Asia Morning: U.S. Stocks Advance Further, Led By Tech Shares
On Tuesday, U.S. stocks closed higher thanks to a strong rally in the final moment of the trading session. The Dow Jones Industrial Average rose 217 points (+0.85%) to 25812, the S&P 500 gained 47 points (+1.54%) to 3100, and...
Australian Retail Sales and China PMI May Stir But Not Break Aussie’s Range
As markets grapple with the real threat of escalating virus cases derailing the global economic recovery, the risk-sensitive Australian dollar will be keeping an eye on a number of indicators out of Australia and China this week. The Caixin/Markit manufacturing...
Australian Dollar Rises As Chinese Manufacturing PMI Beat Estimates
The Australian dollar rose as investors reacted to the latest manufacturing PMI data from China. According to China Logistics, the country’s manufacturing PMI rose to 50.9 in June from the previous 50.6. The non-manufacturing PMI rose from 53.6 to 54.4...
Mixed Start But Busy Week Ahead
It’s been an interesting start to the week in financial markets, with the usual themes continuing to dominate. There’s a huge question mark hanging over the stock market recovery , with investors seemingly not currently pricing in the prospect of...
Slow Start To Condensed Trading Week
Notes/Observations Various German State CPI data improves from month-ago levels aided by higher oil prices and a base effect in energy costs Markets continue to watch various coronavirus hotspots and the potential impact on an economic recovery Asia: Japan May...
Resurgence in COVID-19 Threatens to Derail the Recovery
New case growth and hospitalizations appear to be accelerating primarily in the Sun Belt. Even without new lockdowns, the economic toll from acute COVID-19 outbreaks in multiple metro areas will begin to add up. Hazards Ahead: Growth Drivers May Soon...
Weekly Economic and Financial Commentary: Rises COVID-19 Cases Offset Better Economic News
U.S. Review Rising COVID-19 Cases Put a Damper on Re-openings The rising number of COVID-19 infections gained momentum this week, with most of the rise occurring in the South and West. The rise in infections is larger than can be...
The Weekly Bottom Line: Climbing COVID-19 Infections Threaten the Recovery
U.S. Highlights U.S. stock markets erased their earlier gains this week as the rise in COVID-19 cases weighed on sentiment. Green shoots are continuing to emerge in the economic data. Consumer spending rebounded by 8.2% in May driven by surging...
Week Ahead – Jitters Continue into Busy Week
Country US The Fed releases the Minutes to their last policy decision and may start to show some signs they are worried about inflation. Policymakers will likely reiterate they are flying blind given the uncertainty about the course of COVID-19...
Week Ahead: Coronavirus Heating Up Again Ahead of Month-End
Tuesday, June 30th marks the last day in the month of June. However, not only is it month end, it is also the end of Q2 and the half year mark of 2020. China headlines take a backseat last week...
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