Asia Markets Update
Oil Markets Oil prices have remained firm in Asia as a couple of additional narratives are forming Besides Saudi Arabia and Russia ruling out any expeditious supply increases at the Algeria meeting and some spillover from Saudi comments last week...
Currencies: EUR/USD Fails To Maintain Gains From Hawkish Draghi Comments
Rates: ECB President Draghi lifts EU rates The German 10-yr yield closed above 0.5% and at the highest level since May yesterday after hawkish inflation comments by ECB president Draghi. US yields remain upwardly oriented as well in the run-up...
Brexit Sterling Shorts Back to July 2016 Levels
“Bear” pound speculators hold nearly the same amount of net short positions in sterling as they did in July 2016. This would suggest that the markets worries about how the Brexit divorce on March 29, 2019 will look, and the...
Pound Rallies as UK’s Raab Eases Brexit Fears; Oil Gains the Most
Here are the latest developments in global markets: FOREX: After China canceled planned trade talks with the US on Saturday and new import tariffs took effect, Chinese officials reiterated on Monday that Beijing is ready for a new round of negotiations...
Euro-Zone’s Manufacturing PMI Eased To A 2-Year Low Level In September While Service Sector Activity Expanded In The Same Month
For the 24 hours to 23:00 GMT, the EUR declined 0.25% against the USD and closed at 1.1749 on Friday. Macroeconomic news revealed that the Euro-zone’s preliminary manufacturing PMI slid to a two-year low level of 53.3 in September, overshooting...
Pound Falls On Concerns Over ‘Hard Brexit’
For the 24 hours to 23:00 GMT, the GBP declined 1.45% against the USD and closed at 1.3079 on Friday, after British Prime Minister, Theresa May, stated that the UK and European Union (EU) have reached an impasse in Brexit...
Weekly Economic and Financial Commentary: Firmer Global Growth to Be a Gradual Process
U.S. Review Housing Remains in a Soft Patch Housing starts rose 9.2% in August. Volatile multifamily starts increased 29.3%, while single-family units rose 1.9%. Building permits dropped 5.7% during the month. Existing home sales were unchanged at a 5.34-million unit...
The Weekly Bottom Line: Positive Data Releases Overshadowed by NAFTA
U.S. Highlights U.S. equity markets were unbowed by escalating trade actions between the U.S. and China this week. The S&P500 reached new highs bolstered by healthy earnings reports and growth in share buybacks. Equity market optimism is backed up by...
How Will the US Mid-Term Elections Impact Markets?
Geopolitical risk has been a dominant theme of 2018, with escalating trade tensions, Australia’s Prime Minister getting ousted, traders questioning the independence of Turkey’s institutions, and high-stakes negotiations around NAFTA and Brexit all grabbing headlines at various points this year....
Brexit, Trade and FOMC to Dominate Agenda Next Week
Another week has flown by and what a week it has been! The biggest story this week was perhaps the easing of trade wars as China apparently blinked first in its dispute with the US. Global stock markets, led by...
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