As May winds down, the light economic calendar will allow investors to take their cues from the evolution of three disruptive forces–trade, Brexit and the US economy. With actions against Huawei and possibly a handful of Chinese surveillance equipment producers, the US raised the stakes. The retaliatory tariffs are effective on June 1, but Beijing has… Read More
The Japanese yen is the best performing currency so far here in May. It has appreciated by roughly 1.25% against the dollar. The same forces that lift it are also boosting the Swiss franc (mtd 1%). The investment climate has turned in a decidedly less supportive direction following the end of the US-China tariff truce,… Read More
Overview: With many centers closed for the extended holiday, the calm in the global capital markets has been punctuated by reports that the US is considering ending its exemption for eight countries to have bought Iranian oil over the past six months. The waivers were to end on May 2, but previously it was thought… 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