Money Clips

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

October 17, 2017

Stocks in Asia paused near recent highs as concerns about North Korea re-emerged, Gold fell with Treasuries as speculation climbed that the next head of the Federal Reserve will be more hawkish.

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October 16, 2017

Stocks in Asia advanced with bonds after inflation data in the US added to evidence that global growth is continuing steadily with limited prices pressures in the US economy. Friday’s data bolstered the view that sluggish US inflation may be structural rather than transitory, prompting traders to reduce slightly the odds of a year-end rate-hike. Gold topped $1,300, while Treasury yields futures lingered near October-lows.

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October 13, 2017

The US dollar and Treasury yields are poised to end 4 consecutive weeks of gains following cautious sentiment amongst Fed officials regarding another 2017-rate hike, as reflected in the FOMC’s September meeting minutes released Wednesday. Asian equities were mostly firmer despite the S&P 500 Index edging lower. Gold remained capped below the $1,300/Oz resistance, while crude oil maintained above $50/bbl

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October 12, 2017

The US dollar weakened after the September’s FOMC meeting minutes showed a dovish slant when officials debated over the transitory nature of recent low inflation.  Asian equities gained after US stocks hit fresh record highs.Treasury yields declined, while gold rose to a 2-week high. 

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October 11, 2017

Asian indices reached decade highs, taking the lead from US equities which had climbed to record levels overnight. The euro gained after Catalonia’s president stopped short of declaring the region’s independence from Spain. The US dollar fluctuated near overnight lows, as investors await minutes from the Fed’s latest meeting, due tonight.

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October 10, 2017

Stocks were mixed on Tuesday as Japan and South Korea reopened, while Treasury yields were steady as trading recommenced after holidays. The dollar declined and Turkey’s lira maintained losses after a shock drop on Monday that stood out in global markets.

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October 9, 2017

Asian equities largely gained across the board. China markets resumed following a week-long national holiday. The US dollar opened the week lower today, following 4 consecutive weekly gains, while gold rose to 1-week high amid renewed geopolitical concerns over the weekend. Investors will be keeping an eye out for the FOMC’s latest meeting’s minutes this week. 

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