What do we want? 20%! This isn’t a demand for a wage increase – or for a cut in public spending. It’s for something altogether different and potentially even more disruptive. To find out what this is, read on. No, this isn’t a story about workers’ pay claims in China or some other fast-growing developing nation – even though similar such headlines [...]
Filed under: Economics | Tagged: China, FX, macroeconomics, markets, US | Leave a Comment »
Policymakers had their chance today to Greece behind us, as it were – and help start to convince markets that Greece will not be permitted to become the next Lehmans. In fact, however, the ECB came across as being rather complacent, while the Fed seemed to be signalling that it is getting worried about the possibility of contagion spreading across the Atlantic – spooking the markets in the process.
Filed under: Economics | Tagged: Euro area, fiscal policy, FX, macroeconomics, markets | Leave a Comment »
The markets have given up believing on the Greek myth that it can go it alone. Things seem to be clicking into place now for a renminbi adjustment, albeit a small one. And the Fed #2 now seems willing to be take a view that is a bit less complacent than the FOMC’s.
Filed under: Economics | Tagged: FX, global, growth, macroeconomics | Leave a Comment »
The Chinese premier has been outlining the arguments against yen appreciation. This may reflect worries that the US will label current policy as “currency manipulation”.
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The governor of the People’s Bank of China, Zhou Xiaochuan, has indicated that the case for letting the renminbi rise a little is gaining ground. But not all the ducks are in line as yet.
Filed under: Economics | Tagged: China, FX, macroeconomics, markets | Leave a Comment »
The IMF has said that the yuan is substantially undervalued; a Chinese official has talked of the need to change market expectations.
Filed under: Economics | Tagged: China, FX, macroeconomics, markets, monetary policy | Leave a Comment »
Kevin Gardiner is Head of Investment Strategy, EMEA
Greg B. Davies
Greg B. Davies, PhD, is Head of Behavioural Finance
Henk Potts
Henk Potts is Market Analyst
