CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 11/08/22

Summary Equity markets are mostly firmer, but nearly all the large markets, except China/Hong Kong, are rising in the Asia-Pacific region. Europe’s STOXX 600 is posting small gains, the third session in a row. US futures are firm. The dollar has come back better bid tod...

Summary Asia-Pacific equities rallied, led by Hong Kong and mainland stocks that trade in Hong Kong. US futures are firm. Europe’s STOXX 600 opened lower but recovered, and is around 0.5% higher after the 1.8% gain before the weekend. The dollar is mixed. The dollar blo...

Summary The US Dollar is still the most important global currency,. The movement away from the USD is accelerating. The consequences for investors of progressive de-dollarization should not be undervalued. This article examines the process of de-dollarization. Even t...

Summary Many expect the Fed to signal it will return to a 50 bp move next month, but we are not convinced that it will go beyond indicating that 50 bp or 75 bp will be debated in December, depending on the data. Equities in Asia-Pacific and Europe rose. US futures are slightly fir...

Summary The global economy has been hit by several headwinds, almost all of them leading back to higher inflation. Europe is likely already in recession, the U.S. will enter recession in Q2 2023, while China struggles to make recovery headway. Markets have faced up to the reality ...

Summary Barclays Aggregate is down almost as much as the S&P 500 YTD. As of 10/31/22, the YTD return on high yield is far better than the return on corporate high-grade. There is relative value being created in the various bond market asset classes. Looking at th...

Summary Europe’s STOXX 600 recovered yesterday and is up another 1.1% today, the sixth gain in the past seven sessions. Hang Seng surged 5.2%, while all the large markets in the region advanced. US futures are broadly higher, while the dollar is broadly lower. Among...

Summary Sterling and the yen are the weakest performers among the G10 currencies and are off 0.45-0.50%. The Antipodeans are performing best and are straddling little-changed levels. EM currencies are lower, led by the South African rand, the Russian rouble, and the Chinese yu...

Summary With higher inflation and an unchanged BOJ stance, the yen leads the G10 currencies lower today with a nearly 1% drop. The dollar is mostly higher. The euro is a little softer around $0.9950. Outside of a couple of Asian currencies, emerging market currencies are heavy...

Summary The greenback is trading with a firmer bias against the G10 currencies. EM currencies are more mixed, with several Asian currencies leading the advance (South Korea, Taiwan, and the Philippines). Central European currencies are posting 0.6-0.8% losses, as is the Chinese yu...