Asia Morning: Largest Reduction In US Private Jobs
On Wednesday U.S. stocks closed mixed as data showed the biggest reduction in private jobs on record. The Dow Jones Industrial Average retreated 218 points (-0.9%) to 23,664, the S&P 500 fell 20 points (-0.7%) to 2,848, while the Nasdaq...
Worst Nonfarm Payrolls Ever?
The US employment report for April will hit the markets at 12:30 GMT on Friday and will reveal just how much economic damage the pandemic has inflicted on the American economy. Forecasts point to a breath-taking 21.8 million job losses,...
Australian Dollar Rises Slightly After Positive Retail Sales Data
US stocks rallied yesterday as the market reflected on some positive news from the US. The rally was mostly because certain US officials ruled against retaliating against China. This is after Trump last week suggested that he would apply fresh...
The U.S. Non-Manufacturing Sector’s Activity in Deep Freeze in April
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...
German Court Decision On ECB QE Program Stresses The Need For Proportionality
Notes/Observations Optimism that major economies were taking steps to reopen; reflected in higher oil prices German Court ruled that some ECB action is unconstitutional and Decisions not backed by EU treaty within Germany. Gave Bundesbank 3months to fix it and...
RBA to Keep Policy Unchanged But Forecasts May Rattle Aussie
The Reserve Bank of Australia will announce its latest policy decision on Tuesday (4:30 GMT) and is not anticipated to make any changes to the cash rate or its quantitative easing (QE) program. But as one of the newest members...
US Futures Continue to Fall, Watch BRK/B, TSN, QCOM, HON
The S&P 500 Futures remain on the downside after they slid for a second session on Friday, pressured by lower share prices of technology giants. Also, U.S. President Donald Trump said on a Fox News interview that China “made a...
Asia Morning: US Indexes Dragged By Tech Giants
On Friday major U.S. stock indexes slid for a second session, pressured by lower share prices of technology giants. The Dow Jones Industrial Average fell 622 points (-2.6%) to 24,723, the S&P 500 dropped 81 points (-2.8%) to 2,830, and...
Weekly Economic and Financial Commentary: A Tough Week for the U.S. Economy
U.S. Review A Tough Week for the U.S. Economy U.S. GDP declined at an annualized rate of 4.8% in the first quarter, only a hint of what is to come in the second quarter. Consumer spending has dried up as...
The Weekly Bottom Line: COVID-19 Ends the Longest Expansion in U.S. History
U.S. Highlights The S&P 500 is on track to end the week flat, erasing some earlier momentum as economic data and earnings reports released throughout the week revealed the extent of the pandemic’s impact. The U.S. economy contracted by 4.8%...
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