Phase One In The Bag, Retail Sales Rise, Traders Remain Cautious
Global markets are mixed following the signing of the Phase One Trade deal.
China and U.S. Sign Phase One, But Plenty of Problems Lie Ahead
The U.S .and China signed the ‘Phase One’ trade agreement, after years of a bitter trade war between the sides. Still, the accord is only a first step, as some U.S. tariffs will remain in place.
Asian Stocks Firm; Australian Shares Pass 7000-Point Milestone
The Australian share market surged into record territory on Thursday, passing the 7000-point milestone for the first time ever. The Bank of Japan is expected to keep monetary policy steady next week.
Fed Beige Book: US Economy Expands Modestly but Trade Concerns Linger
There was nothing in the Beige Book to suggest a change in Fed policy. Even with the signing of the trade deal between the United States and China on Wednesday, Fed policymakers are likely to maintain their wait and see approach.
Strong Swiss Franc Might Become Tougher Challenge for SNB
One-month implied volatility in the Euro/Franc Forex pair climbed to its highest level in nearly two months on Wednesday, up by as much as 11 basis points to 4.27%, according to Bloomberg.
U.S Retail Sales and Philly FED Manufacturing Numbers Keep the Dollar in Focus
Economic data from the U.S will be in focus later today, with stats out of the Eurozone on the lighter side.
European Equities: Economic Data and Sentiment Towards Trade to Influence
The futures say green as the markets respond to the signing of the phase 1 trade agreement. Economic data from the U.S will influence today.
The German Locomotive Ran Out of Steam in 2019
The German economy, once synonymous with robust growth, had a miserable 2019. GDP increased by just 0.6% and trade friction between the EU and the U.S. could weigh on Germany’s economy in 2020.
Anxious Markets Await Trade Deal Signing, Futures Are Flat, U.S. Data Surprises
Global markets are mixed as traders wait for the Phase One deal signing. The details so far suggest the Phase One deal is far less than the market was expecting.
Asian Shares Finishes Lower on Investor Trepidation Ahead of Trade Deal Signing
The fact that tariffs are likely to remain in place until after the 2020 U.S. presidential elections is rattling investors along with U.S. Treasury Secretary Steven Mnuchin’s comment that existing tariffs on Chinese goods would stay, pending further talks.