Asia Morning: U.S. Stocks Take A Breather
On Tuesday, U.S. stocks took a breather after a recent strong run. The Dow Jones Industrial Average dropped 167 points (-0.56%) to 29783, the S&P 500 fell 17 points (-0.48%) to 3609, and the Nasdaq 100 was down 35 points...
Vaccine Optimism Fades Quickly
There’s been plenty to celebrate recently and the stock markets are evidence of this but once again we’re seeing them run out of steam as the Moderna announcement quickly wears off. Not that this is anything to do with the...
EUR/USD Is Still Up Ahead Of U.S. Retail Sales
Later today on the economic front, the U.S. Commerce Department will report October retail sales, expected at +0.5% on month, and September business inventories (+0.6% on month expected). The Federal Reserve will release October industrial production, expected at +1.0% on...
US Retail Sales in Sight as Fed Prepares for Action
America’s latest retail sales data will hit the markets at 13:30 GMT Tuesday, and investors will look for clues on whether the Fed will pull the easing trigger again in December. With US infections spiraling out of control lately, Congress...
Oil Up On RCEP, Gold Stays Steady
RCEP signing lifts oil prices Oil prices fell on Friday, with Brent crude dipping 1.50%, and WTI falling 2.0% as the return of Libyan production and Covid-19 consumption fears across North America and Europe undermined prices. Most of those losses...
Weekly Economic and Financial Commentary: Vaccination Record
U.S. Review Vaccination Record The combination of the election outcome and a workable vaccine boosted financial markets and set the background music for this week’s short list of indicators. See Topic of the Week for our take on the economic...
The Weekly Bottom Line: Pandemic Prompts New Restrictions
U.S. Highlights Good news on the vaccine front cheered financial markets early in the week. However, as the week wore on and COVID-19 infections worsened, that optimism started to fray a bit. Many jurisdictions have increased restrictions as hospitals are...
Forward Guidance: COVID-19 Spread to Overshadow Economy’s Resilience
Data released next week will show that the economy entered the autumn on strong footing. Monday and Tuesday’s reports are expected to reinforce that the exceptionally quick and robust rebound in Canadian housing markets continued. Earlier reports flagged that activity...
Week Ahead: New Brexit Deadline and Daily Coronavirus Cases Continue to Set Records
For the most part, the US Presidential Elections are behind us and markets will turn their attention to the new November 19th Brexit “deadline” for negotiators to come up with a trade deal. Markets are hoping a deal will be...
Week Ahead – Focus Stays on COVID
Virus rages on, a wrath of Fed speak, US retail sales slower pace Next week is filled with lots of Fed speak, an expected sixth consecutive increase with US retail sales, and possible COVID-1 vaccine results from Moderna. Financial markets...
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