Inventories contributed 0.6 percentage point to growth, double the preliminary estimate, while personal consumption managed to eke out growth of 0.1%, versus a prior flat reading. The inventory gain is an indication of greater output, but also points to unsold goods and components, a potential sign of weak demand. Business spending gained 1.1%, a little […]
“If the UK meeting continues to signal optimism, it could weaken the negative economic impact of the trade war,” said Gao Mingyu, Beijing-based chief energy analyst at SDIC Essence Futures Co. “After the short-term bearish impact of OPEC+’s July ouptut hike was digested, improving macro sentiment, stronger seasonal demand, and lingering geopolitical risks have all […]
If any credit weakness were to hit, it would likely start with smaller companies, and in leveraged finance or even private credit, said Matthew Mish, UBS’ head of credit strategy. A close look does show some signs of weakness, at least in the smaller firms. Corporate profits for domestic, non-financial companies declined by about 3% […]
Appearances in the wake of that meeting, at which policymakers cut rates for an eighth time, include speeches by the central bank governors of Spain, France, Austria and Finland, along with ECB Vice President Luis de Guindos, chief economist Philip Lane, and Executive Board member Isabel Schnabel.
“But we do see that also the more persistent components are coming down,” she said. “And of course, yes, some of the numbers are still not where they should be. So wage growth is of course, at the, at the moment still too high service inflation still relatively high. Domestic generally is relatively high, but, […]
Traders are, however, still obsessed with macroeconomic data. Over the past three months, the S&P 500’s average realized volatility on days when the CPI report, the government’s monthly jobs data and Fed rate decisions are released has been nearly 42%, compared with a reading of 29% on all other sessions, according to data complied by […]
“If the tariffs can be revised, we have absolutely no intention of waiting” until the G-7 summit, Akazawa said. “We are negotiating with the aim to stop the impact on the Japanese economy as soon as possible, whether it’s by a day or by hours or even a second.”
“We’re seeing a lot of cowardice on the part of corporate America right now. A lot of people, who two years ago couldn’t wait to slap a rainbow on their logo, are no longer writing checks,” Jennings said. “I think Lambda turned to the community and the community responded. And sadly, corporate America, which a […]
“While Greenpeace would argue the oilsands’ greenwashing was always illegal, the new rules make it abundantly clear that the Pathways Alliance’s net zero claims do not pass the sniff test, which is likely why the companies so abruptly deleted them and their social media history,” said Keith Stewart, senior energy strategist with Greenpeace Canada.
Brent traded around $65 a barrel and was on track for its first weekly gain since mid-May, while West Texas Intermediate was near $63. President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to further trade talks aimed at resolving disputes over tariffs and supplies of rare earth minerals.