Market Overview

Another calm night on financial markets, but we have seen some buying of USD’s led by moves across the US fixed income curve, while US equities and oil plod every gradually higher.Starting on...

A surprise sovereign downgrade of China by Moody’s sees iron ore collapse taking the Australian Dollar with it.If ever there was a lesson about how intertwined the global economy is in the 21st...

After rising significantly in 2016, the Chinese manufacturing PMI has weakened as of late. This has been accompanied by a decline in the industrial metals commodity price index. Chart 1 shows that...

The FTSE 100 remained capped below 7500p at the open. The heavy sell-off in commodities following China’s debt rating downgrade has taken its toll on the UK’s mining stocks (-1.10%)....

There's a famous quote..."The lottery is a tax for people who are bad at math." It seems the Trump administration is a tax for a country that stopped caring about government. For all those who have...

FTSE +7 points at 7492DAX -14 points at 12645 CAC -10 points at 5338 Euro Stoxx -3 points at 3592 Moody’s downgraded Chinese debt to A1 from Aa3 and revised the outlook from negative to stable....

Yesterday, the Trump administration released the long-waited budget for the fiscal year 2018 and the administration's prioritises for the next 10 years. The Trump administration expects to eliminate...

Speeches by ECB President Mario Draghi and ECB Chief Economist Peter Praet will be interesting following the strong euro PMI data yesterday. Mario Draghi tends to put a lot of focus on PMI and the...

The Sentier Research median household income data for April, released this morning, came in at $59,361. The nominal median rose $688 month-over-month and is up $2,176 year-over-year. In percentages,...

Today the Richmond Fed Manufacturing Composite Index plunged 19 points to 1from last month's 20. Investing.com had forecast 15. Because of the highly volatile nature of this index, we include a...

This morning's release of the April New Home Sales from the Census Bureau came in at 569K, down 8.4% month-over-month from a revised 642K in March. Seasonally adjusted estimates for December and...

DOW + 43 = 20,937SPX + 4 = 2398NAS + 5 = 6138RUS (NYSE:IWM) + 3 = 138010-y + .03 = 2.28%OIL + .36 = 51.49GOLD – 9.70 = 1251.70In the morning, U.S. economic data showed new single-family home...

Two more manufacturing surveys suggest sharp deceleration in momentum, or, more specifically, the momentum of sentiment (if there is such a thing). The Federal Reserve’s 5th District Survey of...

Germany’s Gfk Consumer Climate Index looks set to edge up to a 16-year high Existing home sales in the US to dip in April, following a drop in new-home sales The 2-year Treasury yield drifting,...