ECB Preview – More Stimulus to Come in December as Recovery Loses Momentum
Economic data released since the September signaled that the recovery might have lost momentum. This is a worrying signs as renewed lockdown measures in light of the second wave are expected to damage the recovery further. As a preparatory meeting...
Dollar Recovers Mildly as Markets Await BoC, BoJ, ECB and GDPs
Dollar recovers mildly in relatively quiet markets today while Aussie and Euro turn softer. But major pairs and crosses are generally keep well inside Friday’s range, suggesting limited movements so far. Three central banks will meet this week including BoC,...
Asia Morning: U.S. Stocks Lack Significant Momentum
On Friday, U.S. stocks closed mixed. The Dow Jones Industrial Average dipped 28 points (-0.10%) to 28335, while the S&P 500 added 11 points (+0.34%) to 3465, and the Nasdaq 100 was up 29 points (+0.25%) to 11692. Dow Jones...
China’s top leaders meet this week to plan for the next five years. Here’s what to expect
People wearing masks pass by portraits of Chinese President Xi Jinping and late Chinese chairman Mao Zedong as the country is hit by an outbreak of the novel coronavirus, on a street in Shanghai, China February 10, 2020. Aly Song...
Euro Strong as Funds Flow Out of American Assets, But Technical Pictures Mixed
Funds were flowing out of US assets last week as Dollar ended as the worst performing major currency. Treasury yields surged as bonds tumbled while stocks gyrated lower. But the movements were not decisive enough yet as the greenback still...
BOC Preview – Staying Cautious about the Uneven Recovery
BOC will likely leave the policy rate unchanged at 0.25% next week’s meeting. After surprising unwinding of some operations last week, the rest of easing measures put in place since March should remain unchanged. Inter-meeting data flow shows that economic...
China Economic Update and Outlook
Executive Summary China continues to lead the world in the containment of COVID as new confirmed cases are minimal. This apparent success can likely be attributed to early lockdown protocols, significant testing and other healthcare procedures designed to mitigate the...
Weekly Economic and Financial Commentary: The Recovery Will Likely Prove Resilient
U.S. Review All Things Housing Appear to Be On a Roll A recent strong report from the National Association of Homebuilders set the tone for another round of strong housing data. The NAHB index rose two points to a record...
The Weekly Bottom Line: Housing Market Remains A Bright Spot
U.S. Highlights Covid-19 infections continued to rise this week, nearing record highs set in July. Concerns regarding this trend weighed on markets, but progress on a new stimulus package helped improve the mood later in the week. Positive housing reports...
Forward Guidance: Canada’s Economic Recovery Slowing ahead of COVID Resurgence
Expect next week’s GDP data to confirm that the uneven Canadian recovery continued in August. Our forecast suggests the economy grew by 0.7% (roughly in line with Statistics Canada’s 1% preliminary estimate), a slowdown from July’s 3.0% increase and June’s...
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