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Central Bank Fest

December 11, 2021
Next week is the last big week of the year, and what a week it will be:  Five major central banks meet and at least nine from emerging market countries.  Norway's Norges Bank is the most likely major central bank to hike its key (deposit) rate (December 16).  It would be the second hike of the year.  The economy is enjoying a solid recovery, a…
Central Bank Fest Central Bank Fest Reviewed by Marc Chandler on December 11, 2021 Rating: 5
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Yuan Rises Despite China's Move and the Fed's Course is Set Regardless of Today's CPI Yuan Rises Despite China's Move and the Fed's Course is Set Regardless of Today's CPI Reviewed by Marc Chandler on December 10, 2021 Rating: 5
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Markets Turn Cautious Ahead of Tomorrow's US CPI

December 09, 2021
Overview: The euro has come back offered after its seemingly inexplicable advance yesterday.  The dollar is firmer against most major currencies today, with the yen an exception after JPY114.00 held on yesterday's advance.  Most emerging market currencies are also softer, with a handful of smaller Asian currencies proving a bit resilient.  Mos…
Markets Turn Cautious Ahead of Tomorrow's US CPI Markets Turn Cautious Ahead of Tomorrow's US CPI Reviewed by Marc Chandler on December 09, 2021 Rating: 5
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Markets Calmer, Awaiting Fresh Incentives

December 08, 2021
Overview:  The capital markets are calmer today, and the fear that was evident at the end of last week remains mostly scar tissue. Led by gains in Japan, China, Australia, New Zealand, and India, the MSCI Asia Pacific Index extended yesterday's gains.  Europe's Stoxx and US futures are firm.  The US 10-year yield is softer, around 1.43%, w…
Markets Calmer, Awaiting Fresh Incentives Markets Calmer, Awaiting Fresh Incentives Reviewed by Marc Chandler on December 08, 2021 Rating: 5
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Animal Spirits Roar Back

December 07, 2021
Overview:  A return of risk appetites can be seen through the capital markets today, arguably encouraged by ideas that Omicron is manageable and China's stimulus.  Led by Hong Kong and Japan, the MSCI Asia Pacific rose by the most in three months, while Europe's Stoxx 600 gapped higher, leaving a potentially bullish island bottom in its wa…
Animal Spirits Roar Back Animal Spirits Roar Back Reviewed by Marc Chandler on December 07, 2021 Rating: 5
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Semblance of Stability Returns though Geopolitical Tensions Rise

December 06, 2021
Overview:  The absence of negative developments surrounding Omicron over the weekend appears to be helping markets stabilize today after the dramatic moves at the end of last week.  Asia Pacific equities traded heavily, and among the large markets, only South Korea and Australia escaped unscathed today.  Europe's Stoxx 600 is trading higher, l…
Semblance of Stability Returns though Geopolitical Tensions Rise Semblance of Stability Returns though Geopolitical Tensions Rise Reviewed by Marc Chandler on December 06, 2021 Rating: 5
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Aussie Slumps below $0.7000 and the Loonie Can't Sustain Upticks Despite a Monster Jobs Report Aussie Slumps below $0.7000 and the Loonie Can't Sustain Upticks Despite a Monster Jobs Report Reviewed by Marc Chandler on December 05, 2021 Rating: 5
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