CPI

Global Stocks Tumble; Gold, Safe Havens Jump On Doubts Trump Tax Cuts Will Pass

Global stocks tumbled amid growing doubts President Trump will be able to deliver on a promise of tax cuts that has powered stocks markets to record highs pushed shares lower on Wednesday and drove investors to seek safety in government debt, gold and the yen. As DB put it: "Warning! US equities can occasionally go down as well as up a lot."

Venezuela Stops Publishing Money Supply Data For Obvious Reasons

More than a year after hyperinflating banana republic Venezuela stopped reporting official inflation data, Venezuela has stopped publishing money supply data, depriving the general public of the last, and best, available tool to ascertain soaring inflation in what has become the world's worst-performing economy.

Global Stocks Rise; Euro Surges To 6 Week High After French Presidential Debate

European stocks are modestly in the green as gains in banks and oil companies offset declines in miners. Asian stocks and S&P futures rise with Emerging-market stocks extending their longest winning streak since August on the back of the 5th consecutive daily drop in the USD. The euro rose to the strongest in six weeks after a French presidential debate eased market concerns about a possible Le Pen win.

Key Events In The Coming Week

The key economic releases this week are the new home sales report on Thursday and the durable goods report on Friday. In addition, there are several scheduled speaking engagements by Fed officials this week, including a speech by Chair Yellen on Thursday.

Global Stocks, US Futures Slide Spooked By G20 Protectionist Shift; Dollar Drops For 4th Day

Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism.

Americans Will Be The Loser In The Fed's Dangerous Game Of "Chicken"

Here is the real problem with the gap between the Fed and government’s outlook versus reality: the more they push to convince markets of the economy’s strength, the more they set us up for a crisis. When Americans finally wake up and realize the Fed and U.S. government were bluffing all along, there will be no safety net to keep the economy from crashing down.

Why China Unexpectedly Hiked Rates 10 Hours After The Fed

The PBOC stressed that its interbank rate hikes simply followed the market's development, thus are not "true" policy rate hikes. Nevertheless, it also listed four classical rate-hike reasons for the interbank rate changes: the economic recovery, rising inflation (particularly that of housing), strong credit growth and Fed's rate hikes.

Global Stocks Soar To Record Highs On "Dovish" Fed, Dutch Vote

World stock indexes surged to record highs on Thursday while the dollar traded close to a one-month low after the Federal Reserve hiked U.S. interest rates but signaled no pick-up in the pace of tightening, while the Dutch elections were broadly interpreted as a drop in support for Europe's anti-establishment powers.

Here Are The Five Main Things To Watch At Today's Fed Meeting

Much is at stake in today's Fed decision, where Janet Yellen is expected to raise interest rates by another quarter point, provide guidance on the pace of future rate hikes, and share its outlook on the economy and whether it is behind the inflationary curve. Here are the main things to look for in today's FOMC decision.

JPM: "This Is The Bottom Line For Stocks"

"The bottom line for domestic equities remains the same: the SPX is only back to where it stood before Trump spoke in front of Congress on 2/28 (the index is down just ~1.5% from the 3/1 2400 high) and the larger risk remains whether the index retraces the whole “phenomenal” rally (which would move it back to 2300 or lower)."

Global Stocks Drop Ahead Of Fed Rate Decision; Dollar Rises As Sterling Tumbles

European stocks declined for first session in five ahead of Wednesday's Dutch elections and Fed rate hike announcement. Fed concerns also dragged down Asian shares and S&P futures, while the dollar rose. Crude oil has ended its six-day drop. The pound tumbled 0.8% to the lowest since mid-January in a delayed reaction after Theresa May won permission to trigger the country’s departure from the EU.