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Johnson's Ability to Lead Tories into Victory at Risk with Today's By-Elections Johnson's Ability to Lead Tories into Victory at Risk with Today's By-Elections Reviewed by Marc Chandler on June 23, 2022 Rating: 5
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Risk Appetites are Fickle

June 22, 2022
Overview: Yesterday’s strong US equity gains failed to carry over into today’s session. Japanese and Australian shares fared the best among the large Asia Pacific market, with the Nikkei off less than 0.4% and the ASX off less than 0.25%. However, China’s markets were off more than 1%, while Taiwan and South Korea indices slumped more than 2%. Ind…
Risk Appetites are Fickle Risk Appetites are Fickle Reviewed by Marc Chandler on June 22, 2022 Rating: 5
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Equities Jump, Dollar Slips, and European Yields Drop

June 21, 2022
Overview: Stocks are rallying. Nearly all the large bourses in the Asia Pacific region rose with China being the noted exception. In Europe, the Stoxx 600 is up over 1% to post gains for the third consecutive session, the longest advance this month. US futures are up around 2% as they return from yesterday’s holiday. While the US 10-year yield has…
Equities Jump, Dollar Slips, and European Yields Drop Equities Jump, Dollar Slips, and European Yields Drop Reviewed by Marc Chandler on June 21, 2022 Rating: 5
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US Holiday Facilitates Consolidative Tone

June 20, 2022
Overview: Most equity markets in the Asia Pacific region lost ground today. China’s Shenzhen, Hong Kong, and India were notable exceptions. The MSCI Asia Pacific Index is at its lowest level since June 2020. Europe’s Stoxx 600 is forging a base ahead of 4000 and is trading quietly with a small upside bias. The French stock market lagging after Mac…
US Holiday Facilitates Consolidative Tone US Holiday Facilitates Consolidative Tone Reviewed by Marc Chandler on June 20, 2022 Rating: 5
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With the Central Bank Pivots Discounted, Will the Forex Market Consolidate?

June 19, 2022
The dramatic moves in the money market were investors discounting the acceleration of the tightening cycle among the major economies. Japan is the outlier as the central bank clings to the idea that the rise in price pressures will not be sustained. Other central bankers can talk about being data dependent, but some data are more important than ot…
With the Central Bank Pivots Discounted, Will the Forex Market Consolidate? With the Central Bank Pivots Discounted, Will the Forex Market Consolidate? Reviewed by Marc Chandler on June 19, 2022 Rating: 5
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Too Much of a Good Thing

June 18, 2022
Forget the adage about measuring twice and cutting once. Aside from the Bank of Japan, major central banks are in a hurry to tighten financial conditions even as a cyclical slowdown weakens demand. The Federal Reserve's decision to hike by 75 bp instead of the 50 bp that it had previously guided investors and businesses to expect was primarily…
Too Much of a Good Thing Too Much of a Good Thing Reviewed by Marc Chandler on June 18, 2022 Rating: 5
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The Yen is Beaten Down after BOJ Stands Pat

June 17, 2022
Overview:  The large bourses in the Asia Pacific fell today after sharp losses in the US yesterday. China and Hong Kong were exception, posting more than 1% gains. The mainland markets closed higher on the week. Europe’s Stoxx 600 made a new low for the year before recovering. It is up a little more than 1% around midday. US futures are around 0.7…
The Yen is Beaten Down after BOJ Stands Pat The Yen is Beaten Down after BOJ Stands Pat Reviewed by Marc Chandler on June 17, 2022 Rating: 5
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