Economic News, Page

The better-than-expected economic data demonstrated the resilience of the U.S. consumer in keeping the current economic expansion alive, and the solid corporate earnings from U.S. banks points toward the importance of the Fed holding interest rates at favorable price levels.

While some consider Iran the nemesis, others consider pandemics as the major thorn…

The United States removed China from a list of countries considered currency manipulators just two days before top trade negotiators for Washington and Beijing signed a key “Phase One” trade deal, the Treasury Department announced on January 13.

It was quiet a week, which culminated in Dollar dominance and Pound woes.

A bullish end to the week delivered for the majors. Economic data continues to disappoint, however.

On Thursday, the U.S. Senate overwhelmingly approved the new free-trade agreement between Canada, the United States and Mexico. The deal, which covers the biggest free-trade zone in the world, should boost the economies of all three countries.

Eurostat also confirmed its earlier estimate that month-on-month prices in the 19 countries sharing the Euro rose 0.3%.

Other Chinese economic data released alongside the GDP numbers showed growth in industrial output and retail sales for the month of December. Analysts read the data from Beijing positively, although there was still some caution about the partial trade deal with the U.S.

China 4th quarter GDP numbers and stats out of the U.S to influence.

It was a busy 1st half of the week for the markets. Trade and economic data were in focus.

Global markets are mixed following the signing of the Phase One Trade deal.

The U.S .and China signed the ‘Phase One’ trade agreement, after years of a bitter trade war between the sides. Still, the accord is only a first step, as some U.S. tariffs will remain in place.

The Australian share market surged into record territory on Thursday, passing the 7000-point milestone for the first time ever. The Bank of Japan is expected to keep monetary policy steady next week.

There was nothing in the Beige Book to suggest a change in Fed policy. Even with the signing of the trade deal between the United States and China on Wednesday, Fed policymakers are likely to maintain their wait and see approach.

The futures say green as the markets respond to the signing of the phase 1 trade agreement. Economic data from the U.S will influence today.

The German economy, once synonymous with robust growth, had a miserable 2019. GDP increased by just 0.6% and trade friction between the EU and the U.S. could weigh on Germany’s economy in 2020.

Global markets are mixed as traders wait for the Phase One deal signing. The details so far suggest the Phase One deal is far less than the market was expecting.

The fact that tariffs are likely to remain in place until after the 2020 U.S. presidential elections is rattling investors along with U.S. Treasury Secretary Steven Mnuchin’s comment that existing tariffs on Chinese goods would stay, pending further talks.

Extreme weather conditions, raging bushfires and tensions with Iran have been the dominant themes making headlines. While geopolitical risks bring periodic bouts of volatility, heightened discussions on climate change may reshape the investment landscape quicker than anticipated. The climate risk is calling for sustainable investment. Eyes are now on the

It’s a busy day ahead for the majors. Economic data from the Eurozone and the U.S, corporate earnings, and trade are in focus.