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Market Update - June 9, 2021
G-7, China and BoCAs his first visit since taking office, Biden flew St. Ives, Cornwall, in the UK for the G-7 summit. Epidemic problems and access to vaccines for lower-income counties will be at the center of negotiations. Before the summit starts,...
BoC Preview, June 9
Can CAD dive under 1.20After last week's Canadian weaker than estimates labor markets' data, Canadian markets must be careful about BoC's June 9 meeting this week. Since data on Friday was disappointing, we do not expect the Bank of Canada to vote fo...
G7 and market reaction!
How news Tax reform effect NASDAQG7 members agreed on a minimum of 15% global corporate tax. On the other hand, the new administration in the white house is planning to raise the current 21% tax to 28%. And it will be much crucial while some insiders...
Weekly Outlook, 7-11 June
ECB meeting and CPI in the US and EuropeَAfter the second month of missing the employment expectations in the United States, now eyes will turn to CPI data in the US and ECB meeting in Europe. The market still is worried about inflation fate; however...
Non Farm Payroll and Market reaction
NFP missed the expectationsWhile None Farm Payroll again missed the expectation on 559K, less than 650K estimates, April upward revision also was minor than getting the attention, only 12K from 266,000 to 278,000. According to a Labor Department repo...
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