Thursday, September 3, 2020

Americas Wrap


Here is what's on the economic calendar in Asia today - Friday 4 September 2020

If ya'll done finished trashing stocks? OK then. The big event is coming up during the US morning on Friday, nonfarm payrolls. But, ahead in Asia: 2245 GMT New Zealand Q2 building works q/q (expected -30%, shutdown impacts obviously vs. Q1 was -5.7)... Read full article


China will further cut holdings of US bonds - Global Times 'experts'

Chinese press says selling is coming State-sanctioned Global Times -- citing economists -- says China will cuts its holdings of US bonds from the current level of above $1 trillion to about $800 billion on worries about US crackdowns and a ballooning US deficit.... Read full article


US plans to bring anti-trust case against Google as soon as this month - report

New York Times report With the Nasdaq down 6% at the moment, the last thing it needs is an antitrust case but this has been in the works for a long time. The NYT the antitrust case could come as soon as this month despite lawyers working on the case asking for more time.... Read full article


Dow falls 1000 points on the day

The Dow is the good news in the US equity market today That's the good news, the NASDAQ index is currently down 5.52% while the S&P index is down just over 4%. The Dow at its lows fell -3.52%.... Read full article


Fed's Evans says he would be comfortable with 2.5% inflation in new framework

That's higher than Kaplan Kaplan last week said he would be comfortable in the 2.25-2.50% range, so this is a slightly higher level. In reality, this will never really be put to the test because there are so many measures of headline and core inflation that you can move the goalposts or lengthen the timeline to... Read full article

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