Ford is considering separating its electric vehicle business from its legacy operations, Bloomberg reported Friday. Ford F shares jumped higher Friday following a report that the carmaker is mulling the split its electric vehicle business Read more…
January manufacturing sales will likely look substantially weaker in Statistics Canada’s preliminary estimate for the month. The rapid spread of the Omicron variant kept many workers at home, either due to illness or self-isolation. Indeed, Read more…
It has been yet another week dominated by events unfolding in Ukraine. While there have been some reports of de-escalation in tensions, nothing has changed fundamentally to prevent investors from remaining fearful about a possible Read more…
The Reserve Bank of New Zealand, the current king of the global tightening cycle, is expected to deliver its third rate hike in five months with full certainty when its policy meeting concludes on Wednesday Read more…
The latest PMI business surveys from the euro area will be released early on Monday, starting with the French numbers at 08:15 GMT. Inflation has fired up and the jobs market is healing quickly, pushing Read more…
Bank of America strategists say they’re bearish on stocks, particularly technology stocks, and credit. If you fear that interest-rate hikes by the Federal Reserve could push the economy into recession, you’re not alone. Bank of Read more…
The Reserve Bank of New Zealand is poised to raise interest rates for a third time next week. But will it pull the 50 basis points trigger this time, setting a precedent for other central Read more…
The tensions in Eastern Ukraine remain elevated, although broader market reaction has so far remained moderate. Reports of shelling were heard from both sides on Thursday, and US has continued to accuse Russia of building Read more…
The Australian dollar remains bid and on track for the third straight weekly gains, underpinned by Australia’s reopening after long period of restrictive measures as the number of Covid cases dropped significantly. News that US Read more…
Markets ECB chief economist Lane’s speech yesterday not having a meaningful impact on markets didn’t make it less symbolic. The last staunch defender of the central bank’s extremely easy monetary policy threw in the towel, Read more…