MARKET WRAP: European Markets Closed On A Strong Note
Despite the weak economic data out of Europe, traders pushed the European markets higher. Stocks The S&P 500 Index jumped 0.79 percent as of 16:00 London time, while the Nasdaq Composite Index rose 0.86 percent and the Dow Jones Industrial Average increased 0.9 percent....
Canadian Dollar Steady, US Durables Next
The Canadian dollar has started the week with slight gains. Currently, the pair is trading at 1.3365, up 0.14% on the day. On the release front, Canada releases manufacturing PMI, which has slowed for three straight months. Will we see...
DAX Jumps after Chinese Manufacturing PMI Improves
European equity markets have started the week with strong gains, and the German DAX is up 1.13% in Monday trade. Currently, the DAX is trading at 11.652, up 1.1% on the day. In economic news, German and eurozone manufacturing PMIs...
US Dollar Mixed Awaiting Brexit And Trade Developments
The US dollar is mixed at the start of the trading week. The Australian and New Zealand dollars advanced after positive Chinese manufacturing data not points to an expansion. Brexit is weighing down the pound after last week’s third defeat...
Oil Rises On Trade Hope And Dollar Softness
Oil is higher at the start of the trading week. The US dollar is softer giving crude some upward momentum. Brexit uncertainty after Prime Minister May’s third attempt to get her proposal through was a failure is on the rise...
Weekly Economic and Financial Commentary: What Lies Beyond the Soft First Quarter?
U.S. Review Resiliency in the Face of Uncertainty The U.S. economy continues to show a great deal of resiliency in the face of slowing global economic growth and a whole host of geopolitical uncertainty. Falling long-term interest rates have raised...
The Weekly Bottom Line: When the Downside Risks Loom Large
U.S. Highlights The U.S. economy expanded at a slower pace than previously reported in the fourth quarter (2.2% vs. 2.6%). This left annual average growth at just below the 3% mark, though Q4/Q4 they were just able to hit that...
April Optimism Could be Key Turning Point for Global Growth
The US dollar climbed higher as markets balanced out global growth concerns along with optimism a trade deal was nearing between the two largest economies in the world. US economic data painted a mixed picture with the earlier data in...
Struggling Euro Shifts Focus to Flash Eurozone CPI
While the Brexit drama continues to keep investors busy in Europe, holding the euro and the pound in check, the Eurozone preliminary inflation readings for the month of March are expected to steal attention on Monday at 0900 GMT. Consensus...
RBA Meets; Might Struggle to Stay Neutral
The Reserve Bank of Australia made a major shift in policy in February by signalling that a rate cut was just as likely as a rate hike, abandoning its long-held tightening bias. However, investors have gone a step further and...
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