Weekly Economic and Financial Commentary: A Glimpse of the Rebound that Might Have Been
U.S. Review A Glimpse of the Rebound that Might Have Been Two countervailing themes competed for attention this week in financial markets. The first is that for the most part, economic data continue to surprise to the upside and do...
The Weekly Bottom Line: BoC and Feds Reaffirm Continued Support
U.S. Highlights Despite the continued surge in new infections in the U.S., financial markets were on the upswing this week on positive economic data and encouraging news on a vaccine. Internationally, the Chinese economy resumed growing in the second quarter....
Forward Guidance: Household Spending Recovery Picking Up Speed, For Now…
The bounce-back in household spending to-date continues to look significantly stronger than expected. Canadian home resales jumped 15% above year ago levels in June — a far cry from the 57% year-over-year plunge in April when a full month of...
Week Ahead – Focus Remains on Virus Spread, Fiscal Stimulus, Rebounding Data, and Earnings
Key Economic Events Saturday, July 18th Monday, July 20th – advertisement – Brexit talks resume in London US Sec of State Pompeo meets UK PM Johnson and Foreign Sec Raab 21:30 ET China to keep 1-and-5 year loan prime rates...
All Eyes on the EUR/USD
The US Dollar was bearish against most of its major pairs on Friday with the exception of the CAD. On the economic data front, Housing Starts rose to 1,186K on month in June (1,190K expected), from a revised 1,011K in...
Sustainable finance: The financial sector must build D&I momentum
Events of the last few months, from the pandemic to protests ignited by the killing of George Floyd in the US, have thrust racial, ethnic and gender inequality into the spotlight. Financial institutions are rethinking their approach to diversity and...
Without big Wall Street trading arms, regional banks lean on mortgages and fees to beat earnings
A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020. Wang Ying | Xinhua News Agency | Getty Images Several banks reported surprisingly strong second-quarter results during the opening week of earnings...
Cliff Notes: US and China, Diametrically Opposed Risks
Key insights from the week that was. The key release for Australia this week was the July Westpac-MI consumer sentiment survey. Coming immediately after the start of the Melbourne lockdown, it represents the first clear read of its impact, both...
Week Ahead – Vaccine Enthusiasm vs Faltering Recovery
It’s a quiet week as far as scheduled events go, with the main highlight being the EU summit about the recovery fund, which exposes the euro to weekend risk. What will truly drive markets though, is the ongoing clash between...
Euro Surges as Traders Await EU Decision on Recovery Fund
Euro and Swiss Franc rise broadly today but upside is so far limited. Traders are still cautiously awaiting EU leaders’s decision on the EUR 750B recovery fund. On the other hand, Sterling suffers notable selling for today, thanks to selling...
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