This is how the US and China trade meetings went down – Nomura

Analysts at Nomura explained that a series of meetings between trade delegations from the US and China showed no material change in the current tenor of US-China trade relations as both sides stake out positions unlikely to be accepted by the other. Key Quotes: "We find it more likel ...

Aussie budget coming up this week – Westpac

For the Aussie, analysts at Westpac explained that all eyes shift to next Tuesday’s Federal Budget.  Key Quotes: "Often key initiatives are floated ahead of the event, but in this instance little information is available." "We know that strength in commodity prices an ...

Australia AiG Performance of Construction Index dipped from previous 57.2 to 55.4 in April

China may lower some tariffs on some food/drugs – China Press

The Economic Information Daily, an affiliate of the Xinhua China News Agency, is reporting from unnamed sources that China may be lowering tariffs on key food, drug, and medical tariffs. No further details are given about the suggested cut, and the two-day meeting between the US and China ende ...

AUD/USD kicks off the new week looking to extend a bullish correction

Partial holiday in Australia with Western Aus off for Labour Day; expect thinned out participation. Little on the docket for Australia puts extra focus on China trade figures dropping early Tuesday. The AUD/USD pair starts another week near 0.7340, and Monday is going to shape up into a quie ...

Fed speak to emphasize the symmetric 2% inflation target – Nomura

Analysts at Nomura noted the number of Fed speakers for the week ahead. Key Quotes: "Chair Powell will deliver remarks next week in Zurich on “monetary policy influences on global financial conditions and international capital flows” (3:15am EDT)." "Elsewhere during th ...

NZD/USD: in consolidation in slow start Asia, bearish bias to 0.6880

NZD/USD: more downside to come on the back of the dollar's resurgence. NZD/USD: eyes are set on the 0.6880 support level or 0.7040 to the upside.  NZD/USD is starting out the week in a quiet market with the Aussies out for Labour day. Currently, NZD/USD is trading at 0.7018 with ...

The week ahead: eyes on US CPI – Nomura

Analysts at Nomura offered their outlook for the week ahead. Key Quotes: United States | Data preview We expect a 0.2% (0.169%) m-o-m increase in core CPI in April, which translates to a 2.2% (2.193%) y-o-y increase, up from 2.1% in the prior month. Consumer credit (Monday): Consumer credit likel ...

Global market snapshot: equities and dollar rise – ANZ

Analysts at ANZ explained that equities rose and USD continued its upward trend, with US economic outperformance in focus.  Key Quotes: "The unemployment rate dipped to 3.9% from 4.1%, which drew the attention of markets, despite slightly weaker-than-expected employment growth and a di ...

Israel stocks higher at close of trade; TA 35 up 0.49%

Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Oil&Gas, Technology and Communication sectors led shares higher. At the close in Tel Aviv, the TA 35 added 0.49%. The best performers of the session on the TA 35 were Ormat Technologies (TA:ORA), which rose ...

Bitcoin Pulls Back From 1-Month Highs, Holding Above $9,500

Investing.com - Digital currency bitcoin turned lower on Sunday, pulling back from the previous day’s one month highs, but remained supported above the $9,500 level. Bitcoin was trading at $9,592.00 by 09:26 AM ET (13:26 GMT) on the Bitfinex exchange, down around 3.84% for the day. The ...

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.08%

Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Petrochemicals, Cement and Telecoms&IT sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share gained 0.08%. The best performers of the session on the Tadawul All Share were Saudi ...

Crude Oil Prices – Weekly Outlook: May 7 – 11

Investing.com - The showdown between President Donald Trump and Iran will likely continue to be the main driver of sentiment in the oil market this week, after prices reached their loftiest levels in more than three years. President Trump has until May 12 to decide whether to pull the United State ...

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