Edit

Gaming the ECB and Putting the Cart Before Horse in the Brexit Drama

September 07, 2019
The step away from the edge of the abyss may have stirred the animal spirits, but it remains precarious at best.    The formal withdrawal of the extradition bill in Hong Kong is too late and too little at this juncture.  The ambitions of the protests have evolved well beyond that.  Italy has a new government, but a prolonged honeymoon is unlikely …
Gaming the ECB and Putting the Cart Before Horse in the Brexit Drama Gaming the ECB and Putting the Cart Before Horse in the Brexit Drama Reviewed by Marc Chandler on September 07, 2019 Rating: 5
Edit

Focus Shifts to North American Jobs Before Turning Back to Europe next Week

September 06, 2019
Overview:  Investors hope that the world took a step away from the abyss in recent days.  Developments in Hong Kong, US-China talking, a political and economic crisis in Italy appears to have been averted, and a risk of a no-deal Brexit has lessened.  Asia Pacific equities closed the week on a firm note and extended the rally the third week.  Euro…
Focus Shifts to North American Jobs Before Turning Back to Europe next Week Focus Shifts to North American Jobs Before Turning Back to Europe next Week Reviewed by Marc Chandler on September 06, 2019 Rating: 5
Edit

Brexit becomes a Dog's Breakfast as Dollar's Correction Continues

September 05, 2019
Overview:The Dollar Index fell the most in three months yesterday and is experiencing mild follow-through selling today.  With hopes that Hong Kong has turned a corner, news that in-person US-China talks will resume next month, and a no-deal Brexit is well on the way to being averted, investor risk appetites are robust today.  Global equities are …
Brexit becomes a Dog's Breakfast as Dollar's Correction Continues Brexit becomes a Dog's Breakfast as Dollar's Correction Continues Reviewed by Marc Chandler on September 05, 2019 Rating: 5
Edit
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
Edit

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
Edit

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
Edit

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
Edit

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
Powered by Blogger.