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Flash Eurozone PMI edges up from 47.8 in January to 48.1 in February. Manufacturing expansion gains momentum, helping offset further service sector weakness. Germany outperforms amid factory strength. Prices jump amid supply constraints. For further details see: Euro...
The S&P 500 is poised to gap lower today following slides in the Asia-Pacific region and Europe. Japanese and Taiwanese indices advanced, but steep losses were seen in China, Hong Kong, and India. Europe's Dow Jones Stoxx 600 is off about 0.7% in late morning turnover, among i...
Sometimes the dollar is the key mover, and other times, it is sort of serves as a fulcrum among the major currencies. The powerful reflation theme spurred by optimism over the vaccine, US fiscal stimulus, and broadening of Asia Pacific's recovery is being expressed in the foreign exch...
In the Asia-Pacific region, Hong Kong, China, and South Korean markets advanced, but most markets could not overcome the profit-taking pressures. Europe's Dow Jones Stoxx 600 is faring better as it tries to snap a three-day decline. It is nearly flat on the week. US shares are tra...
The bout of profit-taking in equities continued today, and most markets in Asia Pacific and Europe are lower. Europe reported the collapse of new car registrations in January, a useful proxy for auto sales. The US dollar reversed higher from almost CAD1.26 on Tuesday and reached C...
After reversing higher yesterday, the US dollar sees follow-through gains today, leaving the euro around a cent lower from yesterday's highs. The UK's January consumer prices were a touch firmer than expected. Fed talk was interesting yesterday and may offer insight into what Chai...
The equity rally appears undeterred by the rise in interest rates or the surge in oil prices. China is reportedly threatening to weaponize its rare earth capacity. Sterling is approaching our 2021 target of $1.40 quicker than we anticipated. Both Canada and the US report Decem...
US and Greater Chinese markets are closed today, but the markets are moving. The Nikkei led the Asia-Pacific region with a 2% gain and pushed above 30000 for the first time since 1990. The Dow Jones Stoxx 600 gapped higher in Europe, led by energy, communications, and financials. ...
The pullback in the dollar that began with the January job report looks to have been completed last week. We expect the stimulus bill to allow the dollar to continue to recover. However, that will be followed by the impact of the fiscal stimulus in Europe and concerns that can be ...
Most Asia-Pacific markets are still closed for the holiday, but Victoria's snap lockdown dragged Australian shares lower. Selling pressure is clearer in Europe, where the Dow Jones Stoxx 600 has had a heavier bias. US shares are also trading off, though coming into today, the S&am...