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Central Bank Meetings and Flash PMI Reports, but It's Over except for the Shouting Central Bank Meetings and Flash PMI Reports, but It's Over except for the Shouting Reviewed by Marc Chandler on December 14, 2019 Rating: 5
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Stunning Tory Victory and US-China Trade Boosts Risk Assets

December 13, 2019
Overview: The combination of a US-China trade deal and exit polls showing the Tories securing a majority in the House of Commons boosted risk assets, sent sterling flying, and the euro sharply higher.  Separately, the Fed stepped up its efforts to make as smooth as possible funding over the turn of the year. Led by more than 2% gains in Hong Kong …
Stunning Tory Victory and US-China Trade Boosts Risk Assets Stunning Tory Victory and US-China Trade Boosts Risk Assets Reviewed by Marc Chandler on December 13, 2019 Rating: 5
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Enguard Lagarde

December 12, 2019
Overview: With the FOMC meeting delivering no surprises, attention turns to the ECB meeting as the UK goes to the polls. Lagarde will hold her first press conference as ECB president today, and it will naturally command attention. Equities are advancing today, and tech appears to be leading the way. In Asia Pacific, Taiwan and South Korea rallied …
Enguard Lagarde Enguard Lagarde Reviewed by Marc Chandler on December 12, 2019 Rating: 5
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Sterling Holds Firm Despite Tighter Poll

December 11, 2019
Overview: The capital markets continue to tread water as investors await this week's key events. The first, the FOMC meeting concludes later today. Tomorrow features the UK election, where the race appears to have tightened, and Lagarde's first ECB meeting at the helm. Global equities continue consolidating the recent gains. Asia Pacific e…
Sterling Holds Firm Despite Tighter Poll Sterling Holds Firm Despite Tighter Poll Reviewed by Marc Chandler on December 11, 2019 Rating: 5
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Is Globalization more than Tax Arbitrage? Follow the People not the Money

December 10, 2019
The use of low-tax centers by multinational companies as part of tax minimization strategies distorts measures of capital flows and direct investment, which are integral to globalization.  Last year, for example, Microsoft shifted $52.8 bln of assets from Singapore to Ireland in a few pen and computer strokes.  The Dublin-based entity, the company…
Is Globalization more than Tax Arbitrage? Follow the People not the Money Is Globalization more than Tax Arbitrage?  Follow the People not the Money Reviewed by Marc Chandler on December 10, 2019 Rating: 5
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Capital Markets: Still Seems to be the Calm before the Storm

December 10, 2019
Overview: Equities are trading lower, and bonds are mixed as the FOMC, UK election, and the US decision on the December 15 tariffs draw near. The MSCI Asia Pacific Index three-day rally ended today as only China and South Korea's markets rose. Europe's Dow Jones Stoxx 600 gapped slightly lower at the open. The upside momentum has faltered,…
Capital Markets: Still Seems to be the Calm before the Storm Capital Markets: Still Seems to be the Calm before the Storm Reviewed by Marc Chandler on December 10, 2019 Rating: 5
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China's Steps-Up Import Substitution Strategy while USMCA Comes Down to the Wire China's Steps-Up Import Substitution Strategy while USMCA Comes Down to the Wire Reviewed by Marc Chandler on December 09, 2019 Rating: 5
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A Look at the Charts Ahead of UK Election and US Tariff Decision

December 08, 2019
The strength of the US jobs report stopped the weaker dollar that was threatening to emerge.  There are two risk events in the second half of next week, the UK election and Trump's decision on the December 15 tariffs.  The market expects a Tory victory, allowing Brexit to proceed, and for the US to at least postpone the new tariffs. A surprise…
A Look at the Charts Ahead of UK Election and US Tariff Decision A Look at the Charts Ahead of UK Election and US Tariff Decision Reviewed by Marc Chandler on December 08, 2019 Rating: 5
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An Eventful Week Ahead

December 07, 2019
The US employment report on the first Friday of December usually marks the unofficial end of the year.  The desks are often lighter and dealers are loath to jeopardize the year’s bonuses in thin and often erratic markets.  This year is an exception.  Next week features the first ECB meeting with Lagarde at the helm and the final FOMC meeting of th…
An Eventful Week Ahead An Eventful Week Ahead Reviewed by Marc Chandler on December 07, 2019 Rating: 5
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