In addition to the riots against tight covid restrictions since the weekend, China is also facing broader adverse effects of the strict anti-Covenant policy, PMI data shows. The official survey showed the manufacturing index falling Read more…
US ADP private employment grew 127k in November, below expectation of 195k. By sector, goods- producing jobs dropped -86k. Service-providing jobs rose 213k. By establishment size, small companies lost -51k jobs. Medium companies added 246k. Read more…
“Organizations are responding to macroeconomic conditions by adding extra layers of required approvals and extending the time it took to close some deals,” said CEO George Kurtz. Crowdstrike Holdings (CRWD) – Get Free Report shares plunged Read more…
On the face of it, the November flash HICP figures brought a welcome decline in headline inflation from 10.6% to 10.0%. However, we think the evidence for a similar peak in underlying inflation pressures is Read more…
BoE Chief Economist Huw Pill said at a conference, “we are expecting to see headline inflation tail off in the second half of next year, in fact quite rapidly, on account of those base effects.” Read more…
EURCAD has rallied by almost 10% since the plunge to a nine-and-a-half year low of 1.2874 in August, retracing more than half of its 2022 downtrend. On Tuesday the price accelerated above a bullish channel Read more…
It continues to be a quiet week for the euro. In the European session, EUR/USD is trading at 1.0363. Eurozone inflation falls to 10.0% The ECB’s number one priority has been bringing down inflation, which Read more…
Fed Chair Powell’s hawkish Jackson Hole speech upended stocks in August, but today’s inflation picture is far less worrying. Federal Reserve Chairman Jerome Powell is set to deliver a key policy speech Wednesday in Washington Read more…
“These peer-reviewed, published results show lecanemab will provide patients more time to participate in daily life and live independently,” the Alzheimer’s Association said. Biogen (BIIB) – Get Free Report shares moved higher Wednesday after the drugmaker Read more…
Market is slow ahead of Powell speech today, when we will get more decisions about their policy rates. For now, the risk-on is still on the table after China announced that they will allow close Read more…