US Open – Trump/Powell, Home Depot, Oil, Gold
US stocks are grinding higher as markets remain convinced that we will see the phase-one trade deal finalized before the next major tariff increase deadline of December 15th. Limited trade news occurred overnight and many are still focused on yesterday’s...
China Walking Back Trade Deal
Earlier today, CNBC’s Eunice Yoon tweeted that the “mood is pessimistic regarding US-China trade deal being passed; China is trouble after US President Trump said no tariff rollback- Strategy is to talk, but wait for impeachment/election” citing a government source....
Market Brief: Pound Rallies as Tories Lead Polls
Markets update: At 13:00 GMT in London, GBP was the strongest and JPY the weakest in another risk-on session with stocks higher and gold and silver lower. Crude prices were also a little weaker. GBP found support as opinion polls...
Trade Slowdown Continues
Singapore exports fall for second month Another Asian nation heavily dependent on exports to China continued to show how the long-lasting trading trade dispute between the US and China is affecting the global economy. Singapore’s non-oil domestic exports fell 2.9%...
Weekly Economic and Financial Commentary: The Consumer-Producer Divide on Full Display
U.S. Review The Consumer-Producer Divide on Full Display Retail sales beat expectations and rose 0.3% in October, reflecting the ongoing strength of the consumer. Control group sales, a major input to GDP, also increased 0.3%. Industrial production in October declined...
The Weekly Bottom Line: Consumers Resilient Amid Manufacturing Struggles
U.S. Highlights U.S. data this week showcased the contrasting feature of the U.S. economy: a resilient U.S. consumer but a struggling manufacturing sector. Negotiations on a phase one trade deal between the U.S. and China took a step back this...
Forward Guidance: Economic Data to Hint at Life after Trade Tensions
The week ahead should be a reminder both of risks to the Canadian economic backdrop coming from international trade tensions – but also that trade concerns are not the only headwind for the economy. The tone of trade negotiations between...
Markets Rise on Trade Hopes Despite Rising Geopolitical Risks
The cancelation of the APEC meeting in Chile robbed the US-China trade negotiations of urgency to get a phase 1 deal hammered out to announce at a big stage. Trade talk has been mixed with the market wary of the...
Week ahead – Fed Minutes and European PMIs Highlight a Calm Week
The economic calendar is relatively light next week, with the most crucial release being the euro area’s preliminary PMIs, which will reveal whether growth is headed for a contraction in Q4. In America, the minutes of the latest Fed meeting...
Election Headlines Inflate The Pound
The british pound appears set to recover from last week as market participants seem convinced that the fact that Jeremy Corbyn’s Labor party “close to zero” chance to win majority in the 12 December 2019 general elections should make the...
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