Money Clips

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

February 12-18, 2018

The Dollar Index remains supported at the 90 handle, while Treasury yields near important levels. Gold and crude oil pared some of their previous week’s declines. The key event to watch out for this week would be Wednesday’s US CPI numbers.

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February 12, 2018

Investors got a reprieve from the recent turmoil with Asian stocks recovering from their worst weekly rout since 2011 as volatility swept global markets. The dollar declined against most major peers, while oil and gold gained. However, investors are awaiting US CPI data out Wednesday with nervousness. Pressure on equities has been emanating from the Treasury market, where yields spiked to a 4-year high amid concern the Fed may accelerate its rate-hike schedule.

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February 8, 2018

Asian stocks fluctuated Thursday, while US equity-index futures slipped as investors assessed the implications of the recent market turmoil that has elevated volatility. The Dollar Index held above 90, while the 10yr yield maintained north of 2.80%. Gold and oil extended declines.  

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February 5, 2018

Asian equities fell and US stock futures headed lower, extending the biggest selloff for global stocks in 2 years as investors adjusted to a surge in global bond yields. The 10yr Treasury yield neared 2.87% after solid jobs data on Friday showed rising wages. Oil and gold extended declines.

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January 31, 2018

Asian stocks rebounded after two days of declines as yields on benchmark government bonds retreated from recent highs and US futures recovered from earlier losses. The dollar slipped after President Donald Trump’s delivered his first State of the Union speech in Washington.

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January 29, 2018

Asian equities climbed Monday, building on this year’s strong start that’s pushed the regional benchmark index to a record high as investors bet an expansion in corporate earnings won’t falter any time soon. Treasury yields extended a recent rise, while the dollar rebounded after 7 weeks of declines. Crude oil lingered near multi-year highs while gold declined back below $1,350/Oz.  

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January 26, 2018

Asian stocks came off record highs on Friday but were still poised to end the week with strong gains, while the battered dollar won back some ground after President Donald Trump said he wanted a strong US currency, contradicting comments made by Treasury Secretary Steven Mnuchin a day earlier. ECB President Draghi said economic data pointed to “solid and broad” growth with inflation likely to rise in the medium term from subdued levels.

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January 23, 2018

Asian stocks climbed to record highs Tuesday on optimism on corporate earnings and after the US government shutdown moved toward an end. The yen strengthened as the Bank of Japan kept its monetary stimulus unchanged as expected.

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January 18, 2018

Asian stocks took the lead from US equities, extending this year’s stellar run amid continued optimism for global growth. Treasuries held losses and the Dollar Index rebounded on speculation Congress will avert a government shutdown. The Bank of Canada hike rates, as expected, though it adopted a fairly dovish tone in its policy statement.

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