The Weekly Bottom Line: Economic Growth Resumes in Q3
U.S. Highlights Financial markets tumbled this week as worsening coronavirus caseloads fueled concerns about the global economic outlook. The S&P 500 is on track to end the week 6% below last week’s close. The American economy rebounded sharply in the...
Forward Guidance: October Canadian Job Report to Show Early Impact of Virus Resurgence
We expect the pace of job growth in Canada slowed to 50k in October after a stronger-than-expected 378k increase in September. Virus containment measures were reintroduced in Ontario, Quebec and other regions, and although much less stringent than in the...
Week Ahead: US Elections are Finally Here!
The major polls have Joe Biden in the lead by various amounts, but Wall Street remembers! After months of waiting (some people have been waiting years), the US Presidential Election will take place this Tuesday. The major polls have Joe...
The Fed could face more pressure to act: ‘They don’t have the luxury of time anymore’
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images With inflation still elusive and a host of questions surrounding an economy that just set a...
Fed lowers minimum loan level for small business lending program
The Federal Reserve has lowered the barriers on its lending program for smaller businesses as part of an effort to broaden the appeal of the sparsely used facility. In another pair of tweaks to its Main Street Lending Program, the...
Stocks making the biggest moves midday: Twitter, Facebook, Apple, Amazon & more
Check out the companies making headlines in midday trading. Twitter – Shares dropped more than 20% after the social media company reported user growth that fell short of expectations amid heightened scrutiny and the challenge of handling posts around the U.S....
Week Ahead – US Election, Three Central Banks, and Nonfarm Payrolls
It is probably the busiest week ever for markets. The US presidential election will eclipse everything else, but there are several other crucial events like a Fed meeting and nonfarm payrolls to follow the main dish. The Bank of England...
Will US Dollar Reverse After Month End? DXY, Gold
Today is the last trading day in October, and the US Dollar has been bought over the last few day into month end, which may conclude after the London fix (11:00am ET). What happens then? Will the US Dollar reverse...
Traders Calm ahead of Pre-Election Weekend, Dollar Pares Gains
Investors are rather calm just ahead of the pre-election weekend. European indices quickly pare back initial losses, while DOW future is down not as much before open. Dollar is also giving up some of this week’s gains, despite pretty solid...
U.S Futures Sliding – Watch AAPL, AMZN, FB, GOOGL, TWTR
The S&P 500 Futures are back in the red after they rebounded yesterday as investors were encouraged to see more signs in U.S. economic recovery. Later today, the U.S. Commerce Department will report September personal spending (+1.0% on month expected)...
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