Economic News, Page 5

On Saturday, Bank of Japan Governor Haruhiko Kuroda said the BOJ will “certainly” reduce short- to medium-term interest rates if needed to ease monetary policy. This suggests that deepening negative rates will be the primary tool to fight heightening overseas risks.

Expect a choppy day ahead as the markets focus on the UK Parliament and Brexit. A call for a general election would test the majors…

Chinese Vice Premier Liu He said on Saturday, “The two sides have made substantial progress in many fields, laying an important foundation for the signing of a phased agreement. Stopping the escalation of the trade war benefits China, the U.S. and the whole world. It’s what producers and consumers alike

It’s another big week for the global financial markets, Corporate earnings, Brexit, trade and economic data in Focus. It’s also Draghi’s last media show…

Weak economic data through the week failed to pin back mortgage rates as easing geopolitical risk drove U.S Treasury yields and mortgage rates.

It was the week where the Dollar took the hit, while Brexit progress provided support to the EUR and GBP.

A bearish end to the week left the CAC40 in the red, while the DAX30 and EuroStoxx600 saw green. Brexit highs and lows drove the majors.

Brexit could generate volatility

Global markets are flat as concerns for global economic stability outweigh earnings.

China emphasized Thursday that the U.S. must remove tariffs in order for the two countries to reach a final agreement on trade, Ministry of Commerce spokesman Gao Feng said.

With less than two weeks to go before the U.S. Federal Reserve interest rate decision on October 30, every economic report will take on added importance especially with the manufacturing sector weakening, the labor market showing signs of softening and inflation still coming in below expectations.

The trading range tightened and volume dropped shortly thereafter as investor’s reacted to the lingering uncertainty tied to the news. Once again, some of the headlines were deceiving. This was not a done deal. The U.K. Parliament has yet to approve the deal before it can be implemented, and this

3rd quarter GDP numbers out of China will set the tone for the day, as the markets look ahead to tomorrow’s Brexit vote…

Stocks rise on the back of a new Brexit deal but the highs were not held, Parliament and the EU still need to accept the arrangement to stave off a hard-Brexit.

Brexit will be the key driver on the day, with no material stats due out of the Eurozone to influence. U.S stats will also influence later in the day.

Bank of America Beats

The earnings-driven rebound stalls as concerns over the Phase I trade deal begin to take center stage.

What traders could be waiting for is Trump’s response. Will he defy his promise to Chinese President Xi Jinping, or will he remain silent?  It’s highly unusual for Trump to remain silent for too long especially when a foreign country threatens the U.S. with “strong countermeasures.”

Asian shares were supported on Wednesday after optimistic comments on Brexit from European negotiator Michel Barnier were backed up by reports that a draft legal text over the divorce was being drawn up.

One group like Fed Chair Jerome Powell believes the outlook is generally positive. Another believes the U.S. economy needs even easier policy to avoid sinking into a recession. Still a third group believes the Fed has gone far enough or even a little too far in trying to revitalize the