Author: Admin
Some Fed watchers say the choice of Warsh means it’s more likely that Powell will continue to stand in Trump’s way.
Highlights include policy announcements from the ECB, BoE, RBA, RBI, Banxico, US & Canada jobs data, EZ flash inflation, PMI data, OPEC meeting, ISM, Treasury QRA Treasury Yield Curve SUN: OPEC+ to hold a ministerial meeting. MON: BoJ SOO (Jan); Final Manufacturing PMIs (Jan); German Retail Sales (Dec); US ISM Manufacturing PMI (Jan); Treasury Financing Estimates. TUE: RBA Announcement/SOMP; CBRT Inflation (Jan); French Prelim. CPI (Jan); US JOLTS (Dec)US JOLTS (Dec); RCM/TIPP (Feb); New Zealand Unemployment (Q4). WED: Riksbank Minutes (Jan); China PMIs (Jan); Final Composite/Services PMIs (Jan); EZ Flash HICP (Jan); US ADP (Jan); Treasury Quarterly Refunding Announcement;…
The federal tax collector seems poised to run out of funding on Saturday, just days after it started processing 2025 income-tax returns.
EUR/USD drops during the North American session, down by 0.75% amid a session characterized by overall US Dollar strength, sponsored by Trump’s mild-hawkish pick to lead the Federal Reserve and an inflation report that warrants steady rates by the Federal Reserve. At the time of writing, the pair traded at 1.1882 down from daily highs of 1.1974.Euro sinks below 1.19 as hawkish Fed leadership signals and sticky inflation crush rate-cut hopesKevin Warsh is Trump’s election to be the next Fed Chairman of the Federal Reserve, confirming rumors that leaked late on Thursday. The financial markets sent precious metals tumbling, while…
The cost of wholesale goods and services rose sharply at the end of last year, underscoring that the battle against inflation is far from over as President Donald Trump names his pick for chair of the Federal Reserve.
The CAD is showing moderate outperformance against the USD, supported by stronger commodities and firm risk sentiment. The Bank of Canada maintained its benchmark rate at 2.25%, indicating that current policy is suitable for growth. The CAD’s fair value estimate has improved, reflecting its strongest position since last June, report Scotiabank Chief FX Strategist Shaun Osborne and FX Strategist Eric Theoret.CAD strengthens against USD”The CAD continues to pressure major USD support in the mid-1.35 area (last June’s low at 1.3540) after spot pushed below long-term trend support (1.3660 earlier this week).””Trend momentum signals are aligned bearishly for the USD across…
Tyson Foods, Amazon and other big companies are facing pressure from some shareholders to provide reports about how they’re being affected by the Trump administration’s immigration policies.
The Philippine economy grew 3.0% year-on-year in 4Q25, falling short of expectations and marking the weakest pace since 1Q21, according to UOB’s Global Economics & Markets Research. For the full year, real GDP grew 4.4% in 2025, below the forecast of 4.6%. Looking ahead, the expectation for a modest recovery to 5.0% in 2026 remains intact, supported by various factors including the Philippines’ ASEAN chairmanship.Weak growth outlook for Philippines”The Philippine economy grew 3.0% y/y in 4Q25 (from a downwardly revised 3.9% in 3Q25), marking the weakest pace since 1Q21 and undershooting our estimate and Bloomberg consensus of 3.7%.””Looking ahead, we…
Shares of the software company were set to extend declines despite a better-than-expected forecast.
Tesla (TSLA) stock advanced 3% afterhours on Wednesday following Elon Musk’s primary company posting a $0.05 earnings beat. The company posted adjusted EPS of $0.50 on revenue of $24.9 billion. Revenue bested consensus by $140 million but fell 3% YoY. Tesla’s automotive segment saw revenue decline by 11% YoY, while the energy business witnessed a 25% increase YoY.Tesla’s operating margin compressed by 50 basis points to 5.7% as an 11% decline in operating income was outmatched by a 39% jump in operating expenses.In the fourth quarter of 2025, Tesla reported free cash flow of $1.42 billion compared with $3.99 billion…