Canada GDP Bounced Back in Q3, But Recovery to Stall in Q4
40.5% (annualized) Q3 GDP bounce-back big (but smaller than expected) Spending on services still very restrained – goods-producing sectors doing better Savings hoard to boost spending once virus containment measures ease The 8.9% increase in Q3 GDP (40.5% at an...
Oil Steady ahead of OPEC Meeting
Traders take profit as OPEC+ meets to discuss 2021 production plans Pre-meeting talks between a select few key OPEC+ ministers failed to generate a consensus on production plans for next year. This includes plans for January, when cuts had planned...
Swiss Franc Flat after Mixed Data
The Swiss franc is showing little movement at the start of the new trading week. Currently, USD/CHF is trading at 0.9049, up 0.07% on the day. The currency is trying to shake off a mini-slump, after posting declines over four...
Stock Futures Retreat From Overbought levels
US stock futures are flashing red, but the main indexes are still set to finish the month with strong gains. At the time of writing, the futures on Dow Jones have declined by 0.70%, the S&P 500 has dropped 0.60%,...
The Weekly Bottom Line: Pandemic Dampens Holiday Cheer
U.S. Highlights Financial markets were more upbeat this week as investors cheered encouraging vaccine news and the start of the presidential transition. The S&P 500 is on track to end the week with a 2.3% gain from last week’s close....
Week Ahead: Biden to Begin Transition, Coronavirus, Brexit (Again)
In a short week for the US, there were several headlines to keep everyone on their toes. Joe Biden selected former Fed Chairman Janet Yellen as his pick for Treasury Secretary, the US Dow Jones Index rose above 30,000 for...
Forward Guidance: Government Support to Soften Blow of Job Losses
Optimism about the effectiveness of COVID-19 vaccines has brightened the outlook for the economy in 2021. This is true even as escalating virus case counts and the re-imposition of containment measures take their toll on Canadian’s health and the economy...
Week Ahead – We Go Again
A busy end to a chaotic year December may normally be associated with everything slowing down as we ease our way into the festive period but as with everything else in 2020, this is no normal December. Donald Trump is...
RBA Meeting: A More Optimistic Take
The Reserve Bank of Australia will hold its final meeting for the year at 03:30 GMT Tuesday. Having cut rates last month, no action is expected this time, so the market reaction will depend on the language of the accompanying...
Week Ahead – Data Overload May Spoil Vaccine Euphoria; NFP to Lead the Pack
It’s NFP week and as investors battle the vaccine optimism against the short-term gloom, the latest jobs report from the United States may determine which way sentiment sways next. Canada will also publish jobs numbers along with its Q3 GDP...
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