Emerging Global and Domestic Markets

Has A Big Bear Market Rally Just Finished ? 2019-03-23 Weekly Market Roundup

World Charts Look Risky Outside Bars Suggest Reversal Commodities Under Fire Timing on the Copper and Steel charts is Unnerving Energy-related ETFs and Stocks have Huge Caution Signs Watching to see if Gold is the Next Bullish Move (expecting a huge move) Continuing with my theme of t ...

BLS: Unemployment Rates at New Series Lows in Alabama, North Dakota, Tennesse and Vermont

From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in February in 4 states and stable in 46 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. ... Iowa, New Hampshire, North Dakota, and Vermont had the lowest unemp ...

Dow slides more than 250 points as fears of global slowdown persist, Nike falls

Stocks dropped on Friday as jitters over the global economy were sparked by dreadful manufacturing data out of Europe and the Federal Reserve’s cautious outlook on the U.S. economy. The Dow Jones Industrial Average traded 274 points as Nike shares underperformed. The S&P 500 fell 0.9 percent, led ...

Energy and commodities highlights: Political change in oil states, LNG in Europe, trans-Atlantic freight

Spring 2019 is ushering in important political changes that are being watched for their impact on oil and other commodities. In Algeria new leadership was promised recently, following widespread protests. That’s fuelled discussion about the future of the country’s oil and gas industry. Then on ...

Terrible German PMI data sinks global stocks and euro

Stocks & USD – Terrible European data kills risk appetite EUR – Euro falls as German bunds go negative Brexit – EU throws UK a delay bone  Oil – Stockpiles fell 9.6M even as imports rose 186K Gold – Stronger on dovish Fed Stocks & Dollar US equities are off to a poor start on the final d ...

Dollar supported by risk aversion trading

Friday March 22: Five things the markets are talking about Global equities are trading mixed after the European Union agreed Thursday to a short Brexit delay. Investors are also weighing up further signs of a sluggish global economy as a plethora of G7 central banks reassess normalizing their monet ...

Euro plunges on German manufacturing woes

Brexit extension means more sterling volatility for longer Sterling is as volatile as you would expect one week from the initially scheduled Brexit day as traders continue to weigh up the risks of no-deal Brexit against what an extension does for May’s deal, or the prospect of other options still ...

Macro Briefing: 22 March 2019

Trump: US should recognize ‘Israel’s Sovereignty over the Golan Heights’: CNNUS officials downplay odds for a quick trade deal with China: BloombergEU offers UK an extra 2 weeks to avoid a hard Brexit: BloombergEurozone mfg downturn deepens in March via PMI survey data: IHS MarkitIndonesian a ...

A key recession indicator just did something that hasn’t happened in 12 years

CNBC Federal Reserve Chairman Jerome Powell’s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market. In fact, government fixed income yields are delivering, by one measure, a possible recession indication that hasn’t happened since 2007 The spread, ...

FOMC Statement & Potential Impact on Fixed Income

Following the Fed’s announcement, please see below for market views from the Global Fixed Income, Currency & Commodities Team (GFICC): Consistent with our and the market’s expectations, the Federal Open Market Committee (FOMC) maintained the Fed Funds rate target range  of 2.25% ‐ 2.50%.   ...