BOC Preview – Expects Upgrades on Economic Forecasts and More Optimistic Forward Guidance
We expect the BOC to trim its asset purchases to CAD3B/week, from CAD4B/week previously. The reduction is likely driven by lower issuance by the Treasury. It will, however, leave the overnight rate at the effective lower bound of 0.25%. We...
Major Asian bank says it’s not practical to cut off clients with coal exposure in the short term
SINGAPORE — Singapore’s largest bank DBS Group Holdings said it’s not practical to cut off clients with coal exposure in the short term. DBS on Friday announced that it aims to eliminate thermal coal exposure by 2039. To get there,...
Pull Back in Treasury Yields Boosted Stocks to New Record, Dollar Set Up for More Downside
Dollar tumbled broadly again as falling treasury yield pushed US and German stocks to new record highs. Near term trend in the greenback should have reversed, but it’s unsure whether it’s ready for medium term down trend resumption yet. At...
Week Ahead: Geopolitical Tensions Resurface, ECB, BOC, and NFLX Report
The next hint of market direction may come from somewhere unexpected Last week the headlines were about continued economic strength on re-openings in richer countries and increasing coronavirus cases in poorer countries. Geo-political tensions also resurfaced. Russia and the US...
Recent Economic Data Shows it’s the US Consumer vs the Fed
The University of Michigan conducts a poll twice a month on consumer sentiment, which includes both a current sentiment and an expectations sentiment. The Preliminary numbers are released in the middle of the month and the final results are released...
Week Ahead: Bank of Canada to Reduce Purchases; Global Economic Recovery to Pickup
The global economic recovery is gaining momentum as the world’s two largest economies continue to deliver robust economic readings. China’s economy grew 18.3% in the first quarter, a record rate that sets the example of what we can expect as...
New $3,000 child tax credit payments set to start in July. Here’s what to know
MoMo Productions Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in...
Robinhood and Coinbase top Apple App Store
Coinbase is a popular option for buying bitcoin and other cryptocurrencies. Todd Haselton | CNBC Watch out social media, finance apps are becoming a more popular form of entertainment on people’s phones. Trading platforms Robinhood and Coinbase grabbed the top...
Weekly Economic & Financial Commentary: More Evidence of Economic Recovery
U.S. Review More Evidence of Economic Recovery Data released this week continue to show that the economic recovery is gaining momentum. The much anticipated consumer boom has arrived, helped by an influx of stimulus in March, and industrial production rebounded...
Stocks making the biggest moves midday: Simon Property, Cisco, Sunrun & more
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sunrun — The solar stock popped 10% after Simmons Energy, a...
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