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[Reuters] Markets find a floor as Chinese data soothe nerves [Reuters] Yuan edges up as PBOC signals intent to stabilise decline [CNBC] China sets the yuan midpoint at 7.0039 per dollar, weakest since April 2008 [Reuters] U.S. weekly jobless claims unexpectedly fall [Reuters] China surprises with best export growth since March, but imports remain weak […]
[Reuters] Stocks turn lower as investors flock to bonds, gold [Reuters] Fragile calm returns to stock markets as yuan steadies [AP] China’s yuan weakens after signs of stability calm markets [Reuters] Gold hits over 6-year peak as trade jitters spark safe-haven rush [Reuters] Dollar falls versus yen, offshore yuan slips on trade woes [Reuters] New […]
Central Banks Urgently Accumulate Gold – 50 Year Demand High Trump Tweets Tariffs… China Tweets Devaluation Hong Kong Protestors Use Lasers To Block Facial Recognition The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Currency War With China… Game On! August 6, 2019 “You choose a negative yield voluntarily, either if you’re stupid […]
[Reuters] Stocks rebound after Wall Street’s worst day of 2019 [Reuters] Rout eases as China keeps yuan on a leash [AP] Global stocks rebound as China eases up on currency [Reuters] China’s yuan steadies, but stocks slump as trade war engulfs currency [Reuters] China says U.S. currency manipulator labeling could cause chaos in financial markets […]
[Yahoo/Bloomberg] Yuan Tumbles, Stocks Plunge; No `Circuit Breaker’: Markets Wrap [Reuters] Trade row slams stocks, yuan slumps to lowest in over a decade [Reuters] China lets yuan slump past 7 per dollar for first time in over decade as trade war escalates [Reuters] Treasuries – U.S. 3-month, 10-year curve inversion deepest April 2007 [Reuters] JGB […]
[Reuters] Wall St Week Ahead-Disney report to shine spotlight on streaming war [Reuters] EU must change its negotiating terms for Brexit, says Britain’s Barclay [Reuters] China destabilizing Indo-Pacific: U.S. Defense Secretary [Reuters] HK police fire teargas as China says it will not ‘sit idly by’ [Bloomberg] Morgan Stanley Turns Gloomier on Emerging Market Debt [Bloomberg] […]
[Reuters] Trump defends stance on China trade after new tariffs [Reuters] South Korea warns Japan of security pact risk, calls for ‘cooling-off’ in trade row [Reuters] Shops shut, traffic blocked as protests again roil Hong Kong [Reuters] U.S. Defense Secretary says he favors placing missiles in Asia [Bloomberg] China’s Leaders Face Crises on Two Fronts […]
Twenty-four hours that confounded – as well as clarified. Chairman Powell has, again, been widely criticized for his messaging. With the markets and President Trump breathing down his neck, he’s been in a no-win situation. Data have not supported commencing an aggressive easing cycle, while markets raced far ahead of the FOMC. Especially with dissention […]
