Economic News, Page 6

  • Source: Steve Eisman

    Short Seller Steve Eisman Selling Two U.K Bank Stocks On Brexit Standoff

    Brexit continues to cause jitters and concerns in the markets. However, some investors have sensed a window of opportunity that they are slowly taking advantage of. Steve Eisman believes that now is the right time to short two U.K banks as expectations of the U.K leaving Europe without a deal

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  • mid term elections

    The Week Ahead – Mid-Terms, Monetary Policy, Brexit and Trade Talk in Focus

    On the MacroFor the Dollar, key stats through the week include the market’s preferred October ISM non-manufacturing PMI on Monday, September’s JOLTs job openings on Tuesday, with November prelim consumer sentiment and October wholesale inflation figures due out on Friday, with the JOLTs and the ISM numbers likely to have

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  • U.S Mortgages – Rates Ease Back on October’s Risk Aversion

    Following last week’s upward move, mortgage rates eased in the week ending 1st November, with 30-year fixed falling by 3 basis point to 4.83%.Risk aversion through the week ending 26th October had driven demand for U.S Treasuries, leading to the fall in yields, with the Italian coalition government’s budget and

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  • U.S. Trade Deficit

    Tariffs Having Little Effect on Widening U.S. Trade Deficit

    The U.S. trade gap hit a seven-month high in September amid an expanding tariff dispute. According to a government report, the trade deficit widened more than expected as imports expanded and the merchandise gap with China hit a record amid an escalating trade dispute. The news raised questions as to

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  • US Economy

    Non-Farm Payrolls Jump 250,000, but Wage Growth Surge Steals Show

    “Wow” should have been your first reaction to Friday’s U.S. Non-Farm Payrolls report. Today’s numbers showed that the job market is doing amazingly well, especially this late in the economic expansion. Government data said that October job growth trounced the estimates and year-over-year wage gains surged past 3 percent for

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  • AUD/USD and NZD/USD

    Aussie, Kiwi Surge as Investors Pin Hopes on US-China Trade Deal

    The strong gains in the Asian stock markets are spreading to emerging market currencies putting pressure on the U.S. Dollar early Friday. The major stock indexes in Asia are posting solid gains on a report that U.S. President Donald Trump has asked his cabinet members to start drafting a potential

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  • US markets

    A Wild Ride For Asia-Pacific Market, Brexit Deal Reached, US Rebound Advances

    Asian Markets Close MixedThe Asian markets kicked off the new month with a wild ride. Indices in Japan and Hong Kong both moved more than 1.0% in Thursday trading is in different directions. The Japanese Nikkei was weighed down by the tech sector which is suffering from earnings outlook while

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  • Italy Crisis

    Can Italy Be the Next Greece?

    Though there is a significant amount of disagreement regarding the politics of controlling an economy, there are still a few things that fundamentally all economists can agree on: high employment is generally desirable, low inflation is generally desirable, and—perhaps above all else—a stable economy is one that can operate in

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  • Stocks Buy Sell Dice

    Was the October Sell-off Position-Trimming Ahead of November Elections?

    The price action in the stock market the past two days suggests investors have become more sensitive to the lingering trade dispute between the United States and China. While the price plunge earlier in the week may have been fueled by a Bloomberg report saying the Trump Administration is considering

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  • bull and bear market

    U.S. Markets End Volatile Bearish Month on Positive Note

    Stocks rallied on Wednesday to end the month on a positive note, but the move fell well short of recovering the huge losses suffered in October. The major indices were supported by strong earnings from General Motors and Facebook.General Motors reported quarterly results that easily beat expectations. The company claimed

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  • Caution - Higher Interest Rates Ahead

    Solid ADP Jobs Growth, Jump in Wages and Salaries Keeps Fed on Path for December Rate Hike

    The major U.S. equity markets are soaring shortly after the cash market opening on Wednesday. The tone was set early in the premarket session, but received a boost following the release of a private sector jobs report from ADP and Moody’s Analytics.The ADP report showed private payrolls rose by 227,000

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  • markets move

    Halloween’s Eve: Markets Moved away From Extreme Fear

    Futures on S&P500 have added 0.3% after the growth by 1.9% the day before. Japanese Nikkei225 has grown by more than 1% after 3.2% in the “green zone” the day before. Key Chinese indices are also in the black, developing a rebound from the local lows.At the same time, there

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  • Equities Rise

    Equities Rebound Despite Slowing Growth, EU Up On Earnings, GM Led Markets In The US

    Asian Markets Rebound, BOJ Stands PatEquities around the world continue to rebound in Wednesday trading despite signs of slowing growth in China. China reports the official PMI reading for October as a cool 50.2%. The data is expansionary, but only just as a reading below 50 indicates contraction within an

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  • Stocks Buy Sell Dice

    U.S. Stocks Up Ahead of Close, but Treading Water on Investor Lack of Conviction

    The major stock indexes opened higher and have held on to most of their gains throughout the session. Traders said the market was being underpinned early in the pre-market futures session after China announced further steps to restore confidence in local markets. This move carried over to the U.S. session,

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  • Earnings

    Asia Rebounds, EU GDP Missed Expectation, Earnings To Dominate US Session

    Chinese Regulators Will Support Long-Term Investment In ChinaThe Asian markets rebound in Tuesday’s session despite fear US President Donald Trump would increase tariffs to include 100% of Chinese goods exported to the US. The news had sent US markets down in the Monday session, but they too rebound in late

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  • Asian Markets

    Global Equity Markets Rebound after China’s Regulator Said It Wants to Improve Market Liquidity

    U.S. stock futures are pointing toward a higher opening on Tuesday, helped by mostly positive markets in Asia. The catalyst behind the rebound is a recovery in mainland Chinese stocks following comments from the country’s securities regulator.According to reports, the rally in the mainland Chinese stock market started after the

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  • Index Board

    Sale of Growth Shares Demonstrates Transition of Markets to New Cycle Stage

    American indices were again under pressure at the end of the day, rewriting the minimums from May on the S&P500 index. According to the results of the day, the losses amounted to 0.7%, although the amplitude of fluctuations remains elevated, reaching 3.8% in just a few hours.Spreading fixation of profit

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  • Stock Market

    IBM Deal, Merkel News, European Market Strength Helping Tired U.S. Market Recover

    While many look at the U.S. stock market as the global leader, today the U.S. markets had to take a back seat to a strong performance in European shares which may have led to today’s strong U.S. stock market rebound.U.S. markets may have been underpinned over the week-end with the

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  • Trader

    Growth Worry Weighs On Asia, Merkel To Step Aside, US Equities Up On Earnings

    Asian markets were mixed at the close of their Monday session. The Shang Hai Composite led decliners with a loss greater than -2.0% followed the Kospi with a loss near -1.50% and the Nikkei with a loss near -0.15% but not all indices moved lower. The Australian ASX rebound more

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  • Global Stocks

    Global Stocks Mixed as Market Correction Continues on Fears Around China

    Global markets continue to slide down. Investors bought back a significant part of the drawdown, but the trend for a decline is still in force. On Monday morning, the Hang Seng loses 0.4%, although it remains above Friday’s intraday lows. The Shanghai index of the 50 largest companies in China A50

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