The US raised $207 bln yesterday by selling bills and coupons with little fanfare. The bid-cover on the three-year and 10-year sales were a little softer than at the last auctions. Today, the US will...
Rising rates continue to spur a rotation and retreat in stocks. Yesterday the NASDAQ sold-off by nearly 2.5% while the Dow Industrials eked out a minor gain. Equities are mostly higher in the Asia Pacific...
Despite a soft close in US indices yesterday, global shares are on the march again today. Led by China and Hong Kong, most large markets in the Asia Pacific region advanced today. Officials gave approval...
Treasury Secretary Mnuchin says the countries are seeking to gain unfair trade advantages. Others, such as China, Japan and Germany remain on a “monitoring list,” alongside newcomers like India, Taiwan and Thailand. US Treasury Secretary...
India has signed a series of Free and Preferential Trade Agreement with the aim of opening-up India’s economy, catalyzing the trade instrument for economic growth and employment generation. All trade agreements except few have resulted...
Imagine going to the bank to take out cash, except without going to the bank and without the cash. If the Chinese central bank’s plan for a digital yuan succeeds, the future could look something like...
The two recent market developments, push lower in stocks, and higher in the dollar is continuing. Tuesday’s gains in the S&P 500 and NASDAQ were unwound on Wednesday and this is helping drag global markets...
The World Trade Organization is now leaderless. The task facing Roberto Azevedo’s successor is mammoth, from the need for reform to fighting protectionism. The process to succeed him is also quite labyrinthine. It’s a role...
The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub’s competitiveness and attractiveness to international business. Hong Kong Chief Executive Carrie Lam announced...
The powerful momentum moves in the capital markets continues unabated by escalating US-China tensions and continued spread of the virus. Asia Pacific equities were mixed. Tokyo was closed for a holiday, but several other large...
Global trade uncertainty as COVID-19 pandemic upends the global economy can lead to painful consequences across all sectors. As per the World Trade Organisation (WTO), global trade is expected to fall by between 13% and...
The S&P 500 rallied 1.6% yesterday to extend the streak to a fifth consecutive session, and the longest of the year and completed the negation of a bearish technical pattern. However, the main feature today...
