Weekly Economic & Financial Commentary: Delivery Vans Rush to Homes with Shoppers’ Treasure
Summary United States: Delivery Vans Rush to Homes with Shoppers’ Treasure Retail sales jumped 1.7% in October, on the back of e-commerce and holiday sales categories. While these nominal figures are buoyed by rising inflation, a sustainable increase in real...
The Weekly Bottom Line: Bank of Canada Reiterates Flexible Approach
U.S. Highlights October retail sales rose a better-than-expected 1.7% on the month. Sales in volatile categories were up robustly, but sales in the control group also rose a strong 1.6%. Leading the charge on this front was a 4% gain...
Week Ahead: RBNZ and Reemergence of Coronavirus Watched During Shortened Trading Week
Volatility has returned to the markets thanks the continued spikes in “transitory” inflation readings from around the globe. This week, the RBNZ will be the first of the major central banks to discuss how they will deal with the continued...
Week Ahead – Who Will Lead the Fed?
And what next for Europe? Lockdowns have returned in Europe and suddenly everyone is analysing the data to see which countries will be next. Germany may not be far behind as cases spiral out of control and others could follow...
Forward Guidance: Supply Chain Challenges to Dominate Data Releases Next Week
We expect next week’s Canadian survey on businesses confidence (CSBC) to show growing optimism about the outlook for the coming year. The survey was collected at a time (Oct. 1– Nov. 5) when national COVID-19 cases were falling and businesses...
Week Ahead – European PMIs Could Spell More Bad News for Euro
The euro has been demolished by fears that new lockdowns will hit economic growth. This has turbocharged the dollar as traders look for shelter, and the upcoming business surveys will be crucial for whether this rotation continues. Meanwhile, markets are...
The Dollar Hit Several Resistance Levels
Markets The euro snapped a six-day losing streak against the dollar. It was one of the more remarkable observances during a relatively quiet session since fragile stocks (-0.5% in Europe, mixed in the US) and Bund outperformance suggested otherwise. German...
Lira Spirals Lower after CBRT Cut
It’s been a slightly negative day in the markets, with Europe looking to close a little lower after largely grinding higher so far this week. It hasn’t been the most eventful couple of weeks for the markets, with investors continuing...
Canadian Dollar Falls, CPI Rises
The Canadian dollar is flat in the European session. Currently, USD/CAD is trading at 1.2603, down 0.01%. On Wednesday, the Canadian dollar fell by 0.40% as USD/CAD pushed into 1.26-territory. How will BoC deal with surging inflation? The Federal Reserve...
Canada: Inflation Heats Up Further in October
Consumer price inflation accelerated to 4.7% year-on-year (y/y) in October, up from 4.4% in September. Energy prices remained a key contributor to hotter inflation. Energy prices were 25.5% higher than a year ago, with gasoline prices up a whopping 41.7%....