Edit

How UK Tories will Pick May's Successor

May 24, 2019
There is a two-step process to pick the next head of the Tory Party. The leader will be the Prime Minister and head a minority government. May’s minority government was supported by the Democrat Unionist Party from Northern Ireland. It is not clear that if a hard Brexiter succeeds May, the DUP will support it. This could trigger snap elections…
How UK Tories will Pick May's Successor How UK Tories will Pick May's Successor  Reviewed by Marc Chandler on May 24, 2019 Rating: 5
Edit

What Kind of Currency Bounce is This?

May 24, 2019
Overview:  It seems clear that the world's two largest economies slowed before the tariff truce ended.  Many investors believe that the tariff truce helped stop the equity market meltdown through most of Q4 18.  The net result of weaker stocks and lower bond yields seems reasonable.  The dollar is an anomaly. It began off strong yesterday.  Th…
What Kind of Currency Bounce is This? What Kind of Currency Bounce is This? Reviewed by Marc Chandler on May 24, 2019 Rating: 5
Edit

Macro Summary: Japan and the Yen

May 23, 2019
The Japanese yen is the best performing currency so far here in May.  It has appreciated by roughly 1.25% against the dollar.  The same forces that lift it are also boosting the Swiss franc (mtd 1%).  The investment climate has turned in a decidedly less supportive direction following the end of the US-China tariff truce, heightened tensions betwe…
Macro Summary: Japan and the Yen Macro Summary:  Japan and the Yen Reviewed by Marc Chandler on May 23, 2019 Rating: 5
Edit

Trade, Brexit, and Disappointing Flash PMIs Weigh on Global Markets

May 23, 2019
Overview:  The deterioration of the investment climate is spurring the sales of stocks and the buying of bonds. The dollar is firm.  China and the US appear to be digging as if the trade tensions will remain for some time and the breech is beginning to look too big for Trump and Xi to pull another rabbit out of the hat like they did at the end of …
Trade, Brexit, and Disappointing Flash PMIs Weigh on Global Markets Trade, Brexit, and Disappointing Flash PMIs Weigh on Global Markets Reviewed by Marc Chandler on May 23, 2019 Rating: 5
Edit

Sterling Can't Get Out of Its Own Way

May 22, 2019
Overview:   There is a nervous calm in the capital markets.  Yesterday's rally in US shares failed to excite global investors.  China, Hong Kong, and Taiwan markets fell, while Japan was mixed. Foreign investors continued to sell Korean shares, but the Kospi rose.  European shares narrowly mixed, leaving the Dow Jones Stoxx 600 little changed.…
Sterling Can't Get Out of Its Own Way Sterling Can't Get Out of Its Own Way Reviewed by Marc Chandler on May 22, 2019 Rating: 5
Powered by Blogger.