Tag Archives: Hong Kong

The stock market hasn’t been moneyed; well, US equities, anyway. What do I mean by “moneyed?” Common perceptions (myth) link the Federal Reserve’s so-called money printing (bank reserves) with share prices. Everyone still thinks there’s a direct monetary injection in this case by the central monetary agency which causes stocks to rise for no good reason. While we don’t have to argue the Fed’s bank reserves here, the truth of the matter is stocks have been severed...

The month of February 2022, the calm before the latest storm. Russians went into Ukraine toward the month’s end, collateral shortage became scarcity, maybe a run right at February’s final day, and then serious escalations all throughout March – right down to pure US Treasury yield curve inversion. Given that setup, it was unsurprising to find Treasury’s February TIC data mostly unremarkable. Top to bottom, there wasn’t really much that changed. No huge negatives,...

Swiss Franc The Euro has risen by 0.21% to 1.1018 EUR/CHF and USD/CHF, February 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The sharp recovery in US shares yesterday that saw the S&P 500 snap a five-day slide failed to carry into Asia Pacific trading earlier today. All the markets fell save India and Singapore. Losses were led by a 3% drop in Hong Kong as the first increase in the stamp duty...

Swiss Franc The Euro has risen by 0.12% to 1.0664 EUR/CHF and USD/CHF, June 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors begin the new week, perhaps slowed a bit by the weekend developments and the growth of new infections. Equities are mixed. The MSCI Asia Pacific Index snapped a four-day advance, though India bucked the regional trend and gained 1%. Europe’s Dow Jones Stoxx 600 is recovering...

Swiss Franc The Euro has risen by 0.60% to 1.076 EUR/CHF and USD/CHF, June 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Liquidity trumps everything else. US equities shrugged off the national guard being called into action in nearly a third of US states, and the S&P 500 closed yesterday at nearly three-month highs. Asia Pacific markets followed suit.  Most markets in the region rose by more than 1%. The...

Swiss Franc The Euro has risen by 0.15% to 1.0689 EUR/CHF and USD/CHF, June 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US stocks extended their gains ahead of the weekend after President Trump shied away from specific actions against China-Hong Kong, and today Hong Kong shares recovered smartly from last week’s 3.6% slide. The Hang Seng rose 3.3% today, and the Shanghai Composite gained over 2%. All the...

Swiss Franc The Euro has risen by 0.30% to 1.0709 EUR/CHF and USD/CHF, May 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  The announcement that President Trump will hold a press conference on China later today rattled investors yesterday after they had earlier shrugged off the escalation of tension between the US and China to take the S&P 500 up to its highest level in nearly three months.  The S&P...

Swiss Franc The Euro has risen by 0.30% to 1.0686 EUR/CHF and USD/CHF, May 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US Secretary of State’s announcement that the autonomy of Hong Kong could no longer be affirmed did not derail the rally in US equities. However, the threat of an executive order against social media companies may be discouraging follow-through buying, leaving US equities little...

Swiss Franc The Euro has risen by 0.63% to 1.0667 EUR/CHF and USD/CHF, May 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 gapped higher yesterday, above the recent ceiling and above the 200-day moving average for the first time since early March. The momentum faltered, and it finished below the opening level and near session lows. The spill-over into today’s activity has been minor. The...

Swiss Franc The Euro has risen by 0.05% to 1.0599 EUR/CHF and USD/CHF, May 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The heightened tensions between the US and China sapped risk-appetites before the weekend, but appear to be missing in action today. Equity markets have rebounded strongly. Nearly all the equity markets in the Asia Pacific region rose (India was a laggard) led by an almost 3% rally in...