Fed’s Bostic says new virus hasn’t changed his outlook
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters China’s virus outbreak has prompted traders to begin...
Slight Improvement Sentiment, As Iowa Results Are Delayed
Market movers today The data calendar is pretty thin in terms of economic releases today. In Denmark, Danmarks Nationalbank (DN) is set to publish FX reserves data for January today at 17:00 CET. See details at the bottom of the...
RBA Left Cash Rate at 0.75%. Less Dovish on Growth Despite Headwinds
RBA left the cash rate unchanged at 0.75%. To our surprise, policymakers appeared more upbeat on the economic outlook than we had anticipated. While acknowledging uncertainty to growth mainly driven by bushfires and China’s coronavirus, the members adopt a wait-and-see...
Aussie Recovers as RBA Gives No Hint of Imminent Rate Cut
Australian Dollar recovers broadly today after RBA stands pat. More importantly, the central bank gives no hint of an imminent rate cut in the accompanying statement. It actually sounds quite comfortable with the current policy. Markets are relatively mixed elsewhere....
Stocks making the biggest moves after hours: Alphabet, Hartford, PG&E and more
Sundar Pichai, chief executive officer of Google Michael Short | Bloomberg | Getty Images Check out the companies making headlines after the bell: Alphabet – Google parent company Alphabet’s shares slid 4% after hours despite beating earnings estimates for the...
Will the Coronavirus Infect the RBA’s Policy?
The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday at 03:30 GMT, and markets assign only a 25% chance for a rate cut. While the aussie could spike up if policy is indeed kept unchanged, any...
WTI Oil Outlook: Bears Pressure Key $50 Level But Final Break Might be Delayed for Consolidation
WTI oil remains in red and extends to new six-month low ($50.66) on Monday, increasing pressure on psychological $50 level. The sentiment remains extremely weak on persisting concerns about strong negative impact on global oil demand on spreading China virus....
Markets: Coronavirus boosts contrarians
It didn’t take long for Nouriel Roubini, the economist known as Dr Doom, to warn that the stock market selloff in late February was a signal of much worse to come, as he ranked the coronavirus among the “white swans”...
US manufacturing activity rebounds in January
Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019. Tom Brenner | Reuters U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new...
Coronavirus is cost and opportunity for Asia’s banks
Across Asia, banks are rolling over loans, helping with repayments, and working hard to get deals done: anything to help struggling clients deal with the growing threat from the coronavirus Covid-19. In Singapore, UOB is allocating S$3 billion ($2.14 billion) to...
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