January ISM manufacturing index fell to 57.6, just beating market expectations for 57.5. This marked a 1.2 percentage point decrease from the December reading of 58.8. New orders decreased by 3.1 percentage points to 57.9, Read more…
The British pound is up for a third straight day, as GBP/USD has rebounded after last week’s sharp losses. The pair is trading just above the 1.35 level in the North American session. BoE expected Read more…
Spot gold regained traction after last week’s sharp post-Fed fall and bounced above key $1800 level. Recovery from new 1 – 1/2 month low ($1780) extends into second day, driven by weaker dollar, as traders Read more…
Real Money experts weigh in on stocks poised to rise even with Fed rate hikes getting locked in. Is the stock market prepared to finally – and sustainably – climb out of its recent doldrums? Read more…
Nio said that it is accelerating the deployment of its power network as it looks to increase adoption. Nio (NIO) – Get NIO Inc. (China) Report, a Chinese electric vehicle (EV) maker, struggles in a Read more…
The Bank of England is widely anticipated to raise interest rates to 0.50% on Thursday when it announces its decision at 12:00 GMT. Having already lifted the Bank Rate in December, the expected hike in Read more…
US ISM Manufacturing index dropped -1.2 pts to 57.6 in January, slightly better than expectatio nof 57.5. New orders dropped -3.1 to 57.9. Production dropped -1.6 to 57.8. Employment rose 0.6 to 54.5. Prices rose Read more…
Markets Short-term yields in the US and Europe finally took a breather after a sharp hawkish repositioning. Fed Powell at last week’s policy meeting signaled the Fed would accelerate policy normalization as inflation is rising Read more…
Stocks point to a mildly stronger start after a rough ride in January. Fed speakers calm fears of an overly aggressive approach to tightening. US futures Dow futures +0.02% at 35110 S&P futures +0.08% at Read more…
Dollar loses ground after Fed officials rule out aggressive hike The dollar’s weakness is resuming today as an increasing number of Fed officials downplayed the possibility of a 50 basis points rate hike in March, Read more…