Volumes Will Probably Stay Rather Low Today
Markets The absence of the US (Thanksgiving) as well as an enticing economic calendar yesterday lead to clueless trading. ECB Minutes highlighted the increased downside risks on growth and inflation due to the second coronavirus wave. It set the stage...
Markets in Holiday Mode
It’s not just the US that’s in holiday mode, it seems, with financial markets a little flat on Thursday. Thanksgiving has naturally left a massive void in the markets and conditions aren’t likely to dramatically improve until next week, with...
Slow Start For EU Stocks But Bitcoin Tanks
European markets started on the back foot this morning as energy stocks and financials saw some early weakness, with shares in Lloyds falling 3% at the open. However, it remains to be seen whether the weakness for the major EU...
US: Spending Increased, But Personal Income Pulled Back in October
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Asia Morning: Dow Closes Above 30,000
On Tuesday, U.S. stocks rallied further pushing the Dow Jones Industrial Average (+455 points or 1.54% to 30046) to close above the key 30,000 level for the first time. The S&P 500 increased 57 points (+1.62%) to 3635, also an...
Transition Time, Housing Shines, Confidence Misses, Dollar Drops, Oil Pops, Gold Plops, Bitcoin Eyes Record
Wall Street is increasingly betting on cyclicals now that the Trump administration has given the green light to the formal transition process to President-elect Biden. The General Services Administration (GSA) acknowledged President-elect Biden as the winner and will release the...
Traders Watch Dollar Fall On Vaccine And US News
The US dollar continued falling during the Asian session as traders continued to focus on vaccine and US politics news. On the vaccine, several countries, including the United States, Germany, and the UK have announced plans to start vaccinations before...
Buzz Back in the Markets
There’s a bit of a buzz back in the markets on Monday, as AstraZeneca and University of Oxford announced results of its vaccine trials. The light at the end of the tunnel is shining a little brighter this morning. The...
Asia Stocks Starts The Week In The Green
Asia higher on vaccine hopes, stimulus talks Although Wall Street saw continued profit-taking push equities to a lower close on Friday, the US index futures have recouped much of those losses in Asia this morning. That has lifted equity markets...
Weekly Economic and Financial Commentary: Uneven and Uncertain Global Economic Recovery
U.S. Review House Party Soaring confidence among homebuilders, a pace of residential construction activity that topped expectations and existing homes selling at the fastest pace in 14 years were the highlights of a week in which housing data dominated the...
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