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Wall Street Week Ahead: Doubts increase that first quarter will be earnings low point

NEW YORK (Reuters) – As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. In the immediate term, markets could be roiled depending on what or if any information is released from Special Counsel Robert Mueller’s…
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Dollar weaker on dovish Fed bets, sterling seesaws

The dollar was under pressure on Tuesday, weighed by growing expectations the Federal Reserve would shift to a more accommodative policy stance this week and concerns about slower U.S. economic growth. The dollar index, which measures the greenback against a basket of six major currencies, was a shade lower at 96.495, hovering close to a…
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Thought of the week

2019 earnings estimates have fallen by -3.0% since the beginning of the year, roughly twice as much as the -1.5% decline seen on average during similar time periods throughout this expansion. This has been particularly harmful to 1Q19 earnings estimates, which have come under pressure and are now suggesting that the first quarter will see…
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China says working with U.S. day and night to get trade deal

BEIJING (Reuters) – China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the hopes of the world, including eliminating tit-for-tat tariffs, a senior Chinese official said on Saturday. Chinese Vice Commerce Minister Wang Shouwen said he was optimistic about negotiations…
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Thought of the week

After a long wait, the shutdown-delayed 4Q GDP was reported last week. It showed the U.S. economy grew 2.6%, which beat expectations but signalled a slowdown from the previous quarter. Over 2018 as a whole, the economy grew at a solid 2.9% rate, up from 2017’s 2.2% pace. This week’s chart highlights what contributed to…
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Trump Complains About Stronger Dollar

President Donald Trump renewed criticism of the Federal Reserve and said the U.S. central bank’s tight monetary policy was contributing to a strong dollar and hurting the United States’ competitiveness. “We have a gentleman that likes a very strong dollar at the Fed,” Trump said at the annual Conservative Political Action Conference in Oxon Hill, Maryland, on…
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U.S.-China Nearing Trade Deal, Futures Point to Higher Open

With little data on the economic calendar, markets will likely focus more heavily on trade-related headlines following reports the U.S. and China were close to striking a deal to end a bitter year-long trade dispute. U.S. President Donald Trump and Chinese President Xi Jinping could seal a formal trade deal at a summit around March 27, given…
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Thought of the week / 5th March

After a long wait, the shutdown-delayed 4Q GDP was reported last week. It showed the U.S. economy grew 2.6%, which beat expectations but signalled a slowdown from the previous quarter. Over 2018 as a whole, the economy grew at a solid 2.9% rate, up from 2017’s 2.2% pace. This week’s chart highlights what contributed to…
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Oil Prices Decline Despite Positive U.S.-China Trade News

Oil price fell on Monday in Asia even after the U.S. and China moved closer to a potential trade deal. On Sunday, U.S. President Donald Trump announced on Twitter that he is delaying a hike in tariffs on Chinese goods, citing progress in the latest trade talks between the two sides. The President added that…
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Thought of the week

Last week, preliminary manufacturing PMI data releases in the U.S., Europe and Japan indicated slowing developed market growth. The U.S. held up well at 53.7 (above 50=expansionary, below 50=contractionary), as seen in this week’s chart. Europe’s manufacturing reading, on the other hand, entered contractionary territory for the first time since 2013 at 49.2. Germany was…
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