Asia Morning: Dow Sheds 509 Points In Market Sell-off
On Monday, the Dow Jones Industrial Average once tumbled over 900 points before reducing its loss to 509 points (-1.84%) and closing at 27147. The S&P 500 sank 38 points (-1.16%) to 3281, while the Nasdaq 100 managed to close...
GBP/USD – Volatility Continues for Cable
GBP/USD has started the week with considerable losses. In Monday’s European session, the pair is trading at 1.2830, down 0.68%. Brexit tensions could weigh on pound It has been a wild ride for the British pound. GBP/USD reversed directions last...
The Dollar Remains In The Defensive Overall – COVID-19 Headlines In Focus
Markets Markets traded with cautious, modest risk-off bias last Friday. Eco data were few. The ongoing rise of Covid-19 infections in Europe (and elsewhere) remain a source of uncertainty for the pace of the economic recovery going forward. European equity...
Weekly Economic and Financial Commentary: Manufacturing Recovery Slowing, but Broadening Out
U.S. Review First Impressions Are Not Always Right On the face of things, it was a disappointing week for economic data. Almost every report this week was on the wrong side of expectations. Relative to consensus estimates, gains fell short,...
The Weekly Bottom Line: The Recovery Shifts In to Low Gear
U.S. Highlights The Federal Reserve is not likely to increase interest rates until at least end-2023, however, this has not been enough to quench investors’ thirst for more liquidity. Retail sales strengthened for the fourth straight month this August, with...
Forward Guidance: Canadian Throne Speech to Lay Out Policy Plans in the Thick of Pandemic
The federal government will deliver one of the most highly-anticipated throne speeches in recent memory on Wednesday – amid a slowing economic rebound and rising COVID case counts. Though not an economic blueprint, it will lay out Ottawa’s vision for...
Week Ahead: Headline Watching
With lack of macroeconomic events this week, headlines are likely to rule the markets. Last week, the US Fed, BOJ and the BOE provided little new information in terms of each Central Bank’s monetary policy. Ultimately, all three central banks...
Is the Stock Market in a Bubble?
The US stock market has staged a meteoric comeback, raising concerns about whether we are experiencing an asset bubble in the middle of a recession. While there is clearly a sharp disconnect between markets and economic reality, there are good...
Week Ahead – Tracking the Recovery: Is Europe Lagging the US?
The latest flash PMI releases will dominate the economic agenda next week as the recovery in the United States appears to be picking up a gear, while the European rebound may have hit a snag. The tables have been turning...
US Equities Fall Again After Weak Housing Data
US equities ended the day lower as traders reacted to central bank decisions and relatively weaker data from the US. On Wednesday, the Fed decided to leave its policies unchanged. It also signalled that rates would remain that low for...
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