Sterling in Free Fall as No-Deal Brexit Could Become Reality… Soon
Sterling was in free fall last week after both UK and EU admitted that a no-deal Brexit is more likely than not. Negotiation deadline was ended to end of Sunday. Euro and Dollar, followed as the next weakest and focus...
Weekly Economic and Financial Commentary: Winter Is Here
U.S. Review Winter Is Here Emergency authorization of the Pfizer-BioNTech COVID vaccine appears imminent, but the virus is running rampant across the United States today, pointing to a grim winter. Despite continued negotiations, additional COVID-relief remains elusive (see topic of...
The Weekly Bottom Line: Economic Progress Shows Signs of Waning
U.S. Highlights The S&P 500 edged lower this week on the back up in weekly jobless claims and sentiment that negotiations over the additional relief package have come to a standstill. On the economic front, besides jobless claims, optimism among...
Forward Guidance: Deluge of Data to Foreshadow Second Wave Blow to GDP Growth
A torrent of data next week will likely confirm that the Canadian economy grew – albeit at a slower pace – in October. But that was before a wave of new virus containment measures delivered a sharp sting to the...
Week Ahead: A New Brexit Deadline, Coronavirus, Central Banks, and Economic Data
Things are not looking so hot for a Brexit trade deal. Although the UK’s Boris Johnson and EC President Ursula von der Leyen met for dinner on Sunday night, hopes are slim that the two sides can reach an agreement...
Tesla to replace Apartment Investment and Management in the S&P 500
Tesla will replace Apartment Investment and Management Co. in the S&P 500 when the electric vehicle company joins the index before trading begins on Dec. 21, S&P Dow Jones Indices said Friday. Tesla will also be added to the S&P...
USD Index Outlook: Dollar Edges Higher on Fresh Risk Aversion over Brexit Fears, US Stimulus Delay
The dollar regained traction on Friday as rising Brexit worries and signs of further delays of new US fiscal stimulus soured sentiment and prompted traders into safety. The greenback remains in a downtrend since March and hit the lowest since...
Week Ahead – Fed Could Under-Deliver as Others to Sit Out; Flash PMIs May Test Market Optimism
Markets will go into high gear in the coming week as a jam-packed schedule looks sure to inject plenty of excitement before traders disappear for the festive period. The Federal Reserve will be headlining the week as speculation is rife...
Weekly Focus: EU Paves Way for Stimulus as Vaccine Campaign Kicks Off
It has been another busy week in the EU. It removed a key obstacle to adopting its new budget for 2021-27 and its recovery fund, next generation EU. The breakthrough came as Poland and Hungary agreed to lift the veto on...
Almost 40% of Americans plan to spend less this holiday season as the Covid pandemic lingers
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest...
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