Thursday will see Jobless Claims Report and also the index of leading economic indicators which may ironically get a boost from the stock market that, despite the sell-off, still ended last month with on a positive note, with strong gains. Initial Claims are expected to come in at 230,000 in the February 17 week. Claims…
A preliminary Japanese PMI reading eased to 54 in February suggesting that export volumes will continue to expand at a solid pace, as reported by Wall Street Journal. Asia Stocks and Indices advanced after a shaky start on Wednesday, following Wall Street’s weak performance; the first in seven sessions. Bitcoin edges higher, hitting a 3…
How The Markets Fared Wednesday, February 14 As the Wall Street Session went underway Wednesday, the Dollar fell, likewise Government Bond Prices following the report that Inflation increased faster-than-expected. Given that some of the cost increases are a direct result of increased energy prices, Market Watchers are expecting the inflationary pressure to ease off in…
Bitcoin can’t catch a break in China as authorities have quietly ordered a number of miners to cease operations. Elsewhere, the NAFTA jitters [US comfortable to trigger North Atlantic Trade Treaty Exit and Mexico likely to follow suit] seem to be giving a weak footing to the CAD. CAD declined by close of Wall Street…
There are increasing signs of euphoria, and it is plausible that a true blowout end to the bull market could be on its way soon. The S&P 500 edged higher Monday, extending this year’s run of records. Dow Jones Industrial Average declined by 13 points. The Nasdaq Composite advanced by 0.3%, posting fresh closing records….
Data released early this morning: • 3 Jan 22:30 Dec Australia AIG Services Index, 52.0 Actual | 51.7 Previous • 4 Jan 00:30 Dec Japan Nikkei Mfg PMI, 54.0 Actual | 54.2 Previous • 4 Jan 01:45 Dec China Caixin Services PMI, 53.9 Actual | 51.9 Previous Bitcoin lost some of its overnight gains made…
