Post date: 23/03/2020 09:25 The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong flight into the supposed safety of the US dollar. Every major currency worldwide fell sharply against the greenback, even the Japanese…
Post date: 16/03/2020 11:05 The sharp worsening of the coronavirus epidemic, leading to nationwide lockdowns in Italy and Spain, shook world financial markets. The initial reaction was to send the Euro higher, as the US yield curve evaporated and markets priced in Federal Reserve cuts all the way to zero. However, the worsening epidemic news…
Post date: 09/03/2020 09:00 The coronavirus epidemic became a full-on market rout last week. Equity indices fell worldwide, and the emergency 50 bp cut by the Federal Reserve brought only temporary relief. But the most volatile moves were seen in rates, as markets quickly priced in further cuts in the Federal Reserve rate and brough…
Post date: 24/02/2020 11:05 Stock markets worldwide fell last week as fears about the impact of the coronavirus epidemic and its impact on the global economy slammed risk assets. Stock markets fell for the first week in three, emerging market currencies were sold hard and safe havens rallied, with the conspicuous exception of the Japanese…
Post date: 17/02/2020 08:35 Risk assets and emerging market currencies bounced back last week as markets remain confident that the economic damage from the Coronavirus epidemic will remain contained and manageable. The change in methodology that caused a spike in reported numbers did not change this fundamental view. However, this is not helping the Euro,…
Post date: 10/02/2020 09:01 Signs that the rate of spread of the coronavirus was slowing down in China fuelled a general rally in risk assets worldwide. The dollar benefitted from the rally, as did Asian currencies generally. Safe havens like the Yen suffered, and European currencies mostly fell as well. The dollar was also supported…
Post date: 03/02/2020 12:28 Traders spend the week nervously awaiting latest contagion and death tallies from the Coronavirus in China and elsewhere. Stocks worldwide fell sharply, though Chinese exchanges were shut for the Lunar Holiday. As this is written, Chinese markets are braced for the first market trading since the virus was declared a worldwide…
Post date: 27/01/2020 09:32 The spread of the Coronavirus infection in China and abroad impacted financial marketing sentiment late last week, leading to sell offs in equity markets and rallies in traditional safe havens like G10 government bonds. In currency markets, the effect was felt in emerging markets which sold off against the US dollar,…
Post date: 20/01/2020 08:39 All G10 currencies ended last week almost exactly where they started it. The sole exception was the Japanese Yen, which suffered as increasing risk appetite drove traders out of safe havens. Equities and credit markets worldwide continued to rally in celebration of the signing of Phase 1 of the US-China trade…
Post date: 13/01/2020 11:00 2020 is starting on a positive note in financial markets. News that the US-Iran conflict remains contained for now, prospects for a Us-China trade deal, and good news from the world’s major economies pushed stock markets worldwide to record highs. The dollar put in a mixed performance, up sharply against risk…
© 2020 sovereign-international.co.uk - ALL RIGHTS RESERVED | Registered no Z209673X