Economist speculates on delay A delay in China’s largest political gathering could mean lower economic targets this year, the Global Times reports. A potential delay in the sessions of the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference set the tone on policies for the year but it
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Forex news for North American trade on February 4, 2020: Markets: Gold down $24 to $1553 WTI crude down 66-cents to $49.45 US 10-year yields up 7.2 bps to 1.59% S&P 500 up 48 points to 3297 AUD leads, JPY lags It wasn’t the news in North America that drove the rally in risk on
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What’s coming up today First of all, congratulations to the Great State of Kansas on a great game and a fantastic comeback. The economic calendar focuses on manufacturing today starting with the Canadian Markit PMI at 1430 GMT. The US final release is 15 minutes later. That all leads up to the 1500 GMT ISM
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Ifo economist, Klaus Wohlrabe, comments after the report earlier Industrial sector is slowly emerging from crisis Uncertainty has decreased in the last two to three months Helped by Brexit clarity and settlement in US-China trade conflict Says that Iran crisis did not play a big role in the survey earlier Expects German economy to expand
Just take note in case he touches on anything relevant to markets His address is scheduled to be from 1030 GMT to 1100 GMT with the theme being ‘Beyond Geopolitics’. It wouldn’t surprise me if he touches on trade, national security and overseas politics among other things in his speech later today. Given how US-China
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Bloomberg reports Well to be fair, I don’t think there is much to comment on. As mentioned at the time of the data release, it was more of a slight increase and doesn’t hint at anything too drastic i.e. likely no major intervention by the SNB. I wouldn’t expect the SNB to come out to
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Move will cut 800,000 barrels per day of supply Libyan commander Khalifa Haftar blocked oil exports at ports under his control, cutting Libyan exports by 800,000 barrels per day. The move is a power play ahead of a conference with Tripoli’s government that will be hosted by Angela Merkel in Berlin. He has so far
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US equity performance on Friday S&P 500 up 13 points to 3329 or +0.4% DJIA +0.2% Nasdaq +0.3% On the week: S&P 500 +1.9% DJIA +1.8% Nasdaq +2.3% The gains have been non-stop in large caps but it hasn’t been quite the same party in small and mid-caps. I’ll be watching the Russell 2000 in
Univ. of Michigan, capacity utilization, Housing starts There is a continuation of economic releases schedule tomorrow including: Building permits and housing starts at 8:30 AM/1330 GMT. Building permits are expected to come in at 1460K vs 1482K last month. Housing starts are expected at 1380K vs 1365K last month Capacity utilization and industrial production will be released at 9:15 AM ET/1415 GMT. Capacity utilization
AUD traders might want to take note of Citi on the path for Chinese economic data ‘surprises’ since mid-December Citi’s economic surprise indices are quite clever, they assess how economic data is performing relative to expectations. If the data is beating that’s a positive surprise, and a miss is a negative surprise. Its a reasonable
Decides to testify if subpoenaed The formal national security advisor John Bolton has tweeted that he would testify in impeachment trial if subpoenaed. Bolton criticized other Trump officials, including acting chief of staff Mick Mulvaney and US ambassador to the EU Gordon Sondland, for their involvement in efforts to pressure Ukraine to investigate Joe Biden. In his statement, Bolton noted that he previously
US House speaker, Nancy Pelosi, says the House will introduce and vote on a ‘War Power Resolution’ this week She notes that the resolution “reasserts Congress’s long-established oversight responsibilities by mandating that if no further Congressional action is taken, the Administration’s military hostilities with regard to Iran cease within 30 days”.ForexLive Just take note that
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