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...
Russia’s brutality as it re-positioned forces in Ukraine and China’s move to ease the clash with US auditors dominate the news. Hong Kong tech stocks rallied on the news while mainland markets are closed today...
Hawkish comments by Fed Chair Powell stoked a jump in yields and lit the dollar. News that Alibaba was boosting its share buyback program to $25 bln from $15 bln helped lift HK shares, while...
While the World Health Organization debates about downgrading Covid from a pandemic, the rise China and Hong Kong cases is striking. A lockdown in Shenzhen and restrictions in Shanghai, coupled with a record fine by...
A decade in the making, the RCEP pact takes effect January 1, easing trade among Southeast Asian and Asia-Pacific nations. Economic giants China, Japan and South Korea are set to benefit the most. Trade barriers...
The central bank meeting cycle is over. Most of the important high-frequency data has been released until early January. The US debt ceiling has been lifted, avoiding an improbable default. A year ago, there was a sense...
Researchers have urged EU member countries to invest a lot more in chip design, with a view to becoming less dependent on China. Yet other parts of the value chain require more attention. When German...
The Fed’s hawkish pivot came a few weeks before yesterday’s FOMC meeting, which confirmed more or less what the market had already largely anticipated. Buy the (dollar) on rumors (of tapering and more aggressive stance...