Asia Morning: U.S. Stocks Pare Gains In Last Trading Hour
On Monday, U.S. stocks closed mixed after turning sharply lower in the final trading hour. The Nasdaq 100 Index shed 234 points (-2.16%) to 10602, the S&P 500 fell 29 points (-0.94%) to 3155, while the Dow Jones Industrial Average...
Pound Eyes UK GDP Rebound But Data to Stress Steep Mountain to Climb
Economic data out of the United Kingdom will be flooding the markets over the next few days with Tuesday’s monthly GDP print being the main highlight. The scheduled releases on growth, production, inflation and employment should reveal how the economy...
Much Higher German Wholesale Prices
Earlier this morning, June German Wholesale price index was released at +0.6% on month. It was expected at -0.6%. On a yearly basis, it was published at -3.3%, vs -4.3% expected. Tomorrow, June inflation rate will be expected at +0.9%...
Weekly Economic and Financial Commentary: Can the Economic Rebound Outrun the Rise in COVID-19?
U.S. Review With Little Economic News, Investors Focus on the Virus The ISM non-manufacturing index jumped 11.7 points to 57.1, reflecting the broadening re-opening of the economy. Mortgage applications for the purchase of a home rose 5.3% and are now...
The Weekly Bottom Line: Rising COVID-19 Cases Weigh On Economy
U.S. Highlights Financial markets brushed off the record-breaking rise in COVID-19 cases, moving higher from close last week. If cases continue to rise at this break-neck speed, state authorities may have no other option but to shut down parts of...
Forward Guidance: Early Economy Bounce Back to Fade into Gradual Recovery
Positive indicators continue to pile up for the early days of the recovery but that’s not to say the economic backdrop is anywhere close to strong. The latest bright spot is the almost 1 million increase in employment in June....
Week Ahead: Bank Earnings to Battle with COVID-19 for Traders’ Attention
There are no two ways about it: The week after the US had its annual Independence Day celebration was an ugly one for the country’s fight against COVID-19. The world’s largest economy reported record-high infection figures in excess of 60,000...
Week Ahead – Bring on Earnings Season
No Shortage of Event Risk Next week sees earnings season get underway in the US, with the major banks all reporting on the second quarter and offering insight – if they have any – into the rest of the year....
US China Trade Agreement Update – Not Impossible?
China is currently set to meet just 14% of its energy product obligations; 45% of agreed agricultural; 57% of required manufactured goods for a total of 45% of its overall 2020 targets under the terms of the Phase One Trade...
USD/JPY Is Drifting Below The 107 Mark
Markets Earlier this week, global (equity) markets mostly saw the glass half full. Sentiment remained constructive even as the number of corona cases worldwide and in the US continued to rise. Yesterday, there were signs of nervousness. The optimism on...
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