Why 2020 could be a big year for international stocks over US equities

Some analysts and strategists have been urging clients to move more of their portfolio into international stocks. The international index rose 18.1%, but the S&P 500 jumped more than 28%. The global stock market got a negative shock in the first trading days of 2020. The European stock market is more sensitive to the global economy than the U.S. market, Luschini said, similar to equities in emerging markets. Because Chinese growth has such a large impact on the world’s economy, even a slight imp


Some analysts and strategists have been urging clients to move more of their portfolio into international stocks.
The international index rose 18.1%, but the S&P 500 jumped more than 28%.
The global stock market got a negative shock in the first trading days of 2020.
The European stock market is more sensitive to the global economy than the U.S. market, Luschini said, similar to equities in emerging markets.
Because Chinese growth has such a large impact on the world’s economy, even a slight imp
Why 2020 could be a big year for international stocks over US equities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: jesse pound
Keywords: news, cnbc, companies, global, stocks, investors, luschini, big, markets, 2020, market, international, index, dollar, equities, stock


Why 2020 could be a big year for international stocks over US equities

A pedestrian looks at an electric quotation board displaying the numbers on the Nikkei 225 Index on the Tokyo Stock Exchange and various markets around the world, in Tokyo. Kazuhiro Nogi | AFP | Getty Images

Eased trade tensions between the United States and China and signs of a strengthening global economy could be good news for international equities and European stocks in particular, according to market strategists. Some analysts and strategists have been urging clients to move more of their portfolio into international stocks. That advice follows a strong run for the U.S. market that widened the gap between domestic and foreign equities and capped a dominant decade for U.S. stocks. Since 2010, the S&P 500 rose more than 188%, an annualized rate of about 11.2%. The MSCI World ex US index saw much more modest gains, climbing 50.5% overall or roughly 4.2% per year. “If your asset allocation has significant domestic exposure and little-to-no international equity exposure, we think now is an excellent time to make a shift,” Bespoke Investment Group said in a note to clients last month.

Last year was strong for stocks around the world, but the U.S. still took the lead. The international index rose 18.1%, but the S&P 500 jumped more than 28%. The global stock market got a negative shock in the first trading days of 2020. Equities slipped following the U.S. airstrike that killed a top Iranian military leader. However, oil prices have moderated and stocks have avoided a multi-day selloff.

Global rebound

Much of the optimism about international markets comes from global economic data, where both hard and soft indicators suggest that the global slowdown may have bottomed out. Measures of manufacturing and global trade have ticked up in recent months. “We have reasons to believe that this improvement in manufacturing and trade can be sustained,” Morgan Stanley chief economist Chetan Ahya said in a note to clients. The Eurozone is one area where investors should increase their exposure, according to Mark Luschini, chief investment strategist at Janney Montgomery Scott, in part due to positive signs about the Chinese economy. The European stock market is more sensitive to the global economy than the U.S. market, Luschini said, similar to equities in emerging markets. Because Chinese growth has such a large impact on the world’s economy, even a slight improvement could spill into international markets, Luschini said. “If China merely stabilizes its growth from the deceleration that it’s had the last couple years, that’ll go a long way to putting a positive impulse into these equity markets,” Luschini said. Europe was home to a few countries where stocks saw better years than the United States in 2019, including Russia and Greece. Italy was one of the best performing G-7 countries last year, with the FTSE MIB roughly matching with the S&P 500 last year with a 28.3% gain, measured in euros. The Stoxx 600, a major European index, gained 24% last year. Investors can gain exposure to all of Europe through total market exchange traded funds for the region, such as Vanguard’s FTSE Europe ETF, or individual countries through a more targeted funds like iShares MSCI Germany ETF.

Foreign exchange

Another opportunity for return from international markets comes from the relative strength of the dollar. If investors buy international stocks and the dollar weakens against that foreign currency, the total return could be more than the stock return once the currency is converted back to dollars. The dollar index is currently about 2% off its 52-week highs, but is roughly 9% above its recent lows in early 2018. “The so-called real broad dollar surged in 2015 and 2016, with another decent rally in 2018, but not much change in 2019,” Bespoke said. “As a result, the dollar looks relatively strong but not dramatically by any means.” The strength of the dollar is determined in part by the purchasing power of other countries, so global growth could mean that other currencies strengthen against the dollar. “If you do see emerging growth abroad, that should lead to a relatively weaker dollar, which would feed into the returns for U.S. based investors that are earned in overseas markets,” Luschini said.

Central banks, Iran remain risks


Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: jesse pound
Keywords: news, cnbc, companies, global, stocks, investors, luschini, big, markets, 2020, market, international, index, dollar, equities, stock


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

2 reasons the dollar could ‘really surge’ in 2020, HSBC strategist says

The U.S. dollar could surge in 2020, according to a strategist from HSBC, and there are two “obvious channels” that could help it to rally. Speaking to CNBC’s “Street Signs Europe” on Tuesday, Dominic Bunning, senior FX strategist at HSBC, said the dollar’s resilience amid heightened U.S.-Iran tensions showed “just how good a currency the dollar is.” “The dollar is still pretty much the pre-eminent currency safe-haven, up there with the yen, but the dollar’s really what people want to own in the


The U.S. dollar could surge in 2020, according to a strategist from HSBC, and there are two “obvious channels” that could help it to rally.
Speaking to CNBC’s “Street Signs Europe” on Tuesday, Dominic Bunning, senior FX strategist at HSBC, said the dollar’s resilience amid heightened U.S.-Iran tensions showed “just how good a currency the dollar is.”
“The dollar is still pretty much the pre-eminent currency safe-haven, up there with the yen, but the dollar’s really what people want to own in the
2 reasons the dollar could ‘really surge’ in 2020, HSBC strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: chloe taylor
Keywords: news, cnbc, companies, dollars, obvious, hsbc, reasons, surge, dollar, strategist, 2020, market, really, currency, help


2 reasons the dollar could 'really surge' in 2020, HSBC strategist says

The U.S. dollar could surge in 2020, according to a strategist from HSBC, and there are two “obvious channels” that could help it to rally.

Speaking to CNBC’s “Street Signs Europe” on Tuesday, Dominic Bunning, senior FX strategist at HSBC, said the dollar’s resilience amid heightened U.S.-Iran tensions showed “just how good a currency the dollar is.”

“The dollar is still pretty much the pre-eminent currency safe-haven, up there with the yen, but the dollar’s really what people want to own in these kind of periods,” he said. “But it’s also the highest yielding G-10 (Group of Ten) currency — so you get the carry that’s normally associated with taking more risk, but you get the risk-off status of the dollar.”

Bunning said HSBC’s base case was for a resilient dollar.

“When you get these exogenous catalysts, this shows you that the dollar could potentially surge,” he added. “Compared to the consensus we’re definitely more bullish, and if anything we see routes where the dollar could really surge in 2020.”

According to HSBC, there are “two obvious channels” that would help the greenback to rally significantly this year.

“On the developed market side if growth doesn’t pick up, what are developed market policymakers going to do?” Bunning said.


Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: chloe taylor
Keywords: news, cnbc, companies, dollars, obvious, hsbc, reasons, surge, dollar, strategist, 2020, market, really, currency, help


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Gold nears 6-year high, other safe havens like bonds and dollar rise after US kills Iran general

Safe-haven assets rallied Friday after the U.S. killing of a top Iranian general sparked fears of a broader conflict that could disrupt energy production and drag down the global economy. Gold rose more than 1% to $1,547.19 per ounce, inches away from hitting a six-year high reached in September. The U.S. dollar index popped 0.2%, while the Japanese yen hit a two-month high of 107.92 against the greenback. Investors flocked to safe assets after the U.S. airstrike ordered by President Donald Trum


Safe-haven assets rallied Friday after the U.S. killing of a top Iranian general sparked fears of a broader conflict that could disrupt energy production and drag down the global economy.
Gold rose more than 1% to $1,547.19 per ounce, inches away from hitting a six-year high reached in September.
The U.S. dollar index popped 0.2%, while the Japanese yen hit a two-month high of 107.92 against the greenback.
Investors flocked to safe assets after the U.S. airstrike ordered by President Donald Trum
Gold nears 6-year high, other safe havens like bonds and dollar rise after US kills Iran general Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: yun li
Keywords: news, cnbc, companies, rise, know, safe, dollar, assets, iran, yield, havens, high, irans, gold, points, iranian, yen, nears, general, soleimani, kills


Gold nears 6-year high, other safe havens like bonds and dollar rise after US kills Iran general

Safe-haven assets rallied Friday after the U.S. killing of a top Iranian general sparked fears of a broader conflict that could disrupt energy production and drag down the global economy.

Gold rose more than 1% to $1,547.19 per ounce, inches away from hitting a six-year high reached in September. The benchmark 10-year Treasury yield, which moves inversely with bond prices, tumbled more than 6 basis points to around 1.82%, the biggest decline in one month. The U.S. dollar index popped 0.2%, while the Japanese yen hit a two-month high of 107.92 against the greenback.

Investors flocked to safe assets after the U.S. airstrike ordered by President Donald Trump killed Iran’s top general, Qasem Soleimani, in Baghdad. Soleimani had been a key figure in Iranian politics, and his death has raised concerns over a potential retaliation from the Iranian forces.

Iran’s foreign minister tweeted that the U.S. bears responsibility for all consequences of its “rogue adventurism,” while the Fars News Agency reported that Iran’s top security body will meet to discuss Tehran’s response.

“It is impossible to know what comes next,” Chris Rupkey, chief financial economist at MUFG, said in a note on Friday. “Markets don’t even know what they are waiting for to signal the all-clear siren.”

On the other hand, riskier equities sold off Friday with the Dow Jones Industrial Average futures down 300 points.


Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: yun li
Keywords: news, cnbc, companies, rise, know, safe, dollar, assets, iran, yield, havens, high, irans, gold, points, iranian, yen, nears, general, soleimani, kills


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

‘Million Dollar Listing’ star Ryan Serhant is giving away a free year in NYC—here’s how to win

And, in 2020, Serhant wants to help someone else realize their dream by giving them a “free year” in the city. His success didn’t happen overnight: After two years of struggling to make a living from acting gigs, he pivoted and decided to get his real estate license. He made just $9,000 his first year as a real estate agent, but he hustled to gain a foothold in the industry . Serhant understands first-hand how difficult it can be to try to build a career in such an expensive city. Don’t miss: ‘M


And, in 2020, Serhant wants to help someone else realize their dream by giving them a “free year” in the city.
His success didn’t happen overnight: After two years of struggling to make a living from acting gigs, he pivoted and decided to get his real estate license.
He made just $9,000 his first year as a real estate agent, but he hustled to gain a foothold in the industry .
Serhant understands first-hand how difficult it can be to try to build a career in such an expensive city.
Don’t miss: ‘M
‘Million Dollar Listing’ star Ryan Serhant is giving away a free year in NYC—here’s how to win Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: kathleen elkins
Keywords: news, cnbc, companies, listing, dream, star, serhant, city, york, vlog, nyc, free, giving, dollar, million, nycheres, youtube, ryan, real, estate, win


'Million Dollar Listing' star Ryan Serhant is giving away a free year in NYC—here's how to win

“Everything I have, over the last 10 years that I’ve built up — I really owe it to New York City,” he says in a vlog posted to his YouTube channel. And, in 2020, Serhant wants to help someone else realize their dream by giving them a “free year” in the city.

His success didn’t happen overnight: After two years of struggling to make a living from acting gigs, he pivoted and decided to get his real estate license. He made just $9,000 his first year as a real estate agent, but he hustled to gain a foothold in the industry . Today, Serhant is one of the most successful brokers in the world.

“This city has given me everything I have — a career, the most amazing family and the ability to follow whatever dream I have every single day,” says the 35-year-old “Million Dollar Listing” star , who moved to NYC in 2006 to pursue acting with just a small amount of savings.

Serhant plans to pay for one person’s rent for 12 months, plus provide a generous stipend: “They’ll have spending cash, they will have everything they need to not have any financial stress for 12 months,” he tells YouTube star Casey Neistat, who he’s teamed up with to promote the contest.

Applications are due Wednesday, January 8, 2020, and the winner will be announced later in the month. Here are the stipulations:

You have to be 21. You have to have “massive dreams,” says Serhant, and a passion for wanting to be in NYC. Your dream could be “literally anything,” he adds. “You could want to be a scientist or an actor or a content creator.” You have to be able to explain why you deserve this opportunity.

“It’s an application-based competition where someone will be hand picked by our team,” Serhant explains on the contest site, adding: “This is your chance to go all-in on yourself and focus solely on making it happen without any personal financial constraints.”

Serhant understands first-hand how difficult it can be to try to build a career in such an expensive city. “It’s hard to come here,” he says in his vlog, “especially when you’re young, if you can’t afford it.” But he also believes that he wouldn’t have been able to achieve his goals anywhere else in the world: “Yes, I work my ass off, but the city has helped — and now I want New York City to help somebody else.”

Find out more information about how to apply here.

Don’t miss: ‘Million Dollar Listing’ star Ryan Serhant started in real estate the day the market crashed 10 years ago — here’s what he learned

Like this story? Subscribe to CNBC Make It on YouTube!


Company: cnbc, Activity: cnbc, Date: 2020-01-03  Authors: kathleen elkins
Keywords: news, cnbc, companies, listing, dream, star, serhant, city, york, vlog, nyc, free, giving, dollar, million, nycheres, youtube, ryan, real, estate, win


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Indonesia plans fixed fees for e-wallet transactions

The rupiah breached the psychologically important level of 9,000 against the dollar, at it fell to its lowest level since November 2002. AFP PHOTO/ ADEK BERRY (Photo credit should read ADEK BERRY/AFP via Getty Images)Indonesia plans to impose fixed fees on some e-wallet transactions, five people familiar with the matter said, in a move that could choke a key revenue stream and raise costs for payment startups backed by the likes of Alibaba’s Ant Financial. Leading the pack of e-wallet firms in t


The rupiah breached the psychologically important level of 9,000 against the dollar, at it fell to its lowest level since November 2002.
AFP PHOTO/ ADEK BERRY (Photo credit should read ADEK BERRY/AFP via Getty Images)Indonesia plans to impose fixed fees on some e-wallet transactions, five people familiar with the matter said, in a move that could choke a key revenue stream and raise costs for payment startups backed by the likes of Alibaba’s Ant Financial.
Leading the pack of e-wallet firms in t
Indonesia plans fixed fees for e-wallet transactions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-31
Keywords: news, cnbc, companies, fixed, vendors, fees, startup, ewallet, firms, startups, dollar, plans, payments, transactions, smaller, indonesia


Indonesia plans fixed fees for e-wallet transactions

An Indonesian bank employee checks Indonesian Rupiah in Jakarta, 11 May 2004. The rupiah breached the psychologically important level of 9,000 against the dollar, at it fell to its lowest level since November 2002. Finance Minister Budiono sought to allay market concerns over the rupiahs recent sharp fall, saying that the local unit’s drop can be attributed to external factors as the US dollar has risen against other regional currencies. AFP PHOTO/ ADEK BERRY (Photo credit should read ADEK BERRY/AFP via Getty Images)

Indonesia plans to impose fixed fees on some e-wallet transactions, five people familiar with the matter said, in a move that could choke a key revenue stream and raise costs for payment startups backed by the likes of Alibaba’s Ant Financial.

Providers of e-wallet services in Southeast Asia’s largest economy currently customize fees for vendors, charging a premium from big retailers and absorbing costs for smaller merchants in an effort to get them to use their platforms.

But has already held talks with the biggest digital-payment startups to make fees on QR code transactions uniform, the people said, building on its move in August to standardize electronic payments that use the matrix barcode.

Bank Indonesia did not respond to repeated messages and calls requesting comment.

Leading the pack of e-wallet firms in the country is home-grown ride-hailing startup Gojek, backed by firms including ‘s Google, and startup OVO, in which Gojek rival Grab has a stake. Ant Financial’s e-wallet DANA trails them, along with state-owned payments platform LinkAja.

The central bank wants to fix some e-wallet transaction fees at 0.7%, the people added, a move that could deter smaller merchants that now pay next to nothing from staying on the e-wallet network or force the latter to increase incentives.

Fixed fees on payments at bigger vendors, like , that are currently charged as much as 2%, would also dent revenue for the e-wallet firms, the people said.

The startups have already burned through millions of dollars in incentives to lure vendors in Indonesia, where a multi-billion dollar digital payments industry has flourished as over half its nearly 270 million population have no

bank accounts.

The country’s internet economy was $40 billion this year and is expected to grow more than threefold by 2025, according to a report by Google, Temasek and Bain & Co.


Company: cnbc, Activity: cnbc, Date: 2019-12-31
Keywords: news, cnbc, companies, fixed, vendors, fees, startup, ewallet, firms, startups, dollar, plans, payments, transactions, smaller, indonesia


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks and earnings could get a boost from a weaker dollar in 2020

Why is the dollar going to fall? Julian Emanuel, head U.S. equities and derivatives strategist at BTIG, said he doesn’t think the weaker dollar is necessarily due to negative developments in the U.S. He’s wanted a weaker dollar and he certainly wants it coming into the election, because a weaker dollar causes exports to be stronger, not to mention S&P 500 earnings,” Emanuel said. “With a weaker dollar, the theory goes, the consumers of energy have more purchasing power, whether it’s U.S. exports


Why is the dollar going to fall?
Julian Emanuel, head U.S. equities and derivatives strategist at BTIG, said he doesn’t think the weaker dollar is necessarily due to negative developments in the U.S.
He’s wanted a weaker dollar and he certainly wants it coming into the election, because a weaker dollar causes exports to be stronger, not to mention S&P 500 earnings,” Emanuel said.
“With a weaker dollar, the theory goes, the consumers of energy have more purchasing power, whether it’s U.S. exports
Stocks and earnings could get a boost from a weaker dollar in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: patti domm
Keywords: news, cnbc, companies, boost, earnings, dollar, 2020, rest, weaker, world, going, exports, market, stocks


Stocks and earnings could get a boost from a weaker dollar in 2020

The strong dollar has been a sore point for multinationals reporting earnings, but that could change in 2020 and the currency could create some upside for the stock market.

Wall Street analysts expect a decline of several percent in the dollar in 2020, and it has already begun to slide, with a drop so far in the dollar index in the fourth quarter of 2.6% and a 1.5% in December. For 2019, the dollar index is up just about a half percent and is higher by about 5% over the past two years.

For S&P 500 companies, about 43% of their revenues are from overseas sales, according to S&P Dow Jones Indices. If the dollar weakens, the goods and services sold by those companies become cheaper for foreign customers. That in turn should help corporate profits and boost U.S. exports.

“I think it’s a trade-off,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. “The translation of those foreign earnings back into dollars may be helped, but if the reason the dollar is falling is because of a slowing U.S. economy, that’s going to offset the translation advantage. Why is the dollar going to fall? Because the U.S. economy is converging with the rest of the world, but that’s not going to be so good for the U.S. economy.”

Chandler expects the euro to continue making gains against the dollar, and it appears European PMIs are bottoming while the U.S. looks to be heading for softer growth.

“Is it just bad things in the U.S.? No, it can be good news overseas,” said Chandler. “The big theme has been the U.S. has been much stronger than Europe or Japan. Maybe the growth differential narrows.”

Julian Emanuel, head U.S. equities and derivatives strategist at BTIG, said he doesn’t think the weaker dollar is necessarily due to negative developments in the U.S. The phase one trade agreement with China and a new trade treaty with Canada and Mexico set up other parts of the world to do better economically.

“We are fully on board with the weak dollar idea. In our view, there are a number of reasons why it could happen. Primarily it’s the virtuous reason,” Emanuel said. “Basically the rest of the world is playing catch-up to us. Whether it’s because of progress on the trade war front or progress in terms of Brexit. Whatever it is, we think the spread between U.S. economic outcomes and the rest of the world’s outcomes is going to narrow.”

Emanuel said he would expect to see the dollar lose about 3% to 5% in 2020, and that slide is good for corporate earnings.

“What we have said is a 1% move in the dollar, when you’re looking at the S&P 500 is likely to cause a 30 basis point change in earnings,” he said. “If the dollar moves 3% to 5%, you could see somewhere along the lines of 1% to 1.5% tailwind to S&P 500 earnings.”

The election year is likely to be a period where the dollar weakens, and it could weaken more if there is uncertainty, such as ascension of a candidate that has policies that are unfriendly to business. The market currently perceives President Donald Trump as winning re-election, analysts say.

“The president has been very, very effective in achieving the market outcomes he’s been thinking about. He’s wanted a weaker dollar and he certainly wants it coming into the election, because a weaker dollar causes exports to be stronger, not to mention S&P 500 earnings,” Emanuel said. “The less virtuous side of this is this could be one of these things where the market assigns a greater political risk to the U.S. relative to the rest of the world, which seems to be sorting itself out.”

Emanuel said he is neutral on technology, though it should be helped by a softer dollar. He currently favors the beaten-down energy sector. “Over the long haul, energy has tended to correlate inversely to a falling dollar. It tends to outperform when the dollar is falling,” he said. “With a weaker dollar, the theory goes, the consumers of energy have more purchasing power, whether it’s U.S. exports or what have you.”

But Chandler said even the positives from a weaker dollar may not be enough to rescue the economy, and he expects more stimulus from Fed easing next year. “A weaker dollar could help make U.S. exports attractive. The U.S. only exports about 14% to 15% of GDP. It’s a small part of the economy. It won’t make up enough if the consumer really pulls back,” he said, adding the consumer is about 70% of the U.S. economy.

But if the dollar continues to fall, it could help clarify the outlook for corporate profits. Back in mid-October, Coca-Cola CFO John Murphy said that the dollar strengthened, rather than weakened as expected, and that could pose headwinds for 2020. At the time, the company reported a 6% currency headwind to earnings per share.

Murphy made the comment when Coke reported earnings, and the company will provide its full 2020 outlook in February.


Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: patti domm
Keywords: news, cnbc, companies, boost, earnings, dollar, 2020, rest, weaker, world, going, exports, market, stocks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Yen sags as prospects for US-China trade deal looking good

Beijing said on Wednesday it is in close touch with Washington on a trade deal signing ceremony, a day after U.S. President Donald Trump said that he and Chinese President Xi Jinping will have a ceremony to sign the recently struck trade deal. But this week China has announced cuts in its tariffs while Trump also talked about a ceremony for the deal. So it feels more likely that the deal will come through,” said Ei Kaku, currency strategist at Nomura Securities. Against the yen, the dollar rose


Beijing said on Wednesday it is in close touch with Washington on a trade deal signing ceremony, a day after U.S. President Donald Trump said that he and Chinese President Xi Jinping will have a ceremony to sign the recently struck trade deal.
But this week China has announced cuts in its tariffs while Trump also talked about a ceremony for the deal.
So it feels more likely that the deal will come through,” said Ei Kaku, currency strategist at Nomura Securities.
Against the yen, the dollar rose
Yen sags as prospects for US-China trade deal looking good Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-26
Keywords: news, cnbc, companies, currencies, currency, dollar, prospects, china, deal, month, earlier, uschina, good, risk, sags, looking, trade, yen


Yen sags as prospects for US-China trade deal looking good

The dollar edged up slightly against the yen while risk-sensitive currencies held firm on Thursday, buoyed by optimism of easing trade tensions between the United States and China and signs of recovering global growth.

Beijing said on Wednesday it is in close touch with Washington on a trade deal signing ceremony, a day after U.S. President Donald Trump said that he and Chinese President Xi Jinping will have a ceremony to sign the recently struck trade deal.

“There have been some doubts over whether they can really sign a deal. But this week China has announced cuts in its tariffs while Trump also talked about a ceremony for the deal. So it feels more likely that the deal will come through,” said Ei Kaku, currency strategist at Nomura Securities.

Against the yen, the dollar rose 0.2% to 109.54 yen and within striking distance of a six-month high of 109.73 touched earlier this month. The euro barely moved at $1.10905.

The Australian dollar held firm at $0.6927, a shade below its four-month peak of $0.6939 touched earlier this month while the kiwi traded at $0.6648, near its highest level in five months.

Global currency markets remained in holiday mood following Christmas Day on Wednesday and with several centers still closed on Thursday.

However, traders have taken a positive lead after Washington and Beijing struck an interim agreement on trade earlier this month, which is expected to continue to underpin risk assets.

Surveys on manufacturing activity in many countries have also shown signs of a bottoming out in recent months.

In currency markets, stronger risk appetite usually translates to more selling in safe-haven currencies, such as the yen, against currencies leveraged more to growth, particularly that in China, such as the Australian dollar.

“While global share prices have been rallying, the currency market has seen limited reaction so far but I think currencies will have a catch-up to do,” said Koichi Kobayashi, chief manager of forex at Mitsubishi UFJ Trust Bank.

The offshore yuan strengthened slightly to 6.9905 yuan per dollar.

“I think it could reach the 6.8 handle when the deal is officially signed,” said Nomura’s Kaku.

Also mildly supporting risk sentiment, a report by Mastercard Inc showed on Wednesday that U.S. holiday sales rose a brisk 3.4%, though it was short of a 5.1% increase last year.

Elsewhere, sterling traded at $1.2986, up a bit from levels before the Christmas holidays though still way below its Dec. 13 peak of $1.3516.


Company: cnbc, Activity: cnbc, Date: 2019-12-26
Keywords: news, cnbc, companies, currencies, currency, dollar, prospects, china, deal, month, earlier, uschina, good, risk, sags, looking, trade, yen


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dollar firm against most majors in holiday-lulled trading

The dollar edged higher against the euro in holiday-thinned trading on Tuesday, ahead of the Christmas holiday, while the British pound looked set to snap a five-day streak of losses against the U.S. currency. “The U.S. dollar is showing a firmer profile against most of the major currencies,” Chandler said. The dollar index, which measures the greenback against six major currencies, was up 0.06% at 97.715. The Australian dollar, while about flat on the day against the dollar, remained close to a


The dollar edged higher against the euro in holiday-thinned trading on Tuesday, ahead of the Christmas holiday, while the British pound looked set to snap a five-day streak of losses against the U.S. currency.
“The U.S. dollar is showing a firmer profile against most of the major currencies,” Chandler said.
The dollar index, which measures the greenback against six major currencies, was up 0.06% at 97.715.
The Australian dollar, while about flat on the day against the dollar, remained close to a
Dollar firm against most majors in holiday-lulled trading Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-24
Keywords: news, cnbc, companies, currencies, holidaylulled, majors, dollar, trading, pound, firm, chandler, measures, day, yuan, traded, trade


Dollar firm against most majors in holiday-lulled trading

The dollar edged higher against the euro in holiday-thinned trading on Tuesday, ahead of the Christmas holiday, while the British pound looked set to snap a five-day streak of losses against the U.S. currency.

Against the dollar, the euro was 0.05% lower.

“The holiday has already shut several markets, and those that are open are lightly traded,” Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, said in a note.

“The U.S. dollar is showing a firmer profile against most of the major currencies,” Chandler said.

The dollar index, which measures the greenback against six major currencies, was up 0.06% at 97.715.

The dollar, up about 1.6% for the year as measured by the dollar index, has broadly benefited during bouts of risk aversion – because it is considered a safe-haven currency – and when markets have rallied, because the U.S. economy is outperforming other parts of the world.

However, a recent cooling of trade-related tensions between the United States and China, following an interim trade agreement earlier this month, has led investors to favor trade-sensitive currencies over the greenback.

The Australian dollar, while about flat on the day against the dollar, remained close to a five-month high against the greenback.

The Aussie tends to do well when optimism grows over global trade and China’s economy.

China’s yuan was about flat on the day after Premier Li Keqiang said the government was considering more measures to lower corporate financing costs and hinted at “targeted” cuts in banks’ reserve requirement ratio. The offshore yuan last traded at 7.008.

The Canadian dollar was trading 0.08% lower against the greenback at 1.3154 to the U.S. dollar, or 75.99 U.S. cents, a day after data showed Canada’s economy unexpectedly shrank by 0.1% in October.

Sterling, which has fallen against the dollar for five straight days, as its post-election rally floundered amid growing anxiety around the possibility of a hard and chaotic Brexit in the coming months, steadied on Tuesday.

Sterling was up 0.13% at $1.295. The pound, which had surged after Boris Johnson’s Conservative Party won a majority in the UK general election on Dec. 12, has given up all those gains and some more.

“We suspect that the bulls have pared their positions amid the buy the rumor sell the fact activity since the election,” Bannockburn’s Chandler said.


Company: cnbc, Activity: cnbc, Date: 2019-12-24
Keywords: news, cnbc, companies, currencies, holidaylulled, majors, dollar, trading, pound, firm, chandler, measures, day, yuan, traded, trade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Why Starbucks has less than 3% of Vietnam’s billion dollar coffee and tea market

Why Starbucks has less than 3% of Vietnam’s billion dollar coffee and tea marketMost international coffee chains only serve Arabica beans. It’s one major reason global chains like Starbucks have struggled in Vietnam’s more than $1 billion market for specialty coffee and tea shops.


Why Starbucks has less than 3% of Vietnam’s billion dollar coffee and tea marketMost international coffee chains only serve Arabica beans.
It’s one major reason global chains like Starbucks have struggled in Vietnam’s more than $1 billion market for specialty coffee and tea shops.
Why Starbucks has less than 3% of Vietnam’s billion dollar coffee and tea market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-23
Keywords: news, cnbc, companies, starbucks, market, chains, dollar, tea, shops, coffee, vietnams, specialty, billion, serve, struggled


Why Starbucks has less than 3% of Vietnam's billion dollar coffee and tea market

Why Starbucks has less than 3% of Vietnam’s billion dollar coffee and tea market

Most international coffee chains only serve Arabica beans. It’s one major reason global chains like Starbucks have struggled in Vietnam’s more than $1 billion market for specialty coffee and tea shops.


Company: cnbc, Activity: cnbc, Date: 2019-12-23
Keywords: news, cnbc, companies, starbucks, market, chains, dollar, tea, shops, coffee, vietnams, specialty, billion, serve, struggled


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dollar set for best week in a month as sterling nurses losses

The dollar was largely steady against other major currencies on Friday but set for its best week in a month thanks to a stronger tone to economic data. Sterling, which has taken a beating from renewed concern over a hard Brexit, was set for its worst week in over two years against the greenback. Data this week has fueled expectations that the U.S. Federal Reserve is unlikely to cut interest rates again in the near future, bolstering the dollar. It has recovered almost 0.9% from five-month lows h


The dollar was largely steady against other major currencies on Friday but set for its best week in a month thanks to a stronger tone to economic data.
Sterling, which has taken a beating from renewed concern over a hard Brexit, was set for its worst week in over two years against the greenback.
Data this week has fueled expectations that the U.S. Federal Reserve is unlikely to cut interest rates again in the near future, bolstering the dollar.
It has recovered almost 0.9% from five-month lows h
Dollar set for best week in a month as sterling nurses losses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-20
Keywords: news, cnbc, companies, economic, brexit, dollar, euro, nurses, week, sterling, losses, best, pound, firmer, win, weekly, set, month


Dollar set for best week in a month as sterling nurses losses

U.S. one-hundred dollar banknotes are arranged for a photograph in Hong Kong on April 15, 2019.

The dollar was largely steady against other major currencies on Friday but set for its best week in a month thanks to a stronger tone to economic data.

Sterling, which has taken a beating from renewed concern over a hard Brexit, was set for its worst week in over two years against the greenback. Against the euro, the pound was poised for its largest weekly loss since July 2017.

Trade was generally subdued ahead of the Christmas and New Year holiday period.

A final reading of U.S. economic growth in the third quarter, due out later, was expected to get some attention.

Data this week has fueled expectations that the U.S. Federal Reserve is unlikely to cut interest rates again in the near future, bolstering the dollar.

The dollar index was a touch firmer at 97.41. It has recovered almost 0.9% from five-month lows hit last week and is up 0.3% this week, poised for its biggest weekly rise in a month.

“We’ve held a constructive view on the dollar for two years and expect it to hold relatively steady in the first half of next year, then weaken against the euro as we think the Fed will have to cut rates again,” said Piotr Matys, a currency strategist at Rabobank.

The euro was flat at $1.11210, while the dollar was a touch firmer at 109.39 yen.

The Chinese yuan held just on the strong side of the symbolic 7-per-dollar as China’s unveiling of new tariff exemptions on U.S. chemical and oil product imports supported optimism about the Sino-U.S. trade detente.

China kept its lending benchmark rate unchanged on Friday, but markets widely expect further monetary easing in 2020 to arrest an economic slowdown.

Britain’s pound steadied, nursing heavy losses. It was 0.15% firmer at $1.3023 and at 85.40 pence per euro.

More than three years since Britain voted to exit the European Union in a 2016 referendum, Prime Minister Boris Johnson’s government will leave the political bloc at the end of January and has set Dec. 2020 as a hard deadline to reach a trade agreement, knocking sterling.

Just a week ago the pound had shot up as a resounding win for Johnson’s Conservative Party in a national election boosted hopes that near-term Brexit uncertainty would end.

“The market was always a little bit naive in a way to think that a Tory election win was going to remove the fog of Brexit,” said Ray Attrill, head of FX strategy at National Australia Bank. “There were obviously some longs in weak hands that got forced out.”


Company: cnbc, Activity: cnbc, Date: 2019-12-20
Keywords: news, cnbc, companies, economic, brexit, dollar, euro, nurses, week, sterling, losses, best, pound, firmer, win, weekly, set, month


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post