Featured Market Snapshot
Supply, demand and price
The world’s crude-oil supply continues to grow, despite OPEC’s moves to control it; Venezuela’s “hunger bonds” problem; U.S. employers hang on to their most important non-renewing resource
A solid jobs report for July, but what will the Fed do in September? US auto sales – victims of their own success; Germany’s infrastructure badly needs some TLC.
The Fed’s shift was subtle yet unmistakable – inflation is stubbornly low; U.S. earnings season could be cause for cheer; China speaks of “grey rhinos”; crude oil prices get pulled into the Venezuela crisis.
Pride notwithstanding, the falling dollar can be good news; Draghi edges ever closer to a taper; EU's Brexit hardliners show their mettle
Fixed-income markets finally looked to believe the world's major central banks about normalization; crude-oil markets searched for a steady price; U.S. jobs told a tale of two trends.
Consumers stayed cool to price rises, just as Fed Chair Janet Yellen was reconsidering her bullish stance on inflation; OPEC showed signs of fatigue by nudging its own goalposts
A flock of central bankers sing the same tune; U.S. consumers keep their powder dry; France and the U.S. switch places on drilling
The UK went to Europe with a newly humble brief; US home buyers emerged in force to confront insufficient demand; The Fed's hawks are still on the wing
The Fed hiked its target rate, but its inflation bogey remains elusive; crude oil fell further on bulging inventories; Greece got a lifeline; formal Brexit negotiations finally begin.
Qatar's sudden exile was years in the making; Theresa May erodes her own base; US consumers leverage up; Spain's banks pass a test.
The June 8 general election could strengthen – or weaken – Theresa May's hand in managing Brexit; U.S. employment was mixed to solid last month; France's Macron has a firm grip on the country's agenda; Venezuela gets a discounted rescue
With plentiful oil stocks still holding down prices, OPEC, Russia and a coalition of smaller producers agreed to extend production limits for another 9 months; world trade volume jumped higher; markets shrugged at Moody’s China’s debt downgrade.
Bribery allegations engulfed Brazil President Temer, mirroring the scandal that toppled his predecessor; European exports surged, while Japan extended its GDP winning streak to a fifth quarter; U.S. manufacturing popped higher.
Mexico is playing the China card as the US seeks better terms; OPEC cries "uncle" to U.S. shale; more politics ahead for France; growth resumes for the U.S.
Looking past the quarter:
The Fed looked past a tepid Q1; April's jobs report was solid, not spectacular; Macron and Le Pen crossed swords before Sunday's election; oil and iron took a beating
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