Record high closes yesterday for the S&P 500 and NASDAQ have done little to help global equities today. Most of the Asia Pacific region markets, but Japan and Australia slipped ahead of the weekend while...
The US had a difficult week, falling against nearly all the major currencies, recording new lows for the month against the euro, Swiss franc, and sterling among the major currencies. Indeed, the euro and sterling...
Ireland has long been seen as an outlier on corporation tax, particularly in the European Union. But suggestions it is willing to increase its rate comes as pressure mounts on Dublin to fall in line...
The European Central Bank has said it is taking the next step toward launching a digital version of the euro. The move comes amid a boom in crypto and other digital currencies. The governing council...
Firming long-term US yields have lent the dollar support after trading heavily yesterday. The greenback is around 0.15%-0.50% higher against the major currencies. The Japanese yen and Canadian dollar are among the more resilient, and...
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...
Last week’s cyberattack on the largest US gasoline pipeline continues to lift oil and gasoline prices. The June gasoline futures gapped higher to extend last week’s 2.4% gain but has subsequently moved lower to enter...
French President Emmanuel Macron is pushing to water down the eurozone’s budget criteria. But some economists don’t think that’s a good idea. Less than a year before France’s next presidential elections, President Emmanuel Macron seems...
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...
The capital markets are mostly quiet ahead of the ECB meeting, today’s highlight. The rise in US equities yesterday is helping lift equities today. The MSCI Asia Pacific Index snapped a two-day fall, and Europe’s...
US benchmark 10-year Treasury yields rose for the seventh consecutive week. Such a streak was seen at the start of 2018 and late Q1/Q2 2009 and 2004, but none longer. The US dollar was mostly firmer,...
Equities have more stable footing today, despite yesterday’s losses in the US, as the relative stability in the bond markets bolster risk-appetites. Led by a 2.7% rally in Hong Kong, which matches its largest advance...
