Economic News, Page 15

The major U.S. equity indexes are under pressure Wednesday following a weaker cash market opening. Investors are cutting risk and paring positions in reaction to lingering concerns over Turkey’s financial crisis. The benchmark S&P 500, the blue-chip Dow and the tech-driven NASDAQ Composite have all fallen by as much as

The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a China’s claim to the WTO about US tariffs on renewable energy imports and subsidies to their own producers; Turkey has put obstruction duties on a number of goods from the

Asian equity markets finished lower on Wednesday as worries over Turkey’s currency crisis continued despite efforts by the country to stabilize the Lira.At 0300 GMT, Japan’s NIKKEI is trading 22270.90, down 85.18 or -0.38%. Hong Kong’s HSI is trading 27417.85, down 335.08 or -1.21% and the KOSPI is at 2258.91,

There is a demand for profit-taking in the markets after powerful movements at the end of last week and a very aggressive trading start of the week. On Monday afternoon there was a cautious demand for some risky assets, as investors considered recent sell-off has gone too far. However, investors should be cautious. The key

Asian stocks edged higher on Tuesday as investors shrugged off the economic turmoil in Turkey and turned their focus on a slew of economic data from China. Today’s reports include Fixed Asset Investment, Industrial Production, Retail Sales and the Unemployment Rate.Japan’s NIKKEI produced the largest gain, rising 1.16%, with most

Current U.S. government trading data is reflecting accurately speculator sentiment in the U.S. Dollar, gold, and crude oil. This has been beneficial for long-term trend traders, but it could also serve as a key contrarian indicator.According to the U.S. Commodity Futures Trading Commission’s Weekly Commitment of Traders report for the

On the MacroFor the Dollar, Key stats out of the U.S include July retail sales figures due out on Wednesday and consumer sentiment figures on Friday, with sensitivity towards the ongoing trade war putting a greater emphasis on manufacturing and production figures due out on Wednesday and Thursday. Geo-political risk

The major U.S. stock indexes finished mixed last week with the S&P 500 Index posting a lower close for the first time since the week-ending June 29. Weighing on equities were worries of financial and currency turmoil in Turkey as well as continued tariff retaliation between the United States and

Mortgage rates eased back, following two consecutive weeks of gains, in the week ending 9th August, the pullback in mortgage rates only minor however, with rates sitting not far off May’s highs for the year, according to figures released by Freddie Mac.Following softer inflation figures for June and the 2nd

This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes, this time result in increased volatility. So far we have seen this in the EM currencies that have been subjected to sanctions or

American indices added yesterday on strong earnings reports, where tax cuts were favorable for profit. Asian indices in the morning add-on speculation that China will protect local companies from the trade conflict with the U.S. through fiscal stimulus. Besides, the restrictions on speculation introduced by Beijing a few days ago

After a two-sided pre-market trade, U.S. stocks opened slightly lower in the cash market, as weakness in shares of Intel raised concerns about the technology sector.Intel dropped more than 1 percent on the opening after Barclays downgraded the company to equal weight from overweight, citing rising competition from rival chipmaker

The dollar adds at the start of a new week, despite the weak employment growth in July report. The EURUSD pair is trading near the 6-weeks lows at 1.1550. Despite a poor number of jobs created, market participants felt that the Fed would maintain its commitment to the gradual tightening

On the MacroFor the Dollar, Key stats out of the U.S include June’s JOLT’s job openings on Tuesday and July’s inflation figures due out on Thursday and Friday. Focus will be on the inflation numbers, with any pickup in inflation a positive for the Dollar, though much will depend upon

Mortgage rates were on the rise for a 2nd consecutive week in the week ending 2nd August, the latest rise seeing the 30-year hit levels not seen since back in May, according to figures released by Freddie Mac.The upward trend comes at the wrong time for the housing market, which

The U.S. Dollar posted a two-sided trade last week against a basket of currencies. The greenback was driven lower Monday and early Tuesday before reversing to the upside. This created enough upside momentum to fuel a three day rally before reversing to the downside on Friday.For the week, the September

U.S. stock market investors took Friday’s mixed U.S. Non-Farm Payrolls report in stride, helping to post gains across the board in the three major stock indexes. Investors also seemed to shrug their shoulders at newly proposed tariffs on U.S. goods by China.In the cash market, the benchmark S&P 500 Index

In U.S. economic news on Friday, the Labor Department said the U.S. economy added 157,000 jobs last month. This headline number for July missed the forecast, but previous months were revised higher, thereby softening the disappointment. Jobs growth for June was revised up to 248,000 from 213,000.Average hourly earnings met

Let the blame game begin. What’s causing today’s stock market weakness? Some say President Trump’s ratcheting up of trade tensions after imposing stiffer tariffs on China on Wednesday. While Trump may share some of the blame, there is plenty to spread around.Let’s start with the disappointing earnings report from Facebook.

The US Fed kept its interest rates unchanged and indirectly confirmed the pace for further tightening of the monetary policy. The Fed noted the labor market strengthening, as well as the strong growth in household spending and business investment. The commentary did not provoke any big market reaction as it had expected