Dollar Jumped Broadly on Solid Batch of Economic Data, Coronavirus Fears Receded
Dollar ended last week as the strongest one as markets put China’s coronavius behind. Instead, strong risk sentiments lifted major US indices to new record highs. Friday’s pull back was likely due to pre-weekend profit taking only. Latest batch of...
Weekly Economic and Financial Commentary: A Solid Week To Be Sure, But Keep an Eye on the Details
U.S. Review A Solid Week To Be Sure, But Keep an Eye on the Details U.S. employers added 225K new workers to their payrolls in January, which handily beat expectations. But the factory sector shed jobs for the third time...
The Weekly Bottom Line: Green Shoots Threatened by Viral Outbreak
U.S. Highlights U.S. manufacturing activity expanded in January for the first time since July and the services sector was the strongest since August. The coronavirus outbreak continued to disrupt trade and supply chains, impact financial markets, and force multinational companies...
Canada GDP vs Labour Market Growth Trends Diverging? Again?
The spread of the coronavirus in China has continued to alarm markets abroad, although North American equity markets have largely bounced back after earlier jitters pushed investors to the side-lines. In part that’s because, aside from the go-forward risks of...
Week Ahead: Have We Seen the Top in Coronavirus Cases?
Next week will be a pivotal week in terms of discovering if the rate of increase has topped on the number of newly discovered Coronavirus cases. China’s National Health Commission said that as of Thursday, the total infection number was...
Stock market live Friday: Dow down 270, coronavirus names fall, Uber best day ever
This is a live blog. Check back for updates. 4:01 am: Dow suffers first decline in 5 days, down 270 points The Dow finished the session about 277 points lower, snapping a four-day winning streak. Still, the 30-stock benchmark rose...