Day: January 8, 2022
Dollar Failing to Ride on Hawkish Fed and Surging Yields
It was a roller coaster ride as traders came back for the new year. Markets were in full risk-on mode as worries over Omicron faded. Yet, sentiment turned after more hawkish than expected FOMC minutes. Major stock indexes were than in deep pull back. Major global benchmark treasury yields powered through key resistance level. In …
Dollar Failing to Ride on Hawkish Fed and Surging YieldsRead More
Weekly Economic & Financial Commentary: Strong Momentum Prior to Omicron, Despite December’s Soft Payroll Print
Summary United States: Strong Momentum Prior to Omicron, Despite December’s Soft Payroll Print The Fed’s more hawkish tone in December’s FOMC minutes set the tone for financial markets this week, overshadowing the record surge in COVID infections. December’s jobs data were disappointing and a bit confusing. Nonfarm employment rose far less that expected, with employers …
The Weekly Bottom Line: Supply Chain Strains Show Signs of Easing
U.S. Highlights The U.S. economy kicked off the New Year with an unprecedented surge in COVID-19 cases. While a return to lockdowns is not expected, rising cases could lead to greater absenteeism, as workers self-isolate due to exposure, putting pressure on already-tight labor supply. On the upside, several metrics suggests that the supply chain bottlenecks …
The Weekly Bottom Line: Supply Chain Strains Show Signs of EasingRead More
Forward Guidance: Omicron Spread to Pause Canada’s Economic Recovery
A quiet economic calendar for Canada next week will keep the focus on virus developments. Provincial governments have re-introduced measures to slow virus spread, including mandated closures of high-contact services like restaurant dining rooms and gyms in Ontario and Quebec. We expect businesses within the travel and hospitality sectors to continue to bear the brunt …
Forward Guidance: Omicron Spread to Pause Canada’s Economic RecoveryRead More
Stocks making the biggest moves midday: Discovery, GameStop, T-Mobile and more
These are the stocks posting the largest moves in midday trading.
GameStop shares surge as much as 20% after news it plans to launch an NFT marketplace
A person wearing a protective mask exits from a GameStop Corp. store at a mall in San Diego, California, on Thursday, April 22, 2021. Bing Guan | Bloomberg | Getty Images GameStop shares jumped on Friday after news that the video game retailer is planning to create a marketplace for nonfungible tokens, or NFTs. The speculative …
GameStop shares surge as much as 20% after news it plans to launch an NFT marketplaceRead More
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
