Among the first acts on trade by the new US Administration was to withdraw from the Trans-Pacific Partnership multilateral trade pact. Trump’s opposition to TPP was well-known, but less appreciated by his critics, is that...
There is an unease that continues to hang over the market. It is as if a shoe fell last week, and most investors seem to be waiting for the other shoe to drop. It is...
The 100-point slide in the S&P 500 and the 1000-point drop in the Dow Jones Industrials yesterday spurred more bloodletting in Asia. The 1.8% drop in the MSCI Asia Pacific Index (for a 6.7% loss...
North American session sold into the dollar’s upticks and Asia followed suit, taking the greenback to new multi-year lows against the euro and sterling while pushing it below the JPY110 level for the first time...
There is nothing quite like a falling dollar to spur take of the erosion of the greenback’s reserve status. There has been talk for several months that China is preparing in yuan-denominated oil contract (with...
The investment climate is being shaped by two powerful forces. First is the very accommodative policy stance. This includes the United States, where despite delivering the fifth rate hike in the cycle, adjusted by headline...
The US dollar is stabilizing but the tone remains fragile. The euro, which has advanced for five consecutive sessions coming into today is slightly lower. The euro had stalled yesterday as it approached last year’s...
There is not much the EU could have done to keep the UK in its club. Former Prime Minister Cameron tried sought some concessions, but the importance assigned to immigration and regaining sovereignty by the...
To the surprise of no one, the ECB left it monetary policy and its forward guidance unchanged from its last meeting. Then it announced that its asset purchases would be halved starting in January to...
The popular press is full of articles about how automation destroy jobs. It seems so intuitive, capital, in the form of technological advancement, replaces labor. In response to claims that low wage economies, like Mexico...
The US dollar has largely been confined to yesterday’s trading ranges against the major currencies amid light news. The North American session does not hold much hope for fresh impetus. The US reports October existing...
Global equity markets are closing another strong month. The MSCI Asia Pacific Index was little changed on the day, but up 4.3% in October, the 10th consecutive monthly advance. Europe’s Dow Jones Stoxx 600 is...
