U.S. personal income and spending

Swoon of Stocks Continues Amid More Released Data and Ahead of Round 2 of the Powell Testimony

March 1, 2018

The newly minted Fed Chairman Jerome Powell will reprise his congressional Humphrey-Hawkins testimony at 10:00 EST, this time before the Senate Banking Committee. In the past two sessions since he testified before the House Financial Services Committee, the S&P and DOW dropped by 2.2% and 2.6%. Stocks overnight slumped 1.6% in Japan, 0.7% in Australia, […] More

Softer Dollar but Firmer Oil Price

December 22, 2016

On this last full session before the Christmas break, the dollar fell 0.5% against the euro and 0.4% relative to the Swiss franc. Dollar/yen is steady and the dollar has strengthened against sterling, the Aussie and Canadian dollars, and Mexican peso. West Texas Intermediate crude oil advanced 1.1% to $53.07 per barrel following news of […] More

U.S. PMI Disappointment

August 3, 2015

The dollar is little changed on this first trading day of August 2015. The Greek stock market reopened to a 16.5% plunge after its extended closure. ¬†Other European equities are up however by 0.8% in in Italy and Spain, 1.1% in Germany and 0.7% in France. ¬†The British Ftse is unchanged, as is the DOW […] More

U.S. Heading for Thanksgiving Day Break

November 26, 2014

Before U.S. markets close early today, a load of U.S. data were released including several downside surprises. New jobless insurance claims jumped 21K last week to 313K, and that boosted the 4-week average rise by 6.25K to 294K. The U. Michigan/Reuters gauge of consumer sentiment in November got revised downward to 88.8 from 89.4 reported […] More