Despite this year’s extreme volatility, the past ten years have been an extraordinary time to be an equity investor. This can be seen by looking at the so-called equity risk premium, which is simply the difference between returns on global stock markets and risk-free assets, such as U.S. dollar bank deposits. Over the very long […]
U.S. stock futures and markets around the world are mostly holding steady or ticking higher in early Wednesday trading, but only after spinning through an election night dominated by surprises and sharp swings. After rallying early this week amid hopes that Election Day’s arrival could clear the uncertainty that’s been weighing on markets, Treasury yields […]
While many drivers can influence stock market returns, it turns out the time of the day may play an important role. In particular, the four hours around the time Asian markets close and European markets open account for the entire market returns when looking at E-mini S&P 500 futures, according to the paper by Dmitriy […]
China’s V-shaped economic recovery continued for a fourth consecutive month in June, led by strong domestic demand. And if the novel coronavirus remains under control, China can remain the world’s best consumer story. In China, consumer spending came back with force. Inflation-adjusted retail sales plummeted to a 23.7 per cent year-over-year decline in January and […]
Former vice-president Joseph Biden will inherit an economy beleaguered by the battle against the coronavirus if he wins the election in November. The recession will influence his legislative priorities in both the short and long term; however, Biden has indicated that he would raise an array of corporate and personal taxes to finance domestic programs, […]
The recent publication of the U.S.-China trade deal and the final macroeconomic numbers for 2019 should set the stage for healthy economic performance and stronger market sentiment in China in 2020. But the risk of a return to tense relations between Washington and Beijing looms over 2021 and beyond. President Donald Trump appears to believe […]
Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019, but lagged the blockbuster market returns delivered by publicly traded companies in the U.S. and other developed economies. The U.S.-China trade war and signs of slowing global economic growth […]
The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future. Behind that message is a view that has gained support at the Fed as the U.S. economic expansion has entered a record 11th year: That contrary to long-standing […]
China warned the United States against trying to limit investment ties between the two countries, even as the Trump administration contradicted a report that Washington might be considering removing Chinese companies from American stock exchanges. The foreign ministry appealed to Washington to “meet us halfway” and resolve disputes amid a tariff war that threatens to […]
While there are signals that the global economy is slowing down, it doesn’t appear to be quite at recession levels. “That has major investment implications,” said Alec Young, managing director of global markets research at FTSE Russell, in a webinar on Wednesday. Trade uncertainty is a big part of recent sluggishness in markets, he said. […]