Fear Gauge and Gold are Still Flashing Red; Are Stocks Finally Taking Note?
The resurgence in coronavirus cases appears to have put a pause on the relentless risk rally that has propelled global stocks to recoup almost 80% of the March crash. But as stocks drift sideways while investors re-evaluate the prospect of...
Nasdaq And Gold Take To The Skies, Dollar Tanks
Stocks and commodity currencies grind higher without much news Sinking dollar lifts all FX boats, pound and loonie capitalize the most Gold rally keeps rolling – has bullion changed roles with the dollar? Weekly US jobless claims today to reveal...
Loonie Left Behind in Risk Rally, Can Jobs Data Help?
The Canadian dollar has underperformed other G10 commodity currencies lately, eating the dust of the aussie and the kiwi since markets bottomed in March, despite a powerful rally in oil prices. This might reflect uncertainties emanating from the US, which...
Cracks Appearing as Fed Ponders Easing
Markets Struggling For Direction European stocks are back in the red while US futures are slightly paring Tuesday’s losses, as we continue to see a struggle for any meaningful direction. We’re not short of volatility in these markets, that has...
Asia Morning: U.S. Stocks Ease, Airline Shares Shed Over 5%
On Tuesday, U.S. stocks reversed course to the downside after a surge in the prior session. The Dow Jones Industrial Average fell 396 points (-1.51%) to 25890, the S&P 500 dropped 34 points (-1.08%) to 3145, and the Nasdaq 100...
Investors Await UK “Mini-Budget”
Sunak to announce mini-budget UK Chancellor of the Exchequer Rishi Sunak is set to deliver a summer statement on Wednesday. The event, dubbed a ‘mini-budget’, will not have the impact or attract the widespread coverage as would an actual budget...
Reflation – Financial Markets Finally Buoyed By Positive Risk Sentiment
Market movers today Industrial production data due for Norway, Denmark and Germany today will be scrutinised to help gauge pace of economic recovery. Later today Fed’s Bostic, Daly and Barkin are speaking. The market will pick up on comments with...
US: The Non-Manufacturing Sector Expands Again in June
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...
US Dollar Eases In Asia
With a risk-on mood coursing through the veins in Asia, the US dollar has given ground against both major regional currencies this morning. Notable gainers are the euro and the trade-sensitive Australian and New Zealand dollars, all higher by 0.30%...
The Weekly Bottom Line: Rising Infections Pose a Challenge to Economic Recovery
U.S. Highlights Green shoots continued to emerge in the economic data. The U.S. gained 4.8 million jobs in June (better than expected). Meanwhile, the unemployment rate headed lower to 11.1% form 13.3% in the month prior. Other positive developments included...
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