Euro Flexes Muscle after ECB, Staging Broad-Based Bullish Reversal?
It was a week a surprises. While BoE delivered that a 25bps hike, four of the nine MPC members have indeed voted for a 50bps raise. However, there was no follow through buying as BoE indicated only “modest” tightening would...
Weekly Economic & Financial Commentary: Omicron Not Enough to Crash the Payroll Party
Summary United States: Omicron Not Enough to Crash the Payroll Party This week ushered in a broad range of economic indicators that covered everything from supply chains to the housing market, but needless to say it was the labor market...
The Weekly Bottom Line: The U.S. Economy Endures Omicron
U.S. Highlights This week provided the first glance at the economic impact of Omicron, which seems relatively benign compared to previous outbreaks. The poster child of this week is employment, which pulled off an Olympic medal’s worth performance, adding 467k...
Another Elevated US Inflation Reading in the Cards Next Week
Canada should show a pullback in the merchandise trade balance to a smaller surplus, with both exports and imports ticking lower following a November surge. A drop in oil prices on early concerns about the economic impact of Omicron will...
Stocks making the biggest moves midday: Amazon, Snap, Ford, Clorox and more
The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Check out the companies making headlines in midday trading. Amazon — Shares of Amazon popped 13.5% following a stellar quarterly report. The company...