More expensive meat drives up U.S. producer prices
A worker wearing a protective face mask operates a forklift to move boxes of face shields ready for shipment at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. Adam Glanzman | Bloomberg | Getty Images U.S....
After Incredible Rally, Oil Outlook Still Uncertain as Virus Casts Shadow Over Demand
Few would argue that 2020 has been a good year for oil after the market turmoil sparked by the coronavirus crisis sent WTI prices crashing into negative territory for the first time in the US benchmark’s history. But just as...
Weekly unemployment claims better than expected as workers leave jobless rolls
The pace of unemployment claims declined again last week as the U.S. jobs market continued its plodding recovery from the coronavirus pandemic, Labor Department data showed Thursday. Initial claims totaled 1.54 million, compared with the 1.6 million expected from economists...
Markets Back in Risk Aversion on Fear of Coronavirus Second Wave
The financial markets are suddenly in deep risk aversion today, particular on fear of a second wave of coronavirus pandemic. A John Hopkins Center senior scholar has already warned that “there is a new wave coming in” parts of the...
Stock market live updates: Futures sharply lower, awaiting jobs data, second wave of cases?
A trader walks in front of the New York Stock Exchange on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Check back for updates. 7:24 am: Reopening...
USDCHF Set For A Painful Weekly Close, Enters Oversold Zone
USDCHF is set to close deep in the red sea this week following the sharp pullback off the 0.9625 level. The bears are currently ready to pierce the 0.9400 number and open the way towards the 0.9320 support, but some...
Macaskill on markets: How to fight the Fed
An experiment in credit market sponsorship by the US central bank began on May 12 with its first corporate bond exchange-traded fund purchases. The new world of government support began not with a bang but with a whimper. Although the...
Financials Trade Generally Weaker In Asia Post Fed Amid Lower Yields
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Yen, Swiss and Dollar Rise as Risk Aversion Comes Back after FOMC
Yen, Swiss Franc and Dollar strengthen generally today as risk appetite is having a setback after dovish FOMC announcement overnight. While NASDAQ continued to defy gravity and extended the record run, DOW and S&P 500 closed mildly lower. Asian markets...
FOMC Signals to Increase Asset Purchases in Coming Months
As expected, FOMC left its monetary policy measures unchanged and downgraded the macroeconomic outlook. The members also project that the policy rate will stay unchanged through 2020. The accompanying statement showed few changes. Yet, the pledge to increase purchases by...
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