Economic News, Page 3

  • Source: Breitbart

    Asia Up On G-20 Hopes, Tech Leads In The EU, Jerome Powell Speech In Focus

    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

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  • China Flag and Yuan

    Global Stocks Mostly Higher, The Yuan and the Chinese Market Are in High Risk

    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

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  • Optimistic Trader

    Stock Investors Cautiously Optimistic about Trade Deal after Trump Advisor Kudlow’s Comments

    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

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  • Source: Forexlive

    Fed’s Clarida Says Policy is Closer to “Neutral” but Couldn’t Say How Close

    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

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  • trump

    Trade Concerns Resurface, Geopolitics Weigh On Stocks, Trump Pushes Forward With Tariff Plans

    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%,

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  • us indices

    Global Stocks Mixed on Trade Fears, U.S. Indices Aiming For A 5% Increase

    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

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  • U.S. Dollar

    U.S. Dollar Will Be Biggest Loser if Stock Market Stabilizes and Rallies

    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

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  • week ahead

    The Week Ahead – Brexit, the FED and the G20 to Hit the Markets

    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

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  • Consumer Spending

    Will Robust Consumer Holiday Spending Save the U.S. Markets?

    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

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  • mortgage rates

    U.S Mortgages – Rates Hit Reverse

    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

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  • Markets

    Cautious Markets Creep Higher, Banks Lead In EU, Tech Leads In The US

    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

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  • Global Stocks Rebound

    Global Stocks Rebound But The Overnight Market Decline Seems to Be the Sum of Individual Stories

    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

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  • Stocks Buy Sell Dice

    Stocks Plunge, Oil Drops, Euro Weakening, Nat Gas Traders Bracing for Cold Temps

    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

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  • FAANG Stocks

    Global Market Slide, Tech Wreck Drives Losses, US Market De-FAANGed

    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%

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  • Brexit

    The UK’s Tedious Path Toward March 2019

    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

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  • Stock Market Turmoil

    “FAANGs” Weigh on U.S. Tech Index, Nissan Scandal Sinks Nikkei, RBA Minutes Dovish

    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.

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  • Gold

    Plunge in Homebuilder Sentiment Bearish for U.S. Dollar, Stocks but Bullish for Gold, Japanese Yen

    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

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  • markets

    Asia Up Despite Nissan Bombshell, Brexit Hopes Lift UK, Trump Ready To Deal

    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

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  • The week ahead

    The Week Ahead – Brexit, Italy, Trade Talks and Policy Meeting Minutes in Focus

    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

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  • mortgage rates

    U.S Mortgages – Rates Steady after early November’s Jump

    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

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