Week Ahead – Reopening Woes and Trade Fears Dent Sentiment
The coming week seems relatively quiet. The preliminary PMIs for April in the UK, US, and Eurozone will give us an update on how much businesses have suffered, while the minutes of the latest Fed meeting might reaffirm the central...
US-China Tensions Simmer But Markets Still Betting On Recovery
Trump threatens to “cut off” relationship with China as row over virus spread escalates But market fallout limited as hopes of recovery and more stimulus prevail Dollar headed for weekly gains, eyes US retail sales data Trump continues attack on...
Canada’s Manufacturing Sales Tumble in March
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...
Risk Appetite Finding Headwinds…Worst Is Yet To Come???
Notes/Observations Risk aversion simmers as concerns linger about the economic risks from the pandemic and various analysts raised the alarm level regarding equity valuations Asia: Australia Apr Employment Change: -594.3K v -600.0Ke (record decline); Unemployment Rate: 6.2% v 8.3%e (rate...
Powell’s Cautious Update, Oil Pops and Drops after Surprise Draw
Powell’s Cautious Update, Oil pops and drops after surprise draw, Gold tanks and dollar recovers after negative rate comment, Bitcoin climbs higher Fed Chair Powell’s economic update did little to boost confidence with the short-term outlook. Powell’s tone was very...
Could the U.S. Economy Be Facing Deflation?
Executive Summary If history is any guide, the economic weakness stemming from COVID-19 should put downward pressure on rates of consumer price inflation. Indeed the year-over-year change in the consumer price index slid in April to its lowest rate since...
Asia Morning: US Stocks Lower On Health Official’s Warning
On Tuesday U.S. stocks gave up early gains to close in negative territory, as market sentiment was dampened by a top health official’s warning on reopening the economy. . In a remote testimony to Congress, Anthony Fauci, the director of...
Stocks Seesaw, OPEC+ Cuts Here to Stay, Gold Rallies, Bitcoin Stable Post Halving
US stocks continue to rise as investors weigh renewed trade tensions, reopening momentum, the Fed’s purchases of corporate debt ETFs and the core consumer-price index’s record decline. Trade Tensions It seems trade jabs are likely to be mostly political theater...
The Phantom Threat Of Inflation And Fears Of The Virus Second Wave
Asian indices are losing about 1% on Tuesday morning while futures for European and US indices point to open in the red. This is associated with the emergence of a new sickness case in Wuhan, which brings back fears of...
RBNZ: Opening the QE Floodgates Wider
The Reserve Bank of New Zealand will wrap up its policy meeting at 02:00 GMT Wednesday, and recent developments suggest that more stimulus is needed. A rate cut is probably off the cards for now, so the central bank is...
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