translated from Spanish: 5 things you need to know to start this Tuesday

Queen confusion over what exactly was agreed in Argentina, the Treasury yield curve is reversed for the first time in ten years, and the United Kingdom could put an end to the brexit unilaterally, if you want to. Below are some of the things in that the markets are going to be talking about today.
Well… umm…
The Secretary of the Treasury of the United States, Steven Mnuchin, and the Chief Economic Adviser of Trump, Larry Kudlow, tried to revive expectations and Add qualifiers yesterday to statements by Chairman Donald Trump on elements of the agreement reached with China at the G-20. The more optimistic that Kudlow went on to say is that they were “commitments” that both sides “supposedly taken”. There was also some confusion over when it would start the truce tariff of 90 days. Kudlow said on January 1, date to the White House later corrected on 1 December. The Chinese response has been very notable by their absence. Bureaucrats of several government offices in Beijing expect the return of the President Xi Jinping to the country before comment or take any action.
Yield curve premium between the three- and five-year United States Treasury bond yields yesterday fell below zero. The two-year bond yield was also priced above the five-year this morning. Generally the markets see a reversal of spreads of two to 10 years as a harbinger of doom – a recession – and, although we are not yet there, 10-year yield fell below its moving average 200 days for the first time this year. Movements occur as investors revised their Outlook on the pace of adjustment of the Federal Reserve, but some analysts say that revisions to more moderate prospects are a mistake.
The brexit is not a California Hotel advisory opinion of the Court of the European Union said that the United Kingdom could, if he wanted to, withdraw unilaterally the brexit process. Although it may seem illogical, opinion could help the British Prime Minister, Theresa May, who want their agreement to be adopted in the Parliament. Now, the risk for the Eurosceptics from hardliners in his own party is that the rejection of the agreement will result in that the choice of an end of the brexit has much more weight. The pound rose after the non-binding opinion.
Declining markets last night, the MSCI Asia Pacific index fell a 0.6 per cent, while the Japan Topix index closed with a decline of 2.4 per cent as the yen appreciated against the dollar. The electronics manufacturers continued under pressure. In Europe, the Stoxx 600 index fell 0.3 per cent to 5:50 a.m., New York time, since investors reduce some of the movements of yesterday due to confusion about what was actually agreed at the G-20. S & P futures pointed to a fall in the opening of markets, the 10-year Treasury yield was 2,955 per cent and gold is appreciated.
Also today…
It is a lightweight data in United States day. Because of the national day of mourning tomorrow for the death of former President George HW Bush, publications scheduled for Wednesday have been postponed until Thursday. The much-anticipated testimony of the President of the Federal Reserve, Jerome Powell, before Congress has been postponed. United States markets will also be closed tomorrow.

Original source in Spanish

Related Posts

Add Comment