DAX falls after Daimler bad news

DAX falls after Daimler bad news

According to Reuters, luxury carmaker Daimler cut its profit forecast for the fourth time in 13 months on Friday, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags. The German automaker is among a raft of blue-chip firms to issue a profit warning...
Will we see rate cut from fed?

Will we see rate cut from fed?

According to Bloomberg, Lurking beyond traders’ apparently unwavering confidence that the Federal Reserve will cut interest rates this month is a more nebulous outlook about what the central bank will do after that. Traders are still pricing a full quarter-point reduction in July, yet they have slowly scaled back views on how much easing will...
New York Fed Recession Model hit (Jun 2020) almost 33 percent

New York Fed Recession Model hit (Jun 2020) almost 33 percent

According to Mike Shedlock from MishTalk, the New York Fed has the odds of a recession within the next year near 33 percent. Some of the other models are humorous. Anyone who "can't see the recesion" coming to the U.S. isn't looking at this key indicator, according to Davin Rosenberg, Gluskin Sheff & Associates Inc.'s...
Nasdaqs tests the bottom of Rising Wedge

Nasdaqs tests the bottom of Rising Wedge

According to marketwatch, Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth amid a tariff war with Beijing. But Friday’s stronger-than-expected...
Price gap after OPEC deal is over...

Price gap after OPEC deal is over...

According to zerohedge, as OPEC proudly announces it is extenging its production cuts into 2020 (while desperately talking down US shale production), in a last -ditch attempt to support prices, the slew of dismal manufacturing data in the last day has sparked selling in oil. Tamas Varga, an analyst at brokerage PVM oil Associates Ltd....