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What to Expect from the World Bank and IMF

April 13, 2020
The spring meetings of the World Bank and IMF will be held virtually this week amid a profound economic crisis spurred by a novel coronavirus.  Unlike previous such viruses, this went global in such a destructive way that many countries have responded the same way.  Encouraging social distancing, closing non-essential businesses, and enforcing loc…
What to Expect from the World Bank and IMF What to Expect from the World Bank and IMF Reviewed by Marc Chandler on April 13, 2020 Rating: 5
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Cool Video: CNBC Asia

April 13, 2020
As the markets were re-opening in Asia earlier today, I joined Martin Soong and Sri Jegarajah on CNBC Asia.  I had returned from a business trip and visited our summer house on the Jersey shore for what I thought was going to be a weekend more than a month ago.  
Oil prices had initially reacted positively to the OPEC+ agreement. Still, I was skept…
Cool Video: CNBC Asia Cool Video:  CNBC Asia Reviewed by Marc Chandler on April 13, 2020 Rating: 5
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Subdued Start to the New Week

April 13, 2020
Overview: European financial centers remain closed for the extended holiday, helping to make for a quiet start to the week. The big economic news over the weekend was the confirmation of the OPEC+ deal.  The price of crude opened higher in Asia, but ahead of the US open, May WTI is little changed from the last session on April 9 when it fell $2.3 …
Subdued Start to the New Week Subdued Start to the New Week Reviewed by Marc Chandler on April 13, 2020 Rating: 5
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Capital Markets Stabilizing

April 12, 2020
Official actions have succeeded in stabilizing the capital markets, even as much of the world's economy remains locked down, and the hardships faced by households and businesses intensify.  In the middle part of last month, the markets were as dysfunctional as they have ever been.  Volatility remains elevated but normalizing.  The much-watched…
Capital Markets Stabilizing Capital Markets Stabilizing Reviewed by Marc Chandler on April 12, 2020 Rating: 5
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US, China, and the Week Ahead

April 11, 2020
It is truly a global crisis.  Old animosities and hostilities should be put aside to deal with this pandemic.  A coordinated effort by the US and China marshal the resources to combat the virus and help the world economy recover from this body blow.  Countless op-ed pieces in the traditional media and internet have cried, "Can't we just g…
US, China, and the Week Ahead US, China, and the Week Ahead Reviewed by Marc Chandler on April 11, 2020 Rating: 5
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Eight Things to Know about Global Capital Markets on Good Friday

April 10, 2020
Most of the financial centers in Europe and North America are closed today for the Good Friday holiday.  Many markets in Europe will also be closed on Monday. Here is a summary of key developments.
1. Many markets in the Asia Pacific regions were also closed.  Most that were open advanced, including Japan, Taiwan, South Korea, and Thailand.  China…
Eight Things to Know about Global Capital Markets on Good Friday Eight Things to Know about Global Capital Markets on Good Friday Reviewed by Marc Chandler on April 10, 2020 Rating: 5
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Three Deals Needed ahead of Holiday Weekend

April 09, 2020
Overview: Three deals need to be struck. First, the Eurogroup of finance ministers needs to reach an agreement of proposals for joint action to the heads of state.  Second, oil producers need to cut output if prices are to stabilize. Third, the US Congress needs to strike a deal to provide more funding. Investor seems hopeful, and risk appetites a…
Three Deals Needed ahead of Holiday Weekend Three Deals Needed ahead of Holiday Weekend Reviewed by Marc Chandler on April 09, 2020 Rating: 5
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Cool Video: OIl, ECB, and Animal Spirits

April 08, 2020
I had the privilege to join Ben Lichtenstein at TD Ameritrade (from a remote location) this morning to talk about the global markets.  
I make four points.  First, the reversal of the S&P 500 yesterday set the tone for Asia and Europe.  Volatility throughout the capital markets remains elevated, even if off the peaks.  
Second, investors are …
Cool Video: OIl, ECB, and Animal Spirits Cool Video:  OIl, ECB, and Animal Spirits Reviewed by Marc Chandler on April 08, 2020 Rating: 5
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Flavor of the Day: Consolidation

April 08, 2020
Overview: Global equities are struggling after the S&P 500 staged a dramatic reversal yesterday. The early 3.5% gain was completely unwound and closed slightly lower.  With few exceptions (e.g., Japan and the Philippines), most equity markets in the Asia Pacific region and Europe are lower. Benchmark 10 year bond yields are consolidating yeste…
Flavor of the Day: Consolidation Flavor of the Day: Consolidation Reviewed by Marc Chandler on April 08, 2020 Rating: 5
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