China’s stimulus policies mitigate the risks of trade-related setbacks
China’s country risk score improved in Euromoney’s survey during the first half of 2018 by 1.6 points to cement its position in 42nd place out of 186 countries in the global rankings. That puts China close to Italy and Malaysia...
Sterling Volatile on Brexit Jitters, Yen Lower as Chinese Stocks Lead Asian Rebound
Yen trades broadly lower today, followed by Dollar, as Asian markets recovered broadly. China’s Shanghai SSE composite leads the way by gaining 1.9% and breaches 2800 handle. It looks like some solid support was obtained between 2016 low at 2638...
BOC Preview – Rate Hike Fully Priced In, Data and Trade with US Continue to Guide Future Path
Since the BOC meeting in May, at which the policymakers removed the “cautious” rhetoric, the market has been raising its bet on a July rate hike. As of today, the market has priced in over 90% chance of a +25...
For The USD, It’s All About This Week’s CPI
For the USD, it’s all about this week’s CPI. Markets dismissed the opening salvo of the US -Sino trade war as dated news. However, after another Goldilocks NFP, US stock markets traded positively in the green while the US dollar...
Shares of Chinese smartphone maker Xiaomi stumble on their debut, slipping as much as 6%
Shares of Chinese smartphone maker Xiaomi stumbled on their debut in Hong Kong on Monday, opening for trade down more than 2 percent and slipping as much as 5.88 percent during the session. That came after a disappointing pricing and...
LeBron James brings more than NBA championships — he has a track record of boosting local economies
Cleveland has more than one reason to mourn LeBron James’ departure from the Cavaliers. While losing the four-time MVP could hurt its chances at another NBA trophy, it also could also dampen what’s currently a bustling economy around the Quicken...
Investment banks in 2Q18, part 1: group and CIB
First, a graph. There will be lots of these. In summary, PBT growth driven by lower costs more than by higher revenues, those costs proving harder to cut in CIB divisions than elsewhere, DCM sort of flat, advisory up a...
US, European and Asian Markets Reacted Differently to Start of US-China Trade War
The global markets reacted rather differently as the US-China trade war formally started while there were only signs of further escalations. Over the week, NASDAQ was a star performer and rose 2.37% to 7510.30. S&P 500 rose in tandem by...
Weekly Economic and Financial Commentary: All Signs Point to Stronger Second Quarter GDP Growth
U.S. Review All Signs Point to Stronger Second Quarter GDP Growth Employers added 213,000 new jobs in June. The unemployment rate ticked up to 4.0 percent on an increase in labor force participation. Average hourly earnings grew 0.2 percent in...
The Weekly Bottom Line: China Tariffs Likely to Impede Economic Momentum
U.S. Highlights A holiday-shortened week was nevertheless chock-full of data releases that confirmed the U.S. economy continues to expand at a strong above-trend pace. Economic activity remains robust, but there are signs that trade uncertainty may be impeding further improvement....
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