The pandemic has served to synchronize business cycles. In the first instance, it was a body blow to economies. After the first shock, it was a question of containing the outbreaks, ensuring the financial markets and bank functions have normalized to facility the economic recovery. It appears March and April were the worst and that …
Overview: The S&P 500’s longest advance this year was stopped seemingly as concern that the flare-up in the virus will slow the recovery. The sell-off in airlines and hotels helped spur a broader bout of profit-taking. Most Asia Pacific bourses advanced, led by the continued rally in Hong Kong and China. Europe’s Dow Jones Stoxx …
Overview: After several days of aggressive risk-taking, investors are pausing ahead of the ECB meeting. Equities were mostly higher in the Asia Pacific region, though China was mixed, and Indian shares slipped. Europe’s Dow Jones Stoxx 600 is snapping a five-day advance, and US shares are trading with a heavier bias. The S&P 500 gapped higher …
Overview: Two recent trends continue. Equities are moving higher, and the dollar remains heavy. Equity markets in the Asia Pacific region rose at least one percent, and South Korea, Singapore, and Malaysia rallied 2-3%. Europe’s Dow Jones Stoxx 600 is up more than 1% for the third consecutive session. US shares are trading higher and are …
The boldness and persistence of the demonstrators in Hong Kong have captured the attention of the world. China has shown more restraint arguably than others would have demonstrated. So far it offers a stark contrast to Macron’s response to the “Yellow Vest Movement” (des gilets jauner) in France, for example. However, the last act in …
The Hong Kong Dollar and the Goose that Laid the Golden Egg Read More »