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Stocks Stall while the Dollar Remains Bid

January 20, 2020
Overview: The new week is off to a quiet start as the US celebrates Martin Luther King's birthday, and investors look for a fresh focus. Hong Kong and Indian markets were suffered modest declines while most of the other large Asia Pacific markets edged higher. European stocks are trading a little lower, and the Dow Jones Stoxx 600 is threateni…
Stocks Stall while the Dollar Remains Bid Stocks Stall while the Dollar Remains Bid Reviewed by Marc Chandler on January 20, 2020 Rating: 5
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The Charts: China Allows CNY to Rise Against the Dollar as the Greenback Advances Against Almost Everyone Else The Charts: China Allows CNY to Rise Against the Dollar as the Greenback Advances Against Almost Everyone Else Reviewed by Marc Chandler on January 19, 2020 Rating: 5
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Central Bank Meetings Featured

January 18, 2020
The US dominated the news stream at the start of 2020.  The spasm in the US-Iran confrontation has quickly subsided.  The much-heralded US-China Phase 1 trade deal has been signed.  The US has completed the ratification process of the US Mexico Canada Free-Trade Agreement.  The early signs from the economic entrails suggest the world’s largest eco…
Central Bank Meetings Featured Central Bank Meetings Featured Reviewed by Marc Chandler on January 18, 2020 Rating: 5
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China and the UK Surprise in Opposite Directions

January 17, 2020
Overview:  Helped by new record highs in the US, global stocks are moving higher today. Nearly all the markets in the Asia Pacific region advanced and the seventh consecutive weekly rally is the longest in a couple of years. Europe's Dow Jones Stoxx 600 is at new record highs and appears set to take a four-day streak into next week. US shares …
China and the UK Surprise in Opposite Directions China and the UK Surprise in Opposite Directions Reviewed by Marc Chandler on January 17, 2020 Rating: 5
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Markets Look for New Cues with US-China Trade Pact Signed

January 16, 2020
Overview:The global capital markets are calm today as investors await fresh trading incentives. New record highs in the US equity indices gave Asia Pacific stocks a lift, though China and Taiwan were notable exceptions. Europe's Dow Jones Stoxx 600 is firm new record highs set last week.  US equities are edging higher in Europe. Benchmark bond…
Markets Look for New Cues with US-China Trade Pact Signed Markets Look for New Cues with US-China Trade Pact Signed Reviewed by Marc Chandler on January 16, 2020 Rating: 5
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Phase 1 Trade Deal Shifts Terrain of US-China Rivalry

January 15, 2020
Overview:  News that US tariffs on China will remain until through at least the November US election and continued US attempts to stymie China (e.g., more curbs on Huawei under consideration and stepped up efforts to force it to cut subsidies to business) have taken some momentum from the push into risk assets.  The MSCI Asia Pacific Index snapped…
Phase 1 Trade Deal Shifts Terrain of US-China Rivalry Phase 1 Trade Deal Shifts Terrain of US-China Rivalry Reviewed by Marc Chandler on January 15, 2020 Rating: 5
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China was a Currency Manipulator for a Few Months

January 14, 2020
Overview:  The leaked US decision to lift the currency manipulator designation on China was the latest fodder fueling the new record highs in the S&P 500. The risk-taking appetite helped extend the rally in the MSCI Asia Pacific Index for the fourth consecutive session. Europe's Dow Jones Stoxx 600 is little changed and trying to snap a tw…
China was a Currency Manipulator for a Few Months China was a Currency Manipulator for a Few Months Reviewed by Marc Chandler on January 14, 2020 Rating: 5
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Brexit Update

January 13, 2020
Three and half years after what was initially a non-binding referendum, the UK has seen its way to leave the EU.  The House of Commons passed the necessary legislation last week as Tories enjoys a parliamentary majority.  The House of Lords takes up the measures now. Although the Conservatives do not have a majority and a vigorous debate is expec…
Brexit Update Brexit Update Reviewed by Marc Chandler on January 13, 2020 Rating: 5
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Dismal Data Undercuts Sterling and Boosts Chances of a Rate Cut

January 13, 2020
Overview: There are two big stories today. The first is the large scale protests in Iran after the government admits to accidentally shooting down the commercial airliner amid the fog of war. The market impact seems minimal but fueling speculation that this, coupled with the economic hardship related to the US embargo, could topple the regime. Sec…
Dismal Data Undercuts Sterling and Boosts Chances of a Rate Cut Dismal Data Undercuts Sterling and Boosts Chances of a Rate Cut Reviewed by Marc Chandler on January 13, 2020 Rating: 5
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