“All this combines to suggest a volatile fourth quarter. Year-end themes remain elusive.”
“This might seem trite, but the scariest thing in today’s market is currency strength. No one wants it. No one can afford it.”
There will be blood.
“Its activity profile is unusual.”
Leader of the free world.
“…most likely you will get some Swiss franc support on the back of those results.”
To be sure, this looks like it will hit the euro in early trading. The single currency will likely knee-jerk lower against both the yen and the franc and you can expect to see a flight-to-safety bid in fixed income.
“To some extent the market’s resilience is justified; in other cases, however, it looks like a case of when rather than if potential shocks get priced in.”
“Global political developments have kept us on our toes and will continue to do so through the fall and into next year. Investors should brace for a bumpy ride.”
Ok, well this was an interesting week…
“…at the turn of the tide.”
“The indicator increased by 0.7 points, reaching a figure of 60.9 points. No better level has been recorded since reunification.”
“We think the timing would be good for investors too to remember to what they owe their improvement in fortunes”…
Well, the fallout from Friday’s blockbuster automaker collusion report continues for Daimler AG, Volkswagen, and BMW. You’ll recall that the bottom fell out on Friday after Spiegel magazine reported on potential antitrust collusion citing a 2016 Volkswagen document and referencing another from Daimler. That just added to existing jitters surrounding recalls of diesel vehicles. That story is spilling over into Monday as…
…when you combine that batshit crazy scenario with the new report on automaker collusion and a surging euro, what do you get? Well, you get the worst day for German equities this year.