With the exception of Japan, Taiwan, and India, the large equity markets in the Asia Pacific region traded higher today. The Hang Seng led the move (1.65%) amid reports that Alibaba will seek its primary...
The dollar’s downside correction continues today, helped by hawkish signals from the Reserve Bank of Australia and unnamed sources who have played up the chances of a 50 bp hike by the European Central Bank...
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...
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...
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...
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...
Surging yields and plummeting equities are the main developments today. The US 10-year yield pushed above 1.80% and the two-year yield is above 1% for the first time since February 2020. European yields are pulling...
The new week does not mean new forces. The dollar is recouping some of what it lost ahead of the weekend after the disappointing US jobs growth, but yields continue to rise and many risk...
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...
