Economic News, Page 5

The Grand Coalition lose ground, but the Populists fail to make a mark. For the UK, the results were as expected and leave Britain divided.

It’s another big week ahead. EU Elections will get the markets going early on Monday. Trade war chatter and UK politics and stats will also be in focus.

Mortgage rates fall again as the U.S – China trade war begins to take its toll on the U.S and global economies.

Treasury investors are pricing in a rate cut by the end of the year, but the minutes of the Fed’s May policy meeting released last Wednesday showed officials expect patience on rates to be appropriate for “some time.”

The easiest headline to write last week was in the neighborhood of “Market Down on U.S.-China Trade Relations”. That may have been true per se, but the biggest reaction by stock market investors was to weaker-than-expected U.S. economic data.

Geopolitics, trade and a string of weak economic indicators provided direction in the week.

Durable goods orders were softer than expected

The ten-year Treasury yield hit a new low and reinverted the yield-curve.

Equities rebound on comments from Trump, he says the trade war may end soon but China’s posturing doesn’t support the claim.

Theresa May is expected to hold a news conference this morning, outlining her departure date from number 10. Will it be the return of Boris Johnson?

On Thursday, a number of firms released news reports warning the trade war was getting worse including economists and strategists from Nomura, Goldman Sachs and Bank of America.

Investors tracked by the CME Group’s FedWatch tool believe central bank policymakers are more likely than not to cut rates at least once by December 2019.

Renewed concerns over U.S.-China trade relations were the catalysts behind the early weakness as investors started to price in the possibility there would be no short-term trade deal and that the current trade dispute could escalate into the end of the year or beyond. The selling pressure increased following reports

After a day of heavy losses, the futures are pointing to a positive open. Holding onto any gains could prove to be a challenge, however.

Global equities fall as trade tensions mount.

The early weakness in Asia appears to be a reaction to Wednesday’s performance on Wall Street. Shares in the U.S. were under pressure all session after U.S. Treasury Secretary Steven Mnuchin essentially said trade talks had stalled with no new negotiations scheduled. This made investors nervous because it dampened hopes

The Fed minutes had little impact on stock prices as it was already priced into the market. The minutes were largely interpreted as accommodative, which tends to be supportive for stocks. Fed policymakers agreed the current accommodative policy can remain for now and that they were comfortable with the wait-and-see

The futures are pointing to an edgy start with a mass of stats, EU elections and trade war chatter to drive the majors on the day.

The minutes re-emphasized the Fed’s patience while echoing the message from Powell’s post-meeting press conference, when he mentioned that many of the downside risks to the economy had “moderated somewhat.” “Members observed that a patient approach to determining future adjustments to the target range for the federal funds rate would

Huawei-driven market gains fade as the U.S./China trade war morphs into an all-out tech war.