Tag Archives: 4.) Marc to Market

Equity markets and the US dollar closed last week and August on a firm note. Ahead of the weekend, the dollar rose to new highs for the year against the euro, Swedish krona, Norwegian krone, and the New Zealand dollar. While the next set of US and Chinese tariffs start September 1, the market is making the most of the lull. At the same time, US and Chinese officials probe each other to see if sufficient disruption has been felt to force concessions. Talking and...

Swiss Franc The Euro has fallen by 0.03% to 1.0903 EUR/CHF and USD/CHF, August 30(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are advancing at least in part on ideas that trade tensions are easing. China announced it would not take immediate action on the five percentage point increase in levies that the US announced strictly in response to China’s retaliatory tariffs. A lull between...

Swiss Franc The Euro has risen by 0.14% to 1.0887 EUR/CHF and USD/CHF, August 29(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are calm today, though there does seem to be some optimism creeping back into the market. The Chinese yuan strengthened, snapping a ten-day slide and Italian bank shares index has risen by more than 1% for the fourth consecutive session. The safe-haven yen and...

Swiss Franc The Euro has fallen to 1.0872 or by 0.09%. EUR/CHF and USD/CHF, August 28(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets have turned quiet. There have been no more headline bombs about trade, and China set the dollar’s reference rate much lower than projected. Asia Pacific equities were mixed. Hong Kong, China, India, and Singapore were on the downside, while Taiwan,...

Swiss Franc The Euro has risen by 0.44% to 1.0912 EUR/CHF and USD/CHF, August 27(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Hope triumphed over realism yesterday, and realism is fighting back toward. Asia Pacific markets, however, traded on the echo from the recovery in North America on Monday. The MSCI Asia Pacific recouped part of yesterday’s drop, led by Chinese markets. Hong Kong was the main...

Swiss Franc The Euro has risen by 0.11% to 1.0873 EUR/CHF and USD/CHF, August 26(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The anticipated growth implications of the heightened tensions between the world’s two largest economies is dominating activity at the start of the new week. These considerations that drove the 2.6% drop in the S&P 500 before the weekend is carrying over into today’s...

It’s the last week of August. Several economic reports will be released in the coming days. They include the US deflator of consumer expenditures that the Federal Reserve targets, China’s PMI, and the eurozone’s preliminary August CPI. It is not that the data do not matter, but investors realize the die is cast. They are looking further afield. The next US tax increase on Chinese imports goes into effect on September 1, and Beijing has threatened to retaliate. The...

A Bloomberg article about the weekend G7 meeting says, “multilateralism is dead.”  An op-ed in the Financial Times suggests that the most important political alliance may be “rejuvenated” at the G7 meeting.  The truth is likely found somewhere in between.  Economic nationalism, personalities of (some) of the leaders are not conducive to deepening or broadening cooperation among the leading market economies.  At the same time, the G7 is an expression of...

Swiss Franc The Euro has fallen by 0.07% to 1.0887 EUR/CHF and USD/CHF, August 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Powell speech at Jackson Hole stands before the weekend. Equities in Asia and Europe are finishing the week on a firm tone. Most markets in the Asia Pacific region closed higher today, and the MSCI Asia Pacific Index snapped a four-week slide. European bourses are edging higher, and...

Swiss Franc The Euro has risen by 0.17% to 1.0905 EUR/CHF and USD/CHF, August 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Soft data in Asia and the continued decline in the yuan (six days and counting) prevented Asian equities from following the US lead from yesterday when the S&P 500 advanced by 0.8%. European shares are paring yesterday’s 1.2% advance despite an unexpected gain in the EMU flash PMI....