French current account
Waiting Game Except in Gold’s Case
April 9, 2024
Tuesday’s been another wait-and-see day, with little fresh data to provide direction and being just ahead of tomorrow’s release of U.S. consumer price figures and minutes from the last FOMC U.S. monetary policy meeting. The dollar’s a touch softer, declining overnight by 0.5% against the Australian currency, 0.4% versus the Swiss franc, 0.3% relative to […] More
Risk Aversion Rekindled by Downbeat Economic Forecast and Data as Well as Covid-19’s Relentless Spread
July 7, 2020
Major stock markets in Europe show losses so far today of 1.2% in the U.K. and Germany and 1.0% in France and Spain. Equities closed down 1.4% in Hong Kong, 1.1% in South Korea and Singapore, and 0.4% in Japan. U.S. futures suggest that at least half of Monday’s strong rise in equity prices will […] More
Awaiting U.S. Jobs Report and the Kavanaugh Vote and Watching Sino-U.S. Trade Dispute Intensify
October 5, 2018
Wednesday’s ADP estimate of private employment growth and very low jobless insurance claims suggest a very large jump in U.S. non-farm payroll jobs. The Labor Dept announces the figure at 08:30 EDT. A cloture procedural vote on the Kavanaugh debate mid-day should set the stage for a a full senate confirmation vote Saturday. Best guess […] More
U.S. Jobs Day but That’s Been Overshadowed by Re-escalating Trade Tensions
April 6, 2018
Forecasters anticipate the U.S. March labor market data will show creation of almost 200K jobs, a further small dip in the unemployment rate, and a pickup of hourly wage earnings growth. Share prices and commodity prices fell overnight in response to fresh concern that the U.S.-Sino trade dispute cannot be negotiated away. President Trump has […] More
