US equities stumble lower ahead of non-farm payrolls The ninth vote is underway for the Speaker of the House Preview: December non-farm payrolls by the numbers Bullard: Prospects of a US soft landing have increased Pioneer Natural Resources CEO: “There’s no extra supply in the next 5-7 years” More from.
What would a new year be without 10 new surprises from Blackstone’s Byron Wien, who now makes the list with chief investment strategist Joe Zidle? I’ve covered this one for more than a decade and it always makes for interesting discussions. To start, here is his list for last year,.
Headlines: Light changes in European morning trade so far Eurozone November PPI -0.9% vs -0.9% m/m expected Germany December construction PMI 41.7 vs 41.5 prior Germany November trade balance €10.8 billion vs €7.5 billion expected UK December final services PMI 49.9 vs 50.0 prelim Britain saw its hottest year on.
Headlines: Dollar runs back the other way after hot start to the new year France December preliminary CPI +5.9% vs +6.4% y/y expected Germany November import price index -4.5% vs -1.6% m/m expected Eurozone December final services PMI 49.8 vs 49.1 prelim Switzerland December CPI +2.8% vs +2.9% y/y expected.
China’s yuan not far from a 4 month high – policy support, COVID recovery, seasonal demand China to pause costly chip investments as Covid strains budget PBOC Guangzhou branch reportedly guides banks to provide offshore financing to developers ICYMI – China’s Finance Minister reiterated plans to appropriately expand fiscal spending.
Headlines: Not quite the 2022 theme this one Bavaria December CPI +9.2% vs +10.9% y/y prior Saxony December CPI +8.7% vs +9.9% y/y prior Germany December unemployment change -13k vs 15k expected UK December final manufacturing PMI 45.3 vs 44.7 prelim Switzerland December manufacturing PMI 54.1 vs 53.3 expected SNB.
US major indices close lower on the day US to require all travelers from China to show negative COVID tests WTI crude oil settles at $78.96 U.S. Treasury auctions off $43 billion of a 5 year note that a high yield of 3.973% European indices close mostly lower. UK’s FTSE.
US stocks close near the highs for the day WTI crude oil settles at $79.56 US House passes $1.7 trillion spending bill Atlanta Fed Q4 GDPNow tracker rises to +3.7% from +2.7% Dallas Fed trimmed mean PCE price index +3.4% vs +3.9% prior Major European indices close the day with.
With the day moving toward a close, the stocks are moving off their high levels. The NASDAQ index is now negative on the day. US yields remain higher and near their highest levels. The two year yield is up 6.3 bps at 4.327%. The 10 year yield is at 3.751%,.
Headlines: USD/JPY consolidates after the Tuesday plunge, what’s next? Japan finance minister Suzuki says sees no change to existing BOJ monetary policy China estimates nearly 18% of population contracted Covid in first 20 days of December Spain Q3 final GDP +0.1% vs +0.2% q/q prelim North Korea reportedly fires ballistic.
S&P and Nasdaq give back gains from yesterday WTI crude oil futures settle at $77.49 Baker Hughes US oil rig count +2 US sells 5-year TIPS at 1.504% European equity close: Sellers back in control Putin will sign a decree on the response to the oil price cap on Monday.
Sadly, Guggenheim Partners announced the death of 63-year-old CIO Scott Minerd. The company said he died yesterday from a heart attack during his regular workout. He was very active in financial media, including just last week when he was on Bloomberg TV and warned bitcoin would fall to $8000 and.