NON-DAVOS DAVOS It is the end of January, so time for the Davos World Economic Forum (WEF), and Chinese President Xi Jinping, German Chancellor Angela Merkel, Japanese Prime Minister Yoshihide Suga and European Central Bank chief Christine Lagarde are among this year’s big-name [...]
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BIDEN BOOST? On Wednesday, Joe Biden will be inaugurated as the 46th president of the United States, taking over the leadership of a country racked by COVID-19, deep socio-economic divisions and facing challenges to its global leadership role. Biden has proposed [...]
BIDEN BET One trade is gripping markets in the early days of 2021: reflation - nowhere more evident than in bonds, where U.S. 10-year Treasury yields topped 1% on Georgia’s Senate runoff results.Betting on a fiscal boost under President-elect Joe Biden, investors pushed [...]
CHRISTMAS CONUNDRUM Christmas is coming and many countries are torn between giving citizens a respite from stringent restrictions and tightening those restrictions with coronavirus cases soaring. Recent days saw the toughest tier of restrictions imposed on much of England, Germany going [...]
BREXIT AND BOE When the Bank of England announced a 150 billion pound increase in stimulus last month, it probably didn’t anticipate acting again soon. If a Brexit trade deal had been signed by now, as expected, that would have been sufficient [...]
BREXIT MARATHON An EU official likened the current state of Brexit negotiations to a marathon where runners are “past kilometre 40” of the just over 42-km race. But four weeks before the transition period expires, a no-deal outcome is clearly a risk. Britain [...]
MORE PITFALLS It has been a year many would prefer to forget and a month of 2020 still remains -- one replete with events that could trip up markets. Here they are: Dec. 1: A month before the UK-EU transition deal ends. [...]
STICKY TALKS Britain and the European Union are said to be on the verge of clinching a post-Brexit trade deal that would regulate their relationship after the transition period ends on Jan. 1, 2021 -- six weeks away. Diplomats say three [...]
RECOVERY ALPHABET SOUP The world economic outlook is suddenly a little bit brighter after upbeat news on the Pfizer COVID-19 vaccine. Hopes of a strong “V” or even a “U” -shaped recovery faded after a second wave of infections forced major economies [...]
MILLION DOLLAR QUESTIONS Election week was not kind to the dollar. It flirted with yearly lows following a closer-than- anticipated contest that scuppers plans for a spending splurge and ushers in more predictable trade policies. The world’s reserve currency might well catch a [...]