Hong Kong

How America And China Could Stumble To War

War between the United States and China is not inevitable, but it is certainly possible. Indeed, as these scenarios illustrate, the underlying stress created by China’s disruptive rise creates conditions in which accidental, otherwise inconsequential events could trigger a large-scale conflict.

S&P Futures Slide Ahead Of Bank Earnings

S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.

Traders "Swoop" On Stocks, Oil Rises For 8th Day But Bonds Still Don't Buy It

S&P futures are unchanged and Asian stocks closed mixed, however European stocks rebounded for first time this week, led by auto stocks after Daimler’s quarterly profit, as a break in alarming political news prompted traders to "swoop" - as Reuters puts it - on equities, cooling a safe-haven rally that saw the yen and gold at five-month highs and bond yields to drop their lowest this year.

Zimbabwe Central Bank To Accept Cows, TVs, Fridges As Collateral

As Zimbabwe desperately attempts to restart its monetary system, cow, cars, TVs, refrigerators, computers and other household appliances will become acceptable as collateral once they are evaluated and registered in the central bank’s register.

Frontrunning: April 10

  • Euro hovers above one-month low as French election nerves grow (Reuters)
  • French Election Risk Reawakens as Bonds Drop, Volatility Jumps (BBG)
  • Hopes fade for U.S. bank earnings despite rally in financial shares (Reuters)
  • Skepticism Grows About Higher Fed Rates Helping Banks’ Margins (BBG)
  • Record Bond Issuance Signals Doubts About Economy (WSJ)

US Futures Rebound Sharply, Erase All Syrian Airstrike Losses

After initially tumbling in the aftermath of the U.S. missile attack on Syria which jolted financial markets, boosting haven assets and temporarily shifting investor focus from today's jobs data , S&P futures have managed to recoup all losses (the Nikkei closed up 0.4% after sliding earlier in the session), with Europe also just fractionally lower and climbing fast.

Futures Slide As Weak Start To Q2 Continues Amid Global Growth, Political Jitters

Global stocks were pressured by a poor start to the second quarter in the US, where carmakers reported disappointing sales data, slamming auto stocks around the globe. The selling has persisted for a second day, with Asian stocks, S&P futures fall and European shares all partially in the red today after their biggest decline in two weeks.

"A Lot Of News Over The Last 72 Hours But None Having A Dramatic Effect On Trading"

Markets seem more concerned about missing the upside associated w/a final tax deal than they are about being caught long on a tax disappointment, thus for the time being headlines such as “Trump and Ryan discuss taxes” or “tax plan makes progress in Washington” will help to buoy stocks more than “Trump has neither a clear WH tax plan nor adequate staff yet to see through a planned tax reform” will hurt them.

The American Dream, Twice Removed

"The demise of America comes in small steps. But it’s unstoppable. The same is true for every other housing bubble. When no-one can afford to buy a home anymore but a bunch of Russians and Chinese, rental prices surge. And then shortly after that the whole thing goes up in smoke."