Economic News, Page 2

  • Global Markets Fall

    China Down On Weak Trade, EU Market Down On Growth Fears, US Market Down On Global Weakness

    China Falls On Weaker Than Expected Trade Data Asia markets led the globe lower on Monday morning as weaker than expected trade data raises fears of a global economic slowdown. The Chinese import/export data both missed by large margins raising the possibility China’s government would continue to loosen economic policy

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  • week ahead

    The Week Ahead – Trade, the ECB and Brexit to Rattle the Markets

    On the MacroFor the Dollar, it’s another busy week ahead, with key stats including October JOLTs job openings on Monday, November wholesale and consumer price inflation numbers due out on Tuesday and Wednesday. A heavy day of stats on Friday includes October business inventories, November retail sales, and industrial production

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  • rates

    U.S Mortgages – A Downward Bias Forming as the FED Grows Wary

    Mortgage rates hit reverse in the week ending 6th December, the fall coming off the back of a slide in market risk appetite that weighed heavily on the U.S and global equity markets. 30-year fixed rates eased back to 4.75% according to Freddie Mac, providing some much-needed respite to prospective

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  • U.S. Dollar

    Dollar Pressured by Weak Economic Data, Concerns Fed Will Soften Monetary Policy

    Economic data and U.S. Federal Reserve member comments controlled the price action in the U.S. Dollar last week. Economic data came in on the weak side last week, raising concerns over economic growth. Dovish Fed comments as well a Wall Street Journal report suggested the Fed may be considering the

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  • U.S. Federal Reserve

    Jobs Report Weak, but Fed Still on Path to Raise Rates in December

    A weaker-than-expected U.S. nonfarm payrolls report set-off volatile reactions in several markets on Friday amid concerns the U.S. Federal Reserve may have to consider curtailing its plans to raise rates aggressively in 2019. The slow job growth suggests that economic growth may be losing steam, but not enough to sway

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  • Economic Uncertainty

    Will U.S. Jobs Report Signal Loss of Momentum in Labor Market?

    U.S. investors had their hands full on Thursday with early session weakness being fueled by the news that Huawei CFO Meng Wanzhous was arrested by Canadian authorities in Vancouver and a late session recovery being triggered by a report which suggested Federal Reserve officials are mulling a new “wait-and-see” stance

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  • Yield Curve

    Treasury Yield Plunge Points to Lower Expectations for Inflation

    Treasury futures continued to surge on Thursday with the benchmark 10-year Treasury note falling to 2.83 percent as investors flocked to safe-haven assets amid another steep sell-off in the U.S. equity markets on Thursday. The catalysts behind the price action were fear of an escalation of the trade conflict and

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  • markets slowdown

    Arrest Rocks Tech Stocks, Trade Tensions Pressure Markets, Economic Slowdown In Focus

    The Arrest Of Huawei CFO Meng Wanzhou Rocks Tech Asian markets were down across the board as trade fears flare-up once again. The CFO of Huawei, a Chinese tech conglomerate, was arrested in Canada and is set for extradition to the US. The arrest is for an alleged violation of

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  • Gold Bars and Dollar

    Crude Flat Ahead of OPEC Meeting, Gold Supported by Treasury Yield Curve Inversion

    The New York Stock Exchange, NASDAQ Exchange and U.S. Treasury markets were closed Wednesday as the nation remembered the life of former President George H.W. Bush. Trading in the cash market will resume on Thursday. Futures traders picked up where they left off on Tuesday, by driving the major stock

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  • us market closed

    US Drags Global Indices Lower, EU Retail Sales Better Than Expected, US Markets Closed

    A Weak US Drags On Global MarketsAsian indices were down across the board in the wake of Tuesday’s broad sell-off in the US equities market. The sell-off was driven by two factors that combined to produce a wave of risk-off trading; rising trade fears and falling interest rates. The Heng

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  • Stock Market Turmoil

    U.S. Stocks Tumble on Fear Economy is Poised to Weaken

    The major U.S. stock indexes plunged on Tuesday, posting their biggest declines since October, as investors took profits following Monday’s sharp rise. The catalysts behind the massive shedding of risky assets are concerns over a possible economic slowdown and worries around U.S.-China trade which added to Wall Street jitters.In the

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  • Bond Yields

    Treasury Yield Inversion Has Raised Concerns Over Recession

    The plunge in U.S. Treasury yields is causing all kinds of problems for stock market investors on Tuesday. The drop in yields is an indication that investors doubt the Federal Reserve can continue on its path of aggressive rates hikes in 2019, and may even be raising questions as to

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  • wall st

    Asia Mixed On Trade Hangover, Autos Drag EU Lower, US Market Braces For Data

    Asian Markets Were Mixed As Trade-Truce Reality Set InAsian markets closed Tuesday mixed after the realities of the trade-truce set in. The truce is a major step forward and reprieves for a tired market but a long way from a lasting deal. The deal at best is a temporary agreement

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  • markets

    Global Stocks Drift Lower, Death Cross Looms Over S&P500, GBPUSD is Walking on Thin Ice

    After the initial breakthrough on the truce in the trade wars, the U.S. and Chinese indices had lost momentum, and today are performing a moderate decline. On Tuesday morning, Futures on S&P500 are around 2775, cutting 1.8% gains from Friday down to 0.4%. Shanghai’s China A50 is 1% below peak

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  • g20

    G20 Aftermath: Oil up 4%, SP500 up 1%, USD Down and CNH Up. What’s next?

    On the first trading day after the G20 summit meeting in Buenos Aires, risk trades have jumped, with some of the largest single-day increases seen in years.The Dow Jone added 287.97 points or 1.13%, the SP500 rose 30.2 points, or 1.09% (the largest single-day climb in seven years), and the

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  • US Indices Rise

    Trade Truce Lifts Equities, Miners Stocks Up 4%, Dow Surges 450 Points

    Asian Markets Surge As Trade Truce Lifts Equities Asian markets were up across the board as news of a truce between Chinese President Xi Jinping and US President Donald Trump swept through the market. The agreement reached during the G-20 Summit in an unrelated meeting puts a halt on tariff

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  • Global Stocks Soar

    Is the Well-Known Christmas Rally Going to Occur This Year As Well?

    The last couple of days have been very positive for US equities – indices have advanced for six straight days and the SP500 index is now nearly 7 percent higher than last week’s lows. This is, indeed, a very strong move to the upside.Stocks surged on Wednesday after the Federal

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  • US and China

    The Demand for Risky Assets Has Risen Sharply Thanks to China and the U.S.

    The U.S. and China have declared a truce in the trade war, and have agreed not to introduce new tariffs, and try to reach an agreement in the next 90 days. As a result, the U.S. dollar has been languishing at lower levels while the stock markets have been rapidly

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  • the week ahead

    The Week Ahead – a Trump – Xi Truce, Brexit and Monetary Policy in Focus

    On the Macro For the Dollar, It’s a busy week ahead on the data front, with key stats including November private sector PMI numbers due out on Monday and Wednesday. Other key stats include November’s ADP nonfarm employment change figures on Wednesday, trade and factory order numbers on Thursday and the

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  • mortgage rates

    U.S Mortgages – Mortgage Rates Steady to Support a Jump in Applications

    There was little action in mortgage rates last week, with rates holding steady following the previous week’s largest fall since January 2015, 30-year fixed mortgage rates unchanged at 4.71% in the week ending 29th November.According to the weekly report released by Freddie Mac, there was a jump in purchase mortgage

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