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China’s Central Bank to the Rescue

February 4, 2020

Stock markets around the world rebounded sharply after the People’s Bank of China ease its monetary stance to counter the growth impact of the coronavirus epidemic, where cases now exceed 20k and include over 425 deaths. The PBOC on Monday reverse repo rates by 10 basis points and injected CNY 1.2 trillion of liquidity. That […] More

Little Happening in Markets on this U.S. Holiday

January 20, 2020

U.S. markets will be closed today for Martin Luther King Jr’s birthday. In the absence of U.S. leadership, the dollar has been mostly steady, with no net change against the yen, loonie, or peso, overnight upticks of 0.2% against the renminbi, kiwi, Aussie dollar and sterling, a 0.1% relative to the euro and a 0.1% […] More

Most Stock Markets Head Back Lower

February 1, 2016

Share prices fell 1.8% in China, 1.0% in Singapore, 0.4% in Hong Kong and 0.2% in India.  European equities are so far down 1.1% in Germany, France, and the U.K., 0.8% in Italy a and 0.3% in Switzerland and Spain.  Stocks rose 2.0% in Japan, 0.8% in Australia and 0.7% in South Korea. Ten-year sovereign […] More

Fresh Risk Aversion

January 4, 2012

The German Dax and Paris Cac have declined so far by 0.8% and 0.9%.  After dropping Tuesday, the dollar recovered today by 0.7% against the Swiss franc, 0.5% versus the euro and Australian dollar, 0.3% vis-a-vis the kiwi, sterling and loonie, and 0.1% against the yuan.  In a classic risk averse pattern, the yen edged […] More