Denver, Colorado on June...
Nonfarm Payrolls: Could First Report of 2020 Send the Dollar Higher?
The most followed US economic release, the Non-farm payroll report, is coming out this Friday at 13:30 GMT and the data will be closely watched as this will be the first print of the new year but also of the...
Private payrolls soar in January, the best monthly gain in nearly 5 years
The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. That was well above the 150,000 estimate from...
A Fed rate cut in 2020 is now on the table as coronavirus spreads, economist says
Central banks to the rescue? As coronavirus spreads, market participants are trying to assess whether global central banks will make a concerted effort to stem the damage in their respective economies by leveraging monetary policy tools. The People’s Bank of...
US trade deficit shrinks in 2019 for first time in six years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending...
Dollar Surges on Strong ADP Employment, But Aussie Even Stronger
Dollar rises broadly in early US session after strong ADP employment data. But it’s outshone by both Australian Dollar and Sterling. The Aussie is apparently helped by return of risk appetite as well as an RBA’s governor that’s comfortable with...
Virus Optimism, Safe-Havens Unwind, Oil Finds its Bottom, LATAM Rebounds
US futures and European stocks gained and Treasuries tanked as virus optimism ran wild on reports that a key breakthrough was made in the search for a coronavirus cure. Markets are still primarily focused on the coronavirus and today’s news...