Euro is extending near term rally against Swiss Franc and Sterling after even higher than expected record inflation. But it’s struggling to gain against most other currencies. Dollar is also sluggish after ADP employment disappointment, Read more…
Cleveland Fed President Loretta Mester said, “my current view is that it will be necessary to move the fed funds rate up to somewhat above 4 percent by early next year and hold it there; Read more…
Canada GDP grew 0.1% mom in June, matched expectations. Services-producing industries grew 0.2% mom while goods- producing industries rose 0.1% mom. 14 of 20 industrial sectors expanded in the month. Advance information indicates that real GDP edged down Read more…
US ADP private employment grew 132k in August, well below expectation of 300k. By sector, goods-producing jobs grew 23k. Services-providing jobs grew 110k. By company size, small businesses added 25k jobs, medium added 53k, large Read more…
“We could be at an inflection point, from super-charged job gains to something more normal,” said ADP’s chief economist Nela Richardson. The U.S. economy added fewer-than-expected new private sector jobs in August, payroll processing group Read more…
Mobile sports bettors make more money that the general population, but they are also more worried about paying their bills, according to a new survey. Gambling is a complicated issue in America. The practice is Read more…
Eurozone inflation jumps to 9.1% YoY in August. EUR/GBP edges lower. EUR/GBP slips despite EZ inflation reaching a new record level Eurozone inflation rose to 9.1% YoY in August, up from 8.9% in July and Read more…
The Euro eases below parity on Wednesday, weighed by fresh strength of the US dollar and failure to benefit from growing expectations for more aggressive action from the ECB next week, after the latest data Read more…
Searing inflation in Europe, and limp growth in China, have U.S. stocks finding only a modest bid heading into the final trading day of a difficult August. U.S. equity futures nudged cautiously higher Wednesday, while Read more…
Between March and mid-August, the daily price change in WTI crude oil has averaged $3 per barrel, approximately three times the levels seen in 2021. We look at the events driving higher volatility. Daily volatility Read more…