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.  

Read More

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.

Related Items

5i Stock Screener: Reliable companies for shareholders during a crisis

Shareholder yield is a great way to measure how well companies give back to shareholders and is the sum of both dividend and buyback yield. Companies that repurchase shares in addition to paying a stable dividend also give a few positive signals, particularly during these tough times. ...

Economic / Markets Fundamentals

My primary liquidity indicators are strongly positive. This suggests that economic recovery isnot far off in time and it is supportive of the stock market. Based upon accelerating monetaryliquidity, a degree of economic recovery should begin before summer 2020 is over.Presently, the US economy is st ...

March 27, 2020

So the markets did not have a nice time today: Canada’s main stock market resumed its slide after a three-day winning run as investors grew more nervous about the spread of the coronavirus pandemic and the Bank of Canada slashed interest rates to nearly zero. The Toronto Stock Exchange’s S ...

April 1, 2020

Well, now that the horrors of March are done with, I’m sure we’re all very happy to start off a bright and shiny new … well, never mind: Faced with grim new projections of the potential scale and economic ramifications of the coronavirus pandemic, investors dumped stocks on Wednesday. The ...

COVID-19: The ultimate identity politics?

Political Action Human beings always aspire to be part of something larger. There's the family but it's limited, they want a level beyond that. So they find other entities to feel they belong to, like nations, religions, movements or generations. Very often -- most of the time -- those involve ...

ECB's Bazooka Support Bonds but not the Euro

Overview: It is not just that the dollar soared while stocks and bonds continued to plunge.  The dollar's strength is, in effect, a powerful short-covering rally.  It was used to fund a great part of the global circuit of capital.  The circuit of capital is in reverse now, and the funding cu ...

A deep retrofit of homes and buildings is the megaproject Canada needs

Ramping down carbon emissions from homes and buildings can help us rebuild Canada’s economy after the pandemic. ...

Rebuilding Canada’s economy includes energy resiliency in remote communities (blog)

This is the moment to create a roadmap for a society that is more resilient to these macro shocks – whether they are brought about by a pandemic or climate change. Canada’s response must support a more resilient, healthier economy that is competitive and shows economic strength in a decarbonize ...

Gold About To Breakout $1800

It was 2008 and we were in the middle of the Great Financial Crisis.  At the time I was working as a math teacher with a small family.  I was already investing in junior gold miners for 10 years before I took the plunge to go full time into becoming a mining entrepreneur leaving a secured tenure ...

Don’t write an obituary for shipping’s dirtiest fuel

High sulfur fuel oil, once the cheap staple diet of the shipping industry, has been usurped by an abundance of low-cost, premium quality bunker fuel. That’s led to seafarers freezing orders for equipment to remove the sulfur from HSFO and maximizing compliant fuels. But don’t write off shipping ...