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Overview The prospect of not just the failure of the US and China to resolve its trade dispute but a new escalation has sapped the confidence that had lifted equity benchmarks and the greenback. Led by more than a 1% decline in Tokyo (Nikkei), Hong Kong, and Australia, all the major markets ...
By Frank Shostak A visible weakness in economic activity in major world economies raises concern among various commentators that world economies have difficulties recovering despite very aggressive loose monetary policies. The yearly growth rate of US industrial production stood at minus 1...
U.S. President Donald Trump has been pushing the Federal Reserve (Fed) to consider cutting policy rates below zero in an effort to stimulate growth and weaken the dollar. But his stance is a lonely one, as negative policy rates have largely gone out of style. Global central banks are reconside...
Overview Asia-Pacific equities mostly declined in sympathy with yesterday's large sell-off in the US and Europe. China and Taiwan were the notable exceptions, while Australia's 2.2% decline, following the central bank meeting that resulted in what many are seeing as a hawkish hold, led the m...
Overview Mostly better-than-expected manufacturing PMI readings for December, including in China, is providing the latest incentive for equity market bulls. Led by the Nikkei, which was aided by a weaker yen, major equity markets in Asia-Pacific rallied and recouped most of the nearly 1% los...
The markets continue to seem optimistic. The strength of the US flash PMI offered a contrast of most high-income regions. The S&P 500 and the Dow Jones Stoxx 600 advanced last week after falling the previous week for the first time since early October. Benchmark 10-year bond yields were ...
Trade hopes were boosted by comments from the US and China earlier in the week, only to be stamped out after the signing of an American law that supports Hong Kong autonomy was criticized by China vowing retaliation. The prolonged trade war has been a drag on global growth, and with the Decemb...
Overview: Global equities are trading heavily. Both the MSCI Asia Pacific and the Dow Jones Stoxx 600 snapped four-day advancing streaks yesterday and have seen some follow-through selling today. In the Asia Pacific region, all the markets fell but Jakarta. Hong Kong's Hang Seng slipped a li...
By Petr Krpata, Chief EMEA FX and IR Strategist The ECB is presiding over a low-growth, low-yielding euro environment… In a nutshell, the European Central Bank’s policy stance and its implications should remain a drag on the euro. The September ECB easing package (10 b...
When I was finishing my university studies in London in 1981, one fascinating subject in my political science classes was the talks between European nations about a common market. At the time, the EEC was a vision, but at the turn of this century, it became a reality. I remember writing a pa...