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Hope Springs Eternal

December 04, 2019
Overview: The prospect of not just the failure of the US and China to resolve its trade dispute but a new escalation has sapped the confidence that had lifted equity benchmarks and the greenback. Led by more than a 1% decline in Tokyo (Nikkei), Hong Kong, and Australia, all the major markets in the Asia Pacific region fell. European shares, perhap…
Hope Springs Eternal Hope Springs Eternal Reviewed by Marc Chandler on December 04, 2019 Rating: 5
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US Brandishes Tariff Weapon and Weakens Animal Spirits

December 03, 2019
Overview: Asia Pacific equities mostly declined in sympathy with yesterday's large sell-off in the US and Europe. China and Taiwan were the notable exceptions, while Australia's 2.2% decline, following the central bank meeting that resulted in what many are seeing as a hawkish hold, led the move lower. Europe's Dow Jones Stoxx 600 fell…
US Brandishes Tariff Weapon and Weakens Animal Spirits US Brandishes Tariff Weapon and Weakens Animal Spirits Reviewed by Marc Chandler on December 03, 2019 Rating: 5
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December Monthly

December 02, 2019
November was really about consolidation in the foreign exchange market.  Recall that the US dollar had fallen against nearly all the major currencies in October.  It recovered in November.  No new themes emerged.  The drivers remained the vagaries of the US-China trade talks, the build-up to the UK election in the middle of December, which is bei…
December Monthly December Monthly Reviewed by Marc Chandler on December 02, 2019 Rating: 5
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PMIs Provide Latest Fuel for Equity Markets

December 02, 2019
Overview: Mostly better than expected manufacturing PMI readings for December, including in China, is providing the latest incentive for equity market bulls. Led by the Nikkei, which was aided by a weaker yen major equity markets in Asia Pacific rallied and recouped most of the nearly 1% loss before the weekend. Europe's Dow Jones Stoxx 600 is…
PMIs Provide Latest Fuel for Equity Markets PMIs Provide Latest Fuel for Equity Markets Reviewed by Marc Chandler on December 02, 2019 Rating: 5
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The Dollar Continues to Flirt with Key Chart Points

December 01, 2019
The markets continue to seem optimistic.  The strength of the US flash PMI offered a contrast of most high-income regions.  Major the S&P 500 and the Dow Jones Stoxx 600 advanced last week after falling the previous week for the first time since early October.  Benchmark 10-year bond yields were mixed.  Asia Pacific experienced small declines,…
The Dollar Continues to Flirt with Key Chart Points The Dollar Continues to Flirt with Key Chart Points Reviewed by Marc Chandler on December 01, 2019 Rating: 5
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