- James HyerczykUS Dollar Posts Worst Week of the Year as Yields Drop on Dovish Fed Minutes
Helping to pressure the U.S. Dollar were higher-than-expected weekly initial claims, but this was somewhat offset by a jump in producer prices.
- James HyerczykDovish Fed Minutes, Weaker US Dollar Underpin Asia-Pacific Currencies
Despite lower U.S. Treasury yields, the Aussie struggled. Perhaps putting a lid on prices was the dovish policy statement from the RBA.
- ReutersCanada’s Telesat Takes on Musk and Bezos in Space Race to Provide Fast Broadband
OTTAWA (Reuters) – Canada’s Telesat is racing to launch a low-earth-orbit (LEO) satellite constellation to provide high-speed global broadband from space, pitting the satellite communications firm founded in 1969 against two trailblazing billionaires, Elon Musk and Jeff Bezos.
- James HyerczykMost Asia-Pacific Stock Markets Finish Lower as China PPI Rises More than Expected
China’s factory gate prices rose at their fastest annual pace since July 2018 in March, as growth continued to gather momentum.
- ReutersECB Must Accept No Further Delay in Lifting Inflation: Panetta
FRANKFURT (Reuters) – The European Central Bank should accept no further delay in lifting inflation back to its target as the current outlook is unsatisfactory and persistent misses risk damaging the economy, ECB board member Fabio Panetta told Spanish newspaper El Pais.
- Bob MasonThe Week Ahead – Economic Data, COVID-19, and Corporate Earnings in Focus
It’s a busy week ahead. Economic data will draw plenty of attention as will COVID-19 news updates. Corporate earnings will also influence, however.
- Bob MasonEuropean Equities: A Week in Review – 09/04/21
Optimism and assurances of unwavering central bank support delivered for the majors in the week. It’s a busier week ahead, with earnings also in the mix.
- Bob MasonEuropean Equities – German Industrial Production and Trade in Focus
The German economy is back in focus today, with industrial production and trade data due out. Following fresh highs on Thursday, the majors will need support to go higher.
- ReutersU.S. Weekly Jobless Claims Unexpectedly Rise, but Labor Market Improving
WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the increase likely understated the rapidly improving labor market conditions as more parts of the economy reopen and fiscal stimulus kicks in.
- ReutersSoftBank, Franklin Invest $210 Million in OneTrust at Over $5 Billion Valuation
(Reuters) – SoftBank Vision Fund 2 and Franklin Templeton led a $210 million investment in OneTrust at a valuation of more than $5 billion, the privacy and security software provider said on Thursday.
- ReutersASOS Wary on Outlook as Finances of 20-Somethings Face Pandemic Hit
LONDON (Reuters) -British online fashion retailer ASOS reported a 275% jump in first-half profit, driven by the popularity of e-commerce during the pandemic but was cautious on the short-term outlook given concerns about the economic prospects of its young customers.
- ReutersTesla Lashes Out at German Red Tape Ahead of Planned Site Opening
BERLIN (Reuters) – Tesla sharply criticised lengthy regulatory processes in Germany ahead of the planned opening of its first European gigafactory this summer.
- ReutersGameStop to Elect Cohen as Chairman Following Annual Meeting
(Reuters) – GameStop Corp, which has been part of a recent Reddit-driven trading frenzy, said on Thursday it intends to elect Ryan Cohen, the videogame retailer’s biggest shareholder and board member, as chairman following its annual meeting.
- ReutersCut the Debt of Poor Countries, Pope Tells IMF, World Bank
VATICAN CITY (Reuters) – Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to have their debt burden reduced and be given a greater say in global decision making.