Money Clips

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

August 22, 2017

Asian equities rose amid low trading volumes as investors reassessed positions ahead of a key meeting of central bankers in Jackson Hole this week. The US dollar and crude oil held onto overnight losses, while gold pared most of its advance earlier today.

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August 21, 2017

Asian equities were largely mixed as investors monitored war drills scheduled for the Korean peninsula and prepared for a key meeting of global central bankers. Benchmarks in Tokyo, Seoul and Sydney fell amid thin trading volumes, while they rose in Hong Kong, Singapore and Shanghai. Oil held gains following its rally on Friday.

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August 18, 2017

Asian stocks remained in the red following a terrorist attack in Spain, coupled with political uncertainty mounting in the US as speculation mounted Gary Cohn, the White House’s economic advisor, might resign. Safe haven assets such as gold and the yen maintained gains.

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August 17, 2017

European stocks slipped after a mixed Asian session, while government bonds followed Treasuries higher as investors continued to digest the reduced odds of another US interest-rate hike later this year. The US dollar maintained near overnight lows while gold neared a 2-month high.

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August 16, 2017

Asian equities were mixed on Wednesday, as index gains in Tokyo, Hong Kong and Seoul were contrasted by declines in Shanghai, Sydney and Singapore. The US dollar continued to gain in strength, on the back of better-than-expected retail sales numbers. Treasuries sank overnight ahead of the release of the Fed’s latest meeting minutes due later today.

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August 15, 2017

Asian equities extended gains and volatility receded as the prospect of war between the US and North Korea cooled. Safe haven assets such as gold, Treasuries and the yen fell. Fed official William Dudley signalled another rate hike this year is on the cards and suggested the central bank will announce its taper plans next month

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August 14, 2017

Most Asian stocks rebounded today after worry emanating from an escalation of tensions between the US and North Korea showed signs of easing. Safe haven assets such as the yen and gold pared gains from Friday. US inflation data released last Friday was weaker than expected. Economic data from China today disappointed, however Japan’s second-quarter GDP growth topped estimates.

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August 11, 2017

Stocks tumbled in Asia, following a US slump overnight, as investors headed for havens after US President Trump dialled up his warning to North Korea on threats to American allies. Safe haven assets such as the yen, US Treasuries and gold rallied.

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August 10, 2017

Asian stocks reversed earlier gains as investors continued to take risks off the table even as American officials tried to ease concerns amid an escalation in tensions between the US and North Korea. The US dollar gained while crude oil futures maintained near Wednesday’s highs. Gold, a traditional safe haven asset, rallied overnight to a 7-week high.

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