Markets World stock markets fell sharply again as panic selling in China has picked right back up to start the week. China’s stock markets have now wiped out the gains built up during the year. The Shanghai Composite Index closed … Continue reading
Economy World stocks are heading for their worst week of the year after data showed Chinese factory activity shrinking at the fastest pace since 2009. Marking the fifth straight month of contraction, the flash Caixin/Markit China Manufacturing PMI fell to … Continue reading
Economy Oil prices are continuing to collapse, and the bottom remains elusive because not one of the world’s largest producers is showing any signs of blinking. WTI crude slumped over 4% on Wednesday on data showing an unexpected U.S. supply … Continue reading
Economy The Fed is likely to raise its benchmark interest rate as soon as its next meeting in September, but some officials are still harboring misgivings. An account of the central bank’s most recent get-together, which will be published at … Continue reading
Today’s Economic Calendar 8:30 Housing Starts 8:55 Redbook Chain Store Sales Trading Textbook Three-Day Cycle unfolding as price tested CD1 Low on CD2, then rallied to reach Average Cycle Target (2096.00) in prior session. In overnight trade price has continued … Continue reading
Economy Today’s Economic Calendar 8:30 Empire State Mfg Survey 10:00 NAHB Housing Market Index 10:00 E-Commerce Retail Sales 4:00 PM Treasury International Capital Trading Last Friday’s trade action was NORMAL SPILL DOWN for Cycle Day 1 (CD1) as price successfully … Continue reading
Economy Today’s Economic Calendar 8:30 Producer Price Index 9:15 Industrial Production 10:00 Reuters/UofM Consumer Sentiment Trading S&P e-mini (ES) followed expected script fairly well yesterday as it was NEUTRAL SPILL with consolidation and slight downward lean as prior Cycle Target … Continue reading
Economy Investors this morning will be eyeing a slew of U.S. economic data, including retail sales, which are projected to show a healthy rebound after an unexpected decline in June. Strength in July’s report will likely center around motor vehicles, … Continue reading
Economy World stocks, Asian currencies, commodities and government bond yields are all heading south after China allowed the yuan to fall sharply for a second day, triggering concerns over the country’s economic health. China set today’s yuan daily midpoint reference … Continue reading
Economy After a run of poor economic data, including weak trade figures, China’s central bank surprisingly devalued its tightly controlled currency today to help jump-start its stalling economy. The PBOC set Tuesday’s midpoint at 6.2298 per dollar, compared with 6.1162 … Continue reading