Forward Guidance: US Virus Resurgence a Cautionary Tale amid Increasingly Positive Economic Data
Expect another job gain in next week’s Canadian employment report – the latest green shoot to peek through the gloom in the early days of this recovery. We’re expecting a rise of 650k jobs, a little more than twice the...
Week Ahead: As Good as It Gets?
US Non-Farm Payrolls data released on Thursday showed an increase of +4.8 million jobs for the month of June vs an expectation of +3.0 million, a new record! PMI data around the globe was revised higher from earlier in the...
Week Ahead – Economic Reopening Continues
Country US Most of the attention in the US will remain around the spread of the coronavirus across the Sunbelt and whether more states are forced to reverse prior reopening actions. Economic data won’t matter much except for weekly jobless...
RBA to Stay Put as Flare-Up Threatens Australia’s Envious Virus Record
The Reserve Bank of Australia is almost certain to keep monetary policy unchanged on Tuesday when it announces its decision at 4:30 GMT. Australia is one of only a handful of countries that can boast a successful virus containment policy...
Week Ahead – Markets Torn Between Conflicting Narratives
The coming week looks relatively quiet in terms of crucial events, with the only highlights being the Reserve Bank of Australia (RBA) policy meeting and some economic data out of the US and Canada. As such, the dominant theme that...
EU Indices Flat This Morning | TA Focus On Sanofi
INDICESYesterday, European stocks rebounded strongly. The Stoxx Europe 600 Index jumped 1.97%. Germany’s DAX 30 surged 2.84%, France’s CAC 40 advanced 2.49%, and the U.K.’s FTSE 100 was up 1.34%. EUROPE ADVANCE/DECLINE89% of STOXX 600 constituents traded higher yesterday.64% of...
Solid Jobs Report and Relentless Reopening Optimism Drive Stocks and Oil Higher, Gold and Dollar Slump
The US economy continues to head in the right direction. Financial markets are heading into a long weekend on a high note after a blockbuster jobs report showed 4.8 million jobs were created, the most since records began in 1939....
Oil Prices Climb But Gold Unsteady
Oil surges on falling US crude inventories US official crude inventories unexpectedly fell by 7.2 million barrels overnight, much higher than the forecast 0.7-million-barrel drawdown expected. Combined with reports of oil moving out of floating storage, and strong manufacturing PMI...
Nonfarm Payrolls: A Battle Between Risk Taking and Safety
The ISM manufacturing PMI is due today at 14:00 GMT and June’s Nonfarm payrolls will be released on Thursday, a day earlier than usual, at 12:30 GMT as US markets will be shut on Friday for July 4th celebrations. While...
Will Fed Put Prevent a Correction?
The stock market has really lost its spark these last few weeks and once again we’re seeing indices coming back towards the recent lows. Growing unease around the success of the reopening process is no doubt fuelling much of this,...
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