Consumer Confidence

Global Stocks Mixed After "Nightmare Victory" For Merkel; Chinese Property Developers Crash

European stocks rose as the euro tumbled following Germany’s election result which was dubbed a "Nightmare Victory" for Merkel and could lead to complicated coalition talks. U.S. equity-index futures point to a lower open, while Asian equities slide after a plunge in Chinese property developer names as well as tech stocks following more iPhone delivery concerns. S&P500 futures are steady. 

Traders Yawn After Fed's "Great Unwind"

One day after the Fed unveiled the "Great Unwinding" the reaction has been largely muted, with S&P futures unchanged, near all-time highs as European and Asian shares rose modestly while the dollar edged marginally lower through the European session after yesterday’s post-Fed surge.

UMich Consumer Confidence Slides On Loss Of 'Hope'

University of Michigan's headline consumer confidence index slipped lower in Septemeber (prelim) from 96.8 to 95.3 driven by a tumble in 'expectations' that offset a burst in 'current conditions' to its highest since Nov 2000!

Key Events In The Coming Week: BOE, SNB, Inflation And Retail Sales

In a somewhat quieter week for economic news, this week's focus is on BoE and SNB policy meetings as well as on inflation releases in US, UK, China and others. Other releases of note include retail sales in the US, UK and China along with industrial production in US, Eurozone & China.

Goldman Slashes Q3 GDP By 30% Due To Hurricane Disaster

"Given potentially sizeable growth effects from Harvey—and with Irma risks now moving to center stage—we are lowering our Q3 GDP tracking estimate by 0.8pp to +2.0%. However, we expect this weakness to reverse over the subsequent three quarters, more than recouping the lost output"

How Harvey And Irma Will Slam The US Economy: A Complete Walk Thru From BofA

Hurricane Harvey may end being the most expensive natural disaster in history (Irma damages estimates are still not available). Expect to see the sharply negative impact from Harvey in upcoming economic data, including jobless claims, manufacturing and consumer data, and eventually , GDP. Here's the full walk thru.

ECB Preview: A Trapped Mario Draghi Makes A Decision

After a barrage of media trial balloons (as recently as today) meant to temper the enthusiasm of Euro bulls now that the EURUSD is back to 1.20 and threatening European corporate profitability, Mario Draghi's Sintra hawkishness is a distant memory.

World Stocks Rebound, Dollar Rises As Korea Nuclear War Fears Recede

S&P futures are higher in early Wednesday trading, alongside Asian stocks and European bourses, both solidly in the green as the EURUSD drifts below the 1.20 "redline" while the dollar rebounds off a two and a half year low following the US "measured" response to North Korea’s missile test, which soothed jittery investors who now turn their focus to US economic data.