Articles

Juncker doesn't believe Trump will impose Europe auto tariffs: report

by editor on 2019-11-08 16:42:56 | 0 comments

Outgoing European Commission President Jean-Claude Juncker said he doesn't believe President Donald Trump will levy tariffs on imported European cars next week, according to an interview with German newspaper Sueddeutsche Zeitung. "Trump is going to make some criticism, but there won't be any auto tariffs," Juncker told the newspaper, according to Reuters. "He won't do it. ... You are speaking to a fully informed man." The U.S. has until November 14 to decide whether it will impose tariffs of up to 25% on autos and parts out of Europe...

U.S. October jobs report is likely to be a big dud, but not because the labor market is tanking

by editor on 2019-11-01 11:06:55 | 0 comments

A big dud. That’s what Wall Street suspects when the government tells us how many new American jobs were created in October. Not just because hiring in the U.S. has slowed, although it has. A six-week strike at General Motors might play an even bigger role. Here’s what to watch in the employment report due Friday morning. A striking number Economists polled by MarketWatch predict the U.S. added a meager 75,000 new jobs last month, down from a lackluster 136,000 in September. If they’re right, it would be the third reading below 100,000 this year...

Another rate cut, and then what? The Fed isn’t making any promises

by editor on 2019-10-29 13:01:56 | 0 comments

The Federal Reserve is widely expected to lower its benchmark interest rate on Wednesday by 25 basis points to a range of 1.5%-1.75%, the third such cut in three months. The fed funds futures market puts the probability at 94%. That same financial futures market is attaching low odds (28%) to another cut in December, which seems to be the message —three and done, at least for now — conveyed by Fed officials, starting at the top with Fed Chair Jerome Powell. But that message is not uniform nor without inconsistencies...

Inflation forecasts fall in ECB survey of forecasters for fourth straight time

by editor on 2019-10-25 13:23:51 | 0 comments

Inflation forecasts fell in the fourth quarter in the European Central Bank's survey of professional forecasters, the fourth successive fall of 0.1 percentage points. The forecasters expect annual inflation to average 1.2% in 2019 and in 2020, and 1.4% in 2021. The ECB targets inflation just below 2%. The forecasters also lowered their expectations of GDP growth, seeing 1.1% growth in 2019, 1% growth in 2020 and 1.4% growth in 2021. ...

Deutsche Bank argues the U.S. dollar has peaked and the euro has bottomed out

by editor on 2019-10-22 18:32:03 | 0 comments

Here’s some news that probably will cheer up one of its clients, President Donald Trump — Deutsche Bank believes the U.S. dollar has peaked. In a monthly note on its cross-asset strategy, Deutsche Bank’s argument against the dollar is more about an argument for the other side of the trade, the euro. The bank says European interest rates are already near the effective lower bound, leaving little room for more cuts. Plus, the manufacturing data between Europe and other markets are at extremes, where they tend to rebound...

Why a strong dollar could be a warning sign in this market

by editor on 2019-10-16 07:55:21 | 0 comments

With so many conflicting signals about markets, the economy in the U.S. and abroad, the impact of the China-U.S. trade war, and more, what’s an investor to think? Through all the noise, there’s one measure that bears watching. Even investors who don’t trade currencies should pay attention to the strength of the U.S. dollar, according to a note out Monday. That’s because while the strong dollar has a lot of effects, its cause, at least right now, is that investors around the world are skittish...

Fed grew more worried about economy at September meeting, minutes show

by editor on 2019-10-09 19:01:42 | 0 comments

  Federal Reserve officials were more worried about the U.S. economy by the time they met in mid-September, according to minutes of the central bank’s meeting released Wednesday. “Participants generally judged that downside risks to the outlook for economic activity had increased somewhat since their July meeting, particularly those stemming from trade policy uncertainty and conditions abroad,” the minutes said. There was even talk about possible recession, with several Fed officials noting that the probability of a recession “had increased notably in recent months...

Here’s why European leaders may let an economic slowdown morph into a serious crisis

by editor on 2019-10-08 19:07:15 | 0 comments

The eurozone economy keeps slowing — forecasts are regularly proving to be too optimistic. After its latest cut to GDP estimates, the European Central Bank now sees gross domestic product growing 1.1% this year and 1.2% in 2020, compared with projections issued in June for 1.2% GDP in 2019 and 1.4% in the following year. Europe faces a double whammy of uncertainties both foreign — slowing world trade brought about by U.S. tariffs coupled with the threat of further escalation — and domestic, the increasing possibility of a no-deal Brexit...

THE UNEMPLOYMENT RATE SITUATION - SEPTEMBER 2019

by editor on 2019-10-04 13:33:08 | 0 comments

THE EMPLOYMENT SITUATION - SEPTEMBER 2019 The unemployment rate declined to 3.5 percent in September, and total nonfarm payroll employment rose by 136,000, the U.S. Bureau of Labor Statistics reported today. Employment in health care and in professional and business services continued to trend up. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry...

Live quotes