Markets are trending upwards and situated not far from all-time highs, fuelled by the prospect of renewed trade talks between the US and China starting in early October. Meanwhile China’s [...]
Higher customs duties, whacking USD 125bn of Chinese imports with a 15% tax, became effective as of the 1st. According to China, this measure marks a turning point in the [...]
The trade tiff between the US and China took a nasty turn last week, overshadowing the meeting of central bankers at Jackson Hole. The Chinese have hit back by imposing [...]
Last week the US yield curve – specifically the segment between ten and two-year Treasury bonds – briefly inverted, triggering a wave of panic in equity markets. An inverted yield [...]
Volatility in equity markets worsened last week in response to a string of disappointing economic stats, to the bombshell in Italy that has plunged the government into crisis and to [...]
“Insurance”, to ensure that growth does not splutter mid-cycle: that’s how Fed chair Jerome Powell summed up the 25bp rate cut that he had just announced last Wednesday, pouring cold [...]
Risk assets have continued rising, driven primarily by expectations for expansionary monetary policies accompanied by extra blasts of liquidity. Meanwhile the yield on the 10-year Swiss government bond has slid [...]
Fifty years ago, on 20 July 1969, a person set foot on the moon. “One small step for man, one giant leap for mankind,” said Neil Armstrong. This achievement crowned [...]
Last week’s testimony by Jerome Powell to the US Senate bolstered investors’ belief that short-term interest rates are indeed headed downwards. Powell’s remarks sent the S&P 500 index to a [...]
The US official jobs report for June shot past consensus estimates. In total, the US economy added 224,000 jobs last month whereas 160,000 had been expected. One might wonder whether [...]
