Longer-term rise in risk is the key problem for US investors
‘The broader question is whether the severity will ultimately lie closer to 2008 or the 1929 Great Depression’ The US risk score declined in Euromoney’s country risk survey in Q1 2020, although it has the potential to improve with the...
There are ‘pretty high’ risks of the U.S. economy backtracking, Moody’s economist warns
The U.S. economy, which has shown signs of recovering, could see its prospects turn given the intensifying spread of Covid-19 in the country and a lack of additional support measures, said Mark Zandi, chief economist of Moody’s Analytics. The International...
Dollar Remains the Weakest While US Stocks Could Make New Record High
Dollar’s decline is slowing a little bit in Asian session but there is no sign of a turnaround. The greenback remains the worst performing one for the week, followed by Yen, on strong risk-on markets. Australian Dollar is the strongest...
Gold: Rebound On Its Way
On Thursday, spot gold jumped 2.5% to a more than one-month high, as the ICE Dollar Index dropped for a third straight session. Investors expect that even if Joe Biden won the election, a large scale of stimulus package is...
Fed Discussed Options to Adjust QE, More Details Probably Out Next Month
As widely anticipated, the Fed left the policy rate unchanged at 0-0.25% and asset purchases at US$120B per month. The decisions were made unanimously. The members acknowledged that economic recovery remained under way. Yet, they warned of the downside risks...
All-star investor Rich Bernstein sees ‘a very bearish sign for the economy and corporate profits’
Institutional Investor Hall of Famer Richard Bernstein sees troublesome activity within the market surge. His problem: Big Tech is the main driver. “Narrow leadership is an end-of-cycle event,” the Richard Bernstein Advisors CEO and CIO told CNBC’s “Trading Nation” on Thursday....
Job growth expected to have slowed in October, as rehirings drop off, layoffs increase
A construction worker wearing a mask carries a steel beam as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 11, 2020 in New York City. Alexi Rosenfeld | Getty Images...
Fed holds interest rates steady near zero, says economy is still well below pre-pandemic levels
The Federal Reserve held short-term borrowing rates near zero in a decision Thursday that characterized the economy as growing but not near where it was before the coronavirus pandemic hit. As markets widely expected, the Fed kept its benchmark interest...
NFP Preview: Jobs Momentum Slowing as COVID Accelerates
Background While the American public remains enamored with a Presidential election that just doesn’t seem to end, the rest of the financial and economic world continues to turn. In addition to the Federal Reserve’s monetary policy meeting later today, the...
Gold Gears up Within 1,900 Area; Bullish But Overbought
Gold switched to green on Thursday, speeding up within the 1,900 area, which barely could touch in the previous day. The precious metal is currently close to breaching the bar around 1,930, though the bulls seem to be running out...
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