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For many the cancellation of the peace talks was as predictable as the likelihood of a Royal Wedding last weekend. David discusses this and more.

There wasn’t a strong response to the news that peace talks between the US and North Korea have broken down.

The change reflects the fact there's no sign as yet of stronger wages growth and unemployment has been stuck at around 5.5% for the best part of a year. We still expect the economy to strengthen, leading to a declining unemployment rate.

RECENT updates

There wasn’t a strong response to the news that peace talks between the US and North Korea have broken down.

Italy’s new government, Turkey’s emergency rate hike, the failing China trade deal, the UK’s weakening inflation, slow growth in Europe, tensions over Iran – there’s a lot to be concerned about.

It’s been a quiet session overnight. Oil rallied as supply fears rose on Trump’s sanctions imposed on the country this week, but it has since retreated.

The positive news regarding China has seen stocks rise in the US today but there has been little movement on Treasuries or the US dollar.

The change reflects the fact there’s no sign as yet of stronger wages growth and unemployment has been stuck at around 5.5% for the best part of a year. We still expect the economy to strengthen, leading to a declining unemployment rate.

Steven Mnuchin says the trade war with China is on-hold, for now, after the agreement that will see China supposedly buying more from the US, but not the reported extra $200 billion worth.

President Trump has been making headlines with peace treaties and trade pacts, but what if they don’t happen? North Korea has threatened to pull out and now the President is saying the China talks may not be successful.

In Italy, the populist parties aiming for a coalition Italian government are said to be demanding a €250bn debt write down by the ECB.

US ten-year treasuries were up eight basis points this morning, with the US dollar reaching a new high for the year so far.

The continuing rise in oil prices and rising bond yields in the US – where they have tipped the 3% yield mark again.

It was a subdued end to last week for markets, oil still high in the aftermath of Trump reimposing sanctions on Iran. The housing sector is our special topic for this Weekly.

Trump seems to be offering a lifeline to Chinese telecoms company ZTE, whilst threatening car manufacturers with a 20 percent import tariff.

It’s been a bumpy day for oil following Trump’s withdrawal from the Iran Deal. But it’s today’s weaker than expected US CPI data that has had the most influence, driving down Treasury yields and giving a boost to share prices.

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