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Fed’s Williams: Downside risks to employment have increasedUS November S&P Global services flash PMI 55.0 vs 54.6 expectedUS November final UMich consumer sentiment 51.0 vs 50.5 expectedUS real […]

The major US indices had a volatile go at it today.The Dow industrial average had a range of about 800 pointsThe S&P index had a range of 137 points or 2.07%The NASDAQ index had a range of 627 […]

Major stock market indexes in the United States closed higher on Friday after Federal Reserve Bank of New York President John Williams indicated that «I still see room» for the central bank to lower […]

The AUDUSD is caught in a technical sandwich. Buyers found a floor at a key long-term swing area, but the recovery rally has run smack into a wall of resistance against a key MA. .If you look at the […]

The President of the United States judges himself — seemingly every day — on the value of the Dow Jones Industrial Average.He is a person that can’t stand to see stock markets go down, even for a […]

Trump hates to the see the market go down.There is a breaking report about Trump’s team floating selling H200 Nvidia chips to China. This idea has come and gone a couple times in the past month.There […]

The GBPUSD is waking up and trying to take more control with a push to the upside, but there is work to be done.Looking at the hourly chart of the GBPUSD, the pair has been battling back and forth, […]

We have been down this road before, but Russian Pres. Putin is saying:He received the US plan for Ukraine.Think they can be a basis for final resolution. Text was not discussed with Russia.Says that […]

The Atlanta Fed GDPNow growth estimate for Q4 remained at 4.2%. That is still at the highs for the quarter. In their own wordsThe GDPNow model estimate for real GDP growth (seasonally adjusted […]

Major US stock markets surged on Friday, with the Dow Jones Industrial Average climbing more than 600 points in midday trading.The rally was encouraged by growing expectations of interest rate cuts […]

BOJ’s Masu to Nikkei says:BOJ is close to decision to raise ratesSays it’s not good for real interest rates to be deeply negativerelationship with the neutral rate of interest rate. Japan’s policy […]

The major European indices are mostly closing lower. The UK FTSE 100 rose by +0.05%. France’s CAC fell by -0.03%.A look at the closing levels shows:German DAX, -0.78%France’s CAC, -0.03%UK’s FTSE 100 […]

European markets closed mixed on Friday as investors reacted to a new round of economic data across the region. In the UK, private sector growth slowed in November, while retail sales for October […]

Like the US employment report, the BLS is saying that the CPI report for October will NOT be released, and that the November report will be released on December 18. That is after the December FOMC […]

Pres. Trump is saying:Ukraine is losing land Russian Pres. Putin does not want to get more landThursday is an appropriate deadline for Ukraine planMeanwhile: Ukraine, France, Germany, and UK are […]

Amazon CEO Andy Jassy filed to sell 19,872 shares of the company, which are worth around $4.3 million.The giant’s Chief Global Affairs & Legal Officer, David Zapolsky, did the same, selling […]

Must remain vigilantSeparately from the ECB’s Kocher:There are geopolitical and economic risks that are at a level we haven’t seen in a long timeAt the moment, we seem to be in a good place […]

Both the NASDAQ and S&P 500 are breaking lower, hitting new session lows and crossing below their 100-day moving averages (MA) for the first time since May.S&P 500: The index is currently […]

With an uptick in inventories of durable goods offset by a dip in inventories of non-durable goods, the Commerce Department released a report showing U.S. wholesale inventories came in roughly flat […]

The USDJPY has experienced weakness in the last hour, extending its decline to the 100-hour moving average at 156.28, with a low print of 156.22 just beneath it.The 100-hour MA is the initial key […]

USD/JPY made a quick move lower, running stops below 156.60 down to 156.20 where it’s bounced.With the intervention talk in USD/JPY, that’s always a threat but I think this is more a case of stops […]

Partly reflecting the end of the U.S. government shutdown, the University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously […]

Prior month 1.3% (revised from 1.4%)Wholesale sales for the month of August 0.1% versus 0.4% estimate.Wholesale inventories 0.0% versus -0.2% estimate. Inventory to sales ratio 1.28 months versus […]

Prelim was 50.5Prior was 53.6Conditions 51.1 vs 58.6 priorExpectations 51.0 vs 50.3 priorThe UMich numbers are unreliable and haven’t tracked consumer spending for a long time. […]

Sector OverviewToday’s stock market heatmap reveals a mix of dynamic sector performances, with technology leading the charge. Notably:Communication Services: Google (GOOGL) surged by 3.50%, boosting […]

Prior was 54.8Manufacturing 51.9 vs 52.0 expPrior manufacturing 52.5Composite PMI 54.8 vs 54.5 priorPrior composite 54.6Chris Williamson, Chief Business Economist at S&P Global Market […]

The USDCHF pushed up to the high end of the 0.8066-0.8076 key swing area yesterday, where sellers emerged and subsequently pushed the price lower today.Today’s decline found support just ahead of the […]

United States equity markets opened higher on Friday as investors assessed New York Fed President John Williams’ signal that another rate cut may still be possible «in the near term.» Markets also […]

Maybe the consumer isn’t doing so badly after all?The Gap CEO Richard Dickson said in the earnings call that despite «widely reported macroeconomic pressure on the low-income consumer,» Gap Inc. saw […]

The USDCAD experienced fluctuating movement today after extending its upward trajectory yesterday, surpassing a key swing area near 1.40791. Yesterday’s high also tested and stalled at another […]

Repeats she would find it difficult to support Dec rate cutInflation too high, jobs market roughly balancedRepeats that Oct cut was not warrantedMore from Collins:Global economic fragmentation could […]

The comments from the Fed this morning have shifted a bit with Fed’s Williams saying that policy is still restrictive and that could lead to a cut. Fed Collins said that is important to be […]

United States Treasury yields declined on Friday as investors digested the latest remarks by Federal Reserve Bank of New York President John Williams, who said that he sees «room for further […]

The UK private sector activity reported a softer expansion in November, largely due to a loss of momentum in the service sector, flash survey results from S&P Global revealed on Friday. The […]

Slovenia’s producer price inflation accelerated in October to the highest level in four months. Industrial producer prices rose 1.3 percent year-on-year in October, faster than the 0.7 percent […]

Eurozone private sector logged a robust growth in the penultimate month of the year as services activity grew the most in a year-and-a-half, survey results published by S&P Global showed on […]

The UK budget deficit exceeded the official estimate in October and also hit the second-highest in any October since 2020, the Office for National Statistics said Friday.

Ireland’s wholesale prices decreased for the ninth straight month in October. Output prices in the manufacturing industry dropped 3.5 percent year-over-year in October, faster than the 2.6 percent […]

French manufacturing confidence weakened in November after strengthening in the previous month. The manufacturing confidence index dropped to 98.0 in November from 100.9 in October, which was the […]

Bitcoin lost over 5% on Friday amid a wider cryptocurrency drop, trading at lows unseen since April 11. The selloff follows a tech stock slump, with the Nasdaq 100 ending yesterday’s trading session […]

The United States stock futures traded higher on Friday, rebounding after yesterday’s selloff, incited by comments of Federal Reserve Bank of Cleveland President Beth Hammack and a member of the […]

Germany’s private sector growth softened in November with slower increases in both services and manufacturing, flash purchasing managers’ survey results from S&P Global showed on Friday.

Denmark’s business confidence decreased for the second straight month in November. The overall business confidence index, which combines expectations in industry, construction, retail trade, and […]

France’s private sector economy broadly stabilized in November driven by a fresh rise in services activity, flash survey results from S&P Global revealed on Friday.

Major cryptocurrencies extended their losses on Friday, with Bitcoin declining by more than 3% to its lowest level since April, after the release of the latest jobs data in the United States showed […]

Malaysia’s consumer price inflation eased slightly in October after rising to the highest level in seven months. The consumer price index, or CPI, climbed 1.3 percent annually in October, slower than […]

Crude oil prices declined on Friday after signals that a peace deal between Russia and Ukraine could be reached, which would boost global market supply.The day before, Ukrainian President Volodymyr […]

Major European stock indexes started trading lower on Friday as investors looked ahead to the latest batch of Purchasing Managers’ Index (PMI) data from Germany, the Eurozone and the United Kingdom, […]

UK retail sales declined for the first time in five months in October as consumers delayed their spending in the lead up to Black Friday, the Office for National Statistics said on Friday. British […]

Singapore’s economic growth for the current year was upgraded on Friday after the city-state economy posted a stronger-than-expected expansion in the third quarter. The Ministry of Trade and Industry […]