Virus Optimism, Safe-Havens Unwind, Oil Finds its Bottom, LATAM Rebounds
US futures and European stocks gained and Treasuries tanked as virus optimism ran wild on reports that a key breakthrough was made in the search for a coronavirus cure. Markets are still primarily focused on the coronavirus and today’s news...
NZ Labour Market Review, December Quarter 2019
The unemployment rate fell to 4.0% in the December quarterly, equalling its lowest level since 2008. The details of the survey weren’t entirely positive, with weak employment growth and falling labour force participation. Nevertheless, there was a clear message that...
China’s Efforts Make Virus Selloff Take a Day Off
China’s efforts make virus selloff take a day off, AUD rises post RBA, BOE bets price no cuts following construction data, Oil hits rock bottom, Gold falls Global indexes are positive, commodities are showing signs of life, yet the virus...
Slight Improvement Sentiment, As Iowa Results Are Delayed
Market movers today The data calendar is pretty thin in terms of economic releases today. In Denmark, Danmarks Nationalbank (DN) is set to publish FX reserves data for January today at 17:00 CET. See details at the bottom of the...
Will the Coronavirus Infect the RBA’s Policy?
The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday at 03:30 GMT, and markets assign only a 25% chance for a rate cut. While the aussie could spike up if policy is indeed kept unchanged, any...
Chinese Stocks Fall Apart, But Currencies Take A Breather
Equities in China fall ~8%, but broader market stabilizes after Friday’s selloff Recession fears reignite, pushing dollar down as Fed rate cuts are priced in Pound drops as Boris ‘talks tough’ – prelude of things to come? US Democratic primary...
Coronavirus: Gauging the Economic Impact
The rapid spread of the new coronavirus has been alarming with the number of confirmed cases in China alone already larger than the total global confirmed cases of SARS, the previous global outbreak, in 2003. On January 30, the World...
Weekly Economic and Financial Commentary: Fed Keeps Rates on Hold as GDP Growth Remains Sturdy
U.S. Review Fed Keeps Rates on Hold as GDP Growth Remains Sturdy Real GDP grew 2.1% on an annualized basis in Q4, in part due to a boost from net exports. Year-to-year, real GDP is up 2.3%. The Fed left...
The Weekly Bottom Line: As One Source of Uncertainty Fades, Another Intensifies
U.S. Highlights The American economy grew by 2.1% in Q4 according to the advance estimate. While growth has been steady around 2% for the past three quarters, the headline masks a softening consumer spending trend, alongside declining investment. The recent...
Forward Guidance: Coronavirus to Overshadow Early‑2020 Data
Next week brings some of the first economic indicators for 2020, though that data is likely to be overshadowed by the growing human and economic impact of the coronavirus outbreak. Very early estimates have suggested China’s Q1 GDP growth could...
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