The Consumer Confidence Index slumped to 86.9 in April from 118.8 in March (revised from 120), The Conference Board's (CB) monthly data showed on Tues
Blogs
Wall Street opens higher led by strong gains in financial shares
Major equity indexes in the US opened higher for the second straight on Tuesday as upbeat earnings figures allowed risk flows to continue to dominate
Canadian economy to contract by 5.7% in 2020 – Reuters poll
The Canadian economy is expected to contract by 5.7% in 2020 before expanding by 4.5% in 2021, a Reuters poll showed on Tuesday. "In the April 23-28 R
Base Metals: Exhibiting a strong downtrend – TDS
The covid shock has translated into a broad convergence, with all metals in the industrial complex trading in line with the commodity demand indicator
USD/TRY: 7.00 psychological mark reached – Commerzbank
USD/TRY has reached the 7.0000 mark as expected above which lies the August 2018 peak at 7.1310, Karen Jones from Commerzbank informs. Key quotes “Fur
US Treasury Sec. Mnuchin: Big bounceback in economy expected by August and September
US Treasury Secretary Steven Mnuchin said on Tuesday that demand is expected to moe back as states reopen and noted that a big "bounceback" in the eco
Gold holds steady above $1700 mark, lacks follow-through amid upbeat market mood
Some aggressive USD selling helped revive demand for the dollar-denominated commodity. A strong rally in the global equity markets kept a lid on any
Stabilisation and mild strength across CEE – Danske Bank
Danske Bank view of stabilisation and mild strength across CEE in RUB, PLN, CZK and marginally HUF appears to be playing out. Key quotes “EUR/PLN to s
Coronavirus update UK: Coronavirus-related fatalities rose by 552 to 19,301
Coronavirus-related death tolls in the UK hospitals increased by 552 to 19,301, health ministry officials said on Tuesday, as reported by Reuters. Mar
Precious Metals: The balance of risks remains to the upside for gold – TDS
The precious metals theme is one of divergence, according to strategists at TD Securities. Key quotes “Our ChartVision indicator continues to point to