The dollar is lower across the board as dealers attribute the selling to month-end pressures ahead of the FOMC today and ECB tomorrow and long-holiday weekend for many. Japan’s Golden Week holiday has already begun....
A previous standoff with Mexico was resolved as the deal was announced just hours before Asian markets opened on Monday. The cuts will be gradually eased until April 2022. OPEC, Russia and other oil-producing nations...
During the sixty-sixth session of the UN General Assembly, the then UN Secretary-General Ban Ki-Moon said – We need a new economic paradigm that recognizes the parity between the three pillars of sustainable development. Social,...
It appears after a few days of miscues, US officials struck the right chord, and the global capital markets seemed to stabilize shortly after the US session ended. President Trump’s press conference today is expected...
In the third decades of the 21st century, the world is witnessing the biggest scathing attack of the virus in a decade on the survival of human beings. At the same time, it is also...
A major source of banks’ optimism is their various expectations of an economic recovery in 2020. It has to be said that this is not widely shared by other forecasters (including both the Fed and...
WeWork was just late to the defenestration party. Everyone – including infamously me – has been trying to pinpoint the exact moment when the magnificent startup-unicorn-bubble broke, and I mean not just broke but imploded...
Escalating violence in Hong Kong and the continued fall in Chinese producer prices weighed on equities in Asia Pacific trading. The MSCI Asia Pacific Index has risen nearly 7% during the five-week rally and is...
Investors seem to be catching their collective breath today, and the global capital markets are consolidating recent moves. A notable exception is the Chinese yuan, which has continued to strengthen, and the dollar has slipped...
Since 2014, the Chinese economy has been the first global GDP calculated in purchasing power parity (PPP) and the gap has widened steadily with the United States: 19.2% of world GDP against 15% for its rival. Since...
The Fed did a lot of heavy breathing over “trade uncertainty” and “trade tensions” during the September 17-18 FOMC meeting, according to the minutes, released this afternoon. The word “trade” was mentioned 26 times in...
No excuse is ever required to admire the lustrous romanticism of the poet John Keats and here we are in Autumn (only in high Northern latitudes, of course!). Confusing metaphorical mists may be swirling around...