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August Monthly

August 02, 2021
Fear that the spread of the Delta mutation of the covid would disrupt the global economy spurred the unwinding of risk-on positions. Interest rates fell, and the traditional funding currencies:  the US dollar, Swiss franc, and Japanese yen, strengthened most in July. While major US indices set new record highs, as did Europe's Dow Jones Stoxx …
August Monthly August Monthly Reviewed by Marc Chandler on August 02, 2021 Rating: 5
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Greenback Softens amid Stronger Risk Appetites to Start August

August 02, 2021
Overview:  Risk appetites snap back after easing in the waning hours last month.  The MSCI Asia Pacific equities jumped back after dropping 1.8% last week for the second week in a row.  Japan's Topix and China's CSI 300 rose by more than 2%, and Hong Kong, Taiwan, and Australia gained more than 1%.  Europe's Dow Jones Stoxx 600 is reco…
Greenback Softens amid Stronger Risk Appetites to Start August Greenback Softens amid Stronger Risk Appetites to Start August Reviewed by Marc Chandler on August 02, 2021 Rating: 5
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Two Steps Forward, One Step Back

August 01, 2021
The US had a difficult week, falling against nearly all the major currencies, recording new lows for the month against the euro, Swiss franc, and sterling among the major currencies.  Indeed, the euro and sterling gains were sufficient to erase the earlier losses to post an advance for July.   It is difficult to find a common theme through the capi…
Two Steps Forward, One Step Back Two Steps Forward, One Step Back Reviewed by Marc Chandler on August 01, 2021 Rating: 5
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Challenging Week Ahead

July 31, 2021
Three macro considerations are shaping the investment climate: the evolution of the virus and the response, the timeframe of the Fed's tapering, and China's broad regulatory crackdown. Beijing's new policy initiatives are broader and quicker than generally anticipated.  Officials seem to be opening up several different fronts, includin…
Challenging Week Ahead Challenging Week Ahead Reviewed by Marc Chandler on July 31, 2021 Rating: 5
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Risk Appetites Start the Weekend Early

July 30, 2021
Overview: Disappointing revenue and sales figures by Amazon shortly after the US close yesterday set the tone for today's equity sell-off. Many large markets in the Asia Pacific area fell by more than 1%, including Japan, Hong Kong, South Korea, and New Zealand.  New lockdown measures around the capital sent the Philippines bourse down nearly …
Risk Appetites Start the Weekend Early Risk Appetites Start the Weekend Early Reviewed by Marc Chandler on July 30, 2021 Rating: 5
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Chinese Officials Calm Markets

July 29, 2021
Overview:  More constructive signals from Chinese officials and a Federal Reserve that is gradually moving toward slowing its bond purchases have had a beneficial impact on the risk-appetites.  Led by a 3% recovery in the Hang Seng, the large equity markets in the Asia Pacific region advanced after the MSCI benchmark recorded the lows for the year…
Chinese Officials Calm Markets Chinese Officials Calm Markets Reviewed by Marc Chandler on July 29, 2021 Rating: 5
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Fed Day

July 28, 2021
Overview:  China's aggressive campaign has exploded on the international stage to become a major market force.  The Shanghai and Shenzhen Composites fell, but the CSI 300 managed to post a small gain after it extended its loss to around 21.5% from the February high.  The China-inspired losses saw the MSCI Asia Pacific Index fall to new lows fo…
Fed Day Fed Day Reviewed by Marc Chandler on July 28, 2021 Rating: 5
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