Economic News, Page 5

The Chinese Yuan hits the lowest point since 2008

Global stocks go into a tailspin as the U.S./China trade war escalates, there is no hope for a deal at this time.

The trade war just took a turn for the worse and the global financial markets have reacted. The markets now await a Trump reaction…

Following the FOMC meeting last week, two interest rate decisions (RBA and RBNZ) are scheduled next week. From an economic perspective, GDP releases are the highlights, while with the focus on geopolitical trade tensions, data releases are likely to be overlooked.

Can the markets look beyond Twitter to focus on the stats, or will trade war chatter continue to pressure the majors on the day ahead?

Geopolitics, economic data, and monetary policy take center stage. We can expect a choppy week ahead and that’s before Trump’s tweeting…

Mortgage rates held steady last week but could be in the for a slide as Trump signals fresh tariffs on Chinese goods.

Compounding the weakness in the U.S. Dollar at the end of the week was news of slower U.S. employment growth in July. Nonfarm payrolls increased by 164,000 jobs in July, fewer than the month prior, and wages increased modestly, the Labor Department said. Some traders believe the report increased the

It was quite a week for the majors. A hawkish FED rate cut and Trump tweeting tested the majors on the week… A busy economic calendar was also in focus.

Global markets tank after Trump breaks the trade truce, 10% tariffs on $300 billion of Chinese goods go into effect September 1, 2019.

As the trade war enters a new phase, will the U.S administration have to back down or will it be Beijing who buckles under the threat of fresh tariffs?

The futures are signaling a sharp tumble as investors react to Trump’s latest tariff threat. Today’s stats may well be brushed aside…

Tariff announcement generates volatility

Global markets are mixed as traders react to Wednesday’s surprise FOMC comments.

A hawkish FED rate cut could pin the majors back, though much will depend on today’s stats and corporate earnings…

Once conditions settle down and the major indexes reach value areas on the charts, I think we’re going to see renewed buying and probably new record highs by the end of the year. The way I see it, if the economy continues to weaken then stocks may feel some pressure,

Powell’s comment clearly forced investors to make adjustments to their fixed income portfolios. The yields on the benchmark 10-year Treasury note, settled lower to trade at 2.013%. The 2-year Treasury yields, more sensitive to changes in Fed policy, rose 2 basis points to 1.872%.

Energy shares buck the trend

Strong labor data in the U.S. is another sign the market should not expect too much from today’s FOMC decisions.

In Australia, the Consumer Price Index (CPI) rose 0.6 percent over the quarter. This put it up 1.6 percent for the year. The bounce in inflation over the June quarter likely eased the pressure on the Reserve Bank to cut interest rates again immediately.