The first 100 days of the Trump administration has been a particularly exciting time for financial markets, primarily because many of Wall Street’s assumptions about how markets would react to the Republican’s purportedly pro-growth policies were way off base...
The euphoria that surrounded President Trump's tax plan announcement did not last long as, surprisingly, he failed to provide concrete policy details. After starting the day on the front foot, the US stock market reversed gains and pushed most indices into negative territory...
We are heading towards a structural shift that will profoundly change drivers in the FX market. However, we remain six months away from that reflection point...
The Australian dollar tumbled another 0.50% this morning amid disappointing first quarter inflation data. This report was the straw that broke the camel’s back as investors have been betting heavily on a pick-up in inflation that would have forced the RBA to revise its dovish stance...
The most interesting result of the French election vote was the collapse of volatility indicators globally. The VIX index declined -19% from 15.30 while EURUSD one-month implied volatility fell to 8.20 from 13.45. The JP Morgan G7 volatility index fell to 8...
On Tuesday, financial markets continued to digest the result of the first round of the French election but the focus is slowly shifting towards the US as Trump announced he will unveil his “phenomenal” tax reform and put it protectionist trade policy back on the drawing board...
US President Donald Trump had been talking about placing tariffs on Canadian timber and dairy forever; however no announcement (if any) was expected until next week. But overnight Trump unexpectedly imposed a tariff of up to 24% on Canadian wood exports...
Financial markets feared a second round between Jean-Luc Mélenchon and Marine Le Pen who was likely to trigger some volatility. Marine Le Pen’s final result below 22% is disappointing as she was expected in various polls to reach between 27% and 30...
Financial markets across the planet welcomed the result of the first round of the French election, with the qualification of Le Pen and Macron for the second round. European equities rallied massively this morning with the CAC 40 jumping 3.40...
Fed Vice Chairman Stanley Fischer believes changes that PresidentDonald Trump is exploring on bank regulations could pose a serious threat to the financial system...
Goldman Sachs wants to be more transparent in how it rates its employees, according to a new report. The investment bank plans to roll out a new review system, in which employees will receive continual feedback from managers and peers,The Wall Street Journal reported on Friday...
Oil prices tumbled more than 2 percent on Friday, notching the biggest weekly decline in more than a month on mounting evidence that U.S. production and inventory growth were offsetting OPEC's attempts to reduce the global crude glut. Brent futures <LCOc1> settled at $51...
Official figures are suggesting Shanghai is now the world's largest international trading city due to the government's measures to encourage and upgrade trade. Imports and exports through the city's ports were nearly 6.9 trillion yuan last year, accounting for 28...
Donald Trump’s stunning policy reversal on China’scurrency this week shone a light on theadministration’s contradictory views on foreignexchange, and risks expos ing the president to apolitical backlash over abandoned campaignpromises, analysts say...
World finance leaders on Thursday defended globalization against an assault from President Donald Trump and European populists. They argued that blocking free trade would hobble economic growth instead of saving jobs from foreign competition...
In a White House marked by infighting, top economic aide Gary Cohn, a Democrat and formerGoldman Sachsbanker, is muscling aside some of PresidentDonald Trump'shard-right advisers to push more moderate, business-friendly economic policies...
Berkshire Hathaway is dumping 9 million shares of Wells Fargo worth around $480 million in order to get around possible Federal Reserve regulations. Warren Buffett's company owned more than 10% of the bank after Wells repurchased a large chunk of its shares in 2016...
* Dollar falls across the board after Trump comments * Dollar index hits lowest since March 30 * Dollar hits new lows vs yen, Swiss franc (Recasts throughout following Trump commments) NEW YORK, April 12 (Reuters) - The dollar fell broadly on Wednesday after U.S...
President Donald Trump backtracked on a handful of major issues Wednesday, from his opinion of the North Atlantic Treaty Organization to the status of Fed Chair Janet Yellen, adding to markets' anxietiesand prompting swift criticism by a top Democrat...
