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...
The sentiment that fueled the recovery in US equities before the weekend carried over into today. Several Asia Pacific centers, including China, Taiwan, and South Korea were closed today, but Japan, Hong Kong, and India...
After a slow and mixed start in Asia, where Australia and India are on holiday, equity markets have turned higher. Europe’s Stoxx 600 is up around 1.9% near midday in Europe, which if sustained would...
The capital markets are calmer today, and the fear that was evident at the end of last week remains mostly scar tissue. Led by gains in Japan, China, Australia, New Zealand, and India, the MSCI...
The dramatic collapse of the Turkish lira was like an accident one could not help look at, but it was not an accident, but the result of a disregard for the exchange rate and compromised...
Reports that the Fed’s Brainard was interviewed for the Chair helped soften yields a bit, not that they needed extra pressure, on ideas she is more dovish than Powell. In turn, the lower yields saw...
Federal Reserve Chairman Powell’s long-anticipated speech at Jackson Hole provided fireworks but not quite what the market had expected. Confirmation of tapering was supposed to lift US rates and the dollar. Instead, the opposite took...
Neither the chaos and tragedy unfolding in Afghanistan nor the US refusal to acquiesce to the allies’ request to extend the August 31 deadline seems to have much impact on the global capital markets. Instead,...
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...
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,...
