Market Overview

There are two important areas of the market that have historically been good leading indicators of the strength, or weakness, of the markets and the economy. Oil and retail.Currently, both areas are...

The US employment data underscores the resilience of the US economy. Given the Fed's commitment to the Phillip's Curve, the robust jobs growth is sufficient to keep the faith that inflation will rise...

The US Bureau of Labor Statistics just reported the June Nonfarm Payrolls figures and while the data wasn't perfect, it's certainly reassuring for bulls on the US economy.On a headline basis, the US...

This morning's employment report for June showed a 222K increase in total nonfarm payrolls, surprising forecasts. The unemployment rate ticked upward from 4.3% to 4.4%. The Investing.com consensus was...

Non-farm payroll (NFP):The most important number to track on the jobs report this morning is not the top number or the unemployment rate but wages, which disappointed again.U.S Employers add +222k...

US equity markets are expected to open relatively flat on Friday, with bond yields back in focus as we await the June labour market data from the US and Canada.Higher Bond Yields Weighing on Equity...

The dollar continues to weaken, yet gold finds no incentive to rally.What gives? Fundamentally, in the basic real yield equation (nominal yields less inflation) – which arguably is the main...

Taper Tantrum 2.0, emanating from Europe rather than the United States continues to overshadow other developments. Yesterday, the yield on the 10-year German Bund pushed through the 50 bp mark that...

The main release today is the US jobs report for June. We expect employment rose 180,000 due to strong ISM and Markit PMI employment indices but yesterday's ADP jobs report puts some downside risks to...

Yen tumbles broadly as global bond rout continued and pushed yields higher again. German 10 year bund yields broke 0.5% level for the first time since January 2016. Meanwhile, US 10 year yield jumped...

Today is a fixed income story, with the ramifications of the trends developing in both nominal and ‘real’ (or inflation adjusted) bond yields having increasing bearings in equities,...

Central Banks and Geopolitics Pressure DollarThe US dollar is lower against most of the majors as a host of central banks have joined the Fed’s hawkish club in words if not in actions. The...

The Institute of Supply Management (ISM) has now released the June Non-Manufacturing Purchasing Managers' Index (PMI), also known as the ISM Services PMI. The headline Composite Index is at 57.4...

The June US Services Purchasing Managers' Index conducted by Markit came in at 54.2 percent, up 0.6 percent from the May estimate. The Investing.com consensus was for 53.0 percent. Markit's Services...