Tag Archives: China

I should know better than to make declarative all-or-none statements like this. I said there isn’t any data which comports with the idea of a global turnaround, this shakeup in sentiment which since early September has gone right from one extreme to the other. Recession fears predominated in summer only to be (rather easily) replaced by near euphoria (again). Narrative yes, sentiment maybe, data nope. The vast majority of the economic accounts, anyway. There are a...

Swiss Franc The Euro has fallen by 0.18% to 1.0744 EUR/CHF and USD/CHF, January 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that US tariffs on China will remain until through at least the November US election and continued US attempts to stymie China (e.g., more curbs on Huawei under consideration and stepped up efforts to force it to cut subsidies to business) have taken some momentum from the push...

Swiss Franc The Euro has fallen by 0.37% to 1.0767 EUR/CHF and USD/CHF, January 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The leaked US decision to lift the currency manipulator designation on China was the latest fodder fueling the new record highs in the S&P 500. The risk-taking appetite helped extend the rally in the MSCI Asia Pacific Index for the fourth consecutive session. Europe’s Dow Jones...

Swiss Franc The Euro has fallen by 0.08% to 1.080 EUR/CHF and USD/CHF, January 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There are two big stories today. The first is the large scale protests in Iran after the government admits to accidentally shooting down the commercial airliner amid the fog of war. The market impact seems minimal but fueling speculation that this, coupled with the economic hardship...

I’m going to go back to Mexico for the third day in a row. First it was imports (meaning Mexico’s exports) then automobile manufacturing and now Industrial Production. I’ll probably come back to this tomorrow when INEGI updates that last number for November 2019. For now, through October will do just fine, especially in light of where automobile production is headed (ICYMI, off the bottom of the charts). Mexico is, as I’ve been writing this week, the presumed...

Swiss Franc The Euro has fallen by 0.07% to 1.0804 EUR/CHF and USD/CHF, January 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 recovered from a 10-day low to reach a new record high, which set the tone for the Asia Pacific and European markets today. The MSCI Asia Pacific Index jumped by the most in a month with the Nikkei’s 2% advance leading the way.  More broadly, the markets in Taiwan,...

When I write that there are no winners around the world, what I mean is more comprehensive than just the trade wars. On that one narrow account, of course there are winners and losers. The Chinese are big losers, as the Census Bureau numbers plainly show (as well as China’s own). But even the winners of the trade wars find themselves wondering where all the spoils are. They may be winners because of it but somehow they all still end up in the losing column. Late...

Swiss Franc The Euro has fallen by 0.10% to 1.0827 EUR/CHF and USD/CHF, January 7(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Without fresh escalation, investors cannot maintain a heightened sense of geopolitical anxiety. The recovery of US shares yesterday set the tone for today’s rebound in Asia and Europe. All the equity markets in the Asia Pacific region rallied today, led by a 1.6% rally in Japan and a...

Wo in den 2020er Jahren die grössten Risiken für die Weltwirtschaft lauern. China und die USA dürften in Zukunft öfter aneinandergeraten: Militärparade in Peking am 1. Oktober 2019. Foto: Kevin Frayer (Getty Images) Die Wirtschaftsprognosen für das neu begonnene Jahr sind zwar nicht berauschend, aber eine Rezession droht gemäss den Vorhersagen nicht. Und ein schwächeres Wachstum wirke sich kaum auf die Arbeitsmärkte aus. Mehr Anlass zur Sorge geben aber eine Reihe...

Swiss Franc The Euro has fallen by 0.06% to 1.0851 EUR/CHF and USD/CHF, January 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets have yet to stabilize amid heightened geopolitical tension. Even though the US stock market finished last week off its lows, the sell-off continued in the Asia Pacific region. Japan’s markets re-opened after an extended holiday, and the yen, at three-month...