Economic News, Page 3

Asia Moves Higher On Renewed G-20 HopesAsian markets moved higher in Wednesday trading as G-20 hopes are renewed. Comments from Larry Kudlow, trade adviser to the US President, that communication was occurring at all levels rekindled expectations the meeting between Chinese President Xi Jinping and Donald Trump would produce positive

Although this trading session started off weakly, the US stock indices have increased by 0.3%-0.4% on Tuesday, showing signs of a rebound. US futures point to a higher open before the opening. The meeting of the leaders of the USD and China in the upcoming weekend has sparked a positive

Asian equity markets are trading mixed on Wednesday as cautious investors braced for an important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping at the G20 summit on November 30 – December 1 in Argentina.At 0139 GMT, Japan’s Nikkei 225 Index is trading 22112.28, up 159.88 or

U.S. Federal Reserve Vice Chairman Richard Clarida, the 2nd in command, was at it again, nearly reiterating his comments from almost two weeks ago that the central bank’s gradual approach to interest-rate hikes is appropriate as U.S. monetary policy approaches a neutral level.“As the economy has moved to a neighborhood

Asian Markets Are Mixed As Trade Concerns ResurfaceAsian indices were mixed on Tuesday as trade concerns resurface. Ex-China was up an average 0.80% in the wake of the US rebound on Monday while Chinese and Hong Kong-based markets were more cautious. The Shang Hai closed with a loss near -0.04%,

A significant market decline often indicates a market correction phase. Last Friday, index S&P 500 closed on the lowest levels for the last six months, losing 10.2% from the September peaks, and marking its entry into the market’s correction phase.However, the market reactions so far signal that the demand for

Instead of “Cyber Monday”, today probably should be called “Counter-Trend Monday’ as many of the markets that were beat up last week are posting upside reversals today. Among the assets showing gains are stocks, crude oil and the Euro. Short-covering is helping stocks and crude oil to recover. The Euro

On the MacroFor the Dollar, it’s a busy week ahead, with key stats including consumer confidence figures on Tuesday, finalized 3rd quarter GDP and new home sales figures on Wednesday, pending home sales, October inflation and consumer spending on Thursday and PMI numbers on Friday. Outside of the stats, the

It was a holiday-shortened week as U.S. investors took a day to give thanks for what they have. Perhaps they should’ve given thanks for what they “had” because intense selling pressure led to U.S. stocks posting their worst Thanksgiving-week performance in seven years. That wasn’t the only accomplishment of the

After a steady week that came off the back of an 11 basis point jump in 30-year fixed mortgage rates in the week ending 8th November, mortgage rates hit reverse last week with a 13 basis point slide to 4.81% the largest weekly fall since January 2015, according to figures

Asia Cautious In Wake Of US DeclineAsian markets were cautious in the wake of Tuesday’s US sell-off. The US broad market index fell -1.82% on worries in tech and traders remain wary. The Hong Kong Heng Seng led gains in the region with an advance of 0.50%, the Shang Hai

Assets that have shown great performance last year, have again gone through another strong decline.Yesterday, Nikkei fell by 2.2%, back to 7-month lows. On Tuesday, DJI had lost more than 2%, subsequent to the decline of the shares of the energy sector, throwing the index back to October’s lows. It

A steep plunge in U.S. equity markets is wreaking havoc on crude oil prices on Tuesday as hedge fund investors scramble to meet margin calls on their futures contract positions.Stocks were under light pressure during the pre-market session when Target reported weaker-than-expected earnings for the previous quarter. The company also

Asian Down On Global WoeAsian markets closed down across the board on Tuesday as mounting global woe rocked the market. The Chinese ShangHai and Hong Kong Heng Seng led with losses greater than -2.0% while others in the region fared better. The Japanese Nikkei was down a more modest -1.10%

With the UK’s exit from Europe on 29 March 2019 just over 4 months away, uncertainty continues to grow. Just when it appeared that Prime Minister Theresa May had a deal and her cabinet’s approval, ministers began to resign.It appears the Prime Minister does not have the backing of Parliament

Stocks are down in Asia with investors following the tracks laid down by the weaker U.S. markets. This is setting the tone for a lower opening in the U.K. and Europe.U.S. stocks were drilled lower by another plunge in the technology sector, specifically the popular sub-sub-sector called the “FAANG” stocks.

Another drop in shares of Apple may be grabbing the headlines, but it’s the housing stocks you should be watching. Shares related to the housing sector are under pressure on Monday after a survey of national homebuilders showed a steep drop in home builder confidence.The National Association of Home Builders/Wells

Asian Markets Buoyed By Easing Trade TensionsAsian market was mostly higher despite a bombshell allegation against Nissan Chairperson Carlos Ghosn. Ghosn has been accused of violating major Japanese financial laws that may have a material impact on his ability to lead Nissan. The Nissan board issued a statement that Ghosn

On the MacroFor the Dollar. Stats for the week ahead include October housing sector data on Tuesday and Wednesday, along with October durable goods orders numbers, the weekly jobless claims and finalized November consumer sentiment numbers due out on Wednesday, with November’s prelim private sector PMI numbers on Friday to

Following the previous week’s 11 basis point jump in 30-year fixed mortgage rates to a 7-year high, rates held steady in the week ending 15th November, with a number of factors pinning mortgage rates back from another week of gains through the week.Economic data released through the week included October