Swiss CPI
Awaiting U.S. Data as America’s Covid Outbreak Gathers Steam
July 2, 2020
With the U.S. Independence Day weekend kicking off tomorrow, a slew of data will be released today featuring the monthly employment situation report and including the trade balance, factory orders, New York regional PMI, and weekly jobless insurance claims. The holiday weekend also presents a huge risk regarding the U.S. Covid-19 crisis. There have been […] More
Awaiting Weekly U.S. Jobless Insurance Claims Data
April 2, 2020
The stage for this week’s renewed financial market pessimism had been set a week ago when the Labor Department reported a record 3.283K upsurge in new jobless insurance claims for the week of March 21st, and now investors are bracing for an even greater increase of close to 4 million or more. The U.S. advance […] More
Nervous Market Tone Continuing
October 2, 2019
Investors remain leery that policymakers are up to the task of containing the slowdown of global growth. Monetary stimulus has grown old and less effective, while fiscal support is largely missing in action. The trade war motors on even as evidence such as the September purchasing manager surveys show that nobody wins. British Prime Minister […] More
Independence Day 2018
July 4, 2019
Financial markets this Thursday barely moved in the absence of U.S. participation. A few more purchasing managers surveys from June were reported. The global composite PMI stayed at May’s three-year low level. The global services PMI recovered 0.3 points to 51.9 from May’s 33-month low. Hong Kong’s private manufacturing PMI signaled a contractionary trend for […] More
Dollar and Sterling Strengthen but Oil Steps Back
December 6, 2016
The dollar is unchanged against the pound but up 0.4% against the yen, loonie, kiwi and Australian dollar. The U.S. currency also rose 0.2% overnight relative to the euro and Swiss franc. An appeal is being heard in British courts regarding the legality of leaving the EU based solely on a voter referendum. Sterling has […] More
Street Expecting Good U.S. Jobs Report
January 6, 2012
Today is U.S. jobs day, and whisper numbers are conjecturing that non-farm payroll employment may have risen as much as 200K. This optimism follows yesterday’s strong jobless claims and ADP private employment figures. There appears to be more room for a reaction to weaker-than-forecast results. In the meantime, investors have other concerns, mostly but not […] More
