US: Funding Measures Include Raising The Corporate Tax Rate To 28%
Markets Minutes of the previous FOMC meeting showed that participants think that it would likely be some time until substantial further progress toward the committee’s maximum-employment and price-stability goals would be realised and that, consistent with the committee’s outcome-based guidance,...
Record Deficit, AstraZeneca, Dimon’s Letter, Cryptos Pullback
US stocks edged higher after a record deficit showed that US consumer and business demand is heating up, prompting investors to continue to buying reopening stocks. Market moves across most asset classes has been somewhat limited ahead of the release...
Rotational Spin
US markets paused for breath overnight, with Wall Street easing slightly after a frenzied Monday session. Rotational spin was the theme of the day, and yesterday’s lucky recipient was the European Union, with markets delivering the author a slap in...
Ivey PMI Could Boost Canadian Dollar
The Canadian dollar has reversed directions on Tuesday and posted slight losses. Currently, USD/CAD is trading at 1.2549, up 0.25% on the day. Canada Ivey PMI expected to climb The Ivey PMI rebounded in impressive form in February, rising to...
Recovery Optimism Sends Dax to Record High
Dax, FTSE gain ground European stocks are bounding higher on Tuesday, rallying to record levels on signs of economic recovery, even as the region battles with its third wave of Covid and attempts to ramp up its vaccine programme. News...
Ka-Boom: Services ISM Hits Record High
Summary The ISM Services PMI surged more than eight points to 63.7 in March, signaling a record pace of expansion. The jump in the new orders and employment components is indicative of coming activity and suggests the hard-hit service sector...
Ka-Boom: Services ISM Hits Record High
Summary The ISM Services PMI surged more than eight points to 63.7 in March, signaling a record pace of expansion. The jump in the new orders and employment components is indicative of coming activity and suggests the hard-hit service sector...
Markets Await RBA Decision
The Australian dollar has started the week with slight gains. Currently, the pair is trading at 0.7626, up 0.25% on the day. US Nonfarm Payrolls easily outperforms Friday’s Nonfarm payrolls was expected to be strong, and NFP delivered big, with...
Weekly Economic & Financial Commentary: Activity Marches Higher
Summary U.S. Review: Activity Marches Higher The improving public health position led to an easing of restrictions and pickup in activity across the country in March. Data this week show an economy set to fire on all cylinders. The daily...
Week Ahead: US Jobs Hiring Spree Suggests Reflation Trade is Back
Country US The US economy is about to run hot as a hiring spree has officially started. The dollar may have got its groove back as Treasury yields are rising again. It will take several months of massive job gains...
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