“There’s nervousness in the market but whether or not we’ll see panic will depend on whether there’s further escalation. Investors have a case to be worried but whether the worry will turn into something more serious we need to see what develops on the political front.”
It’s Friday and God said, “let there be data: and there was data.” Let’s start
“They may be eager to keep the onshore yuan quarter-close to near 6.8 per dollar. The quarter-end rate may be an important indicator for foreign central bank reserve managers to consider adding the yuan as assets.”
““There’s still belief that authorities are trying to maintain the stock market at a certain level and don’t want to see a very low close.”
“In an age of “radical uncertainty†how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers?”
“The end game (full inclusion) could see inflows reach nearly a half trillion”…
MSCI WILL INCLUDE CHINA A SHRS IN MSCI EMERGING MARKETS INDEX
It’s watered down. But it’s still important.
It’s about Dudley for the dollar which rose to a three-week high versus the yen
Yesterday, we suggested that the most important question wasn’t whether the Fed would put a
“People have said they have quite enough of austerity politics. The PM called this election because she wanted a mandate. Well, the mandate she’s got is lost Conservative seats, lost votes, lost support and lost confidence.”
It’s “Super Thursday” and although the real fireworks (if there are any) aren’t set to
Well, the Nikkei crossed 20,000 for the first time since 2015 overnight. And really, why
The PBoC has spoken and markets, at least for the time being, have listened. Coming
“Stuck between a rock and a hard place, China is likely to strengthen the yuan in order to lure foreign capital as the liquidity lifeline.”
It’s all fun and games until someone gets downgraded. So last night, Moody’s handed China
“Something is wrong. Really, really, wrong.
It’s Monday. Hell yeah! Let’s start in China, because… well… because where else, right? We
Yeah, so it turns out that exiting the European Union is probably going to be
“Despite the 16 weeks of inflows into EM debt, positioning is not that extreme, as investors have been reducing risk in last few days ahead of binary events. Market participants agree that valuations are stretched but carry seems to be the only game in town.”
“Credit supply restraint isn’t showing up in the numbers,” said George Magnus, an associate at the University of Oxford China Centre and former senior adviser for UBS Group AG. “Credit creation is still running way too fast.”
“This was inevitable at some point. Removing market- supportive measures is a good indication that the recovery in the U.S. is on track.” Whatever you say…
Thursday morning chart challenge…
Welcome to the first week of the rest of your life. By now you all
Given the distinct possibility that global trade and commerce is about to be completely upended by an unhinged real estate developer with delusions of grandeur and his cabinet of billionaires, it isn’t any wonder that when Goldman asked fund managers what they were concerned about, geopolitics and global trade topped the list.
It feels quiet out there on Thursday morning. On Wednesday, a fairly potent one-two punch
Traders put the brakes on the flight to safety bid on Wednesday as gold and the
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