Blogs

Lighthizer upbeat on China deal This is a good sign for risk trades for now. In the bigger picture, the US and China aren't heading towards any kind of reconciliation and the election will be all about who is toughest on China.

ABC report Joe Biden has been out campaigning in a mask but Trump has been reluctant to wear one in public. I can't imagine he's going to be out there shaking hands with strangers without a mask on so I'm not sure how this is going to work. Anyway, never a dull moment.

US Secretary of State will talk about China-based companies Reuters reports that US Secretary of State Mike Pompeo will warn later today about the accounting practices of China-based companies. In terms of actions, he will say that Nasdaq's decision to tighten listing rules for these companies is a model for other exchanges.

The latest CDC data The CDC numbers tend to lag by a day but this is encouraging. It's not yet on the CDC chart but this would be the lowest in more than a month.

The euro is higher 9 days in a row " Merkel's popularity is on the rise again following Germany's handling of COVID-19 but Merkel is also on the way out and hence her influence domestically is still not what it was. The haggling in Germany this week is an indication of what lies ahead in […]

Iraq says it won't be able to hit output target until the end of July] Russia and Saudi Arabia have agreed to extend output curbs for another month but on the condition that everyone else participate.

Dow industrial average ekes out a small gain The final numbers are showing: Below are the percentage changes and high low percentages for the major indices in North America and Europe. European shares end the day modestly lower after the sharp gains over the first 3 days of the trading week. 

Just barely but the USDJPY is making new highs  The USDJPY traded below the 50% of the move down from the March 24 high at 108.84 but the watch was on for a potential move above ). 

S&P 500 down 27 points US stock losses are accelerating and the S&P 500 has fallen below yesterday's post-opening low of 3098. That puts it into a bit of a gap that extends to 3081. Friday's non-farm payrolls report is sure to be ugly. The market has brushed off jobs worries for three months now […]

Up $0.12 or 0.32% OPEC+ have still not confirmed the day for its during meeting.  Saudi Arabia and Russia have reached a preliminary deal to extend up curves for an extra month. Iraq, however, is so far not in agreement