Fed Vice Chair Clarida says it’s still too soon to tell on coronavirus, but will ‘respond accordingly’
Federal Reserve officials see the coronavirus as a significant threat to growth, but the extent of that is not known yet, Vice Chairman Richard Clarida said Tuesday. Stocks have sold off aggressively on fear that the COVID-9 virus will slow...
Consumer confidence rises less than expected in February
Consumer confidence rose less than expected in February as people’s assessment of current conditions wavered, data released Tuesday by The Conference Board showed. The consumer confidence index came in at 130.7, up from 130.4 in January. Economists polled by Dow...
Australian Q4 Capex to Rise but Unlikely to Arrest Aussie’s Decline
Quarterly data on construction (Wednesday, 0030 GMT) and capital expenditure (Thursday, 0030 GMT) are awaited in Australia this week and should provide some indication as to what to expect from Q4 GDP numbers due next week. It’s likely capital spending...
XAU/USD Outlook: Pullback from New 7-Year High So Far Limited as Strong Fears of Coronavirus Pandemic Persist
Spot gold price dipped on Tuesday after steep, week-long rally hit new 7-year high but showed initial signs of stall on Monday’s daily candle with very long upper shadow, formed after strong upside rejection on approach to psychological $1700 barrier....
Markets in Digestion Mode, Awaiting Next Coronavirus Development
Global financial markets turned mixed today, digesting yesterday’s steep selloff. Investors are holding their bets again, awaiting next development regarding global outbreak of China’s Wuhan coronavirus. There is no sign of a sustainable recovery European stocks, but US futures point...
Home prices increase 3.8% in December, a big jump from November, according to S&P Case-Shiller
A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images The housing market heated up at the end of 2019, and that was reflected in growing gains in home...
The Implications of the Phase One Trade Deal for the U.S., China and the Globe
Highlights The Phase One trade deal marks a détente in the U.S.-China trade war, rolling back tariff rates, reducing the risk of further tariff escalation and alleviating a major source of policy uncertainty. A key part of the deal is...
AUD/USD Outlook: Fading Risk Appetite Signals An End Of Brief Recovery And Shifts Focus Lower
Recovery attempts from new 11-year low (0.6583) were so far mild, as today’s action is back to red on fading signals of renewed risk appetite. Fresh optimism on comments of possible vaccine for coronavirus and brief easing of US dollar...
Bitcoin seduces institutional investors as coronavirus spreads
In Asia and Europe, stock markets were selling off at the start of the last week in February, after a rise in reported cases of coronavirus in Korea, Italy and Iran. Investors fled to classic risk-off trades, with the yield...
Market Morning Briefing: US Dollar Index Has Dipped From Levels Above 99.50
STOCKS Blood bath across the global equities as the fear of corona virus spreading outside China is jolting the market sentiment. All major indices have tumbled and are under pressure. However, on the charts the indices are coming closer to...