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HK Concession and Better EMU PMI Overshadows Self-Inflicted Trade and Brexit Woes HK Concession and Better EMU PMI Overshadows Self-Inflicted Trade and Brexit Woes Reviewed by Marc Chandler on September 04, 2019 Rating: 5
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Pound Punished in High Drama

September 03, 2019
Overview:  A showdown between UK Prime Minister Johnson and Parliament over Brexit pushed sterling below $1.20.  The euro is extended its losses after finishing last week below $1.10.  Growth concerns are seeing equities retreat.  Japanese and Chinese shares managed to eke out gains, but the Asia Pacific and European stocks have been sold.  The Do…
Pound Punished in High Drama Pound Punished in High Drama Reviewed by Marc Chandler on September 03, 2019 Rating: 5
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What Happened Monday

September 02, 2019
Markets in the US and Canada were closed on Monday for national Labor Day holidays.  Here is a succinct summary of key developments that will set the backdrop for Tuesday.
1. On September 1, the new round of tariffs in the US-China fight took effect.  The US placed a 15% tariff on around 3000 Chinese goods that thus far had escaped action.  China …
What Happened Monday What Happened Monday Reviewed by Marc Chandler on September 02, 2019 Rating: 5
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September Monthly

September 02, 2019
Three forces are shaping the investment climate.  The US-China trade conflict escalates at the start of September as both will raise tariffs on each other's goods and are threatening another round in mid-December (US 25% tariffs on $250 of Chinese imports will increase to 30% on October 1).  Some third parties may benefit from the re-casting o…
September Monthly September Monthly Reviewed by Marc Chandler on September 02, 2019 Rating: 5
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Dollar Party but the Yen wasn't Invited

September 01, 2019
The US dollar rose against all the major currencies last week and was bid to new multi-year highs against the euro, Scandis and the New Zealand dollar ahead of the weekend.  The Dollar Index looked above 99.00 for the first time since May 2017.
The greenback's gains in August were the most pronounced against the New Zealand dollar and the Norwe…
Dollar Party but the Yen wasn't Invited Dollar Party but the Yen wasn't Invited Reviewed by Marc Chandler on September 01, 2019 Rating: 5
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