The tit-for-tat U.S.-China trade war is leaving investors sensitive to political and economic data. In pre-market trading, U.S. equity futures reversed gains as ongoing protests in Hong Kong begin visible impacts to corporates such as Cathay Pacific amongst other airlines.…
RISK-OFF – Rates and Equities are opening sharply lower this morning as the trade war between the two largest economies intensified. Last Thursday, President Donald Trump tweeted that a 10% tariff would be imposed on $300 billion worth of Chinese goods, effective…
It has been a while since an actual recession reverberated through the world’s leading economies. Perhaps that is any deceleration of their gross domestic products causes pearl-clutching on the fainting couches in the parlors of their monetary authorities. Witness the…
Despite lower taxes and higher share prices, U.S. corporate profits are showing signs of receding. No less august an observer as The Economist published an article with the provocative headline, “Profits are down in America Inc: Is it time to worry?” and dropping…
Federal Reserve Chairman Jerome Powell’s two days of congressional testimony calmed some investors’ nerves while bewildering others last week. Since 2015, the fed funds target rate have moved only one direction — up — after nearly eight years of a 0%…
An unexpectedly strong U.S. jobs report presented 224,000 new non-farm jobs in June, compared with the 165,000 predicted by economists’ consensus, ticking up to a 3.7% unemployment rate as more people were seeking work. This might be good news, but…
The U.S. June unemployment report will take the spotlight on Friday; it is the last major unemployment data point the Federal Reserve will receive until its July 30th-31st meeting. A weak report, where the increase in payrolls falls below 100k, as it…
U.S. Treasuries, Equities, and Oil prices all are pointing to a higher open this morning. Jerome Powell, Fed Chairman, will speak at the Council on Foreign Relations in New York City on Tuesday with the main event kicking off on Friday…
Central banks around the world will deliver their monetary policies this week including the Federal Reserve, the European Central Bank, the Bank of Japan, and the Bank of England, along with central banks in Norway, Brazil, Taiwan, and Indonesia. First up, all eyes will be on the Federal Reserve who…
RISK-ON sentiment overnight after the Trump administration held off plans for punitive tariffs on Mexican imports. Equity futures and rates higher across the board. USD higher against the euro and pound. The 10-year U.S. Treasury note is trading 6.2bps higher…
