US Retail Sales May Dim Hopes of a Quick Recovery
US retail sales for the month of July will hit the markets on Friday at 12:30 GMT and expectations are for a sharp slowdown from June’s charming rebound. While a weaker data set is hightly expected, traders may pay attention to the size of...
Asia Morning: Dow, S&P End 7-Day Rally
On Tuesday, U.S. stocks ended in negative territory. The Dow Jones Industrial Average slid 104 points (-0.38%) to 27686 and the S&P 500 dropped 26 points (-0.80%) to 3333. Both indexes halted a seven-session rally. The Nasdaq 100 fell 209...
Wall Street Eyeing New Records
A bumper start to trading European stock markets surged on Tuesday, with indices across the continent up almost 3% as sentiment surveys for the region significantly exceeded expectations. The ZEW economic sentiment surveys were very encouraging and suggest the euro...
Geopolitical Put Fades In Asia
Tencent climbs as US-China tensions ease The overnight US session was a non-descript one; the dollar held recent gains; energy edged higher as did equities. Profit-taking hit technology stocks after some recent impressive gains, with investors rotating into more traditional...
Not the Chill We All Crave
Slow start to the week Stock markets are edging higher in a relatively chilled start to the day, as we navigate through the low-tier economic data portion of the week. I say chilled as I sit here in London in...
USD Tries To Stabilise, Yet Situation Remains Uncertain
The USD seems about to stabilise after Friday’s gains against some of its counterparts, as the US employment report was a tat bit better than expected. The Non-Farm Payrolls figure was better than expected yet was slashed below half in...
US China Trade Agreement 1st Half Review – A Fail?
At the 2020 half way mark, China is on a run rate to meet just 20% of its energy product obligations; 47% of agricultural and 57% of manufactured goods purchases for a total of 48% of its overall 2020 targets...
What Marks the Spot for U.S. Dollar Weakness?
Recent U.S. dollar weakness is less pronounced when measured against the currencies of U.S. trading partners. The outlook for trade, and to a lesser extent inflation, relies more on demand at home and abroad. ‘Cause Everything Around Me is Falling...
Weekly Economic and Financial Commentary: Signs of Resilience
U.S. Review Service Elevator Despite rising virus case counts in July, unexpected strength in the service sector was evident in the economic data this week. The better-than-expected July jobs report was driven primarily by hiring in the service sector, which...
Weekly Focus: Will Markets Keep Their Nerve amid Rising US-China Tension?
While COVID-19 cases have been slowing down in the US as of late, infections have started to rise again in a number of European countries with the advent of the summer travelling season (see COVID-19 Update – Europe is postponing...
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