Economic Highlights
Date: July 16, 2018 United States: Fed's Powell Says the U.S. Economy in ‘Good Place’ But Trade Is a Risk Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the U.S. economy but warned a sustained period of high tariffs on a wide variety of imports could be harmful to growth. “I sleep pretty
Date: July 13, 2018 United States: U.S. Stock Futures Drift as Traders Weigh Earnings: Markets Wrap U.S. equity-index futures struggled for traction as investors focused on second-quarter earnings, and as China’s record trade surplus with America served as a reminder that protectionist tensions aren’t going away. The pound fell as the Brexit quagmire deepened. Futures
Date: July 12, 2018 United States: U.S. Yield Curve to Invert in Mid-2019, Morgan Stanley Says The Federal Reserve next March will probably map out an end to the contraction in its balance sheet, helping support longer-dated bond yields, which will drop below those on shorter-dated notes by the middle of 2019, according to Morgan
Date: July 10, 2018 United States: U.S. Producer Prices Rise From Year Ago by Most Since 2011 U.S. wholesale prices rose in the 12 months ended in June by the most since November 2011 as the costs of services accelerated, a Labor Department report showed Wednesday in Washington. The figures, which measure wholesale and other
July 10, 2018 United States: Stocks Rise Before Earnings as Treasuries Decline: Markets Wrap Stocks edged higher and Treasuries fell as a lull in the trade war gave investors room to focus on the start of the earnings season. The S&P 500 Index rose for a fourth day, while European shares advanced with help
Date: July 9, 2018 United States: Here's How a Trade War Between the U.S. and China Could Get Ugly The first shot of the U.S.-China trade war went off without much of a reaction from investors. The calm may be short lived. For months, financial markets have been bracing for President Donald Trump to follow
Date: July 6, 2018 United States: Trade War ‘Would Be Horrible’ for the U.S. Economy, Arthur Laffer Says Arthur Laffer, a former economic adviser to President Ronald Reagan and to Donald Trump’s campaign, said the threat of a global trade was hanging over the U.S. economy and could undo the pro-growth policies that Trump has championed.
Date: July 5, 2018 United Sates: U.S. Stock Futures Follow Europe Jump; Euro Rises: Markets Wrap U.S. equity futures rallied alongside European peers, while Asian shares dropped to a nine-month low as traders prepare for the implementation of fresh trade restrictions between America and China. The euro advanced on the prospect of earlier-than-anticipated monetary tightening. Futures
Date: July 4, 2018 United States: Trade War ‘Would Be Horrible’ for the U.S. Economy, Arthur Laffer Says Arthur Laffer, a former economic adviser to President Ronald Reagan and to Donald Trump’s campaign, said the threat of a global trade was hanging over the U.S. economy and could undo the pro-growth policies that Trump has championed.
Date: July 3, 2018 United States: Investment-Grade Bond Investors Brace for a Rising Tide of M&A The U.S. corporate bond market is bracing for a flood of supply from mergers and acquisitions in the second half of the year. Borrowers will have to pay up after a first-half deluge helped wreck spreads. Sales of investment-grade
