Weekly Economic and Financial Commentary: A Solid Week To Be Sure, But Keep an Eye on the Details
U.S. Review A Solid Week To Be Sure, But Keep an Eye on the Details U.S. employers added 225K new workers to their payrolls in January, which handily beat expectations. But the factory sector shed jobs for the third time...
The Weekly Bottom Line: Green Shoots Threatened by Viral Outbreak
U.S. Highlights U.S. manufacturing activity expanded in January for the first time since July and the services sector was the strongest since August. The coronavirus outbreak continued to disrupt trade and supply chains, impact financial markets, and force multinational companies...
Canada GDP vs Labour Market Growth Trends Diverging? Again?
The spread of the coronavirus in China has continued to alarm markets abroad, although North American equity markets have largely bounced back after earlier jitters pushed investors to the side-lines. In part that’s because, aside from the go-forward risks of...
Week Ahead: Have We Seen the Top in Coronavirus Cases?
Next week will be a pivotal week in terms of discovering if the rate of increase has topped on the number of newly discovered Coronavirus cases. China’s National Health Commission said that as of Thursday, the total infection number was...
Cliff Notes: Confidence in the Face of Adversity
Key insights from the week that was. This week, the RBA retained both their policy stance and a constructive view of the outlook. Apparent in both the RBA decision statement from the February meeting, as well as the subsequent speech...
Weekly Focus: Global Risk Sentiment Boosted as Coronavirus Fears Abate
Concerns about coronavirus abated this week as the spread of the virus levelled off. While the number of infected increased to 31472, the daily pace of new cases levelled off somewhat, while the death toll reached 638. Contagion outside Hubei...
Asian Stocks Fall As Coronavirus Risks Rise
The Japanese yen was little changed today after the market received weak economic data. Data from the Statistics Bureau showed that household spending in December dropped by -1.7%. This was lower than the estimates increase of 0.2% and November’s increase...
NFP Preview: Will the Blowout ADP Reading Translate into NFP?
Background Every month, we remind traders that the Non-farm Payrolls report is significant because of how it impacts monetary policy. In other words, the Federal Reserve is the “transmission mechanism” between U.S. economic reports and market prices, so any discussion...
How Is Europe Growth Looking?
European growth forecasts on tap The European Commission is scheduled to release its economic growth forecasts for the region today, and those will likely determine the direction for the Euro in the near term. While data has been showing some...
Nonfarm Payrolls: Could First Report of 2020 Send the Dollar Higher?
The most followed US economic release, the Non-farm payroll report, is coming out this Friday at 13:30 GMT and the data will be closely watched as this will be the first print of the new year but also of the...
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