News

Not a good look for risk going into European morning trade S&P 500 futures are now down ~0.8% to a fresh low and that is keeping the dollar slightly more bid as we start to look towards European trading. The ranges in the major currencies space are still relatively modest but the greenback is keeping
Libya restarts production Worries about a virus pickup and the return of Libyan oil are weighing heavily on crude. There is also the death of the Kuwaiti head of state to consider and the fumbling on the EU recovery fund. Crude was trading at $40.25 when New York traders arrived, it’s down to $38.62 now,
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
It’s non-farm payrolls week It’s been a September to remember with some good volatility throughout financial markets. Next week we will turn the calendar to October and that means we’ll get the September jobs report. Monday: Dallas Fed Tuesday: Advance goods trade balance Wholesale inventories Case-Shiller house price index Conference Board consumer confidence Wednesday: ADP
Johnson & Johnson’s experimental Covid-19 vaccine phase 1/2 trial findings have provided some encouragement. induced immune responses in most people who received the shot displayed an acceptable safety profile Now for some caveats. These are from a small early-stage trial. They are interim, posted on online preprint server medRxiv. The report is not yet peer-reviewed, not
Fitch on the UK rating From Fitch, who lowered the UK to AA- in March. The UK’s ratings balance a high income, diversified and advanced economy against high and rising public sector indebtedness. Sterling’s reserve currency status, deep capital market and strong governance indicators support the ratings. The very long average maturity of public debt
Reuters report citing unnamed sources To raise debt-to-GDP target to 160% from 157.6% in August. Will aim to lower to 156% in 2021 Will raise budget deficit target to about 12.8% of GDP from 11.9% in Aug To target 2021 at 7% To set 2021 GDP growth target at 6% from 4.7% in April Remember
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Global Times with the report: Two Australian “anti-China” scholars have been banned from entering China, the Global Times learnt from sources. The two are: Clive Hamilton, professor of public ethics at Charles Sturt University in Canberra. Works mainly on climate change and CCP influence. Alex Joske, analyst ASPI_ICPC ( Australian Strategic Policy Institute International Cyber Centre) studying the
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do