U.S. construction spending
Rhetorical Trade War, Teetering Foreign Governments, and Manufacturing Purchasing Manager Surveys Headline Today’s Financial Market News
December 2, 2024
Amid repeated U.S.-led economic sanctions in response to geopolitical mischief, the block of countries known by the acronym BRICS (standing for Brazil, Russia, India, China and Saudi Arabia) are considering steps toward a new currency in which to invoice and transact trade and financial transactions. President-elect Trump is now threatening to impose a 100% tariff […] More
New Year’s Hangover and Beaucoup Manufacturing PMI Reports for December
January 2, 2024
The flip-side of the historical downward bias of the dollar late most Decembers is rebounding strength right after the start of the ensuing new year. On this first trading day of 2024, the dollar rose 0.8% overnight on a weighted basis and against the euro and sterling, 1.0% relative to the Swiss franc, 1.8% against […] More
