China Services PMI Loses Momentum as Deflation Risks Persist
RatingDog services PMI eased to 52.0, with weaker exports, falling prices, and continued job cuts.
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P&L Staff
US Strike on Venezuela Reignites Oil and Risk Premiums
After a 2025 dollar-driven ex-US equity surge, traders stress-test rates and risk around Venezuela and jobs.
Thin Liquidity Starts 2026 With Metals Leading
Holiday-thinned markets open 2026 modestly higher as gold leads, while mortgage rates ease amid Fed credibility risks.
Mortgage Rates Dip to 2025 Low, Affordability Still Stretched
Freddie Mac put 30-year fixed rates at 6.15%, but Zillow says affordability needs a near-2% reset.