Blogs

Both White House advisor is speaking Hassett: Stocks are not worried. They are trading at session highs as the two men finish their interviews. S&P up 32.65 points at 2913Nasdaq is up 81 points at 9060.62

According to Fox news interview The tone on China has changed. Reports that China and US negotiators were getting together seems to have tilted the bias a little bit more toward a cooperative tone versus one that is accusing and blaming.  I am sure that will change and change again over time given the pattern and […]

Canadian employment report for April 2020: The headline is much better than expected but when you drill down into the numbers, there are so many caveats and they all paint a darker picture. More than one-third (36.7%) of the potential labour force did not work or worked less than half of their usual hours compared […]

The US jobs report for April 2020 The numbers came out remarkably near the estimates (give or take 1.5 million which maybe doesnt seem that close, but…).  The unemployment rate was better-than-expected.  However the Labor Department did say that large number of workers classified as employed, but a

Canada housing starts for the month of April 2020 See here for global coronavirus case data

The US is expected to lose about 22M jobs At 8:30 AM ET/1230 GMT, the US Labor Department will release the employment statistics for the month of April. Buckle up. The numbers will be a historic. However, the markets seem to be accepting of historically weak data, as traders look toward the future as opposed to the […]

Headline crosses A headline crossed saying that" The expectation is for net change in employment of -4.0M.   Take it for what it is worth. It may or may not be correct.  

Forex news from the European trading session – 8 May 2020 Headlines: Markets: – NZD leads, JPY lags on the day – European equities higher; E-minis up 1.0% – US 10-year yields down 1.6 bps to 0.624%

ECJ comments on the German court ruling on the ECB In case you missed the statement by the ECB in response to the German court ruling:

According to a statement by the UK government The two will be discussing on the international response and a coordination in dealing with the coronavirus pandemic. I wouldn't expect much to come from this but just something to take note of in any case. Perhaps a mention of Brexit may slip into the conversation.