Economic News, Page 4

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

U.S. equity markets were down sharply last week with most of the losses being fueled by a strong downturn in the technology sector. Individual issues continued to weigh on the markets with shares of Apple, Amazon and Netflix posting steep losses.Facebook was also a big loser last week, falling nearly

Asian Markets Move Broadly Higher On Brexit HopesAsia, led by China, moved broadly higher in Thursday trading, extending a bounce that began earlier in the wee. The Hong Kong-based Heng Seng led advancing indices with a gain of 1.75% followed by a 1.36% gain for the Shang Hai Composite. The

Federal Reserve Chairman Jerome Powell spoke Wednesday night (2300 GMT) and stock market bears were watching, hoping he would say something similar to his late September comments which some say ignited the current sell-off in U.S. equity markets. This was not the case, however, with the markets remaining relatively calm.Powell

The major U.S. equity markets finished lower on Wednesday as shares of Apple continued to lead the charge to the downside. Steep losses in bank stocks also contributed to the declines. Heightened volatility was the theme in the market with the benchmark S&P 500 Index closing lower for a fifth

Asia-Pacific Equities Sink On Plunging Oil PricesAsian markets were down nearly across the board as the price for WTI and Brent crude fell to a one-year low. Both global oil benchmarks fell more than -7.0% in Tuesday trading as supply-glut, and downward pressure in prices bent the market to capitulation.

The major equity indexes in Asia are trading lower early Wednesday as investors digest the mixed price action on Wall Street while continuing to monitor potentially positive developments in the lingering trade dispute between the United States and China. Traders are also responding to fresh economic data from China. The

Most Asian Indices Fell On Weakness In TechMost Asian equities markets fell on weakness in the technology sector. The losses were led by Apple suppliers like Japan Display which fell -9.0%. News released Monday from Lumentum suggests sales of Apple’s iPhones are slowing and that has the entire tech sector

The Euro is trading higher early Tuesday as Italy prepares to submit a revised version of its budget, keeping investors on edge. On top of the simmering tensions between the European Union and the Italian government, investors are also expressing concerns above the negotiations between the UK and EU over

The major equity markets are down in Asia early Tuesday in wake of the steep sell-off in the U.S. stock markets on Monday. Like the rout in the U.S., weakness in Apple is guiding the markets lower. No major financial region was spared either with losses stretching from Japan to

Asia Mixed, Traders Wary Of Global Oil SupplyAsia markets closed mixed to end the first trading day of the week. The Shang Hai Composite led advancing issues with a gain near 1.25%, but most other indices in the region moved less than 0.20% at the end of Monday trading. The

Crude oil bears could be in for a surprise on the opening on Monday due to a shift in the fundamentals on Sunday. According to a report from Bloomberg, “Saudi Arabia signaled it will reduce oil exports by as much as half a million barrels a day in December, the

On the MacroFor the Dollar, key stats through the week include October inflation figures on Wednesday, with retail sales, business inventories and Philly and NY State manufacturing PMI’s due out on Thursday, ahead of September industrial production figures on Friday. The inflation and retail sales figures will be the key

Following last week’s downward move, mortgage rates rebounded in the week ending 8th November, with 30-year fixed surging by 11 basis point to a 7-year high 4.94%.Economic data through the week was on the lighter side with a slightly softer non-manufacturing sector October PMI continuing to support a positive outlook