Hurricane Ida Exposes Grid Weaknesses as New Orleans Goes Dark A new natural gas power plant, meant to power the city in an emergency, did not come to the rescue when the storm disabled eight transmission lines.Children sheltering at a hotel in New Orleans after the city lost power on Sunday.
Some members of US Congress want Fed Chair Powell sacked This from three members of the US Congress, who seem confused about the remit of a central bank: Via a Politico report: Sounds great! I wonder should the Chair print more or less to hit these three added objectives though?
New Zealand business confidence ＆ activity data due today - preview Coming up on Tuesday 31 August 2021 at 0100, GMT New Zealand ANZ business survey for August What to look for via Westpac, noting that some responses to the survey will have been received prior to the reimposition of lockdown on August 17:
Monday assorted links 1. Consumers believe products work better for others. 2. Music sentiments and stock returns (speculative, though in a good journal). 3. My Bloomberg column on Larry Elder.
Scam Callers Still Dialing for Dollars A new technology designed to stem robocallers might not do much to cut down on volume.
WTI US Crude Oil Outlook: OPEC+ Overshadows Hurricane IDA as Oil Prices Stall US Crude Oil prices stall below $70.00 despite Hurricane IDA threatening supply, OPEC+ expected to meet on Wednesday.
Trade ideas thread - Tuesday 31 August 2021 Good morning, afternoon and evening all. Welcome to the last day of August! Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
Its official - Pentagon announces completion of U.S. withdrawal from Afghanistan US military officials confirm the last US plane has left Kabul, bringing a close to its 20 year war in the country.
ECB's Holzmann says expects inflation to fall this year and the next ECB Governing Council member Robert Holzmann remarks:
Here is what’s on the economic calendar in Asia today - China's official PMIs for August China's NBS PMIs are the focus, and plenty more on the data agenda also. 2245 GMT New Zealand Building Permits for July 2330 GMT Australia weekly consumer confidence
ForexLive Americas FX news wrap: US pending home sales disappoint Forex news for New York trade on August 30, 2021: Markets: - S&P 500 up 21 points to 4526 - US 10-year yields down 3.4 bps to 1.278% - Gold down $6 to $1810
S＆P and NASDAQ close higher and at record levels. Dow down. 53rd record close level for the S&P in 2021 Highlights include:
USD/MXN Slides on Lower US Treasury Yields, Market Focus Turns to NFP Data USD/MXN extends Friday's decline and falls moderately on Monday as U.S. Treasury yields lose further ground following Powell's dovish remarks at Jackson Hole.
Double trouble: US 10-year yields stuck in a range Powell put a lid on Treasury yields What happens when you have a market with a double-bottom on the downside and a double-top on the upside? We're about to find out.
Stocks soften a bit into the close Dow stocks lag The US stocks are softening a bit into the close. The Dow is the laggard with a decline of about -0.12%. The declines in the Dow are led by:
USD/JPY Rate Defends Defined Range Ahead of US NFP Report USD/JPY may face range bound conditions ahead of the US Non-Farm Payrolls (NFP) report amid the lack of momentum to hold above the 50-Day SMA (110.12).
Don’t shoot the messenger — on the value of human life Thus, to analysts, picking one such meta-analysis may feel as hard as picking a single “best study.” This paper responds by taking the meta-analysis another step, estimating a meta-analysis (or mixture distribution) of six meta-analyses.
Fed's Mester: Thinks growth will remain strong but big risk is delta Comments from Mester: This is nothing new from Mester, who had similar comments late last week.
Support.com Stock Nearly Triples in a Week, in a Squeeze Play Retail traders have helped pushed the technical-support company’s stock up 1,300% in 2021.
Market Talk – August 30, 2021 ASIA: China is maintaining “normal communication” with the United States on trade, the Chinese government said on Thursday. Washington and Beijing signed a so-called Phase 1 trade deal in January 2020, before the widespread outbreak of COVID-19.
How Mixing Hurricanes With Low Rates Impacts Insurers Reinsurers may be limited in how much they can use pricing to protect themselves from losses because of the ample supply of yield-seeking alternative capital.
Canadian mobility trends are back to pre-pandemic levels The US hasn't fully recovered National Bank today highlights how sharply Canadian mobility in the retail and recreational sectors have recovered since lockdowns were lifted in Q2.