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Compounding commodity market concerns, the Financial Times reports this morning that “Chinese data over the weekend showed exports fell far more than expected in the first two months of the year as the coronavirus outbreak disrupted global supply chains, damped business activity and blocked transport across the world’s second-largest economy.” COMEX copper prices fell below...

Overseas, we’ll get industrial production numbers from Germany, Italy, France, Great Britain, and the Euro zone, along with inflation data from China, Japan, and some of the major European economies. Investors will also be paying close attention to the latest monetary policy statement from the European Central Bank and the UK’s budget plan. The Financial...

The Committee is closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy.”  Prior to the Fed’s largely unexpected half-point rate cut on Tuesday, the week’s major scheduled economic announcement was going to be the U.S. jobs report, which actually came in...

The trade outlook improved considerably with the coming passage of the United States-Mexico-Canada Agreement (USMCA) and phase one of the U.S.-China trade deal early in the year, along with China’s expected reclassification of certain scrap metal grades from waste to raw materials. U.S. monetary policy was more accommodative late in 2019 and became even more...

Diesel fuel prices in California remained the highest in the nation at $3.728/gallon and were lowest in the Gulf Coast at $2.627 per gallon. Diesel fuel prices in the Midwest have had the sharpest drop since last year, declining nearly 29 cents per gallon.