Money Clips

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

February 14, 2019

Asian stocks pared declines and US stock futures climbed after the US was said to be weighing postponing China tariffs for 60 days. The yen dipped ,the yuan advanced and share benchmarks came off their lows in Japan and Australia. Stocks slipped in Hong Kong and Korea. Mainland Chinese equities slipped after a rally on the Shanghai Composite Index from January lows hit 10%.

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February 12, 2019

Most Asian indices gained, following news of a deal among American lawmakers to avert another federal government shutdown. The US dollar held gains to trade near its strongest since January, while the yuan stabilized onshore after Monday’s drop, with US-China trade talks looming.

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January 30, 2019

Stocks in Asia struggled for traction on Wednesday as the earnings season rolled on and investors awaited the Fed’s policy meeting. The yuan climbed to the highest since July offshore as US-China trade talks get underway in Washington. Gains waned in American equity futures, having earlier been buoyed by Apple Inc.’s forecast that showed stability after a tough end to last year.

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January 24, 2019

Most Asian stocks traded higher Thursday as investors awaited fresh developments on US-China trade talks and signals on how deep the global economic slowdown will be. Investors continue to operate in a drought of data on the US economy thanks to the partial federal government shutdown. The 10yr US Treasury yield traded near 1-week lows. The S&P 500 Index closed with a small rise Wednesday.

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January 21, 2019

Asian stocks built on their January rally as investors demonstrated continued confidence that trade tensions ultimately will subside and policy makers will refrain from growth-damaging monetary tightening. Shares in Tokyo, Hong Kong and Sydney climbed after the S&P 500 Index hit its highest since early December on Friday.

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January 16, 2019

Asian equities fluctuated near6-week highs as investors assessed prospects for global policy makers to arrest a slowdown in growth. The pound and UK stock futures fluctuated, paring losses, in advance of a no-confidence vote in British Prime Minister Theresa May following the resounding defeat of her Brexit deal. Earlier, the S&P 500 Index climbed the most in a week following China’s plans for boosting spending through tax cuts. The 10yr Treasury yield held at 2.71%, while oil traded around $52/bbl in New York.

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January 7, 2019

Stocks across Asia kicked off the week with strong gains after dovish comments from Fed Chair Powell and an easing of monetary policy in China stoked a renewed appetite for risk assets. The Bloomberg Dollar Index fell to the lowest in more than 2 months and Treasuries steadied after Friday’s slide. US and Chinese officials will begin trade negotiations on Monday in the hope of reaching a deal during a 90-day truce.

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January 3, 2019

US stock futures fell and Asian shares wobbled on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth and weaker earnings. The yen surged and gold advanced as investors flocked to safe havens. Oil again slipped under $46/bbl as it pared a rally on the back of Saudi Arabia trimming exports.

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December 26, 2018

Global stock markets headed into the year-end under a heavy cloud after another rout this week as US political uncertainty added to heightened concerns over slowing global economic growth. Asian equities were shaky on Wednesday following a Christmas eve Wall Street plunge, as investors were unnerved by US political developments including a US federal government shutdown and President Donald Trump’s hostile stance toward Federal Reserve chairman Jerome Powell. 

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