The World Is Watching China’s Consumers

By Andrew Capon China has entered the Year of the Earth Pig. Astrology experts prophesize that those born this year will be good-natured, calm and lucky. Recent economic data suggests that these resilient characteristics will prove useful. The official GDP report issued on January 21 was far from auspicious. Q4 2018 GDP growth (6.4 percent)…

Poor EMU PMI Compounds ECB’s Challenge

Overview: The eurozone’s preliminary composite PMI for January fell to its lowest level since July 2013. It reinforces expectations for a dovish Draghi press conference and saw the euro unwind yesterday’s gains. The US dollar is firmer against all the major currencies. Asian stocks gained, and the MSCI Asia Pacific Index snapped a two-day fall…

The Dollar Drift

By Stephen Innes Capital markets continue to digest various narratives getting pushed in many directions, but continue to position on a very short horizon given absolute uncertainties, while US equity markets continue to print fresh record highs to start the week, this despite US 10-year yields firming several pips higher overnight. S&P 500 breaking 2900…