The Dow falls as Boeing slides following a Fitch revises its outlook on the planemaker to negative.Dow, down 0.2%, had risen as much as 0.3% early in the session.
Citing regulatory uncertainty about the timing of the 737 MAX’s return to service, Fitch Ratings has lowered its outlook on Boeing (BA -0.6%) to Negative from Stable.
Stocks stage a modest rebound at the open following last week’s decline, as earnings reports are set to ramp up this week; Dow +0.1%, S&P +0.2%, Nasdaq +0.5%.
The day before Boris Johnson is likely named U.K. prime minister, a high-profile exit from the government is already in the cards: Chancellor of the Exchequer Philip Hammond.
Political uncertainty has made valuations very attractive in Sri Lanka.
Sri Lanka has not yet met its tourism potential.
American inventories of gasoline weaken for the fourth consecutive week, whilst cracks reach yearly highs.
South Korea's trade figures for the first 20 days in July warned of continued headwinds.The ECB meeting is the main economic event in Europe this week.
A useful guide to the temperature of the economy is how much freight is moving around it.The Cass Freight Index gives us this volume plus also pricing – the volume is declining.
Yuan depreciation pressures likely, more so if trade talks worsen and capital flight accelerates.Based on the current tariffs imposed on China, status quo would already imply a breach of 7.0.
Last week's U.S. retail sales data for June tops the list. The headline number showed a month-over-month rise of 0.4%.
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Today’s top stories: Heavy earnings week ahead; box office surge; and China’s new tech market.
We saw the pressures building in the marketplace and were fortunate enough to have placed some capital in the area of precious metals.
Every Danish government bond currently circulating in the market is trading at a negative yield.ECB QE does reduce yields on periphery bonds, which helps make the debt of countries like Portugal more affordable.
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Hurricane Barry led to the current sell-off.Inventory injections continue to edge lower.We will see more natural gas in storage going into the next peak season.
The USMCA will replace NAFTA after congressional approval.Lower U.S. rates spell higher levels for the Canadian dollar.
We review EIA's Weekly Petroleum Status Report for the week of July 12, 2019.
Crude inventories fall by 3.1M barrels while products increased significantly by 14.8M barrels.
US equity markets retreated from all-time record highs set last week. With all eyes on the Fed, investors aren’t sure whether “good news is bad news” or vice-versa.
Pakistan's central bank expects inflation to be in the range of 11%-12% in FY20, and may need to adjust the target policy rate modestly if inflation exceeds expectations.
U.S. stock index futures are ahead by 0.2% as Fed members go into their “blackout” period, with rate bettors only relying on economic data for the next 10 days before a crucial FOMC meeting at the end of the month.