Results for Covid-19
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Big Week Begins Quietly, with the Greenback Still Under Pressure

April 26, 2021
Overview: What promises to be a notable week has begun off quietly: the US, EMU, and South Korea report Q1 GDP.   The eurozone also provides its first estimate of April inflation.  Corporate earnings feature tech and financial firms.  Equities are mostly firmer in the Asia Pacific region and Europe.  Hong Kong, China, and Australia were exceptions…
Big Week Begins Quietly, with the Greenback Still Under Pressure Big Week Begins Quietly, with the Greenback Still Under Pressure Reviewed by Marc Chandler on April 26, 2021 Rating: 5
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Market has Second Thoughts about Timing of First Fed Hike

April 20, 2021
Overview:  Even as US yields edge higher, the dollar struggles. With the 10-year Treasury yields now at 1.62%, nine basis points above last week's lows, the greenback has turned mixed against the major currencies. After briefly slipping below JPY108, the dollar has recovered to around JPY108.55.  The euro firmed to $1.2080, and sterling pushed…
Market has Second Thoughts about Timing of First Fed Hike Market has Second Thoughts about Timing of First Fed Hike Reviewed by Marc Chandler on April 20, 2021 Rating: 5
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The US Dollar Comes Back Bid after Being Squeezed Yesterday

April 06, 2021
Overview:  European bourses are playing catch-up as they reopen after the long holiday weekend. The Dow Jones Stoxx 600 gapped higher and is trading at record levels, led by materials and financials.  Asia Pacific markets were mixed after US indices rallied yesterday.  A sharp fall in household spending may have weighed on Japanese shares. US futu…
The US Dollar Comes Back Bid after Being Squeezed Yesterday The US Dollar Comes Back Bid after Being Squeezed Yesterday Reviewed by Marc Chandler on April 06, 2021 Rating: 5
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Turkey Drags EM Lower while US Yields Soften Ahead of Supply

March 22, 2021
Overview:  Equities in the Asia Pacific region and Europe found little support from the lower bond yields.  Chinese, Taiwanese, and Australian equities managed to post modest gains.  A fire at a Renesas auto chip facility in Japan weighed on auto shares.  This yet another disruption in chip production which was already estimated to cut global auto…
Turkey Drags EM Lower while US Yields Soften Ahead of Supply Turkey Drags EM Lower while US Yields Soften Ahead of Supply Reviewed by Marc Chandler on March 22, 2021 Rating: 5
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Prospect of a Vaccine Signals a New Game is Afoot

November 14, 2020
Pfizer's extraordinary results on developing a vaccine for Covid-19 has injected a new factor into the investment climate, even as many countries around the world continue to wrestle with a new and powerful spread of the virus.  In the US equity market, a rotation, which may have been underway previously, gained ground.  It can be illustrated …
Prospect of a Vaccine Signals a New Game is Afoot Prospect of a Vaccine Signals a New Game is Afoot Reviewed by Marc Chandler on November 14, 2020 Rating: 5
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Markets Remain Unsettled

November 10, 2020
Overview: Pfizer's vaccine announcement eclipsed the US election as the key market driver.  It spurred the unwinding of Covid trades in terms of sectors and yields.  Emerging market currencies and the majors that benefit from world growth outperformed the perceived safe-havens, like the yen and the Swiss franc.  The euro rose above $1.19 brief…
Markets Remain Unsettled Markets Remain Unsettled Reviewed by Marc Chandler on November 10, 2020 Rating: 5
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Risk Appetites Return as the US Goes to the Polls

November 03, 2020
Overview: More than 95 mln Americans voted before today, and many observers warn of a cliffhanger that could be decided in the courts.  The polls and surveys show strong odds in favor of a Democratic sweep.  Looking at the capital markets, nothing looks amiss.  The biggest rally in the S&P 500 in three weeks yesterday (1.2%) underpinned the re…
Risk Appetites Return as the US Goes to the Polls Risk Appetites Return as the US Goes to the Polls Reviewed by Marc Chandler on November 03, 2020 Rating: 5
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Shaken not Stirred

November 02, 2020
Overview:  The global capital markets have begun the week with a better tone than last week ended.  Equities are higher.  In the Asia Pacific region, Japan, South Korea, and Hong Kong led with more than a 1% advance, and the MSCI Asia Pacific Index snapped a three-day slide.  Stocks in Europe are higher for a second day, and the 1.2% gain in late-…
Shaken not Stirred Shaken not Stirred Reviewed by Marc Chandler on November 02, 2020 Rating: 5
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Animal Spirits Called in Sick

October 28, 2020
Overview:  Sickened by the surging virus, animal spirits are bed-ridden today. Several European countries are experiencing the most fatalities and illnesses in several months, and policymakers are responded with national restrictions. In 32 US states, hospitalizations have surged by over 10% in the past week.  In the Asia Pacific region, China, So…
Animal Spirits Called in Sick Animal Spirits Called in Sick Reviewed by Marc Chandler on October 28, 2020 Rating: 5
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