Money Clips

Our pragmatic assessment of global economic and financial market developments and how this affects our most pressing investment goals.

June 22, 2018

Asian stocks pared earlier losses to trade mixed amid ongoing concern global trade restrictions will curb growth. Declines in Japanese and Hong Kong equities were offset by advances in their Chinese and Korean counterparts. U.S. futures pointed to gains after the S&P 500 Index closed lower and the Dow Jones Industrial Average posted its eighth straight drop. The dollar steadied with Treasuries. West Texas oil rose above $66 as OPEC and its allies reached a preliminary agreement despite strong opposition from Iran to boost production.

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June 19, 2018

Asian stocks dropped alongside US equity futures after President Donald Trump threatened to slap tariffs on more Chinese goods. Safe haven assets such as gold, the Japanese yen and Treasuries climbed. The Australian dollar tumbled as commodity currencies weakened amid renewed concern over trade protectionism.

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June 14, 2018

Stocks in Asia followed US equities lower as the Federal Reserve struck a hawkish tone in its latest policy statement. The dollar maintained losses and Treasury yields stabilized after briefly touching 3%. China reported softer-than-anticipated economic indicators for May. With the Fed now out of the way, investors move on to the European Central Bank, which will decide rates on Thursday. While no change is expected, investors are bracing for news on a potential end to the region’s quantitative-easing program.

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June 12, 2018

The dollar jumped to a 3-week high on Tuesday while stock markets in Asia were mixed as an historic US-North Korea summit got underway in Singapore, raising some hopes it could pave the way to ending a nuclear stand-off on the Korean peninsula.

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June 8, 2018

Asian stocks traded lower Friday after a risk-off session in global markets where technology stocks retreated and Brazilian assets slumped. Treasury yields recovered some of Thursday’s decline. US benchmarks closed mixed overnight, with the Nasdaq 100 falling the most in 3 weeks. Traders had flocked to Treasuries, igniting gains that at one point pushed the 10yr yield down 9 basis points in a matter of minutes. The dollar fluctuated and the yen held gains.

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June 4, 2018

Asian shares rose to their highest in two-and-a-half-weeks on Monday as strong US jobs data offset worries that tariff wars between the US and the rest of the world could retard global economic growth. The US dollar and then yen weakened, together with gold, as demand for safe haven assets retreated.

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May 28, 2018

Asian stocks struggled for traction Monday with energy shares tumbling after oil extended its biggest drop in about a year. The euro rallied after Italy’s president rejected a candidate for finance minister who’s been sceptical of the single currency. South Korean stocks rose, as did US index futures, after President Donald Trump appeared to confirm that his June summit with North Korea’s Kim Jong Un was back on. The US dollar slipped against most peers.

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May 25, 2018

Asian shares were slightly weaker on Friday amid fragile market sentiment after US President Donald Trump called off a key summit with North Korea, though investor concerns were softened by expectations the two countries may still continue dialogue. The benchmark US 10yr Treasury yield lingered below the 3% mark while the Dollar Index erased its overnight decline. Gold held above $1,300/Oz while crude oil futures declined as OPEC and its allies are reported to be considering supply cuts.

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May 22, 2018

Asian stocks were mixed, failing to follow their US counterparts higher, as traders sought fresh leads amid an apparent easing in trade tensions. Index gains in Hong Kong, Singapore and Seoul were overshadowed by declines in Shanghai, Tokyo and Sydney. Crude oil futures topped $72.50/bbl, while gold held above a $1,280/Oz.

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