While the volatility follows a spate
of weak economic data, it also reflects a broader uncertainty in the market.
Not exact matches
Weaker - than - expected US
economic data has also contributed to dollar depreciation, especially when compared to Europe and parts
of emerging markets, says Morgan Stanley.
Wall Street stock futures are lower this morning over renewed fears for the global economy after some
weak Japanese
economic data and some routine gloom from the Bank
of England, which is worried, among other things, by the potential impact
of the U.K.'s vote on whether to leave the E.U..
We expect the Fed to raise rates just once this year — likely in December — and to proceed cautiously given the unevenness
of the domestic
economic recovery, as highlighted by
weak retail sales
data released last week, and global growth uncertainties.
Liz Claman, host
of Fox Business News, welcomes Frank Holmes to the program, along with Jonathan Corpina
of Meridian Equity Partners, to discuss how well the markets are doing despite geopolitical tensions and
weaker economic data.
Emerging market currencies have been hit by a sell - off in the first week
of trading this year after
weak economic data in China rekindled worries over global growth and halted trading on Chinese equity markets on two days.
These fluctuations were large relative to actual
economic and policy surprises, as the only notable negative piece
of news that day was the release
of somewhat
weaker than expected retail sales
data for the United States one hour before the event.
Gold climbed on Friday, ensuring a monthly gain
of more than 1 %, as
data showing
weak U.S.
economic growth weighed on the dollar.
Despite this, many observers expected tapering to start in September 2013, and the fact it didn't was blamed on
weak economic data and the fear
of growth being slowed by the oncoming government shutdown and debt ceiling discussion.
Bill Hester notes that going back as far as Depression era
data, that same behavior coupled with a rich Shiller P / E (anything above the mid-teens) and a preponderance
of daily declines in recent
data (say down 11 days out
of 14) has preceded even worse outcomes - particularly in the context
of a
weak economic backdrop.
After falling quite sharply in May — owing largely to
weaker - than - expected US
economic data and comments by US administration officials which were perceived by the market as a softening
of the «strong dollar» stance
of the US — the US dollar stabilised in early June before appreciating towards the end
of the period.
As for U.S.
data, the broad aggregate continues to come in
weaker than expected, with a recent downturn in a broad basket
of national and regional
economic surveys, and
of course, a disappointing April unemployment report (avoiding a negative print, however, which I suspect will come in the May report).
Brent crude oil rose toward $ 50 a barrel on Wednesday as a drawdown in U.S. crude oil stocks outweighed the negative impact
of weak economic manufacturing
data from China.
Weaker eurozone
economic data, combined with the not - as - dovish interpretation
of the FOMC [US Federal Open Market Committee] statement mean the dollar could continue to remain «bid» (there are more buyers than sellers) in the very short term.»
However, the sudden surge
of US production in fall last year was, in part, due to prices remaining elevated but also the industry's reliance on massaged
economic data that showed a stronger US economy on the surface, but
weaker underlying activity.
The Dollar began the day
weak, but turned around following the release
of mixed
economic data.
Even though commodity prices remain
weak, the currency has been propelled by strong Canadian
economic data and the realization that the Bank
of Canada was serious about hiking rates.
From the article:... U.S. crude oil fell on Friday, on track for its fourth daily decline on continued concerns about ample supply at a time
of weak global
economic data and fragile demand.
«
Weak economic data and growing international tensions are driving investors out
of riskier sectors and into Treasury securities.