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...
A showdown between UK Prime Minister Johnson and Parliament over Brexit pushed sterling below $1.20. The euro is extended its losses after finishing last week below $1.10. Growth concerns are seeing equities retreat. Japanese and...
There is little reprieve from the equity meltdown ahead of the weekend. Major markets in the Asia-Pacific region, including Japan, China, India, and Australia pushed lower. The MSCI index of the region is near 15-month...
It is the height of irony or tragedy that what was offered as a non-binding referendum on UK’s membership in the European Union to bring the country, or at least the Tory Party, together is...
Overview: Weaker data from China coupled with pressure on the European periphery is weighing on sentiment after yesterday’s retreat in US stocks saw the S&P 500 again retreat below the 200-day moving average. Chinese shares...
The Swedish krona is the weakest of the major currencies so far this year, having lost more than 10% against the US dollar and about 6.6% against the euro. The main weight arguably was the...
The first doubts over the future of globalization were expressed after 9-11. Many were concerned that the added security costs would make the cross-border movement of goods more expansive. Nearly everyone at the time embraced...
The Markit group that provides many of the PMI surveys noted with today’s reports that the eurozone outlook has “darkened dramatically.” This makes for a poor backdrop for the ECB, which meets next week. However,...
The two-day gathering in Argentina comes at a tense moment, just a few days before the US will impose higher tariffs on steel and aluminum imports and new US trade measures reportedly targeted at China....
The 100-point slide in the S&P 500 and the 1000-point drop in the Dow Jones Industrials yesterday spurred more bloodletting in Asia. The 1.8% drop in the MSCI Asia Pacific Index (for a 6.7% loss...
North American session sold into the dollar’s upticks and Asia followed suit, taking the greenback to new multi-year lows against the euro and sterling while pushing it below the JPY110 level for the first time...
The investment climate is being shaped by two powerful forces. First is the very accommodative policy stance. This includes the United States, where despite delivering the fifth rate hike in the cycle, adjusted by headline...