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Covid-19 Contagion Outside China Keeps Investors on the Defensive

February 21, 2020
Overview:  The spread of Covid-19 outside of China and early signs of the economic consequences again emerged to weigh on investor sentiment. Poor Japanese and Australian preliminary February PMI reports and some trade indications from South Korea saw most Asia Pacific equities sell-off. China was an exception. The small gain (0.3%), lifted the Sh…
Covid-19 Contagion Outside China Keeps Investors on the Defensive Covid-19 Contagion Outside China Keeps Investors on the Defensive Reviewed by Marc Chandler on February 21, 2020 Rating: 5
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Covid-19 Hits Yen and Korean Won

February 20, 2020
Overview: The increase of Covid-19 cases in South Korea and Japan, coupled with China's changing reverting back to its previous methodology of calculation, dropping clinically-diagnosed cases have again weakened risk appetites and sent the dollar broadly higher. Fears of a Japanese recession are sapping the yen's role as a safe haven, and …
Covid-19 Hits Yen and Korean Won Covid-19 Hits Yen and Korean Won Reviewed by Marc Chandler on February 20, 2020 Rating: 5
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Investors' Confidence Snaps Back

February 19, 2020
Overview: After shunning risk yesterday, investors re-entered the fray today, and the animal spirits returned. The MSCI Asia Pacific Index snapped a four-day slide, and China's markets were among the few losers in the region today. Europe's Dow Jones Stoxx 600 recovered yesterday's losses in full and is again at record highs. US shares…
Investors' Confidence Snaps Back Investors' Confidence Snaps Back Reviewed by Marc Chandler on February 19, 2020 Rating: 5
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Apple's Warning Weighs on Sentiment

February 18, 2020
Overview: Apple's warning that it will miss Q1 revenue due to the knock-on effects of the coronavirus seemed to be a modest wake-up call to investors, who, judging from the equity market, were looking beyond. Equities have fallen, and bonds have rallied. Japan, Hong Kong, and South Korean stocks fell by more than 1%, and only China and Indones…
Apple's Warning Weighs on Sentiment Apple's Warning Weighs on Sentiment Reviewed by Marc Chandler on February 18, 2020 Rating: 5
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Dismal Q4 Japanese GDP Fails to Spur Yen Movement

February 17, 2020
Overview: It is only a US holiday today, but the global capital markets are subdued. In the Asia-Pacific region, equities traded lower with China and Hong Kong, the main advancers. The MSCI Asia Pacific Index has fallen in only two weeks since the end of last November, and that was during the last two weeks of January. Europe's Dow Jones Stoxx…
Dismal Q4 Japanese GDP Fails to Spur Yen Movement Dismal Q4 Japanese GDP Fails to Spur Yen Movement Reviewed by Marc Chandler on February 17, 2020 Rating: 5
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