International Markets

Japan Mulls More QE After The ECB

More easings will be on the minds of traders as the Bank of Japan and the Federal Reserve meet next week, with both expected to move rates lower, and in Japan’s case, possibly even more QE. It will be interesting to see what the Bank of Japan actually has left to buy, but more importantly will be ...

China Receives An Early Birthday Present

The nascent thaw in U.S. and China trade relations appears to be gathering momentum ahead of October trade talks. This morning President Trump agreed to postpone the latest round of tariff hikes until mid-October as China celebrates its 70th birthday on October 1st. The early birthday present follo ...

Asia Session: Hong Kong Rallies On Concession Rumours

Rumours and intrigue are sweeping Hong Kong this afternoon, with MNI reporting that the local press is suggesting that the Hong Kong Government will announce another major concession to protestors at 16:00 HKT (0800 GMT). China and the Hong Kong SAR The Hang Seng has jumped 1.53% in anticipation ev ...

You’re Fired! Trump Seeking New Diplomatic Bolt-on

Say what you like about President Trump, but boring he is not. In dramatic scenes in Washington D.C. today, the President announced that he had “fired” his national security advisor John Bolton citing strong disagreements. The obvious question is, why is this important to financial markets? Wel ...

London missing out on Aramco IPO could be a blessing in disguise

Saudi Arabia is getting deadly serious about the stock market flotation of state oil giant Aramco, just not in London. Once tipped as a potential host for what could be the world’s largest initial public offering, Brexit chaos and the prospect of Jeremy Corbyn seizing power have significantly dim ...

China And Australia Fall Following Unwhelming PPI

China’s PPI produced its lowest reading since August 2016 this morning, with the August YoY falling 0.80%. With a lot of anticipated easing in China already priced in, and with no lead from Wall Street as such overnight, China and Australian markets finished the morning in the red. Currencies wer ...

Emerging Markets Equities Topped Asset Class Returns Last Week

Stock markets in emerging markets continued to rebound last week, posting the strongest gain for the major asset classes, based on a set of exchange-traded funds. No mean feat, considering that nearly every slice of global markets rallied during the trading week through Friday, Sep. 6. Vanguard FT ...

A Global Surge!

This week, the markets followed through on some big moves that started during the last week of August. Across the globe, almost every major market was kicking higher. The Canadian market had a little underperformance due to the strong declines in precious metal stocks. Meanwhile, some of the most e ...

Asia Session: Stocks Rise As Gold Falls

Asia stocks rose ahead of U.S. employment data and Fed Chairman Jerome Powell’s speech later this evening. Gold continued its overnight collapse as investors reduced haven positioning en masse after renewed U.S.-China trade talks. Equities The announcement that both the U.S. and China would retur ...

Everybody Loves a Trade Show

The buzz from the apparent de-escalation of trade tensions between the U.S. and China continues to be the only show in town, with Wall Street posting healthy gains again overnight.  The U.S. ISM Non-Manufacturing PMI drew sighs of relief as it rose to an above-consensus 56.4. It allowed the street ...