Brexit

Cool Video: Discussion of the Deflationary Risks in Japan and Brexit

I joined CNBC Asia's Amanda Drury and Sri Jegarajah via Skype earlier today as the new week was beginning in Asia.  In this three minute clip, we discuss the outlook for the BOJ and sterling.   Most of the rise in Japan's inflation is due to food and energy prices.  Despite an aggressive b ...

Surge in Oil Punctures Holiday Markets

Overview: With many centers closed for the extended holiday, the calm in the global capital markets has been punctuated by reports that the US is considering ending its exemption for eight countries to have bought Iranian oil over the past six months.  The waivers were to end on May 2, but previ ...

Book Bits | 20 April 2019

● The Technology Fallacy: How People Are the Real Key to Digital Transformation By Gerald C. Kane, et al.Q&A with authors via publisher (MIT Press) Q: The data you collected over a period of four years required surveying over 16,000 people who have experienced and responded to digital disruption. ...

Six Events to Watch Next Week

The divergence thesis that drives our constructive outlook for the dollar received more support last week than we expected.  A few hours after investors learned that Japan's flash PMI remained below the 50 boom/bust level, Europe reported disappointing PMI data as well.  And a few hours after ...

Holiday Note

Overview:  Many financial centers are closed today.  These include Australia, India, most European markets, and the US.  In Asia, equity markets that were open moved higher.  The Nikkei, which gapped higher on Monday, rose 0.5% today for a 1.5% gain on the week.  China's Shanghai Composite ...

USD/CAD Canadian Dollar Lower as US dollar Gains Retail Sales Boost

The Canadian dollar fell 0.28 percent on Thursday. US economic data was the deciding factor as the dollar rose against the loonie despite crude prices heading higher. Canadian retail sales had strong gains but could not overcome their US counterpart. American retail sales exceeded expectations and ...

FTSE edges lower, retail sales shine

The FTSE index has posted small losses in the Thursday session. In North American trade, the FTSE is trading at 7,459, down 0.15% on the day. As well, the Bank of England released its quarterly credit conditions survey. Crisis? What crisis? The turmoil surrounding Britain’s departure from the Eu ...

FTSE edges lower, British retail sales shine

The FTSE index has posted small losses in the Thursday session. In North American trade, the FTSE is trading at 7,459, down 0.15% on the day. As well, the Bank of England released its quarterly credit conditions survey. Crisis? What crisis? The turmoil surrounding Britain’s departure from the Eu ...

GBP/USD – British pound edges lower despite strong U.K retail sales

GBP/USD has posted slight losses in the Thursday session. In North American trade, GBP/USD is trading at 1.3015, down 0.20% on the day. On the release front, British retail sales jumped 1.1% in March, crushing the estimate of -0.3%. As well, the Bank of England released its quarterly credit conditi ...

EMU Disappointment Lifts the Dollar

Overview: A bout of profit-taking in equities began in the US yesterday and has carried through Asia and Europe today. The MSCI Asia Pacific Index fell for the first time in five days, while the Dow Jones Stoxx 600 is snapping a six-day advance.  The Nikkei gapped higher to start the week and ...