Nikkei Shone in Global Stock Rally, Sterling Tumbled on Brexit Uncertainty
Vaccine optimism pushed global stocks higher last week, with Nikkei completing the most impressive rally. Commodity currencies ended generally higher as led by New Zealand Dollar. Yen and Dollar ended as the worst performing ones. Though, no key levels were...
Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’
Bill Clark | CQ-Roll Call, Inc. | Getty Images “If we are going to get another round of stimulus, I can’t imagine that won’t be included in it,” said Michael Strain, director of economic policy studies at right-leaning think tank...
The Weekly Bottom Line: Pandemic Dampens Holiday Cheer
U.S. Highlights Financial markets were more upbeat this week as investors cheered encouraging vaccine news and the start of the presidential transition. The S&P 500 is on track to end the week with a 2.3% gain from last week’s close....
Week Ahead: Biden to Begin Transition, Coronavirus, Brexit (Again)
In a short week for the US, there were several headlines to keep everyone on their toes. Joe Biden selected former Fed Chairman Janet Yellen as his pick for Treasury Secretary, the US Dow Jones Index rose above 30,000 for...
Forward Guidance: Government Support to Soften Blow of Job Losses
Optimism about the effectiveness of COVID-19 vaccines has brightened the outlook for the economy in 2021. This is true even as escalating virus case counts and the re-imposition of containment measures take their toll on Canadian’s health and the economy...
Week Ahead – We Go Again
A busy end to a chaotic year December may normally be associated with everything slowing down as we ease our way into the festive period but as with everything else in 2020, this is no normal December. Donald Trump is...