Nvidia’s stock price hit a fresh all-time high on Thursday after its blockbuster Q2 earnings call. The company reported it generated $13.51 billion in revenue last month (above expectations of $11.2 billion) and forecasted…
In a June insight, we discussed the possibility of a sustained lumber rally due in part to resilient housing market activity in the US and supply constraints in Canada, a major exporter of lumber. Since then, prices have remained…
Yesterday we highlighted that the August update of the Philly Fed’s Nonmanufacturing Business Outlook survey sent a negative signal, with the New Orders, Sales, and Employment components all deteriorating. On Wednesday, the…
Earlier this week, EUR/JPY closed at a fresh 15-year high, bringing its year-to-date gain to 14%, before losing some ground over the subsequent two days. To the extent that the recent increase in global bond yields continues to…
European natural gas prices have recently been trending higher with the Dutch TTF gaining 66% since late July. The proximate cause of the rally is supply concerns. The risk of strikes at Australian LNG plants are a threat to the…
The flash August S&P Global PMI data released on Wednesday painted a picture of softer global growth, while also hinting that Europe is on the cusp of recession. The composite PMI for the euro area fell by 1.6 versus the…
According to BCA Research’s China Investment Strategy service, although property-sector stocks in China’s onshore and offshore markets have been beaten down, they have not yet reached their bottom. The property…
Results of the Philadelphia Fed’s August Nonmanufacturing Business Outlook Survey sent a negative signal on Tuesday. The diffusion index for firms’ assessment of general business activity across the region relapsed…
Chinese authorities have recently ratcheted up support for the currency. The PBoC continues to set its daily yuan fixing at a stronger-than-expected rate, with the yuan midpoint (a reference for trading that caps the range…