Category Archives: Macro Analysis
. Westpac consumer confidence at 3-year low There was pressure building up on the New Zealand dollar as consumer confidence in New Zealand, reported by Westpac on September 21, 2015, fell to a three-year low of 106 in 3Q15. Although a
After the recent Fed news, investors may want to review their exposure to these two market segments. Investors have spent much of the last couple of months fixated on the Federal Reserve (the Fed). In the end, last Thursday, the
This dynamic has been evident in the relative resilience of emerging market currencies, an important determinant of overall return for dollar-based investors. With a few notable exceptions, namely currencies in Malaysia and Indonesia, the currencies in most Asian emerging markets
Japan’s credit rating downgraded to A+ On Wednesday, September 16, Standard & Poor’s (or S&P) downgraded Japan’s sovereign credit rating. Japan’s sovereign debt is now rated A+. The rating was downgraded by one notch from the AA- it held earlier.
Despite the temptation to head for the exit, Russ discusses what investors should consider doing instead. Stocks tumbled again last week, as investors digested further evidence of slowing growth in China and numerous, somewhat conflicting statements from various Federal Reserve
Looking forward, the bumpy ride in the US is likely to continue, given the persistence of several factors, including a pending interest rate hike by the Federal Reserve (the Fed) and expensive US stock valuations. Without the tailwind of easier money,
Japan in an ugly deleveraging process In his paper released in February 2012, providing An In-Depth Look at Deleveragings, Ray Dalio—the founder of the $160 billion hedge fund, Bridgewater Associates—discussed that Japan is undergoing an “ugly deflationary deleveraging” process. Enlarge
Mixed cues from Latin America Latin American currencies were trading on mixed cues against the US dollar after the FOMC (Federal Open Market Committee) statement on September 17, 2015. Although a decision to hold off the hike in interest rates
Introduction of the bitcoin The bitcoin, which made its debut in 2009, is often referred to as the world’s first decentralized digital currency, and it has the highest market capitalization when compared to its peers. Its invention is credited to Satoshi
Manufacturing fell to -5 in September 2015 The Richmond Fed Manufacturing Index provides insight into price pressures on manufacturing activities. The composite index of manufacturing fell to -5 in September as compared to a reading of zero in August 2015.
Retail sales rise to $447.7 billion According to the U.S. Census Bureau, month-over-month retail sales rose by 0.2% in August. The rise was primarily driven by miscellaneous store retailers, food services, and the motor vehicle sector, while the offsetting effect