Emerging Global and Domestic Markets

Book Bits | 14 September 2019

● The Case For People’s Quantitative Easing By Frances CoppolaReview via Brave New Europe The thesis behind the book is that, although quantitative easing since the Great Financial Crisis of 2007/8 has failed, the cause of failure was its implementation, not the policy itself. Quantitative easi ...

USD/CAD Canadian Dollar Lower on Record High Household Debt

The Canadian dollar fell 0.45 percent on Friday and will finish 0.78 pecan lower against the US dollar. Canadian households have a 174.1 percent debt to income ratio in 2019 Q2. Rating agencies have already downgraded some of the banks as the risk of higher defaults rises as consumers take on more ...

European Central Bank Policy: QE Infinity

At his penultimate press conference before his term ends next month, European Central Bank (ECB) President Mario Draghi delivered the package of monetary policy easing measures he had skilfully telegraphed during previous months. That fiscal policy is becoming the new monetary policy when it comes ...

Week ahead – Central banks the only game in town

Brexit, Fed and trade war remain in focus For many months now, all of the attention has been on the trade war, Brexit and central bank easing. Next week is going to be no different as the UK Supreme Court rules on Boris Johnson’s prorogation of Parliament, talks continue ahead of a meeting betwee ...

Bitcoin Rebounds on ECB Cut Looks Ahead to Fed

Cryptocurrencies had a volatile trading week. Risk appetite returned to the market with the news that US and China were defrosting their trade negotiations. The crypto world saw a correction to the downside at the beginning of the week as Bitcoin had attracted investor flows as a safe haven, so nat ...

Oil Falls on Demand Concerns and Oversupply

Oil slipped to around $60 a barrel on Friday as concern about a slowdown in the global economy and oil demand outweighed hints of progress in the U.S.-China trade dispute. The Organization of the Petroleum Exporting Countries and the International Energy Agency (IEA) both issued reports this week p ...

China Adds US Farm Goods to Tariff Exclusions

China plans to exclude American farm goods, including soybeans, from tariffs in the latest move to ease trade tensions before the two countries restart trade talks next month. The Chinese Ministry of Commerce said Friday that China welcomed President Donald Trump’s decision to delay tariffs by tw ...

US CFOs Still Sceptical About a US-China Trade Deal

If you follow the markets, there’s been recent reason for optimism about a U.S.-China trade deal. Some investors are buying it — literally — with recent gains in stocks attributed to positive signals from the U.S. and China after a volatile August. But there’s one group of market insiders n ...

US Open – Trade Concessions, Retail Sales, Backstop, Oil, Gold

US stocks are continuing to inch higher toward record territory after China expanded their tariff exemption list and as investors begrudgingly expect the bull market to reassert itself on renewed stimulus measures by central banks.  Optimism is growing once again that we could see a US-China trade ...

Will Inflation’s Upside Surprise Spoil The Fed’s Rate-Cutting Party?

Just when it looked like inflation’s threat was fading, yesterday’s August report on consumer prices dispensed a not-so-fast alert. The core reading of the Consumer Price Index (CPI), which excludes food and energy, rose 0.3% last month and accelerated to a 2.4% annual pace – the highest in 1 ...