Date: September 21, 2018 United States: Biggest U.S. Premium Over Europe Since '80s Fails to Help Dollar Not since the 1980s have U.S. Treasuries had such handsome yield premiums over their German counterparts. Yet none of that widening advantage in recent weeks has helped the dollar, in a disconnect that’s catching analysts’ attention. Prospects for
Date: September 20, 2018 United States: Trade Tensions Push Finance Chiefs' Outlook to Worst in a Year As the Trump Administration keeps piling on tariffs, U.S. stock traders are averting their gaze and holding on tight. Corporate finance chiefs are having a more difficult time. North American chief financial officers’ optimism fell across the board
Date: September 19, 2018 United States: U.S. Futures Drift With Europe Stocks; Dollar Dips: Markets Wrap U.S. equity futures drifted alongside European shares after a positive session in Asia as investors wagered the world’s two-biggest economies can iron out trade differences. The dollar edged lower while the yuan advanced as China said it won’t devalue
Date: September 18, 2018 United States: U.S. Takes Grenade Off the Table' With Tweak to Rusal Sanctions The U.S. has laid the groundwork to avoid a brewing crisis in the global aluminum market. By making a technical tweak to sanctions on United Co. Rusal on Friday, the U.S. Treasury handed a potential lifeline to buyers
Date: September 14, 2018 United States: U.S. Import Prices Fall by Most Since Early 2016 Amid Trade War Prices for goods imported by the U.S. fell in August by the most in more than two years amid global trade tensions, Labor Department figures showed Friday. Import prices declined 0.6 percent from the prior month, the most
Date: September 13, 2018 United States: U.S. Core Inflation Unexpectedly Cools on Apparel, Medical Costs A gauge of underlying U.S. inflation unexpectedly cooled in August as apparel prices fell by the most in about seven decades and medical-care costs declined, offering Americans a respite from accelerating price gains. Excluding volatile food and energy costs, the core
Date: September 12, 2018 United States: Florence to Batter U.S. Data But Harm to Economy Likely Small The economic impact of Hurricane Florence is unlikely to be large but could muddle U.S. data for months, judging from past experience. Last year, Hurricanes Harvey and Irma constrained activity in the third quarter of 2017 and sparked rebuilding
Date: September 11, 2018 United States: Fed's Rosengren Wants Two More Hikes in 2018 as Economy Grows One more interest rate hike in 2018 won’t satisfy Eric Rosengren’s definition of gradual. In an interview, the president of the Federal Reserve Bank of Boston made clear that, barring an unexpected turn for the U.S. economy, he’ll push
Date: September 7, 2018 United States: U.S. Payrolls Rise 201,000 While Wage Gains Accelerate to 2.9% U.S. job gains rebounded by more than forecast in August and wages unexpectedly registered their biggest advance of the expansion, keeping the Federal Reserve on track to lift interest rates this month and possibly another time this year. Nonfarm payrolls
Date: September 6, 2018 United States: A Rare U.S.-Europe Junk Bond Split Tantalizes Big-Money Funds Europe’s high-yield bond market has gotten tantalizingly cheap, according to big-gun debt funds. Money managers at JPMorgan Asset Management and PGIM Inc. who oversee about $70 billion collectively say it’s time to buy. Even as Italy’s populist government bids to balloon
