Emerging markets “emerging” as focus of worry over trade, strong dollar, credit crunch
If you can't tell from the cascade of negative commentary, you certainly should be able to tell from trend in share prices: emerging markets have become the focus of current worries about global trade, the effects of a strong dollar, and the potential for a credit...Market takes profits today with risky weekend approaching
The major indexes don't tell the story today. As of 3:30 p.m. in New York the Standard & Poor's 500 was off 0.15% and the Dow Jones Industrial Average was ahead 0.3%. The real damage, though, was those stocks that had led the market up in the earlier part of the...Today the market is cutting risk ahead of possible G7 turmoil
Yesterday the story was that the market rallied on belief/hope that the leaders of the Group of 7 economies due to meet on Friday and Saturday of this week would not allow trade tensions to escalate into a full born trade war. Today it looks like investors and traders...Trade deficit falls for April–not enough to take the heat out of increasingly hot tariff wars
The U.S. trade deficit narrowed more than expected in April. The deficit fell to $46.2 billion. Economists surveyed by Briefing.com had expected $48.8 billion. The March deficit was revised to $47.2 billion from an earlier report of $49 billion. The trade deficit with...Apple’s Worldwide Developers Conference focuses on catching up and differentiation
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Italy’s new prime minister speaks and bond yields cllimb
If you needed a reminder of why Italy's (and the euro's) crisis hasn't gone away but is merely resting, then today's speech by new Italian Prime Minister Giuseppe Conte should do the trick. Conte, the choice of the 5 Star Movement/League coalition to head the new...Nektar’s 40% drop yesterday was an extreme over-reaction: What I’m doing now
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...U.S. asks OPEC to increase oil production, Brent slides lower
Global crude fell today after reports that the the U.S. government has asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day. That has sent the international benchmark Brent crude down 0.41% as of 1 p.m.New York...Notes You Need for June 4: Maple Syrup, gas prices, housing affordability, airline profits
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. This item from today is a representative sample: “11:40 a.m.: Global airline profits this year are projected to slide from the record reached in 2017, according to the International Air Transport Association, as a result of higher fuel and labor costs. Net income for 2018 is likely to total $33.8 billion, 12% lower than a December forecast for $38.4 billion from the group. The new forecast compares with an all-time high of $38 billion in airline profits in 2017.”
Today markets don’t care about trade or tariffs–but what about if the G7 meeting explodes this Friday?
The Group of 7–Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States–is scheduled to meet on Friday, June 8, and Saturday June 9 to discuss, in theory, global economic growth. In reality, the group will discuss trade, U.S. tariffs, and U.S President Donald Trump’s trade policies.
Oil price decline resumes after informal OPEC meeting Saturday
Oil prices continued their decline ahead of a June 22 meeting of OPEC and other producers that will discuss raising production to avoid political action in consuming countries to lower oil prices. As of 1:15 p.m. in New York, U.S. benchmark West Texas Intermediate was down 1.55% to $64.79 a barrel