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Gold is flirting with $2,000. China and Russia's relationship is on two tracks. The economic noose on Russia continues to tighten. For further details see: Markets Continue To Be Roiled
Almost every commodity rose in prices last week, as did the dollar. Those two factors - rising dollar and rising commodity prices - mean the likelihood of recession in the coming year has risen significantly in just the last week. There was considerable volatility in stocks last week,...
Beijing sees the Ukraine crisis as its opportunity to gain influence over financial markets. This week, in response to Russia’s invasion of Ukraine, the European Commission decided to disconnect seven Russian banks from the Belgium-based SWIFT. If Russian banks are ultimate...
The industrial metals and other supplies, and foodstuffs that Russia and Ukraine are important providers have skyrocketed. Gold is firm, pushing against $1,950, the high for the week. The US monthly employment data is often among the most important data points in the monthly cycle...
Major European currencies, but the Swiss franc, and emerging market currencies are bearing the brunt. Japan's final PMI service and composite readings were revised up but remain in contraction territory and more pronounced than in January. MSCI and FTSE are dropping Russian stocks...
There is much talk about how the sanctions being imposed on Russia will hasten the demise of the dollar's role in the world economy, but today the dollar rides high. The four large economies in the euro area reported higher February CPI than expected. The Fed funds market has gone...
The financial and economic chokehold on Russia continued to tighten as many corporations seek to reduce ties. The German and French preliminary February manufacturing PMIs were revised lower in the final reading, but Italy and Spain showed an unexpected increase. The US dollar spi...
Bold new sanctions on Russia and more weapons for Ukraine were announced over the weekend. Russia responded by raising the readiness of its nuclear forces. As a result, the risk-on seen ahead of the weekend has been reversed. The Australian dollar has been confined to its pre-weekend ...
It’s been another week of significant volatility in financial markets and there’s little reason to expect next week will be any different. The tragic events in Ukraine will continue to have a big impact on the markets in the coming weeks as it becomes clear what Vladimir...
When Russia did what the US has been warning about since February 11, the markets seem to have an exaggerated response. Central European currencies are weaker, while Mexico, India, South Africa, and China are the strongest in the EM space after Russia. Gold is firmer after yesterd...
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ProShare Advisors and ProShare Capital Management announced today plans to liquidate and close six ProShares Trust ETFs and two ProShares Trust II ETFs based on an ongoing review of ProShares product offerings. Specifically, the following ETFs will be liquidated and closed: The last...