Investors are cheering fresh hopes for an upcoming coronavirus vaccine and upbeat Chinese PMIs. Eurozone CPI figures and end-of-month flows are set to move markets. Stephen Hahn, head of the US Food and Drug Administration, said he is willing to fast-track vaccine approval if benefits outweigh the risks. China has approved the Sinovac COVID-19 vaccine […]
Amid thin trading and signs the economic recovery is losing momentum, most stocks closed lower on Friday. Adding to the gloom: Congressional negotiations over additional pandemic relief have gone nowhere and likely won’t start again for weeks, now that US legislators have gone on holiday through the end of August. We expect this conviction to […]
Asian stocks kicked off the week on a strong positive note; hopes for more policy support being pretty much the only explanation to the early week optimism. The economic calendar is modest, and many market participants will probably extend their long weekends. The ISM Non-Manufacturing Index and jobless claims data will be the most important. […]
Three major central banks meet this week, the Reserve Bank of Australia, the Bank of Canada and the European Central Bank. The first two will likely assure investors and businesses that they are prepared to do more if necessary, but are probably not going to take fresh initiatives. On the other hand, the ECB is […]
