Weak Chinese Data Sent Asian Stocks and Aussie Lower
Asian stocks are under pressure today as weaker than expected data from China prompted growth worries. New Zealand and Australian Dollar are trading as the weakest ones for today. Sterling follows as the third weakest as UK Prime Minister Theresa...
ECB’s Reinvestment of QE Proceeds Would Well- Pass First Rate Hike. Growth Outlook Downgraded
ECB made a much of announcement at the December meeting. Yet, most of them had been widely anticipated by the market. What we want was confirmation. The members formally indicated that the asset purchase program (QE) would end by this...
Mexican banks lose some of their lustre
Mexico’s banks are facing a harder 2019 than they were expecting just a couple of months ago as the fallout from recent decisions from the country’s new president is digested by the markets. Since Andrés Manuel López Obrador (often called...
JP Morgan faces potential class action lawsuit after guilty pleas by a former metals trader
Traders from across the U.S. are banding together to accuse J. P. Morgan Chase of manipulating precious metals markets for years. At least six lawsuits, all making similar allegations against the nation’s largest bank, have been filed in New York...
US Retail Sales in Focus as Fed Meeting Comes into View
The US will see the release of its latest retail sales figures on Friday, at 1330 GMT. This will be the final tier-one data set ahead of the Fed’s highly anticipated meeting next week, so it may prove especially important...
Radical plans to address bond investors’ liquidity fears
Amid rising bond-market volatility, frequent borrowers are finally considering how they can contribute to greater liquidity, ease investors’ long-standing fears of being trapped in losing positions as bond prices gap down and avoid paying an illiquidity premium for new issues....
Aussie Looks to Key Chinese Data as Trade Talks Remain in the Spotlight
China’s latest industrial production, retail sales, and fixed asset investment figures will hit the markets early on Friday, at 0200 GMT. Forecasts point to an acceleration in the latter two, which may alleviate some worries around a slowdown in economic...
UK 100 Stock Index Gains Momentum after Touching 2-Year Low
UK 100 stock index (FTSE 100) has rebounded somewhat after falling to two-year low of 6670 on December 6 and momentum indicators now suggest that the market sentiment might get better as the RSI is moving higher in the negative...
Euro Turns Slightly Softer as ECB Lowers 2019 Growth and Inflation Forecasts, Increasingly Cautious
It’s a relatively calm day today despite all the high profile events. At the time of writing, Euro is trading as the weakest one after ECB delivered a dovish shift as expected. In short, 2019 growth and inflation forecasts are...
This is the one chart the Fed must watch right now, veteran economic forecaster says
A veteran economic forecaster is worried the Federal Reserve and Wall Street are looking at inflation all wrong. According to Economic Cycle Research Institute co-founder Lakshman Achuthan, they’re largely missing a critical economic trend that shows inflation is in a...
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