Tag: MXN

U.S is a Net Energy Importer from Canada

Canada is the largest energy trading partner of the United States, based on the combined value of energy exports and imports. Although the value of bilateral energy trade with Canada has varied over the past decade, driven primarily by changes in the prices of oil and natural gas, the overall structure of bilateral energy trade […]

Turkish Lira Collapse Continues

Wednesday May 23: Five things the markets are talking about Geopolitical risks from Turkey to N. Korea, from China to Italy, have pressured global equities in overnight trade. U.S Treasuries, along with the ‘mighty’ dollar have found support, while crude oil prices dropped along with most commodities. Yesterday, U.S President Donald Trump tempered market optimism […]

Italian Bond Yields Off Highs after Six Days of Selling

Italian government bond yields came off 14-month highs on Tuesday as the market paused after six days of heavy selling on concerns over the high-spending policies mooted by a potential coalition government in the euro zone’s third-largest economy. The likelihood of a new Italian government being formed by the 5-Star Movement and the far-right League […]

China to cut Tariffs on some Auto Parts and Vehicles

China’s Finance Ministry said that it will cut import tariffs on some vehicles to 15 percent, down from as much as 25 percent. The announcement Tuesday also said that tariffs on some automotive parts would fall to 6 percent. The cuts will be effective from July 1. The move signifies an attempt to open up […]

Canada: Wholesale trade, March 2018

Wholesale sales rose 1.1% to $62.8 billion in March, more than offsetting the decline in February. The motor vehicle and parts subsector contributed the most to the gain. Excluding this subsector, wholesale sales rose 0.2%. Sales were up in four of seven subsectors in March. In volume terms, wholesale sales rose 0.8%. In the first […]

Trade Ceasefire Supports Risk Assets

Tuesday May 22: Five things the markets are talking about Markets traded mixed overnight, with global equities drifting and a number of risk currencies finding support as investors digest easing trade tensions and the latest comments from a plethora of central bank members. The EUR (€1.1809) has found some traction as Italian bonds recover from […]

Dollar Rises Amid Italian Coalition and China-US Trade Uncertainty

The US dollar appreciated against major rival currencies on Friday. The dollar rally is back on after the two of the largest parties in Italy agreed to form a coalition government and Japanese inflation retreated. Although there is no plan for Italy to exit the European Union it could put it to the test with […]

Loonie Plummets on Weak Data

Data this morning showed that Canada’s annual inflation rate slowed slightly last month, but remained above the Bank of Canada’s (BoC) +2% inflation threshold for a third consecutive month. Canada’s CPI rose +2.2% on year-over-year basis in April. Today’s headline print was just shy of the markets expectation of +2.3%. On a month-over-month basis, prices […]

Italian politics to decide markets fate

Friday May 18: Five things the market is talking about In Europe, regional bourses are trading a tad lower as E.U stocks fail to follow their Asian counter parties higher on a potential breakthrough in trade negotiations between China and the U.S. The yield on U.S 10-year notes (+3.105%) is steady after reaching their highest […]

Dollar Consolidates ahead of Today’s Event Risk

Thursday May 17: Five things the markets are talking about Italian political uncertainty continues to dominate European domestic asset prices. Since yesterday, Italian bond yields have ballooned on reports of a draft government program, penned by the proposed populist coalition, the introduction of procedures within the eurozone to allow countries to quit the euro. The […]