Money Clips

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

October 15, 2018

Last Friday’s rebound in global equities failed to gain traction today, with equity indices in Asia falling across the board. Treasuries nudged higher amid the cautious tone in markets, with the yield on the 10yr benchmark slipping to 3.15%. The yen pushed higher alongside gold prices. Oil climbed amid rising tensions between the US and Saudi Arabia over a missing journalist. The pound slipped as Brexit deal hung in the balance with just days to go until a critical deadline.

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October 12, 2018

The biggest sell-off in global stocks since February showed signs of easing up on Friday, with some Asian equity markets showing gains and US stock futures climbing. US Treasury yields ticked higher, while the yuan retreated after a weaker-than-forecast daily fixing.

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October 8, 2018

Asian stocks slipped, led by China, and the yuan fell as investors assessed the latest move by the People’s Bank of China to loosen monetary policy. Chinese shares bore the brunt of selling as traders returned from a week-long holiday that encompassed the rout in Treasuries. Equities from Sydney to Shanghai sank, while Japan was shut for a holiday, and Columbus Day in the US means no Treasuries trade on Monday. US stocks on Friday capped the worst week in a month.

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October 5, 2018

Asian stocks rounded out a tough week with a further sell-off Friday as technology companies in the region were roiled after Bloomberg’s report that China infiltrated US companies with hardware hacks. 10-year Treasury yields held near seven-year highs before the American payrolls report, due out tonight. The dollar was little changed, heading for a second straight weekly rise.

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October 1, 2018

Asian stocks saw a mixed start to the final quarter of the year in holiday-thinned trading. Volumes were below normal in a number of markets, with Labor Day in Australia, Hong Kong shut and China out through Oct. 7.US equity futures, Canada’s dollar and Mexico’s peso all climbed on reports that American and Canadian negotiators have reached a Nafta trade deal. The USD strengthened, while 10yr Treasury yields ticked higher.

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September 27, 2018

Asian stocks fluctuated Thursday as investors assessed commentary from the Federal Reserve that reaffirmed the US economy is strong enough to warrant another interest-rate increase by the end of this year. The dollar ticked higher as Treasuries steadied.

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September 19, 2018

Asian stocks rose across the board and long-term US Treasury yields hovered near 4-month highs on Wednesday with investors looking past the latest escalation in the US-China trade feud, seen by some market participants as less severe than expected. The US dollar remained steady while the yuan gained after China’s Premier Li said he won’t let the currency devalue to stimulate exports.

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September 17, 2018

Stocks in Asia tumbled at the beginning of the week after the latest US move to place a further tranche of tariffs on Chinese goods. The dollar maintained gains. Shares in Hong Kong and China led declines, after news that US President Donald Trump instructed aides to proceed with tariffs on about $200 billion more in Chinese products. 

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September 14, 2018

Most Asian indices extended rallies after their recent battering drove valuations to a 2-year low, following a technology-supported advance in US equities. The USD held declines after US inflation unexpectedly cooled in August. With the dollar heading for its biggest weekly loss since February, prospects for US-China trade talks and action by Turkey to support its currency, it all made for a largely positive tone Friday.

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