By Mike Dolan LONDON (Reuters) – China’s seeming determination to hold the yuan stable in the face of a deflationary asset price bust and capital flight leaves it with an …
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By Mike Dolan LONDON (Reuters) – If the first cut is the deepest, timing will be everything. For all the rhetorical pushback from officials, markets are doggedly clinging to March …
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By Mike Dolan LONDON (Reuters) – After six months of churning interest rate speculation, few now doubt 2024 will see the three major Transatlantic central banks easing policy – the …
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By Mike Dolan LONDON (Reuters) – For all the valuation and diversification arguments routinely touted, bitter and sweet experience tells U.S. investors to stay at home. A decade of underperformance …
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By Mike Dolan LONDON (Reuters) – Few central bank watchers think the electoral cycle will change the course of monetary policy – but it could complicate the precise timing of …
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By Mike Dolan LONDON (Reuters) -What if the “last mile” is a breeze? Despite what seems like euphoria about disinflation and interest rate easing, it’s also fashionable to speak of …
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By Mike Dolan LONDON (Reuters) – Hold on to your hats. Central banks appear in no mind to rehabilitate the forward policy guidance prevalent before the pandemic and that’s forcing …
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By Mike Dolan LONDON (Reuters) – Even allowing for China’s messy cyclical ebb and flow and global political tensions of the day, the exit of long-term foreign capital from the …
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By Mike Dolan LONDON (Reuters) – With a rosy picture of stock and bond gains next year now the running consensus, forecasters are managing an impressive leap of faith over …
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By Mike Dolan LONDON (Reuters) – To say investors were unprepared for 5% U.S. Treasury yields is perhaps the market understatement of the year – but they are now frantically …
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By Mike Dolan LONDON (Reuters) -The expanding shadows of private credit seem an odd place to lurk if central banks’ ‘higher-for-longer’ mantra on interest rates suggests they keep things tight …
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By Mike Dolan LONDON (Reuters) – An eerie calm in U.S. Treasuries seems at odds with uncertainty about the end of the harshest tightening cycles in decades – but it’s …
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By Mike Dolan LONDON (Reuters) -Whether China has become “uninvestable” or not, avoidance of the world’s second-largest economy suggests the economic and political risks there have simply become too hard …
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By Mike Dolan LONDON (Reuters) – European Central Bank (ECB) officials seem irked that they are not being taken seriously by markets – risking a show of force in Frankfurt …
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By Mike Dolan LONDON (Reuters) – Markets appear to have batted away next month’s Federal Reserve gathering as a paused ‘also ran’ meeting in favor of second-guessing about a November …
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By Mike Dolan LONDON (Reuters) – Even if the U.S. dollar’s singular dominance as global currency of choice is in fact ebbing, it may not automatically lead to a weaker …
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By Mike Dolan LONDON (Reuters) – Britain’s interest rate horizon skyrocketed this week on another alarming inflation reading that some fear entrenches the economy as outlier among Western peers – …
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By Mike Dolan LONDON (Reuters) – Sterling’s been down so long, this looks like up to most people. Against the dark mood surrounding the British economy and dour positioning on …
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By Mike Dolan LONDON (Reuters) – Cash-like money funds could increasingly suck deposits from smaller U.S. banks until lagging bank savings rates are finally forced up to compete while the …
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By Mike Dolan LONDON (Reuters) – The dollar could do with some cheering up. According to the ‘dollar smile’ theory developed by currency expert and now hedge fund manager Stephen …
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By Mike Dolan LONDON (Reuters) – If this month’s U.S. banking stress owes at least something to the Federal Reserve’s reduction of its mammoth balance sheet, then the central bank …
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By Mike Dolan LONDON (Reuters) – After six weeks of frantic forecast changes, world markets seem to have lost the plot on where interest rates will go in this cycle …
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By Mike Dolan LONDON (Reuters) -If skittish markets are just testing the extremes of possible central bank outcomes, policymakers who have bemoaned investor complacency for months may soon have to …
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By Mike Dolan LONDON (Reuters) – If Fed steers on the time it takes interest rate hikes to hit the real economy are anything to go by, the state of …
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By Mike Dolan LONDON (Reuters) -The end of modern globalisation may owe more to the fortunes of the U.S. dollar than Kremlinologists, Sinologists or military analysts acknowledge. A year from …