Yen rises strongly today, and buying intensifies in early US session, after surprisingly poor US GDP data. Benchmark treasury yield in both the US and Germany tumble sharply, aiding Yen’s advance. Swiss Franc is also Read more…
US initial jobless claims dropped -5k to 256k in the week ending July 23, versus expectation of 248k. Four-week moving average of initial claims rose 6.25k to 249.25k. Continuing claims dropped -25k to 1359k in Read more…
US GDP contracted an annualized -0.9% in Q2, much worse than expectation of 0.4% rise. That’s the second quarter of contraction, after Q1’s -1.6% annualized. BEA said: “The decrease in real GDP reflected decreases in Read more…
The U.S. economy contracted by a much-worse-than-expected 0.9% over the three months ending in June, marking the second consecutive quarterly decline. The U.S. economy shrank far more sharply-than-forecast over the three months ending in June, Read more…
“Increasing inflationary pressures have yet to significantly impact overall consumer spending but we will continue to monitor this closely,” said CEO Michael Miebach. Mastercard Inc. (MA) – Get Mastercard Incorporated Report posted better-than-expected second quarter earnings Read more…
“We’re increasing our regular quarterly dividend to 15 cents a share beginning this quarter, returning us to pre-pandemic levels,” said CFO John Lawler. Ford Motor (F) – Get Ford Motor Company Report shares moved firmly higher Read more…
Expectations that inflation will soon peak and that the economy will deteriorate further points to a contractionary monetary policy stance from the Fed in 2023 Gold has come off its earlier highs after adding another Read more…
US dollar sinks after FOMC rate hike There were no surprises from the Federal Reserve, which delivered a second straight 0.75% hike on Wednesday. The markets had priced in this move, although it was a Read more…
Cable eases from one-month high in European trading on Thursday after being inflated by fresh risk appetite on unclear signals from Fed that prompted investors out of dollar. Although the Fed raised interest rates by Read more…
GDP data will likely ignite another recession debate, while markets sift through a puzzling Fed rate hike and brace for crucial June quarter earnings from Apple after the close of trading. U.S. equity futures edged Read more…