Economic News, Page 15

It’s another busy day on the economic calendar. While the stats will influence, Trump’s tweets will need to be market-friendly for the majors to see green.

Hurricane Dorian could intensify as it approaches the US

There are a record number of shorts in the natural gas market and they have to either rollover into the October futures contract, hoping for a bearish September, or they have to start covering while preparing for the Fall Shoulder Season. It looks like some have decided to lighten up

U.S. futures rebound on calming rhetoric from China and better than expected economic data.

“We firmly reject an escalation of the trade war, and are willing to negotiate and collaborate in order to solve this problem with a calm attitude” Gao said

Asian traders are taking their cues from the activity in the U.S. Treasury markets. Their primary focus is on the long-term 30-year Treasury bond yield and the inverted 2-year/10-year Treasury note spread.

Futures point to another day in the red. Economic data out of the Eurozone and the U.S will influence throughout the day…

Crude oil inventories sank more than expected lifting energy shares

Johnson raises the stakes of a no-deal departure from the EU in an attempt to force the EU’s hands. It could back fire…

Global markets are in retreat as the yield-curve inversion in U.S. treasuries deepens.

Hu Xijin, editor-in-chief at Chinese state-run newspaper The Global Times, said in a tweet Tuesday that China is “not putting so much emphasis on trade talks,” adding that it’s more difficult” for Washington to press Beijing to make concessions as the Chinese economy is becoming increasingly driven by domestic growth.

Futures are pointing to a positive start but German consumer confidence and Italian politics could spoil the day…

Philip Morris and Altria are considering a merger

Global markets edge higher on trade hopes but the outlook is as murky as ever, the major indices poised for sharp declines.

The major European indexes are trading slightly lower with investors continuing to monitor U.S.-China trade relations, while waiting for direction from the United States markets. Investors are also monitoring political developments in Italy.

We all know that hope, fear and greed drive the markets. On Friday, fear was behind the steep sell-off. It attempted to show up again early Monday, but hope arrived to save the day, fueling a substantial reversal to the upside in U.S. stock market. The catalysts behind both moves

US stock prices surged on Monday, but the futures markets initially pointed to a lower open during the Asian time zone. Strong rhetoric from President Trump on Friday, put downward pressure on US stock futures. The rhetoric eased during comments from the G7 summit on Monday, allowing futures to rise

Barring any deviation from 1st estimate figures, today’s stats will unlikely be of much influence. Geopolitics continues to drive the majors.

The global markets are volatile on Monday following a weekend of major geopolitical events. Caution is still the name of the game.

White House economic adviser Larry Kudlow said on Sunday that he doesn’t believe China will retaliate against additional tariffs on Chinese imports that President Trump announced Friday.