The market is again balancing the idea of whether or not the Yen is a safe-haven currency! Today, we saw a move back into the mid 110’s in an almost flight to quality run following weaker Nikkei, ASX etc. Japan was a bag of nerves today following the sell-off seen in JGB’s as 10yr rates […]
Much of todays talk surrounded currencies and the talk of combined intervention! Whether it was or wasn’t is immaterial, but what we did witness was a turnaround in the US Dollar strength against most geographies and at the same time a steepening in core bond markets. These currency bounces helped many markets to recover some […]
The strength of the USD is starting to become a lot more visible over the past 48 hours. In some countries, its looks as though currencies require a helping hand just to slow their downward spiral. In Japan the battle surrounding the Yen being a safe-haven or not continues, but looks to be losing […]
A pretty mixed day in Asia today with a small improvement for Japan, whilst the China decline continues. Having heard the comments from FED Chair Jerome Powell, markets assumed a hold mentality with volumes reflecting the uncertainty coupled with summer lull. The Nikkei did add +0.5% onto yesterdays numbers, but at the expense of the […]
Japan was the only one of the core to distance itself form all others and close positive (+0.45%) on the day. That is probably because the Yen lost ground and seems to have finally broken that correlation play for now. Declining energy prices was the main talking point for Asia, but that started late last […]
Despite all of the weekends headlines surrounding US Presidents Trump’s meetings with NATO, UK’s PM Theresa May and then on to Helsinki with President Putin markets maintained calm. The USD remains very well supported, core bonds around the globe held their ground and other than a drift in energy prices, overall we survive in a […]
Friday the 13th may not be that lucky for some, but that did not appear to be the case for todays markets. Asia built on yesterdays gains with core markets stronger across the region. The Nikkei closed up +1.85%, with only a little added by the -0.4% depreciation of the Yen. Shanghai appeared to struggle […]
Many in the market were waiting to hear a response from China today, after the escalation by the US in trade tariffs. However, given their noticeable absence has provided a huge relief for markets and so we saw yesterdays decline reversed. An impressive 2.2% bounce proved wide spread and especially creditworthy when we see that […]
Just when the markets started to rejoice in the fact that there had been no recent escalation of trade wars and then the silence is broken. Early in the Asian trading day the US released a list of additional tariffs which are assumed to total close to $200bn. This number has wobbled equities and put […]
Asian markets focused in Wall Streets rally and especially as trade concerns appeared to have faded for now. We saw another solid day for Shanghai (+0.5%) but sadly the Hang Seng was unable to join the party. It looks as though the tech sector is failing the HSI, but then it has been the star […]
