The dramatic shift in expectations for Fed policy is a potent shock, with reverberations throughout the capital markets. The business press was full of accounts putting the nearly 50 bp decline in the US two-year...
Many investors may be skeptical of the accuracy of Chinese data, but its stronger than expected February PMI animated the animal spirits and bolstered risk-taking appetites. Asia Pacific equities jumped, led by the 4.2% rally...
The focus is on the US CPI report today, but the price action is anything but intuitive. Although the revisions of the basket and methodological changes reinforce expectations for the largest rise in three months,...
With the market nearly ruling out a 50 bp hike by the Federal Reserve on February 1, the interest rate adjustment appears to have largely run its course. This may be helping to ease the...
Sweden’s state mining company said it found vast amounts of rare earth minerals in a town in northern Sweden, which has the world’s largest underground iron ore mine. Rare earths are used for manufacturing electric...
Chinese businessman Jack Ma is to cede voting rights at the Ant Group in an overhaul prompted by a government crackdown. Ma has largely disappeared from view after criticizing the regulation of tech companies in...
China’s new initiatives to support the property sector helped lift the Hang Seng. And while the China’s CSI 300 edged higher both the Shanghai and Shenzhen composites fell. Most Asia Pacific markets fell, while Europe’s...
A consolidative tone has emerged ahead of the outcome of the FOMC meeting later today. The focus is not so much on the 75 bp rate hike, but on its forward guidance. Many expect the...
Not too many surprises are expected from the 20th Congress of the Chinese Communist Party (CCP), which meets from October 16 to 23, except perhaps the promotion of newcomers among the seven members of the...
The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...
Sterling’s pounding continued in Asia where it was driven to $1.0350, a new record low before stabilizing. UK rates also continued to rise sharply after the new government promised more tax cuts next year. The...
As the EU attempts to unpick its reliance on Russian gas, it could become more dependent on Chinese supplies, some of which come from Russia. This might undermine the aim of reducing purchases of its...