China Evergrande, once the country’s second-largest real estate developer, is drowning in debt. Some 1.5 million people have put deposits on new homes that have yet to be built. A collapse could be catastrophic. Property...
The global capital markets are subdued today as investors wrestle with the rising virus, the shifting stance of several central banks, and a more tense geopolitical backdrop. Equity markets are struggling today. Most of the...
The armed forces of Myanmar, referred to as Tatmadaw, are in the habit of grabbing political power. They did it again in a February 1, 2021 coup. But unlike in the past, India didn’t leave...
It is not China’s aggressive foreign policy that is the source of the disturbance in the capital markets, but its aggressiveness at home as it asserts control parts of the tech sector and toughens its...
A possible deal in OPEC saw a sharp drop in crude oil prices, and there is some follow-through selling today. European yields are lower, though hawkish comments are weighing on UK Gilt prices. Australia’s jobs...
The dramatic move in the capital markets continues. The US dollar is soaring as yields and equities slide. The US 10-year yield has fallen below 1.30 to 1.26% European benchmark yields are 1-4 bp lower,...
Governments in Asia are planning 600 new coal plants that could lose investors $150 billion and derail efforts to limit temperature rise in line with climate targets, according to a new report. But why? In...
The short squeeze that lifted the US dollar ahead of the weekend has seen limited follow-through buying, and instead a consolidative tone emerged. Europe is searching for direction and perhaps waiting for US leadership after...
Falling US yields weigh on the US dollar. The 10-year Treasury yield is flirting with the 1.50% mark, and the greenback is trading heavily against all the major and most emerging market currencies. European and...
The debt of US nonfinancial businesses had already surged in recent years, but when the Pandemic hit, businesses went on a borrowing binge as the Fed has repressed interest rates to record lows even for...
The European Parliament has said it will not approve a multi-billion-euro investment deal with China until Beijing lifts tit-for-tat sanctions. The EU and China approved the pact in December 2020, after seven years of negotiations....
After seeing its pre-weekend gains pared yesterday, partly due to some disappointing data, the US bounced back today. It is posting broad gains, and the euro has been sold through last week’s lows. Among the...
