Investors familiar with the rapid acceleration of the US dollar could look to Washington for an answer. “The state of political anger clearly knows the dollar as the failure of more fiscal stimulus [and] the clear partisan skirmishing over post-in voting, which threatens to undermine the credibility of the election, …
Read More »Asian markets are booming, though Nikkei is falling behind Japan’s record contraction
Japanese stocks fell while other Asian markets won Monday, after Japan reported a record economic contraction as the coronavirus pandemic loomed over retail, investment and exports. Investors in Asia looked forward to central bank meetings this week in China, Indonesia and the Philippines, with a few other market-moving events in …
Read More »Stock market looks like ‘Wile E. Coyote,’ running down a cliff, ‘says expert
The S&P 500 index is crawling to the brink of a rare barrage, and persistent uncertainties created by the COVID-19 pandemic in its rise. Although the most important benchmark of the stock in the world is likely to have climbed to a record, the rally has been postponed by the …
Read More »Gold prices fall, looking at the first loss of the week since early June
Gold futures led lower Friday, pulling back to two straight days of gains, with prices ready to record their first weekly loss in 10 weeks on the back of recent strength in U.S. Treasury yields. The week began with gold trading in record highs, but will end with “several factors …
Read More »Asian markets mutate as traders wait for US stimulus pending
Asian markets did not change much in early trading on Friday, after shares fell on Wall Street when the stalemate over a second coronavirus relief plan continued on Capitol Hill. Japanese Nikkei 225 NIK, + 0.06% was almost flay, while Hong Seng’s Hang Seng Index HSI, -0.05% 0.2% glide. The …
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