Markets Becalmed Ahead of the Week

Oct 18 10:10 2019 Print This Article

Overview: The global capital markets are ending the week on a subdued note as the UK Parliament decision on Saturday is awaited. The weaker Chinese Q3 GDP had little impact outside of China, where stocks fell over 1%. A brief suspension of hostilities by Turkey was sufficient for the US to lift its threatened sanctions. Asia Pacific equities were mostly a little softer, though the Nikkei eked out a small gain, and India's Nifty 50 extended its streak to a sixth advancing session, encouraged by strong earnings and anticipation of more. European and US shares are little changed but softer. Benchmark 10-year bond yields are slightly higher. The dollar is sporting a softer profile though sterling is consolidating after yesterday's wild swings. Oil prices are higher for the third session but are still off a little more than 1% for the week. Gold's small loss is enough to also push it slightly lower for the week.  

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About Article Author

Marc to Market

Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks. Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. He holds master's degrees from Northern Illinois University and University of Pittsburgh in American History and International Political Economy. Currently Chandler teaches at New York University Center for Global Affairs, where he is an associate professor. A prolific writer and speaker he appears regularly in the press and has spoken for, and is an honorary fellow of, the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009, Chandler was named a Business Visionary by Forbes. In 2009, his book, Making Sense of the Dollar, was published by Bloomberg Press and received a Bronze Award from Independent Publishers.

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