TAG Bank of England (BoE)

Trader fatigue sets in but the the Sun always shines on TV

The stabilisation in equities on Friday helped calm FX carry as headlines around Brexit, and the Italian budget were more positive heading into the weekend. Newswires have been very friendly into the weekend. Bloomberg reported that Italy’s government might cut its 2019 deficit target to 2.15%. Remember, Italy PM Conte has said the government would…

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Risk Aversion Lingers

Risk Aversion Lingers It was a shaky day for US equities, but the broader indexes did manage to claw back from the depths of despair but still ended the day slightly lower only 24 hours after the most substantial gains in 6 months and reminding us just how fragile investor confidence is. Risk aversion continues…

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Asia market update : Focus on Yuan

Asia market update: Focus on Yuan   Surprising busy start even with the absence of Hong Kong in the mix The hawkish warm-up ahead of tonight’s FOMC minutes delivered by San Francisco’s new President Daly is creating some noise today after she said late in the NY session she does think it’s a balance between…

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The buck cannot find a bid

Tuesday October 16: Five things the markets are talking about The ‘big’ dollar came under pressure yesterday and is finding it difficult to gain much traction this morning as investors taking profit on U.S assets outweighs concerns about Italy, Brexit and a Sino-U.S trade war. Furthermore, twin U.S deficits and prospects of a halt in…

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Risk remains on the back foot

  Risk remains on the back foot Risk sentiment remains on the back foot as the volatile stock action continued in Asia and Europe overnight. And while the US markets ended a very jittery day lower, the losses were limited as the markets enter a stalemate period to rethink the plethora of looming market uncertainties,…

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Geopolitical risks and yields dominate proceedings

Monday October 15: Five things the markets are talking about Following a weekend of warnings on global economic fragility from G10 finance leaders at an IMF meeting in Bali, has global equities starting this new week on the back foot, with regional bourses in Asia and Europe seeing red, while U.S equity futures are pointing…

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Asia Market Update :echoes of October past

Asia Markets  Asia shares are trading lower this morning led my losses on the Nikkei which is down 1.4 % ahead of a supplementary budget but the usual themes are weighing on local sentiment. Concerns over China -U.S. trade tensions, a possible slowdown in the Chinese economy and higher U.S. interest rates continue to sour…

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Friday night roundup from Singapore

Singapore: Monetary Authority of Singapore  The most important news from my neck of the woods, SGD rallied after the central bank continued on their path to normalise. MAS steepened just 0.5%-pts to 1.0% p.a, and this normalisation supports a bullish near-term view for SGD versus regional peers Oil markets Crude is off to a positive…

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