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China's economy moderated in July, according to the official PMI released over the weekend. South Korea reported strong July trade figures, even though exports and imports did not grow as fast (year-over-year) as expected. The eurozone flash July manufacturing PMI was revised to 6...
Three macro considerations are shaping the investment climate: the evolution of the virus and the response, the timeframe of the Fed's tapering, and China's broad regulatory crackdown. China is doing what some of its critics were struggling to accomplish, namely, discourage further in...
Many large markets in the Asia-Pacific area fell by more than 1%, including Japan, Hong Kong, South Korea, and New Zealand. Singapore, India, and China's Shenzhen Composite were notable exceptions and posted minor gains. After reaching record highs yesterday, the Dow Jones Stoxx 600 h...
China's aggressive campaign has exploded on the international stage to become a major market force. Investors are continuing to try to make sense of Beijing's aggressive moves that appear to be a broad offensive that can only result in a slowing if not reversing of past efforts to int...
Analysis of the replies provided by those manufacturers reporting lower production volumes in July highlights a growing impact of COVID-19 and staff shortages, though material shortages remain the most common cause of lost output. The proportion blaming lost output on COVID-19 in gene...
The IHS Markit/CIPS flash composite PMI output index, covering both services and manufacturing, fell further from its all-time high of 62.9 in May, down sharply from 62.2 in June to 57.7 in July. Transport, hospitality and other consumer-facing services companies were the hardest hit,...
The virus is once again raising the prospects of slowing the economic recovery that was unevenly unfolding. The ECB's new forward guidance signaled that bond purchases and low rates will prevail until the staff forecasts that the 2% target can be sustained. Discussions about the p...
The dovish ECB's forward guidance and the unexpected rise in weekly US jobless claims to a two-month high sent bond yields tumbling. The US 10-year pulled back from 1.30%, and benchmark yields in the eurozone fell to new 3-4 month lows. New record virus cases in Sydney cast a pall ove...
ffikretow/iStock via Getty Images The Brexit drama is far from over, with the U.K. and EU on a collision course over the rules for Northern Ireland. It was only seven months ago that the two sides came to an agreement on a Brexit deal, but Britain now wants to overhaul a trade system for the ...
Since last November’s vaccine news, financial markets have been "hanging ten" on a swell of cyclical, value and small-cap stocks, and rising Treasury yields. Crosswinds started to grow in the second quarter, however, as economic and inflation data ran hot: rising yields stalled...
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On Thursday, May 2, the U.S. stock markets closed higher as investors evaluated the Federal Reserve’s dovish rate guidance and mixe...
On Wednesday, May 1st, the U.S. stock markets closed mixed after the Federal Reserve held interest rates steady and hinted at a possible future rat...
2024-05-01 12:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...