Who said China’s financial markets were in turmoil? Since January last year, the yield on the country’s benchmark 10-year government bond – which moves inversely to prices – has fallen …
This fuelled a sharp rally in the yen, causing a disorderly unwinding of the yen-funded “carry trade” and contributing to a staggering 20 per cent decline in the Topix index, …
China’s cyclical and structural economic woes have put further strain on the yuan. Morgan Stanley notes that China is on course for the longest period of deflation since the late …
The shock result is a kick in the teeth for pollsters. For markets, it is a reminder that complacency can be costly. Yet, foreign institutional investors – whose bullish views …
Yet despite all these risks and vulnerabilities, a sense of optimism permeates markets. While it is often hard to disentangle complacency from bullishness, sentiment has not been this upbeat since …
The persistent deterioration in the housing sector has “breached policymakers’ pain threshold, pushing them to step up housing easing and shift the strategic focus towards digesting existing inventory,” Goldman Sachs …
If this year’s US presidential election were held today, former president Donald Trump would probably win. While much can happen between now and November 5, things are not looking good …
In fact, there are concerns there is too much speculative demand. Earlier this month, the government announced it was investigating two misleading listings of HDB resale flats that were put …
At the beginning of this year, futures markets were pricing in six quarter-point cuts in US interest rates in 2024. The Federal Reserve, the world’s most important central bank, expected …