Author Archive: Jeremy Parkinson
Dollar Dumps To 6-Week Lows As Stock Rebound Stalls
The late-day 300-plus-point plunge in The Dow (and the rest of the market) has been slowly but surely erased overnight as the machines gently run stops ahead of the open. Interestingly, stocks stalled after President Trump tweeted about how strong the economy is… Bond yields are following stocks higher but the dollar is […]
What Trade War?
Trade War? What Trade War? The fears that President Donald Trump’s threats of tariffs would plunge the globe into a devastating trade war is easing quite a bit. The Wall Street Journal reported that “China and the U.S. have quietly started negotiating to improve U.S. access to Chinese markets, after a week filled with harsh […]
Japan Discounts Trade Wars—Now A Value Trap?
In Friday trading, Japan became the first casualty in the U.S.–China trade war. Market dynamics followed the standard pattern of “risk-off”—yen strength compounded by a sharp equity market drawdown. The timing could not have been worse: Japanese institutions are preparing for the March-end fiscal yearbook closing and are now forced into even greater repatriation of […]
Morning Call: U.S. Stocks Soar As Concerns About A U.S.-China Trade War Ease
Overnight Markets And News Jun E-mini S&Ps (ESM18 +1.19%) this morning are up sharply by +1.23% and European stocks are up +0.49% as concerns eased over a China/U.S. trade war. The WSJ reported that unidentified people with knowledge of the matter said China and the U.S. have quietly started negotiations to improve U.S. access to Chinese […]
Foreign Bond Markets Rallied Last Week On Trade-War Fears
Stock markets around the world tumbled last week over concerns about a possible trade war between the US and China. The risk-off posture generated renewed demand for bonds, particularly foreign bonds, which delivered the only gains last week for the major asset classes, based on a set of exchange-traded products. Supported by a weak greenback, foreign inflation-indexed […]
Global Equity Breadth Check: New Lows
Just a quick global equity breadth check here. As a reminder, these breadth models are looking at breadth across countries i.e. the main benchmark stock index for each of the countries we monitor (70 countries in total). Looking at breadth in this fashion for global equities can help flag early warning signs if certain pockets of […]
Equities Search For End Of Quarter Favor As Trade War Rhetoric Fades
If you’re just waking up to seeing U.S. equity futures up by more than 1%, you’re likely in a better mood than last week, when markets ended the week with the major averages down more than 1 percent. It’s been one thing after the other causing markets to decline since February. But this week marks […]
Black Monday Postponed?
Apparently, markets are willing to give Steve Mnuchin the benefit of the doubt on Monday morning. “We’re having very productive conversations with [China],” the Treasury Secretary told Fox News on Sunday, adding that he’s “cautiously hopeful” on striking a deal with Beijing that averts disaster. Of course he also said Trump isn’t “afraid of a […]
How Did South Korea’s Economy Develop So Quickly?
from the St Louis Fed — this post authored by Ana Maria Santacreu and Heting Zhu South Korea has experienced one of the largest economic transformations of the past 60 years. It started as an agriculture-based economy in the 1960s,[ 1] and it became the 11th largest economy in the world in terms of gross domestic product […]
Centamin Mines Gold As It Explores For More
The basic sector has thirteen industries all related to mining, making and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; paper; silver; specialty chemicals; steel. Today I’m reviewing a gold company It’s a mid-cap stock, Centamin Plc. It’s trading ticker symbol is CELTF. Centamin Plc is a mineral exploration, development, […]
