Outlook

US Open – Netflix misses, Iran seizes a vessel, Silver gains on gold, Bitcoin eyes $10,000

As earnings season picks up, the majority of early corporate profit reports are coming in better than expected, but US stock index futures are being weighed down on faltering trade talks between the US and China.  President Trump reiterates his complaint that his Chinese counterpart is not deliver ...

Debt & The Failure Of Monetary Policy To Stimulate Growth

Economists are stunned by why economic growth remains at low levels a decade after the last recession. Here's why. ...

Mnuchin Says No Change to U.S. Dollar Policy ‘As of Now’

Treasury Secretary Steven Mnuchin said there is no change in the U.S.’s dollar policy “as of now” but wouldn’t rule out a shift at some stage in the future. There has been “no change to the dollar policy,” he said during an interview Thursday following a Group of Seven finance ministers ...

Futures edge lower as Netflix tumbles

U.S. stock futures slipped on Thursday after streaming pioneer Netflix posted its first drop in U.S. subscribers since 2011, kicking off earnings for the so-called FANG group on a sour note. Netflix Inc (NFLX.O) sank 11.2% premarket as it also missed targets for new subscribers overseas at a time w ...

US Business Cycle Risk Report | 18 July 2019

How slow can it go before slipping into recession? Economic growth in the US has decelerated in recent months and there are new signs in today’s update that the macro trend is at risk of continuing to lose speed (gradually) in the months ahead. Thus the critical question: Where does the tipping p ...

European update – Markets, UK, gold, oil, bitcoin

Earnings weigh on sentiment We’re facing another day of negative stock markets on Thursday, as earnings season gets off to the tough start that many anticipated. Source – Thomson Reuters Eikon Netflix became the latest company on Thursday to face an investor backlash as subscribers rose at ...

Pound better bid ahead of retail sales

  Rebound extends to a second day GBP/USD looks poised to extend the rebound from more than two-year lows today with near-term trendline support holding for now. Traders are awaiting the retail sales data for June, which are due in just under an hour’s time, are expected to show another month-on ...

Aussie higher after jobs data

  Details better than headline On the headline, the June employment report for June didn’t look too impressive, with a mere net 500 jobs added in the month. However, drilling down into the details showed that 21,100 full-time jobs made up the total with a loss of 20,600 part-time ones. The rest ...

US Close – Earnings, Netflix, IBM, Oil slumps, Gold shines and Bitcoin’s resilience

US stocks finished lower on soft earnings and as trade talks between the world’s two largest economies hit a roadblock on how to ease restrictions on Huawei.  Asia markets are likely to see a soft open as better than expected earnings from the first batch of S&P 500 companies is not providing a ...

Earlier Fed's Beige Book: Economic Growth "Modest", Labor Market "Tight"

Fed's Beige Book "This report was prepared at the Federal Reserve Bank of San Francisco based on information collected on or before July 8, 2019. " Economic activity continued to expand at a modest pace overall from mid-May through early July, with little change from the prior reporting period. In ...