Market Morning Briefing: Pound Fell Sharply From 1.39
STOCKS Corrective dip is seen in Dow and Dax but overall seem to be ranged within the broad 35250-35500 and 15600/15550-16000 range respectively for the near term. Nikkei has risen very sharply today,a further rise towards 30000 is possible in...
ECB Preview: Recalibrating, Not Tapering – But Hawks Will Squawk
The ECB meeting on Thursday next week is set to focus on the PEPP re-calibration andthe inflation outlook. With stable and benign financial market conditions, record lowreal rates and an economy that is recovering well in Q3 as well, the...
Growth Rate Slashed – RBA Should Respond
Following the stubbornly high Victorian case count and the associated decision by the Victorian government to abandon the zero case objective we have reviewed our growth forecasts for the Australian economy. The Growth Numbers Our forecasting process is based around...
Federal unemployment benefits end this weekend for millions of Americans. Many are scared of what comes next
A woman waits in a line outside a temporary unemployment office in Frankfort, Kentucky in June. Bryan Woolston | Reuters Pandemic unemployment benefits The federal government expanded the safety net for the jobless to a historic degree last year, when...
Dollar Weakness to Stay after Substantial Setback in Job Recovery
Dollar was under pressure most of the week and selling accelerated again after the big disappointment in employment data. The non-farm payroll report could show that job market recovery had made a “substantial setback” rather than “substantial further progress”. A...
Weekly Economic & Financial Commentary: Supply Problem Derails August Jobs Report
Summary United States: Supply Problem Derails August Jobs Report The 235K jobs added in August was about half a million jobs short of expectations. For financial markets, which were hanging on every indication of the labor market as a clue...
The Weekly Bottom Line: Blame it on Delta
U.S. Highlights U.S. job growth slowed to 253k in August, well below market expectations for a 720k print. But the report also had plenty of bright spots. The jobless rate fell to 5.2% from 5.4%, while wage growth accelerated to...
Week Ahead: Central Banks Galore and More Jobs Data!
There are a host of central bank meeting this week to focus on, including the RBA on Tuesday, the BOC on Wednesday, and the ECB on Thursday! After the markets got slapped in the face by Non-Farm Payrolls, traders and...
Big Miss to NFP, Will it Keep the Fed on Hold?
The Non-Farm Payroll headline print for August was unexpected to say the least. The US economy added just 235,000 jobs to the economy vs 750,000 expected. The July revision from 943,000 to 1,053,000 was hardly a consolation given the large...
Didi jumps nearly 10% this week amid report of Chinese government taking it over
Budrul Chukrut | LightRocket | Getty Images Shares of Didi posted near double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubled ride-hailing giant under state control by acquiring a stake...
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