Stocks Closed at Records as Delta Worries Receded, Dollar Index Holding On to Weak Rally
It has been a very volatile week as risk markets were initial knocked down by fear of the infectious delta variant. But sentiment made an about-turn then, even with US indexes closing at record highs. Still, despite late recovery, Australian...
Week Ahead: FOMC, Earnings, and Q2 GDP to move markets
The European Central Bank meeting on Thursday was basically a rehash of the Strategic Review: No change in monetary policy, no change in PEPP, and a statement wording change to reflect a “symmetrical 2%” rather than “Close to, but below...
Week Ahead – Fed and Earnings Eyed
Major week for US markets All eyes on the US next week as the Fed meets and we head into peak earnings season. The central bank will discuss its exit strategy from emergency era stimulus and investors will be looking...
The rapid growth the U.S. economy has seen is about to hit a wall
A National Park Service worker replaces a flag at the Washington Monument which reopened today following a six month closure due to COVID-19 safety measures, in Washington U.S., July 14, 2021. Kevin Lemarque | Reuter The U.S. economy is expected...
Yellen urges Congress to raise or suspend the debt limit by Aug. 2
Treasury Secretary Janet Yellen on Friday warned Congress that her department will need to embark on “extraordinary measures” on Aug. 2 to prevent the U.S. government from defaulting if lawmakers are unable to strike a deal to raise or extend...