US Real Estate

Macro Briefing: 24 May 2019

US proposes tariffs on nations with undervalued currencies: BloombergUK Prime Minister May announces resignation: ReutersIndia’s Prime Minister Modi wins second term: NY TimesInflation in Japan edged up to 3yr high in April: ReutersNew US home sales fell in April after reaching post-recession hig ...

Daily Markets Broadcast 2019-05-23

Daily Markets Broadcast 2019-05-23 Wall Street slides on trade war worries Tuesday’s relief rally proved to be fleeting, with US indices resuming their recent slide yesterday with no deal in sight in the US-China trade negotiations. Oil prices fell as inventories increased.   IUS30USD Daily Cha ...

US Housing Reform and the Future of CRTs

Credit risk-transfer securities (CRTs) have made the US mortgage market safer by shifting default risk from taxpayers to private investors. The latest attempt to overhaul the housing finance system isn’t likely to change that. ...

Emerging Market Stocks Were Clobbered Last Week… Again

For a second week in a row, equities in emerging markets took a beating, posting the deepest setback for the major asset classes, based on a set of exchange-traded funds for the trading week through Friday, May 17. Vanguard FTSE Emerging Markets (VWO) fell a hefty 3.9% last week, closing at its low ...

Daily Markets Broadcast 2019-05-17

Daily Markets Broadcast 2019-05-17 Note: The Daily Market Broadcast will pause on 20 May 2019 and resume on 21 May 2019 Wall Street extends gains US indices advanced for a third day yesterday, helped by better-than-expected data and some strong earnings reports from Wallmart and CISCO, while igno ...

Fluid situations

Prepared by Jeff Halley, Senior Market Analyst   Fluid situations Global markets took an upbeat tone overnight, preferring to concentrate on known knowns rather than known unknowns or unknown unknowns. Following Washington’s decision to place Huawei on a blacklist that could ban them from sourci ...

Stocks & Treasury Yields Rally on Strong Earnings and US Data

Back-to-back robust earnings results from Cisco and Walmart delivered a nice dose of risk appetite for global equities, which saw Treasuries slide, while the dollar delivered broad gains against all of their major trading partner.  Oil prices remained supported on geopolitical risks, while gold s ...

NZD/USD – New Zealand dollar drops ahead of manufacturing, inflation reports

The New Zealand dollar has posted losses in the Thursday session. In North American trade, NZD/USD is trading at 0.6545, down 0.30% on the day. On the release front, New Zealand will release the Business NZ Manufacturing Index, as well as PPI Output and PPI Input. The U.S. posted strong data, led b ...

AUD/USD – Aussie slide continues as U.S. jobless claims drop sharply

AUD/USD continues to head lower this week. Currently, the pair is trading at 0.6906, down 0.35% on the day. On the release front, Australian employment numbers were mixed. The economy created 28.4 thousand jobs in April, marking a 3-month high and crushing the estimate of 15.2 thousand. However, th ...

EUR/USD – Euro ticks higher, Eurozone trade surplus slips

EUR/USD continues to have an uneventful week. Currently, the pair is trading at 1.1212, up 0.08% on the day. On the release front, the eurozone trade surplus narrowed to EUR 17.9 billion in March, down from 19.5 billion a month earlier. This was well short of the estimate of EUR 19.0 billion. It’ ...