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Geopolitical Events
The G20 Summit: President Trump-Xi Meeting
By Deepta Bolaky @DeeptaGOMarkets The G20 Summit The G20 Summit is an international forum for the governments and central bank governors from 19 countries and the European Union to discuss global economic challenges. Non-member countries can also be invited to attend the summit. The Group of Twenty nations attending the summit represents more th...
Read MoreUS Jobs Report
The Buraeu of Labor Statistics have released the latest jobs report for April. Let’s take a look at the latest numbers. The total non-farm payroll employment increased by 263,000 the U.S. Bureau of Labor Statistics reported today, beating the forecast of 190,000. Biggest job gains were in professional and business services, construction, healt...
Read MoreFrom Singapore to Hanoi – Summit 2.0
By Deepta Bolaky @DeeptaGOMarkets President Trump is on the “Tweet Rally” with positive headlines on the trade front and much confidence ahead of the Summit in Hanoi, Vietnam. Singapore Summit The Singapore Summit marked the first-ever meeting between the Head of State of North Korea and the United States. Both leaders signed a joint s...
Read MoreTrade Deadline Delayed – “Substantial Progress”
By Deepta Bolaky @DeeptaGOMarkets Monday started on a buoyant note as the weekend negotiations between the US and the Chinese officials on structural issues, including intellectual property protection, technology transfer, agriculture among others were productive which encouraged President Trump to extend the 1st March deadline. Asian stock...
Read MoreThe Dalian Port – “China’s Coal Ban”
By Deepta Bolaky @DeeptaGOMarkets Wednesday was the bearer of bad news for Australia. Despite the buoyant employment report which briefly lifted its local currency, the Australian dollar plummeted on Westpac’s rate cut forecasts and the news of China’s Coal Ban. Simmering diplomatic tensions could be the trigger behind the ban. The news t...
Read MoreA Busy End of the Month
By Deepta Bolaky @DeeptaGOMarkets US Government Shutdown President Trump has agreed to temporarily end the shutdown, putting an end to the most extended shutdown in US history. The three-week pause initially lifted investor sentiment and helped Asian stocks push higher on Monday’s open. It is reported that the shutdown cost the economy $11 bi...
Read MoreWorld Economic Forum: Buzzword – Populism
By Deepta Bolaky @DeeptaGOMarkets The word Populism is probably the buzzword at the World Economic Forum this year. The headlines this week were heavily dominated by the concerns of the rise of populism around the globe. “Brazil’s Bolsonaro is the Face of Populism at the Davos Forum” “Merkel encourages multilateralism in the fac...
Read MoreInternational Monetary Fund (IMF): Growth Warnings
By Deepta Bolaky @DeeptaGOMarkets The World Economic Outlook has further shifted to the downside. The growth estimates for 2019 and 2020 were downgraded in October 2018 mainly due to trade tensions. The recent further downward revisions were the result of the weakening momentum in key industrialised economies. The table below depicts the “We...
Read More432-202 – Biggest Defeat in Modern Times
By Deepta Bolaky @DeeptaGOMarkets Theresa May suffered the worst defeat in recent times in British history. The House has spoken, and Theresa May stated that the government will listen. “It is clear that the House does not support this deal, but tonight’s vote tells us nothing about what it does support.” It will be a big challenge for ...
Read MoreBrexit- A Decisive Week
By Deepta Bolaky @DeeptaGOMarkets The Parliament Vote is the pivotal stage for Brexit. If the Brexit deal is accepted, Britain will exit the EU in an orderly way. However, if the proposed Brexit deal is rejected, there will be many uncertainties to follow. Market participants will have to wait and see how Brexit will unfold as and when more ...
Read MoreMain Macro Themes In 2019
By Deepta Bolaky @DeeptaGOMarkets After a stellar year in 2017, investors were taken aback by the massive swings in the markets in 2018. The turmoil in the financial markets has created an environment of panic and fears about a global recession. Even though the risk of a recession is not on the horizon yet, we do expect 2019 to remain volatile...
Read MoreCanada – Taking A Look At The Loonie Economy
Canada News Flying Under The Radar Canada has been a predominant feature in financial news in the recent few months, with many discussions centered around the NAFTA and ‘new NAFTA’ agreement, the USMCA trade deal. But despite being such a significant story, it has arguably been overshadowed by the big moves in equity markets, Brexit negotiatio...
Read MoreBrexit and Italy
By Deepta Bolaky @DeeptaGOMarkets As we head into the Thanksgiving holidays, the continuing factors dominating headlines remain Brexit and Italy. This Wednesday was an important day for Brexit and Italy, but the events unfolded without any major catalysts or breakthrough. Theresa May and Jean-Claude Juncker meeting in Brussels: It appears th...
Read MoreG20 Summit 10th Anniversary
By Deepta Bolaky @DeeptaGOMarkets In the wake of the global financial crisis, the G20 summit has become a popular forum of global governance and cooperation. In the heat of the disaster, G20 members came together to sustain global financial stability. The G20 has been a useful pool of information and decision making that have steered the global...
Read MoreLatest US Jobs Report
The Buraeu of Labor Statistics have released the latest jobs report for September. Let’s take a look at the latest numbers. The total non-farm payroll employment increased by 134,000, the U.S. Bureau of Labor Statistics reported today versus the forecast of 185,000. Biggest job gains were in professional and business services, in health care, an...
Read MoreUSMCA – NAFTA 2.0
By Deepta Bolaky The fourth quarter kicked off with some good news on trade with a last-minute agreement between US-Mexico- Canada just before the deadline. "America first" is the slogan by Trump and he managed to do just that at least when renaming NAFTA to USMCA. The new agreement came with rules for cars and trucks, labour, IP protections and...
Read MoreItaly’s “First Budget” By the Populist Government
By Deepta Bolaky The newly-elected populist government in Italy will deliver its very first budget which will be pivotal to the Eurozone area. Italy has the second largest public government debt pile in Europe after the Greeks. The debt to equity ratio in Italy currently stands at 131.81% of its GDP, and market participants are questioning whether...
Read MoreGreece’s Bailout Comes to an End – A Goodbye to the Troika
By Deepta Bolaky After eight long years of crisis whereby Greece endured stringent budget austerity programs, the country’s bailout will finally come to an end. Greece will therefore have to finance itself by borrowing on international bond markets. Before the bailout Greece was battling massive debt, loss of investment and huge unemployment. N...
Read MoreNAFTA Update – Have US Negotiations Progressed?
It’s been one year since the trade renegotiations on the North American Free Trade Agreement (NAFTA) between Canada, the United States and Mexico began. Since then we have seen tough rhetoric on how the agreement should look like moving forward from each country, especially the United States. But are we finally getting closer to an agreement? Ab...
Read MoreChina Taking Stock Of US Trade Deficit Figures
The US official trade deficit number with China is $375.2bn in 2017. But According to China Customs General Administration, this number should be $275.8bn. Notice there is a vast gap between the versions from two sides. So, which version is closer to the facts? Firstly, let’s start this debate by looking at the US perspective. Previously in the...
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