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Market has Second Thoughts on Magnitude of Fed Cuts Ahead of Powell

August 23, 2019
Overview:  Powell speech at Jackson Hole stands before the weekend.  Equities in Asia and Europe are finishing the week on a firm tone.  Most markets in the Asia Pacific region closed higher today, and the MSCI Asia Pacific Index snapped a four-week slide.  European bourses are edging higher, and the Dow Jones Stoxx 600 is poised to end its three-…
Market has Second Thoughts on Magnitude of Fed Cuts Ahead of Powell Market has Second Thoughts on Magnitude of Fed Cuts Ahead of Powell Reviewed by Marc Chandler on August 23, 2019 Rating: 5
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G7 to Deliver a Nothing Burger

August 22, 2019
A Bloomberg article about the weekend G7 meeting says, "multilateralism is dead."  An op-ed in the Financial Times suggests that the most important political alliance may be "rejuvenated" at the G7 meeting.  The truth is likely found somewhere in between.  Economic nationalism, personalities of (some of) the leaders are not co…
G7 to Deliver a Nothing Burger G7 to Deliver a Nothing Burger Reviewed by Marc Chandler on August 22, 2019 Rating: 5
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Tick Up in EMU PMI Does Little, Waiting for Powell

August 22, 2019
Overview:  Soft data in Asia and the continued decline in the yuan (six days and counting) prevented Asian equities from following the US lead from yesterday when the S&P 500 advanced by 0.8%. European shares are paring yesterday's 1.2% advance despite an unexpected gain in the EMU flash PMI.  US shares are little changed in the European m…
Tick Up in EMU PMI Does Little, Waiting for Powell Tick Up in EMU PMI Does Little, Waiting for Powell Reviewed by Marc Chandler on August 22, 2019 Rating: 5
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European Stocks Snap Back, Market Hopeful Italian Election can be Delayed

August 21, 2019
Outlook:  The end of the US equity three-day advance yesterday weighed on Asia Pacific shares today.  Most benchmarks fell.  Better than expected trade data helped Thailand buck the trend.  A firmer tone emerged in the European morning, and the Dow Jones Stoxx 600 has recouped yesterday's losses and more.  It was led higher by consumer discret…
European Stocks Snap Back, Market Hopeful Italian Election can be Delayed European Stocks Snap Back, Market Hopeful Italian Election can be Delayed Reviewed by Marc Chandler on August 21, 2019 Rating: 5
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Marking Time Ahead of PMI and Powell

August 20, 2019
Overview:  Global equities and bonds are firmer in quiet turnover, and the dollar is narrowing mixed in narrow ranges.  The big events of the week, the eurozone flash PMI and Powell's speech at Jackson Hole still lie ahead.  The MSCI Asia Pacific Index rose for the third consecutive session, led by Korea and Australia's 1%+ gains.  Europe&…
Marking Time Ahead of PMI and Powell Marking Time Ahead of PMI and Powell Reviewed by Marc Chandler on August 20, 2019 Rating: 5
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