Tag: CNH

China to penalize $60B of U.S. imports but reduce amount of tariffs it collects

China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products. The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between […]

Where to hide? That’s the next million-dollar question

Tuesday September 18: Five things the markets are talking about It was coming, the market new it was coming, just when, and how much, were the unknown variables. President Trump has imposed an additional +10% tariffs on about +$200B worth of imports from China, rising to +25% by the turn of the New Year. Trump […]

Seeing the forest for the trees

Seeing the forest for the trees With trade war dominating the landscape, even more so after this morning’s US tariff headline, it’s easy to focus on markets from a one-dimensional perspective. But cross-asset trading is multidimensional and observing the more granular details can offer much-needed clarity in these difficult times. US Markets Certainly, Trade war […]

Canada: International transactions in securities, July 2018

Foreign investment in Canadian securities reached $12.7 billion in July, mainly from acquisitions of federal government bonds. At the same time, Canadian investment in foreign securities totalled $13.1 billion, led by record purchases of foreign bonds. Foreign investment in federal government bonds resumes Foreign investment in Canadian securities reached $12.7 billion in July, up from […]

No tariffs, now tariffs, what gives?

Monday September 17: Five things the markets are talking about The possibility of a new round on tariffs on Chinese goods is not helping equity markets this Monday morning. The ‘big’ dollar is holding onto Friday’s gains as investors try and acclimatize themselves to the ever-fluid trade situation that President Trump seems to be creating […]

Another 200 billion in tariffs looks more likely than not

Another 200 billion in tariffs looks more likely than not. Happy to hear that markets in Hong Kong are expected to start trading on Monday after Mangkhut roared through the City. But more significantly friends and colleagues are all safe!! Now for the nuts and bots. As many had suspected, despite Treasury Secretary Mnuchin’s attempts […]

Trade Tensions Return as US Tariffs on China Lift Dollar

The dollar bounced back on Friday, after a couple of economic indicator misses this week, the greenback is higher against all major pairs. Major pairs and commodities are lower against the greenback ahead of the weekend. The American currency did not manage to overturn the losses posted during the rest of the week. On a […]

Dollar marks time as China data neutral

It was a mixed bag of news on the China data dump in Asia this morning. Both industrial production and retail sales beat estimates in August, though fixed asset investment disappointed with a below-expectations performance.   Super Thursday, indeed   Industrial production ticks higher Industrial production rose 6.1% y/y in August following a 6.0% gain […]

U.S weekly jobless claims drop to near 49-year low

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in nearly 49 years and pointing to robust labor market conditions. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 204,000 for the week ended Sept. 8, the lowest level since December 1969, the Labor Department […]

Canada: New housing price index, July 2018

Nationally, new home prices were up for a second consecutive month in July. New Housing Price Index, monthly change Builders in 15 of the 27 census metropolitan areas (CMAs) surveyed reported higher prices in July, pushing the Canada-level index up 0.1%. The largest gain was in London (+0.5%), where builders reported higher construction costs and […]