The US and Taiwan seem willing to set aside bilateral trade irritants and boost commercial ties as relations with China deteriorate. The United States announced on Wednesday that it will begin formal negotiations with Taiwan on...
The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring the three-day increase to about 22 bp. The Italian premium over Germany has risen by...
Beijing this week slashed interest rates to boost demand after its zero-COVID policy and a property crash rocked the economy. China’s woes will hurt global growth but could also help to cool inflation. As growth...
The US dollar is trading heavily against all the major currencies, led by the Norwegian krone and euro. Emerging market currencies are also firmer. However, risk-appetites seem subdued. Even though most large bourses in Asia...
The higher-than-expected US CPI and the strong expectation of a 100 bp hike by the Fed in two weeks is propelling the dollar higher. It jumped to almost JPY139.40 and the euro is off more than...
The dollar jumped yesterday making new highs against most of the major currencies, including the euro, sterling, the dollar-bloc and the Scandis. The yen and Swiss franc held in better, but the greenback still closed...
Canada’s government has said it will ban the use of the two Chinese telecommunications giants’ 5G gear due to national security concerns. The move follows similar restrictions in other Western countries. Chinese telecommunications giants Huawei...
New week, same refrain. Stocks down, yields up, and the dollar is broadly higher. The Nikkei and Taiwan fell by more than 2% and South Korea and Australia were off more than 1%. China’s Shanghai...
China’s zero-COVID policies are beginning to severely hit the country’s global export engine. Prolonged lockdowns led to particularly sluggish export growth in April, new figures show. China’s export growth fell sharply to 3.9% in April,...
The sharp sell-off of US equities yesterday weighed on global equities today. The Asia Pacific bourses were a sea of read with many of the large markets off 2%-3%. Japan, which returned from a three-day...
The negative economic effects from Russia’s invasion of Ukraine will significantly hurt global growth, the IMF has said. Increasing food and fuel prices have raised the prospect of unrest in poorer countries. The economic damage...
Europe’s days as Russia’s best customer for energy appear to be numbered. Moscow will need to find new markets if it is to remain an oil and gas superpower, but its options are limited. Russia...
