Stimulus checks, unemployment benefits lift 1.6 million Americans out of poverty
A woman walks past tents for the homeless lining a street in Los Angeles, Calif. on Feb. 1, 2021. FREDERIC J. BROWN | AFP | Getty Images More than one million Americans were lifted out of poverty in January as...
Swiss Franc Sold Off Again as Stocks Rebound, Yields Turned Mixed
Swiss Franc is in deep selloff again today as risk sentiment further stabilized in the markets. European indices rebound broadly while US futures point to higher open. Global bond markets also turned mixed for now. Euro and Yen are following...
Can the RBA Shoot the Aussie Down?
The Reserve Bank of Australia (RBA) will conclude its March policy meeting at 01:30 GMT Tuesday. The domestic economy is doing well and commodity prices have soared, but the RBA won’t be happy about the recent surge in bond yields...
GOLD Breaks Pattern
The yellow metal’s price has broken the descending wedge pattern and almost immediately dropped to the 1,720.00 level. However, afterwards a recovery started and on Monday morning, the price was once again located near the 1,760.00 level. In the near...
Markets Stabilize in Tight Range, Employment and Prices Data in Focus
Commodity currencies and Sterling recover broadly as sentiments in Asian markets stabilized, after mixed economic data. In particular, Nikkei is trading up over 2% at the time of writing, with help from strong PMI manufacturing. On the other hand, Yen...
RBA Preview – Assessing Impacts of Rising Yields on Economy after Unexpected Increase in Bond Buying
At tomorrow’s meeting, the RBA should leave all monetary measures unchanged. The cash rate, 3-year yield target and the rate on the TFF program will stay unchanged at 0.1%. The QE program will likely remain intact as the central bank...
China’s aging population is a bigger challenge than its ‘one-child’ policy, economists say
A medical worker takes care of a newborn baby lying inside an incubator at Jingzhou Maternity & Child Healthcare Hospital on the eve of Chinese New Year, the Year of the Ox, on Feb. 11, 2021 in Jingzhou, Hubei Province...
Covid relief bill may trigger $36 billion cut to Medicare, higher student loan fees
Bill Clark | CQ-Roll Call, Inc. | Getty Images A Covid relief bill backed by Democrats could trigger billions of dollars in cuts to Medicare and other federal programs, like ones that support unemployed workers and student-loan borrowers, if it’s...
Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year during which the billionaire investor shied away from game-changing acquisitions in a pricey market even after a sudden market cash...
A Wild Week of Metals, Yields, Stocks and Dollar
Just after DOW hit new record high in the middle of last week, the rally was choked by skyrocketing treasury yields. Dollar surprisingly ended as the strongest one for the week, followed by Euro and then Sterling. Australian Dollar suffered...
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