Market Overview

European equity markets are expected to open slightly higher on Tuesday following mixed trade in Asia overnight, as Chinese manufacturing data disappointed but the Reserve Bank of Australia cut...

The European Commission may raise its GDP forecast following upbeat Q1 data Brexit worries could weigh on today’s April update of UK manufacturing sentiment Some companies may have shelved new...

The Federal Reserve, like chaperones at a fraternity house party, has appeared overly concerned about the prospect of upsetting the party-goers and has backed off from earlier indications that it...

Boom, boom, boom…it keeps going…and going…and going…You’ve seen the commercials: A device operating on inferior batteries dies just as a drum-beating,...

A friend sent me some comments from Chris Powell over at GATA (the Gold Anti-Trust Action Committee, headquarters for the gold manipulation crowd) writing about the possibility of a change in the...

Today the Institute for Supply Management published its monthly Manufacturing Report for April. The latest headline PMI was 50.8 percent, a decrease of 1.0 percent from the previous month and below...

Rumors of the demise of tech bubble 2.0 started percolating last year. Q1 of this year proved it wasn’t an exaggeration. Last month the Wall Street Journal reported that funding for startups...

Markets Know Rate Deferrals Cannot Last ForeverAs noted on April 20, under the 'economy-continues-to-grow' scenario, the Fed cannot indefinitely postpone the next rate hike. From Bloomberg: When does...

Bad theories never die.For example, please recall the Phillips Curve economic theory states that decreased unemployment correlates with higher rates of inflation. Unemployment has plunged, but wage...

Yesterday, China announced one of the most important tax reforms of the past twenty years. It is replacing a business tax on gross revenue for non-manufacturing companies with a VAT. Manufacturing...

Slight dip in GDP with encouraging signsAs expected, the Canadian economy shrank slightly in February after an outsized gain the previous month. Despite the slight downturn in GDP announced on Friday,...

Market Brief USD/JPY falls to 18-month low For the start of the trading week risk appetite in Asia was poor as the JPY sunk to an 18-month low. USD/JPY fell to 106.28 following economic data...

For most Americans, wages simply aren’t rising quickly enough, and that’s blamed for holding back consumer spending and economic growth.Jobs growth has hardly been robust, and that limits...

Monday May 2: Five things the markets are talking about.It’s a bank holiday shortened trading week for some (China, Singapore, Taiwan, U.K and Ireland), but for others it’s expected to be...