Forward Guidance: Canada’s November Inflation Data in Focus in Week Ahead
Last month’s year-over-year growth rate in Canadian CPI likely ticked down to 4.5% from 4.7% in October, when it hit a two-decade high. Gas prices have eased from October, but were still up more than 40% from a year ago...
Week Ahead: Nine Major Rate Decisions with Developed Markets Moving Slow
A huge week of central bank rate decisions will tell a diverging story over how developed markets can afford to hold off on rate hiking cycles while emerging markets continue to tighten monetary policy. The main event on Wall Street...
Inflation is hitting the 3 big areas of household budgets
David Paul Morris/Bloomberg via Getty Images Inflation grew at its fastest clip in almost four decades last month — and rising costs are hitting the biggest areas of household budgets. Inflation measures changes in the price consumers pay for goods...
Evergrande slides into default while some ratings agencies keep quiet
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande defaulted this week with hardly a ripple in markets as most institutions remained silent. Late...
Didi is delisting in New York. Here’s what happens if you own a delisted stock
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters Although Didi’s situation is plagued by company-specific factors,...
Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982
Inflation accelerated at its fastest pace since 1982 in November, the Labor Department said Friday, putting pressure on the economic recovery and raising the stakes for the Federal Reserve. The consumer price index, which measures the cost of a wide-ranging...
Stocks making the biggest moves midday: Costco, Oracle, Peloton and more
Shopping carts are lined up in front of a Costco store on February 25, 2021 in Inglewood, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading Friday: Costco — Costco shares rose more than 6%...
Week Ahead – Fed Kicks Off Central Bank Extravaganza
Global markets will enter the holiday season with a bang, as the upcoming week features five central bank decisions and a heavy barrage of data releases. The Fed will get the show rolling. It will decide whether to accelerate the...
Weekly Focus – Team Dovish or Hawkish to Prevail?
The concern about omicron abated over the past week as vaccines were deemed effective against the variant with a booster shock. Preliminary analysis from the European health agency suggests the symptoms are milder than with previous variants. Furthermore, a new...
Dollar Shrugs Strong CPI Reading, Extending Sideway Trading
The multi-decade high in US CPI reading appears to be failing trigger any move in Dollar. The greenback is staying in very tight range in general. Commodity currencies are indeed trying to regain upside momentum. Yen is set to end...
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