Money Clips

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

August 13, 2018

Stocks slipped in Asia with the euro and emerging-market currencies, with safe haven assets such as Treasuries and the yen advancing, on continued turmoil in Turkey that’s sparked wider concern of potential market contagion. Worries intensified over Turkish President Tayyip Erdogan’s increasing control over the economy and deteriorating relations with the United States.

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July 24, 2018

Asian stocks climbed Tuesday as rising yields boost financial shares. The yuan tumbled to the lowest against the dollar in more than a year on further signs of a shift by China toward monetary expansion. Equities gained across the region, with the steepest advances in China and Hong Kong as Chinese assets came into focus after the government unveiled a package measures to boost domestic demand.

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July 20, 2018

Stocks in Asia largely pared earlier declines triggered by China weakening the yuan’s daily fixing by the most in more than 2 years. The shift came after a sudden paring in the yuan’s drop, which spurred speculation of some type of intervention. Futures on the S&P 500 Index were lower, after US stocks saw moderate losses Thursday. Treasuries were little changed.

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July 17, 2018

Asian equities were mixed Tuesday as investors assess whether corporate earnings can deliver on high expectations against a backdrop of trade tensions. Indices in Tokyo and Singapore gained, while equities in Shanghai, Hong Kong and Sydney traded lower. Treasuries and the dollar were steady ahead of testimony from Federal Reserve Chairman Jerome Powell.

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July 13, 2018

Asian shares were higher on Friday following gains on Wall Street overnight, as concerns over an escalating US trade war with China took a breather. The pound slipped on the latest woes from the Brexit quagmire, while the yen weakened to a 6-month low as demand for safe haven assets ebbed. Gold and crude oil lingered near recent lows.

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July 11, 2018

Stocks in Asia declined with US equity futures, industrial metals and China’s yuan after the Trump administration released the biggest list yet of Chinese goods it may hit with tariff increases, a move that China said will force it to retaliate. Treasury yields ticked higher while gold and oil slipped.

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July 6, 2018

Asian stocks traded mixed Friday as the US imposed tariffs on Chinese imports prompting a promise of retaliation. The dollar edged higher and Treasuries were little changed. Stocks in Japan and Korea rose while those in Hong Kong and China slipped. Shares in Singapore sank after the government unexpectedly tightened curbs on the property market.

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July 4, 2018

Asian stocks slipped toward the lowest level since October even as the yuan recovered from its recent decline, which had unsettled investors amid trade tensions and prompted verbal intervention from Chinese officials. The yen gained with gold, a sign that havens remain in demand. The greenback remained under pressure ahead of a US holiday Wednesday. Crude oil futures maintained above $74/bbl.

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June 27, 2018

Asian share markets were under stress on Wednesday as further falls in Chinese stocks and the yuan sent ripples across the region, while oil climbed as the United States leaned on allies to stop buying Iranian crude. The dollar eased while gold lingered near a 6-month low.

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