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... And just like that, the gains in the major indices are erased.The Dow Industrial Average trading down 25 points or -0.07% of 33809.42. The Dow was up 141.7 points at session highsS&P index moved to a low of 4292.05. That took the index down -1.87 points. It...

On the day:Stoxx 600 -0.2%German DAX -0.3%FTSE 100 -0.5%French CAC -0.2%Italy MIB -0.3%Spain IBEX -0.3%On the week there was some strong divergence:Stoxx 600 -0.35%German DAX -0.5%FTSE 100 -0.5%French CAC -0.5%Spain IBEX +0.5%The FTSE 100 is down in 6 of the past 7...

USDJPY dailySociete Generale (SocGen) recently highlighted Japan's extraordinary nominal GDP growth in Q1, which stood at an annualized rate of 8.3%, in stark contrast to the average annualized growth of 0.3% over the last 25 years. The bank suggests that, given this...

Max Layton, Citi’s managing director for commodities is featured in a Bloomberg story today on the coming wave of copper demand. LME copper prices are at $8,300 today and he sees them 'easily' rising to $12,000-15,000 in 2025 as flat supply runs into a wave of...

You've probably seen some version of these two charts before, they highlight the insane run-up in Canadian house prices compared to their richer neighbours to the south.The spread is clear here:via @deerpointmacroIt's led to outrageous house prices and looks...

The major stock indices are higher in early US trading. The gains are led by the NASDAQ index. That index is currently trading higher for the week by 0.66%. A close in the positive territory would be the 7th consecutive weekly gain. That has not been done since...

This is the perfect chart to illustrate where US inflation is headed in the months ahead. May and June will undoubtedly see lower year-over-year readings with gasoline prices down 30% y/y. With that, headline inflation could fall to sub-3% in the June.Beyond that is...

This was a slow week as the market is probably waiting for the next week’s US CPI report and the FOMC meeting. Nevertheless, we got some interesting developments on the macro side with big misses in a couple of US tier one data points, two surprising rate hikes and...

The consensus headed into this year was that the US consumer would have deeply retrenched by now; instead, consumer spending has been the bedrock of a solid 2023 so far.Citigroup economists see storms on the horizon. with household available cashflow shrinking rapidly...

Changes in capacity utilization for various industriesPrior 81.7%Canadian industries operated at 81.9% of their production capacity in the first quarter of 2023, a minor increase from 81.8% in the fourth quarter of 2022.The capacity utilization rate in the...

Prior was 41.4KUnemployment rate 5.2% vs 5.1% expected (5.0% prior)Participation rate 65.5% vs 65.6% priorFull time -32.7K vs -6.2K priorPart time +15.5K vs +47.6K priorAverage hourly wages for permanent employees +5.1% y/y vs +5.2% priorTotal hours worked -0.4% m/m,...