(11 JANUARY 2019)DAILY MARKET BRIEF 1:Asian shares marking weekly gains as trade talks will continue
Asian markets have been closing in positive territory as US and Chinese mid-level officials closed a three-day session in Beijing in good, progressing ways. Investors gained confidence as trade talks are expected to extend, with the advent of China Vice Premier Liu He in Washington in January...
Stock markets are on the ‘wall of worry’ over various events. After initial excitement that US and Chinese representatives talked trade for three days, the lack of apparent progress and the silence from the participants are pushing investors towards caution. Has a truce been reached...
Equities are rallying on optimism that the US-China trade dispute might be resolved. A scheduled two days of negotiation was extended by a third day, suggesting things are going well...
Britain’s parliament is back from holiday, and next week the House of Commons is expected to debate and vote on the European Union Withdrawal Agreement...
The State Secretariat for Economic Affairs (SECO) has revised Switzerland’s economic forecast downward: GDP growth eased to 2.6% in 2018 (estimated 2.9% in September), while in 2019 the economy should expand 1.5% (estimated 2% in September...
Asian shares roared, after the People’s Bank of China (PBoC) announced on Friday plans to cut its reserve requirement ratio by 1%, with a reduction of 50 basis point on 15 and 25 January respectively, the first decrease since October 2018...
Equities are under pressure Friday, as concerns over Sino-American trade tensions, a US government shutdown (due Friday midnight local time), recent Fed rate hikes and reports of Chinese officials hacking the US are scaring investors. Oil prices are also absorbed in the downward spiral...
President Trump’s policy both in trade and foreign relations will hyper-drive China into a global superpower. The US-China relationship will remain fundamental to global equilibrium: if it crashes, the global economy would freefall and destroy asset valuations...
The Bank of England has no choice today but to maintain its monetary policy rate, unchanged since August 2018. Following the vote of no confidence from last Tuesday and convincing talks with the EU relating to the Irish backstop, the BoE will not move...
The US Federal Reserve Bank yesterday lifted interest rates for the fourth time this year, but Chairman Jerome Powell suggested the pace of increase could slow down significantly in 2019...
Andrew Barnett - Founding Partner LTG GoldRock: "The US Dollar has risen sharply following the US Federal Reserve’s December statement that confirmed it has put the official cash rate up another 0.25% to 2.5% and it expects to put rates up another two times in 2019...
Facing the hardest contraction in four years during the third quarter of 2018, the Japanese economy is facing difficulties amid a weakening business outlook. Recently, the Japanese cabinet has been revising its growth forecast for the economy to the downside for 2018 and 2019 to 0.90% and 1...
Here we are, the last FOMC meeting of the year. According to the latest Bloomberg survey, the Federal Reserve is expected to lift short-term interest rates by another 25bps - which would bring the target band up to 2.25%-2.50% - to the highest level since March 2008...
Oil prices are back below their level at the OPEC + meeting. Brent Crude and WTI are currently trading at 58.66 and 49.09 respectively, approaching 58.10 and 48.50 short-term...
Cryptos rallied sharply on Monday, as many investors believe this is the end of the bear market. Bitcoin recovered from a 15-month low, jumping from around USD 3,200 to USD 3,583. Ethereum surged 15% to $96, while EOS rose almost 30% in less than 24 hours to hit $2.54...
Asian shares rose on Monday ahead of the US Federal Reserve Bank and Bank of England monetary policy meetings and China’s Central Economic Work Conference, where 2019 growth targets and policy goals will be mentioned...
Next year will see global deceleration and decline of the USD. To weaken the current strength of the greenback, there will be two critical inputs: the US Federal Reserve Bank will hike rates this week and again in 2019; the European Central Bank will shift bias further towards normalization...
The Australian and New Zealand dollar plunged on heavy selling pressures amid disappointing economic data from China. The Aussie fell almost 1% to 0.7160 against the greenback, the lowest level since early November, while the Kiwie gave up more 1.10% as it reached $0.6780...
Japan’s Q3 GDP fell 2.50%, its hardest contraction since June 2014. A sharp drop in October’s current account balance supported the gloomy picture. The Bank of Japan’s Q4 Tankan data confirms that business is heading downward...
