state of the union address
More Evidence of Weakening Growth in Europe and Trepidation Ahead of President Trump’s State of the Union Address Tonight
February 5, 2019
The conclusion of Euroland’s service-sector and composite purchasing manager surveys tells it all: The business environment is at its most challenging since the height of the region’s debt crisis.” The composite Ezone PMI reading of 51.0 was at a 66-month low, and service sector activity (51.2) was near its 4-year low. From a separate report […] More
Anxious Times for Investors
January 24, 2019
Investors continue to face three big uncertainties: the U.S. government shutdown, the fast-approaching Brexit deadline, and the failure so far of U.S. and Chinese trade negotiators to reach a mutually satisfying agreement. Planned senate votes on the border wall and shutdown are not likely to pass. The on-again, off-again scheduled state of the union address […] More
Weaker British Pound and Russian Ruble
January 12, 2016
The dollar advanced 0.8% against sterling on a disappointing U.K. industrial output report. The dollar is 0.7% stronger against the ruble on a further 0.4% slide in oil prices. WTI crude petroleum fell another 0.4% to $31.29 per barrel. The dollar is just 0.1% firmer against the yen, showing little reaction to a slew of […] More
