Stocks Lower On Weak Data/Dollar Gains
Stocks Lower On Weak Data/Dollar Gains
U.S. stocks were moving lower recently after reports on unemployment claims and the September trade balance indicated the economy is weakening further. New claims for unemployment benefits rose above 500k for the first time in seven years last week while September’s report on trade showed that both imports and exports […]
Yen Gains on Dollar During NY Trading as Early Stock Gains Melt Away
Yen Gains on Dollar During NY Trading as Early Stock Gains Melt Away
JPN Core Machinery Orders Rise More Than Expected
In Japan, machinery orders, excluding the volatile ones such as those for ships and electric power companies, rebounded in the month of September climbing 5.5% on a monthly basis. The rise only partially offsets the major […]
Markets Slide After Rate Cuts/Dollar Gains
Markets Slide After Rate Cuts/Dollar Gains
Global equities were falling sharply on Thursday after the ECB reduced borrowing costs by 50 basis points and BoE shocked markets with a massive 150 basis point reduction. Both moves came one week after the Fed’s 60 basis point cut last Wednesday.
“Stocks usually get a short-term boost from rate cuts, […]