Market Flash: The Spirit Of Compromise Returns

Edmond de Rothschild
By September 17, 2019 16:55

Market Flash: The Spirit Of Compromise Returns

US-China tensions eased further over the week and Beijing exempted US products from import duties only a few days before both sides were due to meet for talks. China might even resume importing US agricultural products like soya. Meanwhile, over in Washington, Donald Trump announced that a 5% additional tax on Chinese imports had been put off for a fortnight and said he was mulling a partial agreement. Elsewhere, central banks opted for growth stimulus measures. In China, the PBoC cut its required reserve ratio for banks. And the ECB unveiled a series of measures including a cut in deposit rates, €20bn in monthly QE for as long as necessary, a move to a two-tiered system to exempt part of surplus bank reserves from negative interest rates and a TLTRO3 extension from 2 to 3 years.

Edmond de Rothschild
By September 17, 2019 16:55


Featured Events & Webinars

  1. T. Rowe Price – Webinar – What will a new era bring for Japan?

    October 7 @ 10:00 - 10:30


"The relentless run in #riskassets over the last five months finally faded a bit in early September, as the S&P 500 fell nearly 8% and the tech-heavy #NASDAQ fell 11%. This year’s returns have been heavily influenced by the …" ->

"All eyes were on #centralbanks. As expected, the #Fed left its rates unchanged. It even said they would not move until inflation rose above 2% and stayed there for some time, a situation ..." ->

"Some regions of #Europe are returning to #lockdown – for instance some districts of Madrid badly hit by the second wave of the #pandemic. Yet, for now these lockdowns are ..." -> #ecb

Various central banks met last week and offered markets the comfort of ongoing stimulus. #ChartoftheWeek plots both historic US interest rates and the market’s implied expectations, forecasting no normalisation. Read more in our #FixedIncome roundup:

Load More...

Search on date

September 2019