Tag Archives: 4.) Marc to Market

Swiss Franc The Euro has risen by 0.52% to 1.0944 EUR/CHF and USD/CHF, September 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The improvement of investor sentiment seen last week is carrying over into the start of the new weeks. Global equities are firm as are benchmark yields. Asia Pacific equities advanced, except in Hong Kong, where Chief Executive Lam’s promise to formally withdraw the controversial...

The step away from the edge of the abyss may have stirred the animal spirits, but it remains precarious at best. The formal withdrawal of the extradition bill in Hong Kong is too late and too little at this juncture. The ambitions of the protests have evolved well beyond that. Italy has a new government, but a prolonged honeymoon is unlikely for this unlikely union. Face-to-face talks between the US and China are better than no talks but hardly indicates an end to...

Swiss Franc The Euro has risen by 0.79% to 1.0905 EUR/CHF and USD/CHF, September 06(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors hope that the world took a step away from the abyss in recent days. Developments in Hong Kong, US-China talking, a political and economic crisis in Italy appears to have been averted, and a risk of a no-deal Brexit has lessened. Asia Pacific equities closed the week...

Swiss Franc The Euro has risen by 0.79% to 1.0905 EUR/CHF and USD/CHF, September 05(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Dollar Index fell the most in three months yesterday and is experiencing mild follow-through selling today. With hopes that Hong Kong has turned a corner, news that in-person US-China talks will resume next month, and a no-deal Brexit is well on the way to being averted,...

Swiss Franc The Euro has risen by 0.09% to 1.0835 EUR/CHF and USD/CHF, September 04(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Risk appetites have been bolstered by three developments. The UK appears to have taken a tentative step away from leaving the EU without a deal. Hong Kong’s Chief Executive Lam has agreed to formally withdraw the controversial extradition measure that had been suspended. The...

Swiss Franc The Euro has fallen by 0.29% to 1.0831 EUR/CHF and USD/CHF, September 03(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A showdown between UK Prime Minister Johnson and Parliament over Brexit pushed sterling below $1.20. The euro is extended its losses after finishing last week below $1.10. Growth concerns are seeing equities retreat. Japanese and Chinese shares managed to eke out gains, but...

Markets in the US and Canada were closed on Monday for national Labor Day holidays. Here is a succinct summary of key developments that will set the backdrop for Tuesday. 1. On September 1, the new round of tariffs in the US-China fight took effect. The US placed a 15% tariff on around 3000 Chinese goods that thus far had escaped action. China put a 10% level on 1700 US goods. No date has been given for the next round of face-to-face talks that were expected this...

Three forces are shaping the investment climate. The US-China trade conflict escalates at the start of September as both will raise tariffs on each other’s goods and are threatening another round in mid-December (US 25% tariffs on $250 of Chinese imports will increase to 30% on October 1). Some third parties may benefit from the re-casting of supply chains, but the first impact is understood to weaken growth impulses. That is aggravating the slowdown already evident...

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...