The CBOE Volatility Index (VXX), which is a measure of market volatility, remained subdued last week.
The VanEck Vectors Morningstar Wide Moat ETF (MOAT) tracks the price and yield performance of the Morningstar Wide Moat Focus Index.
Carnival is among the most profitable and financially strong leisure travel companies in the world. It provides leisure travel to all major cruise destinations across the globe.
The tone of Yellen’s responses before the committee confirmed that the Fed is set to stay its course on monetary tightening, leading to policy normalization.
In any economy, the cost of fuel plays an important part in retail sales (XRT) and inflation (TIP).
The Redbook Index averaged 2.4% growth in June as compared to monthly growth of 1.8% in May.
In this series, we’ll explore the trends in consumer spending in recent months and try to shed some light on the retail sales data that will be released on July 14.
The EUR-USD (FXE) pair closed at a 0.21% fall against the US dollar (UUP) last week. Solid US jobs data on July 7, 2017.
The US Dollar Index (UUP) closed at 95.79 with a rise of 0.39% last week. This rise was a welcome relief for the dollar.
The S&P 500 Index (SPY) closed last week at 2,425.18, posting a rise of 0.07% in the holiday-shortened week. The S&P 500 witnessed some selling pressure on July 6, 2017.
Global markets (VTI) remained range-bound for most of last week, which was shortened by the July 4th holiday in the United States.
There are several important economic indicators to watch for this week, especially the following.
The UK’s manufacturing PMI recorded a weaker improvement in June 2017. It stood at 54.3 in June compared to 56.3 in May.
According to a report by Markit Economics, the final Eurozone manufacturing PMI (purchasing managers’ index) stood at 57.4 in June 2017 compared to 57.0 in May.
In this series, we’ll take a look at the final manufacturing PMIs for the major developed countries in June 2017.
The Japan Services PMI (EWJ) (DXJ) stood at 53.3 in June 2017 compared to 53.0 in May 2017. It met the market expectation of 53.2.
The final UK Services PMI stood at 53.4 in June 2017 compared to 53.8 in May. The figure didn’t meet the market expectation of 53.5.
The final Markit France Services PMI stood at 56.9 in June 2017 compared to 57.2 in May 2017. That beat the initial estimate of 55.3.
FOMC members after the latest policy statement have remained biased toward further rate hikes, but markets have questioned the Fed’s hawkishness.
The Japanese yen has depreciated against the US dollar by 0.98%, and the dollar-yen pair closed at 112.38 for the week ended June 30.