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Look to Fed’s Powell for help

Wednesday September 26: Five things the markets are talking about Global stocks are trading mixed ahead of today’s FOMC rate decision, with Asian shares closing out higher, while Euro bourses are a tad down as Italy’s budget talks continue to be a source of concern. The Italian government has until tomorrow to outline its fiscal…

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If in doubt, look to the Fed for direction

Tuesday September 25: Five things the markets are talking about It’s a return to the drawing board for many investors who are now back online beginning their holiday shortened Asian trading week. Euro equities are trading mixed following a “get back to basics” Asian session as investors ponder the outlook for global trade and U.S…

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Brexit sterling shorts back to July 2016 levels

“Bear” pound speculators hold nearly the same amount of net short positions in sterling as they did in July 2016. This would suggest that the markets worries about how the Brexit divorce on March 29, 2019 will look, and the uncertainty surrounding it, has got back to levels it was at just after the referendum…

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Canada: Wholesale trade, July 2018

Wholesale sales rose for the third time in five months, up 1.5% to $63.9 billion in July, more than offsetting the 0.9% decline in June. Sales were up in four of seven subsectors, representing approximately 66% of total wholesale sales. The personal and household goods; food, beverage and tobacco; and motor vehicle and parts subsectors…

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Fed and trade threats to drive markets

Monday September 24: Five things the markets are talking about Global equities are under pressure as China called off planned trade talks with U.S, potentially triggering an escalation in the tariff war between the world’s largest economies. Note: U.S’ tariffs on +$200B in China goods took effect at midnight, while China’s counter tariffs on +$60B…

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Numerous crosscurrents in play

Numerous crosscurrents in play US equities  On Friday the Dow and S&P opened and closed again at fresh highs on massive volumes due to options expirations, and while headlines over the weekend suggested that trade talks between both US and China will be shelved until after the US midterm elections, markets will not view this…

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Bring on the FOMC !

FOMC  The FOMC meeting next week has a hike fully priced in so the focus will be on the dot plots and the follow-up presser which has dollar bulls questioning their near-term positions. The meeting will be overly scrutinised to see if there are any changes in the projections, with new Vice-chair Clarida voting for…

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Central Banks up the ante to normalize interest rates

Friday September 21: Five things the markets are talking about Aside from trade, tariff and retaliation, central banks are upping the ante to “normalize” interest rates. This week, Norway’s Norges Bank has joined the BoE, and the central banks of the Czech Republic and Romania in withdrawing some of its stimulus, while Sweden’s Riksbank has…

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US-China trade war, yesterday’s news.?

US-China trade war, yesterday’s news.? The US stock markets catapulted to a new record high on Thursday as investors continued to sidestep fears over the escalating global trade war and instead focused on a boomy American economy. And at least for today anyway, US-China trade war was yesterday’s news. Make no mistake the US economy…

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