HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:Mirroring the positive tone in Wall Street overnight, most global equity indices traded in the black on Wednesday on growing optimism for progress in the ongoing US-China trade negotiations after President Trump’s comments that “talks with China are going very well”. Positive risk sentiment led to a further decline in Treasuries, with the 10yr respective yield rising to a six-session high of 2.74%, well above its one-year low of...
Whidbey Island-class amphibious dock landing ship USS Fort McHenry (LSD 43) pulls into Constanta, Romania, for a scheduled port visit, Jan. 7, 2019. Navy photo.
Amphibious warship USS Fort McHenry (LSD-43) pulled into Romanian port Constanta on Monday, in the first Black Sea visit by a U.S. Navy ship since Russian forces seized a trio of Ukrainian naval vessels in the region.
In November, Russian forces seized three Ukrainian ships operating near the Crimean Peninsula, in a strait that is shared...
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Ahead of this Sunday’s extraordinary meeting of EU leaders to endorse the Brexit Withdrawal Agreement, the UK and the European Commission agreed yesterday on a draft political declaration on the future UK/EU relationship. In a knee-jerk reaction, the GBP gained some ground against both the EUR and the USD but gains were relatively limited amid concerns that, although the Withdrawal Agreement and the political declaration will likely...
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: The midterm US elections held yesterday resulted in a divided Congress, in line with market expectations. Republicans are set to increase their majority in the Senate while Democrats appear headed to gain more than 30 seats in the House of Representatives, well beyond the 23 needed to claim their first majority in the House in eight years. The impact of the election result on US Treasuries was eventually limited on the view that it...
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Market focus today is on the US non-farm payrolls report for September, and mostly, on average hourly earnings which are expected to rise by 0.2%mom pushing the annual growth rate to 2.8% from 2.9% in the prior month. Awaiting the key US report, US Treasury bond yields were lower today after US-China trade tensions flared up again following comments by US Vice President Mike Pence accusing China of trying to interfere in the midterm...