Week Ahead: Coronavirus Continues to Remain Market Focus
Market participants began the week wondering whether China would be able to contain the Coronavirus or if it would spread across the country and to other parts of the world. Markets quickly discovered the answer, and it wasn’t good for...
Week Ahead – RBA Meeting and US Payrolls in Focus as Virus Worries Linger
The Reserve Bank of Australia (RBA) is the sole major central bank that will meet next week but that doesn’t mean the calendar is light, as there’s a cascade of crucial economic data to keep things exciting. The US employment...
EU Morning: Respite
A glorious day The day has finally come for the UK to leave the EU and turn the page on a very long chapter of Brexit that’s taken parliament a little over four years. Once it ends, however, the UK...
US GDP Up 2.1% in Q4/19
US GDP increased 2.1% in Q4 2019 Increase despite a large drag from inventories that could unwind going forward Domestic demand growth softened, but still posted solid 2.3% growth in 2019 as a whole The US economy continued to grow...
Awaiting Whether WHO Declares A Global Emergency Over The Coronavirus
Notes/Observations Risk aversion and safe-haven flows dominate on coronavirus concerns;World Health Organization considered issuing a global alarm on China’s spreading coronavirus; India reported its 1st case of the coronavirus; WHO to hold EU data continues to hint of stabilization taking...
Coronavirus Impact on the Chinese Economy
Executive Summary For the past three weeks, a new coronavirus has originated in China and spread across Asia. More recently, the virus was confirmed to have entered several other countries around the world, sparking reminders of the SARS epidemic that...
Bank of England: Could be a Tense Meeting
The Bank of England (BoE) is having its first policy meeting for 2020 on Thursday at 12:00 GMT and a day before the UK officially departs from the EU. Despite the political relief, the rate decision, which will be the...
Asia Morning: Beware The Dead Cat Bounce
Wall Street’s New Year’s resolution to eat a more plant-based diet paid dividends overnight (sic), with investors gleefully consuming Apple’s latest results, sending its shares to record highs and lifting the Wuhan virus-induced gloom. Apple produced an above-expected profit and...
Aussie Tumbles ahead of CPI Figures
Early on Wednesday at 0030 GMT, Australia will publish its inflation numbers for the fourth quarter of 2019. Forecasters expect inflation to remain steady at 1.7% as before on a yearly basis. On a quarterly basis, the pace of consumer price increases is predicted to tick higher...
Coronavirus Still Dominates Markets
Market movers today Today, we get capital goods orders and consumer confidence data in the US and the Congressman Budget office will release its annual budget and economic outlook. In Sweden, we will look out for the December trade balance...
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