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Geopolitical Events
The G20 Summit: President Trump-Xi Meeting
The G20 Summit The G20 Summit is an international forum for the governments and central bank governors from 19 countries and the European Union to discuss global economic challenges. Non-member countries can also be invited to attend the summit. The Group of Twenty nations attending the summit represents more than 80% of the global GDP, which is...
US Jobs Report
The Buraeu of Labor Statistics have released the latest jobs report for April. Let’s take a look at the latest numbers. The total non-farm payroll employment increased by 263,000 the U.S. Bureau of Labor Statistics reported today, beating the forecast of 190,000. Biggest job gains were in professional and business services, construction, healt...
From Singapore to Hanoi – Summit 2.0
President Trump is on the “Tweet Rally” with positive headlines on the trade front and much confidence ahead of the Summit in Hanoi, Vietnam. Singapore Summit The Singapore Summit marked the first-ever meeting between the Head of State of North Korea and the United States. Both leaders signed a joint statement during the Summit and agr...
Trade Deadline Delayed – “Substantial Progress”
Monday started on a buoyant note as the weekend negotiations between the US and the Chinese officials on structural issues, including intellectual property protection, technology transfer, agriculture among others were productive which encouraged President Trump to extend the 1st March deadline. Asian stocks and trade-sensitive currencies l...
The Dalian Port – “China’s Coal Ban”
Wednesday was the bearer of bad news for Australia. Despite the buoyant employment report which briefly lifted its local currency, the Australian dollar plummeted on Westpac’s rate cut forecasts and the news of China’s Coal Ban. Simmering diplomatic tensions could be the trigger behind the ban. The news that the Dalian port in China has b...
A Busy End of the Month
US Government Shutdown President Trump has agreed to temporarily end the shutdown, putting an end to the most extended shutdown in US history. The three-week pause initially lifted investor sentiment and helped Asian stocks push higher on Monday’s open. It is reported that the shutdown cost the economy $11 billion, which includes approximatel...
World Economic Forum: Buzzword – Populism
The word Populism is probably the buzzword at the World Economic Forum this year. The headlines this week were heavily dominated by the concerns of the rise of populism around the globe. “Brazil’s Bolsonaro is the Face of Populism at the Davos Forum” “Merkel encourages multilateralism in the face of populism…” “Chrystia ...
International Monetary Fund (IMF): Growth Warnings
The World Economic Outlook has further shifted to the downside. The growth estimates for 2019 and 2020 were downgraded in October 2018 mainly due to trade tensions. The recent further downward revisions were the result of the weakening momentum in key industrialised economies. The table below depicts the “Weakening Global Expansion”: Th...
432-202 – Biggest Defeat in Modern Times
Theresa May suffered the worst defeat in recent times in British history. The House has spoken, and Theresa May stated that the government will listen. “It is clear that the House does not support this deal, but tonight’s vote tells us nothing about what it does support.” It will be a big challenge for her to negotiate a withdrawal agr...
Brexit- A Decisive Week
The Parliament Vote is the pivotal stage for Brexit. If the Brexit deal is accepted, Britain will exit the EU in an orderly way. However, if the proposed Brexit deal is rejected, there will be many uncertainties to follow. Market participants will have to wait and see how Brexit will unfold as and when more information or decisions will be ...
Main Macro Themes In 2019
After a stellar year in 2017, investors were taken aback by the massive swings in the markets in 2018. The turmoil in the financial markets has created an environment of panic and fears about a global recession. Even though the risk of a recession is not on the horizon yet, we do expect 2019 to remain volatile. Prudent investors will likely fa...
Canada – Taking A Look At The Loonie Economy
Canada News Flying Under The Radar Canada has been a predominant feature in financial news in the recent few months, with many discussions centered around the NAFTA and ‘new NAFTA’ agreement, the USMCA trade deal. But despite being such a significant story, it has arguably been overshadowed by the big moves in equity markets, Brexit negotiatio...
Brexit and Italy
As we head into the Thanksgiving holidays, the continuing factors dominating headlines remain Brexit and Italy. This Wednesday was an important day for Brexit and Italy, but the events unfolded without any major catalysts or breakthrough. Theresa May and Jean-Claude Juncker meeting in Brussels: It appears that some progress has been made. Th...
G20 Summit 10th Anniversary
In the wake of the global financial crisis, the G20 summit has become a popular forum of global governance and cooperation. In the heat of the disaster, G20 members came together to sustain global financial stability. The G20 has been a useful pool of information and decision making that have steered the global financial markets since 2008. G7 ...
Latest US Jobs Report
The Buraeu of Labor Statistics have released the latest jobs report for September. Let’s take a look at the latest numbers. The total non-farm payroll employment increased by 134,000, the U.S. Bureau of Labor Statistics reported today versus the forecast of 185,000. Biggest job gains were in professional and business services, in health care, an...