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Economic Entrails in the Week Ahead

November 16, 2019
The exaggeration of the significance of a few data points led many observers to posit a synchronized global economic rebound.  Disappointing data from China, Japan, and Australia last week suggested that the Asia Pacific region is not experiencing it. 
Japan's export prowess is a thing of the past.  Net exports were a drag on Q3 GDP. The Octobe…
Economic Entrails in the Week Ahead Economic Entrails in the Week Ahead Reviewed by Marc Chandler on November 16, 2019 Rating: 5
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Market Runs with US Line that US-China Deal is Close

November 15, 2019
Overview: Comments by US presidential adviser Kudlow playing up the prospects of a trade agreement between the US and China, with other reports suggesting a key call will be held today, is helping to underpin sentiment into the weekend. The MSCI Asia Pacific Index pared this week's loss today, with China the only main market not participating,…
Market Runs with US Line that US-China Deal is Close Market Runs with US Line that US-China Deal is Close Reviewed by Marc Chandler on November 15, 2019 Rating: 5
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Unexpected German Growth Fails to Buoy the Euro

November 14, 2019
Overview: Rising trade anxiety and disappointing economic reports from the Asia Pacific region helped unpin the profit-taking mood in equities, while bond yields continued to pullback. The MSCI Asia Pacific Index and the Dow Jones Stoxx 600 are in the red for the fourth time in the last five sessions. Germany reported a surprise 0.1% expansion in …
Unexpected German Growth Fails to Buoy the Euro Unexpected German Growth Fails to Buoy the Euro Reviewed by Marc Chandler on November 14, 2019 Rating: 5
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Investors Temper Euphoria

November 13, 2019
Overview: The recent rise in equity markets and backing up in yields spurred many observers to upgrade their macroeconomic outlooks rather than the other way around. Yet we continue to see may worrisome signs. It is not just trade, though, of course, that is part of it. Sentiment itself is fragile and will likely follow prices. Led by Hong Kong, w…
Investors Temper Euphoria Investors Temper Euphoria Reviewed by Marc Chandler on November 13, 2019 Rating: 5
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Farage Declares Truce with Tories after being Offered a Peerage, Underpins Sterling Farage Declares Truce with Tories after being Offered a Peerage, Underpins Sterling Reviewed by Marc Chandler on November 12, 2019 Rating: 5
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Dollar Consolidates and Equities Follow Asia Lower

November 11, 2019
Overview: 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 off to a weak start this week. Hong Kong's Hang Seng fell around 2.6%, its biggest loss in three months, and China's CSI …
Dollar Consolidates and Equities Follow Asia Lower Dollar Consolidates and Equities Follow Asia Lower Reviewed by Marc Chandler on November 11, 2019 Rating: 5
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The Dollar Snaps Back after the October Pullback: Who has the Big Mo' Now?

November 10, 2019
The US dollar had a solid week as the recovery from the October slide began.  We had a high conviction it was coming, but we thought the technical indicators gave scope for one more marginal new low, which in the end did not materialize.  It is difficult to say that there had been much new information or progress on the three macro issues that hav…
The Dollar Snaps Back after the October Pullback: Who has the Big Mo' Now? The Dollar Snaps Back after the October Pullback: Who has the Big Mo' Now?  Reviewed by Marc Chandler on November 10, 2019 Rating: 5
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Caution: Prices Diverging from Macro Drivers

November 09, 2019
Sometimes the news drives the markets and but now it seems that the markets are driving the news.  The dramatic swing in market sentiment from fearing a repeat of Q4 18 and the pessimism of World Bank/IMF forecasts have been cast aside for a few data points and a tease from the world's two largest economies that an agreement may be near to beg…
Caution: Prices Diverging from Macro Drivers Caution: Prices Diverging from Macro Drivers Reviewed by Marc Chandler on November 09, 2019 Rating: 5
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Risk Appetites Satiated Ahead of the Weekend

November 08, 2019
Overview: The capital markets are consolidating the recent moves ahead of the weekend. Equities are paring this week's gains, though the Nikkei, which was closed on Monday, extended its advance for the fourth consecutive session. Despite the profit-taking today, the MSCI Asia Pacific Index rose for the fifth week. Europe's Dow Jones Stoxx …
Risk Appetites Satiated Ahead of the Weekend Risk Appetites Satiated Ahead of the Weekend Reviewed by Marc Chandler on November 08, 2019 Rating: 5
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