trade war Archives - The Industry Spread

European Equities Positive on Trade War Cues, US Data in Focus

September 28, 2019

US Wall Street last night saw major indices and stocks close on dovish note as whistleblower accused US President Donald Trump of pressuring Ukraine to investigate one of his co-contenders in upcoming US Presidential elections. Asian markets opened on dovish note following cues from US market and maintained dovish price action across the day with several key stocks declining to 3-week lows. At end of Asian trading session, most major markets in Asia closed on dovish note for the week. However, declines in Asian market were capped on comments from Chinese representative Mr.

Global Equities Buckle on Trade War Woes, US Data & Aussie Q2 GDP in Focus

September 4, 2019

Global equities today saw a sharp slump across all key markets, be it Asian or European. The dovish influence in the market stems mostly from escalating caution surrounding Sino-U.S. trade war progress. While both nations have promised to schedule a face to face meeting to push forward with trade talks, they still continue to struggle to agree upon and schedule a date for meeting while fresh tariffs on goods of both nations became live this month.

Asian Indices Lower as Trade War Intensifies

August 27, 2019

Asian indices finished sharply lower at the start of the week as the trade war between China and USA intensifies. President Trump announced the increase of tariffs on $250 billion of Chinese goods to 30% from 25% starting Oct. 1, and above that, he will hike tariffs on another $300 billion in Chinese imports to 15% from 10%.

USD/JPY finally rebounds, Kiwi outperforms

June 5, 2019

Asian indices finished higher today as investor sentiment improves amid upcoming rate cuts from major Central Banks. The Nikkei225 finished 1.80 percent higher to 20,776 the Hang Seng benchmark in Hong Kong finished 0.30 percent higher at 26,846. The Shanghai Composite finished 0.06 percent higher to 2,862, while in Singapore the FTSE Straits Times index finished 0.61 percent higher to 3,142.

Eddie Yue: Speech at the ISDA 34th Annual General Meeting in Hong Kong

April 25, 2019

Thank you for inviting me to speak at the ISDA Annual General Meeting.  For those of you coming from overseas, let me welcome you to Hong Kong and the very dynamic Asian region.  By now, I hope you have experienced and enjoyed the vibrancy of the city.  Indeed, this same vibrancy runs through Asia, which has got strong economic momentum with a promising outlook.  But as central bankers, our job is to be on the lookout for future challenges and how to overcome them.  So today I’d like to start by outlining two near-term risks on my radar screen, and then discuss two longer-term challenges for Asia.  I would then offer some thoughts on how financial sector developments, including a lot of the efforts that ISDA has been involved in, can help overcome these challenges.