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Overview The spread of the coronavirus and the lockdown in the epicenter in China has again sapped the risk-taking appetite in the capital markets. Asia is bearing the brunt of the adjustment. Tomorrow starts China's week-long Lunar New Year celebration when markets will be closed, which may...
Overview The S&P 500 lost less than 0.3% yesterday, even as the first case of the Wuhan virus was found in the US. The relative subdued US reaction may have helped stabilize the capital markets today. Nearly all the major markets in the Asia-Pacific regions rose, including a more than 1%...
Overview The spread of a new respiratory illness in China has spurred a wave of profit-taking in equities and risk assets more generally. All of the markets in the Asia-Pacific region tumbled, with Hong Kong hit the hardest (-2.8%) after posting a key reversal yesterday. The sell-off continu...
Overview The global capital markets are calm today as investors await fresh trading incentives. New record highs in the US equity indices gave Asia-Pacific stocks a lift, though China and Taiwan were notable exceptions. Europe's Dow Jones Stoxx 600 is firm at new record highs set last week. ...
Overview News that US tariffs on China will remain until through at least the November US election and continued US attempts to stymie China (e.g., more curbs on Huawei under consideration and stepped-up efforts to force it to cut subsidies to business) have taken some momentum from the push...
Overview The leaked US decision to lift the currency manipulator designation on China was the latest fodder fueling the new record highs in the S&P 500. The risk-taking appetite helped extend the rally in the MSCI Asia Pacific Index for the fourth consecutive session. Europe's Dow Jones ...
Overview Without fresh escalation, investors cannot maintain a heightened sense of geopolitical anxiety. The recovery of US shares yesterday set the tone for today's rebound in Asia and Europe. All the equity markets in the Asia-Pacific region rallied today, led by a 1.6% rally in Japan and ...
Turkish state lenders sold as much as $1.5B in an attempt to halt the Turkish lira's decline, Bloomberg reports, citing three people with knowledge of the matter. More news on: iShares MSCI Turkey ETF, WisdomTree Emerging Currency ETF, iPath GEMS Asia-8 ETN, Global news and forex, News o...
Overview Equities have begun New Year like, well, last year, with most Asia-Pacific markets advancing, led by more than 1% gains in China, Hong Kong, and Thailand. Only South Korea and Indonesian markets fell. In Europe, the Dow Jones Stoxx 600 is up almost 1% in late morning turnover. US sh...
The dollar index measures the value of the US currency against other leading global foreign exchange instruments. The futures contract that trades on the Intercontinental Exchange has the following composition: Source: ICE The chart shows that the euro, Japanese Yen, and British pound co...