Markets Turned into Consolidation, With Conflicting Signals
Markets, including stocks, gold and currencies, were generally bounded in consolidative mode last week. News regarding coronavirus vaccines failed to give sentiments another boost. Instead, investors are waiting for fresh inspirations. Dollar ended as the worst performing one, but stayed...
Boom times have returned for venture-backed start-ups, says co-founder of $3 billion fintech Brex
Henrique Dubugras, founder and chief executive office of Brex Inc., speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. David Paul Morris | Bloomberg | Getty Images The coronavirus pandemic should’ve meant disaster...
Weekly Economic and Financial Commentary: Uneven and Uncertain Global Economic Recovery
U.S. Review House Party Soaring confidence among homebuilders, a pace of residential construction activity that topped expectations and existing homes selling at the fastest pace in 14 years were the highlights of a week in which housing data dominated the...
The Weekly Bottom Line: It’s Always Darkest Before the Dawn
U.S. Highlights COVID-19 concerns took center stage again this week as cases surged to new daily records. This overshadowed optimism on vaccine progress and mostly positive economic data, with U.S. equity markets trending modestly lower as a result. Retail sales...
Forward Guidance: Early Signs of COVID Damage in Europe to be Closely Watched in Canada
We’ll get some early indications of how re-imposed virus containment measures are affecting Europe with the release of advance PMI survey data next week. The resurgence of COVID 19 there, and re-introduction of more significant restrictions on businesses and individuals,...
Week Ahead: US Thanksgiving and Another Brexit Deadline
Traditionally, Thanksgiving week in the US tends to be more on the quiet side. With the holiday on Thursday and a half day on Friday, many people take some or all of the week off. However, as we have seen...
Canadian Retail Sales Impressive, but It Doesn’t Matter: USD/CAD, WTI
Canada Retails Sales released earlier were the economic highlight of the day for the North American trading session, and the data was impressive! Retail Sales rose 1.1% vs an expectation of 0.2% and a previous number of 0.5%! Ex-Autos, the...
Week Ahead – Let the Battles Commence
Focus back on fiscal response It appears we’re moving seemlessly from one major risk to another at the moment in the markets. The election is still technically live, Covid is spreading like wild fire and battles are commencing in Washington...
Stocks making the biggest moves midday: Zoom, Nikola, FireEye, Intuit & more
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped 6.1% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this...