Overview: The 2% slide in the S&P 500 to new lows for the year yesterday hit Asian and European equities today. Bond yields are lower, and the dollar is softer against most major currencies. The dramatic equity losses and some disappointing data sparked doubts about the ability of the Fed to raise rates tomorrow at the… Read More
The lead manager of Aberdeen Standard Investments Global Absolute Return Strategies is set to leave the fund in 2019, and his replacement is new to the firm. The change creates uncertainty in both the team structure and its ability to efficiently execute the process over the long term. The fund’s Morningstar Analyst Rating is downgraded… Read More
Overview: Activity in the global capital markets is subdued as investors move to the sidelines as the year-end approaches. The Federal Reserve headlines the holiday week that also features a Bank of England a Bank of Japan meeting. Only the Fed is expected to change rates. The dollar, which rose against most currencies last week,… Read More
The US dollar rose against all the major and most of the emerging market currencies last week. The Dollar Index made a new marginal high for the year. Although US jobs growth disappointed in November and the flash Markit PMI and manufacturing output was weaker than expected, poor data abroad helped underpin the dollar by default. … Read More
Trade between BRICS allies China and Russia has increased about 30 per cent in the first quarter of 2018, Chinese officials said. The uptick in exchange between the two economic giants will take their trade to $100 billion in 2018, Ministry of Commerce spokesman Gao Feng told reporters on Thursday. Gao said that this year’s… Read More