CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 10/13/22

Summary For the most part, 2022 has unfolded largely on script, with inflation proving stubborn and the Federal Reserve seeking to cut off the spigot. Despite the general monetary trend toward stiff tightening on a global basis, individual countries continue to initiate moves to s...

Summary The dollar reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two and a half years, and the New Zealand dollar is approaching the 2020 extreme. Japan, South Korea, and Taiwan re-opened after ye...

Summary China’s markets re-opened. The CSI 300 was off 2.2% and the Hang Seng dropped nearly 3%. After falling 1.2% at the end of last week, Europe’s STOXX 600 gapped lower today and is off almost 0.5%. The S&P 500 may open by the pre-weekend low, while the N...

Summary US employment data were sufficiently strong, and the unemployment rate fell back to cyclical lows of 3.5%. The dollar rose against most G10 currencies last week, helped by the gains after the employment data. The Norwegian krone was the strongest (1.7%), helped by risi...

Summary Asia-Pacific bourses followed yesterday’s US loss. Europe’s STOXX 600 has steadied after opening lower. US futures are narrowly mixed ahead of the US jobs report. The dollar is softer against the G10 currencies, but intraday momentum indicators are stretc...

Summary Many investors think frontier markets are too risky, but strategically overweighting these markets in an emerging markets debt portfolio could offer higher return potential. If we look at the historical default rates in sovereign and in frontiers specifically, we believe t...

Summary Europe’s STOXX 600 is giving up its earlier advance, and US futures are heavier. Stocks in the Asia-Pacific region advanced. The dollar is mixed, with the dollar bloc currencies, sterling and the Norwegian krone on the weaker side. G10 currencies like the eu...

Summary US equity futures are lower after the S&P 500 had its best two days since 2020. Europe’s STOXX 600, which has gained more than 5% in its three-day rally, is more around 0.9% lower in late morning turnover. The large Asia-Pacific bourses advanced, led by a ne...

Summary The large equity markets in the Asia-Pacific region rose 2.0-3.75%. Europe’s STOXX 600 gapped higher and it is up around 2.2% in late morning turnover, while US futures point to a gap-higher opening. The greenback is mixed. The dollar bloc and the Japanese yen a...

Summary Rising prices continue to confound expectations that slowing global growth will ease inflation pressures. Financial market turbulence may be here to stay for some time. The ability to rebalance negatively correlated assets helps generate income and potential return whi...