Market Sentiment Muted, and Dollar Holds Firm
Markets prepare for ECB Lagarde as calmer tone overshadows prior rollercoaster week Moving past the previous heavy week of data, this one looks to be much quieter. The market mood is suggesting that the right boxes are getting ticketed for...
Weekly Economic & Financial Commentary: Omicron Not Enough to Crash the Payroll Party
Summary United States: Omicron Not Enough to Crash the Payroll Party This week ushered in a broad range of economic indicators that covered everything from supply chains to the housing market, but needless to say it was the labor market...
The Weekly Bottom Line: The U.S. Economy Endures Omicron
U.S. Highlights This week provided the first glance at the economic impact of Omicron, which seems relatively benign compared to previous outbreaks. The poster child of this week is employment, which pulled off an Olympic medal’s worth performance, adding 467k...
Another Elevated US Inflation Reading in the Cards Next Week
Canada should show a pullback in the merchandise trade balance to a smaller surplus, with both exports and imports ticking lower following a November surge. A drop in oil prices on early concerns about the economic impact of Omicron will...
Week Ahead – US Inflation in the Spotlight Again, UK GDP Eyed Too
The skidding US dollar will be looking to the January inflation readings out of the United States to reverse its decline as financial markets enter a somewhat quieter week. UK GDP growth numbers will be the other highlight as the...
Cliff Notes: Inflation to Remain Front of Mind for Central Banks in 2022
Key insights from the week that was. The first week of February has been acutely focused on monetary policy, with last week’s US FOMC meeting followed by the RBA, BoE and ECB. Beginning with the RBA, their February meeting was...
Nasdaq Jumps on Strong Earnings, ADP Payrolls Fall
The Nasdaq is set to outperform after stellar results from Alphabet and AMD. ADP payrolls unexpectedly fall. US futures Dow futures +0.18% at 35448 S&P futures +0.77% at 4578 Nasdaq futures +1.4% at 15204 In Europe FTSE +0.9% at 7590...
Stocks Extend Gains, Dollar Retreats Amid Improving Risk Tone
Dollar slips; euro and pound advance The dollar continues to lose ground for the third consecutive session as long-term Treasury yields extend their decline and seem unable to gain traction. Moreover, the soaring risk appetite observed in the markets today...
ISM Manufacturing Index Registers 20th Consecutive Month of Expansion in Spite of Omicron
January ISM manufacturing index fell to 57.6, just beating market expectations for 57.5. This marked a 1.2 percentage point decrease from the December reading of 58.8. New orders decreased by 3.1 percentage points to 57.9, while new export orders increased...
What Will Happen to Bitcoin in February?
Bitcoin rose 2.1% on the last day of January, ending the day at around $38,500. Ethereum added 4.3%, while other leading altcoins in the top 10 strengthened between 0.5% (XRP) and 9.2% (Terra). The total capitalisation of the crypto market,...