US business inventories for March 2022 Prior report 1.5% revised to 1.8%  US business inventories for March 2022 2.0% vs 1.9% ...read more

Posted on: Tue, May 17, 2022 1:57 PM

Prior was +77Home Depot earnings and comments from management today were very upbeat on US housing and home spending. ...read more

Posted on: Tue, May 17, 2022 1:57 PM

Shares of Home Depot are up 4% and I've been listening to the conference call to get a sense of what's happening in US housing, which is an area where ...read more

Posted on: Tue, May 17, 2022 1:45 PM

The major US stock indices are opening higher after retail sales came in about as expected with the control group (a feed into GDP) showing stronger g ...read more

Posted on: Tue, May 17, 2022 1:36 PM

Harker spoke about healthcare as an economic driver and didn't comment on rates. Here's the full text. I'll monitor for comments in the Q&A later.Here ...read more

Posted on: Tue, May 17, 2022 1:16 PM

Prior was +0.9%Capacity utilization 79.0% vs 78.6% expectedPrior capacity utilization 78.3% (revised to +78.2%)Industrial production ex autos +0.9% m/ ...read more

Posted on: Tue, May 17, 2022 1:12 PM

Prior was +0.5% (revised to +1.4%) Ex autos +0.6% vs +0.4% expected Prior ex autos +1.4% (revised to +2.1%) Control group + ...read more

Posted on: Tue, May 17, 2022 12:27 PM

Headlines:ECB's Knot: 25 bps rate hike in July is realisticRisk appetite improves further in European morning tradeDollar retreats on risk optimismEur ...read more

Posted on: Tue, May 17, 2022 11:32 AM

From a technical perspective, the pair is also seeing a modest bounce off support around 1.0400 if you go by the weekly chart. With broader risk s ...read more

Posted on: Tue, May 17, 2022 10:31 AM

OPEC+ compliance with its oil output cuts rose to 220% in April, up from 157% in March. That comes despite the easing of its output caps in recent mon ...read more

Posted on: Tue, May 17, 2022 9:54 AM

At least according to Interfax, who is citing Russia's deputy foreign minister, Andrey Rudenko:"No, negotiations are not going on. Ukraine has practic ...read more

Posted on: Tue, May 17, 2022 9:06 AM

GDP +5.1% vs +5.0% y/y prelim A minor revision and it is Q1 data, so it isn't really anything to pay much attention to. Some additional details ...read more

Posted on: Tue, May 17, 2022 8:57 AM

Risk sentiment is certainly picking up on the session with S&P 500 futures now up 65 points to 4,070, or up 1.6% on the day. Nasdaq futures are up ...read more

Posted on: Tue, May 17, 2022 8:49 AM

There's a bit of a quick jump in cable after the break above 1.2400, which offered some minor resistance as seen from the 9 and 11 May highs. Afte ...read more

Posted on: Tue, May 17, 2022 8:42 AM

In April trading and for the early parts of May, it has been a case of sell everything and rush to the dollar. All the talk in town was about delevera ...read more

Posted on: Tue, May 17, 2022 7:56 AM

The dollar and the yen are the laggards as we get into European trading today. This comes as we see a more positive risk tilt, on the balance of thing ...read more

Posted on: Tue, May 17, 2022 7:17 AM

Eurostoxx +0.6%Germany DAX +0.8%France CAC 40 +0.5%UK FTSE +0.2%Spain IBEX +0.8%This comes alongside the more positive mood in US futures as well. S&P ...read more

Posted on: Tue, May 17, 2022 7:09 AM

He will be speaking at 1800 GMT for roughly 35 minutes (as per the schedule here) with the topic focus being "The Federal Reserve's Plan for Taming In ...read more

Posted on: Tue, May 17, 2022 6:34 AM

Prior -46.9k March ILO unemployment rate 3.7% vs 3.8% expected Prior 3.8% March employment change 83k vs 5k expected Prior 10k ...read more

Posted on: Tue, May 17, 2022 5:57 AM

German DAX futures +1.0%UK FTSE futures +0.6%This makes up for the lack of enthusiasm in the showing yesterday, with European indices mostly softer to ...read more

Posted on: Tue, May 17, 2022 5:57 AM

The dollar is mildly weaker on the day after a light retreat to start the week yesterday. Yields tracked lower then but are moving back up now, though ...read more

Posted on: Tue, May 17, 2022 4:41 AM

On the revision, the agency says that the continued strict lockdowns are biting at economic activity across the country, leading to weaker growth ...read more

Posted on: Tue, May 17, 2022 4:15 AM

The Tourism Agency says that it would start allowing small group tours to enter into the country as "test cases" to assess conditions for a broader to ...read more

Posted on: Tue, May 17, 2022 3:58 AM

Tech stocks in China are on the rise (and in HK).  You may recall: A JP Morgan research report mistakenly described Chinese internet stocks as ' ...read more

Posted on: Tue, May 17, 2022 3:45 AM

Tesla will recall 107,293 vehicles in China from May 23 due to safety risks involves Model 3 and Model Y vehicles produced in the country be ...read more

Posted on: Tue, May 17, 2022 3:14 AM