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Today’s trading started with the regular daily press review!
Dukascopy offers its traders a couple of links that allows the readers to stay in touch with the latest opinions and all the information that reports the latest events and market moves.
I took the opportunity to read an article about Trump’s behaviours against China, the means for it and what it can represent for global policy and trade.
An article available on the following link, written by Yasheng Huang, a professor of global economics and management at the MIT Sloan School of Management.
I share some of Huang’s views and remarkable quotes:
Another article gathered my attention. This one tops one of 2017 main events in Europe, besides several electoral processes, Brexit! Yes, Brexit again! Brexit negotiations will play a major stake in the old continent policy, trade relations and in its future as a Union itself.
Will Martin at Business Insider reported Morgan Stanley analysts, who says that UK’s economy can avoid a substantial damage if negotiations satisfy all parties.
The full version can be accessed on the following link.
UK’s economy shall experience slower growth figures than the ones committed with 2016. Martin reports Morgan Stanley analysts’ that argue that:
In fact this previous article reminded me an interview of former Lloyds of London Chairman Peter Levene, intervied by Francine Lacqua on "Bloomberg Surveillance" in October last year. When asked about if London will suffer from Brexit, Mr. Leven answered:
In fact according to Morgan Stanley analysts, reported by Will Martin:
Fellow traders and community members: Have a Nice and Pleasant Weekend!
Dukascopy offers its traders a couple of links that allows the readers to stay in touch with the latest opinions and all the information that reports the latest events and market moves.
I took the opportunity to read an article about Trump’s behaviours against China, the means for it and what it can represent for global policy and trade.
An article available on the following link, written by Yasheng Huang, a professor of global economics and management at the MIT Sloan School of Management.
I share some of Huang’s views and remarkable quotes:
Trump’s diplomatic breach sent shock waves across Asia (...)
[I]nflaming Chinese government and military hardliners, if he confirms their belief that the U.S. wants to undermine their country’s “core interests” (...)
Trump is apparently antagonizing China for no good reason. Worse, by announcing that the U.S. will withdraw from the Trans-Pacific Partnership — designed, at least in part, to shape global trade and investment flows according to Western rules, rather than China’s mercantilist vision (...) With Trump’s help, the “Chinese Century” may arrive sooner than anyone expected. (...)
Trump is provoking China while simultaneously empowering and enabling it. This is not the art of the deal. It’s the road to disaster.
[I]nflaming Chinese government and military hardliners, if he confirms their belief that the U.S. wants to undermine their country’s “core interests” (...)
Trump is apparently antagonizing China for no good reason. Worse, by announcing that the U.S. will withdraw from the Trans-Pacific Partnership — designed, at least in part, to shape global trade and investment flows according to Western rules, rather than China’s mercantilist vision (...) With Trump’s help, the “Chinese Century” may arrive sooner than anyone expected. (...)
Trump is provoking China while simultaneously empowering and enabling it. This is not the art of the deal. It’s the road to disaster.
Another article gathered my attention. This one tops one of 2017 main events in Europe, besides several electoral processes, Brexit! Yes, Brexit again! Brexit negotiations will play a major stake in the old continent policy, trade relations and in its future as a Union itself.
Will Martin at Business Insider reported Morgan Stanley analysts, who says that UK’s economy can avoid a substantial damage if negotiations satisfy all parties.
The full version can be accessed on the following link.
UK’s economy shall experience slower growth figures than the ones committed with 2016. Martin reports Morgan Stanley analysts’ that argue that:
Actual Brexit is more than two years away, potentially delaying most of any structural change that could bring job losses in some sectors.
(...)
We see upside risks to our pay growth forecast for several reasons: 1) The National Living Wage is set to rise another 4.2% in April.2) With the UK close to full employment workers may demand (and be granted)higher pay growth than in our central case to compensate for higher inflation.3) We could see a sharp fall in net migration (e.g.as a result of the weak GBP, perceptions of a more hostile UK and improving labour market conditions in the rest of the EU), tightening the UK labour market further.
(...)
We see upside risks to our pay growth forecast for several reasons: 1) The National Living Wage is set to rise another 4.2% in April.2) With the UK close to full employment workers may demand (and be granted)higher pay growth than in our central case to compensate for higher inflation.3) We could see a sharp fall in net migration (e.g.as a result of the weak GBP, perceptions of a more hostile UK and improving labour market conditions in the rest of the EU), tightening the UK labour market further.
In fact this previous article reminded me an interview of former Lloyds of London Chairman Peter Levene, intervied by Francine Lacqua on "Bloomberg Surveillance" in October last year. When asked about if London will suffer from Brexit, Mr. Leven answered:
We’ve been here before along time ago in 1999 in the introduction of Euro; we were not going to be in the Euro and London and the UK would be out of business... and what happened? Didn’t happen no way at all. If you look at the all scene today, the size of the financial services in the UK is so big, if you try to replicate it that elsewhere rather than London... London is pretty resilient!
In fact according to Morgan Stanley analysts, reported by Will Martin:
Banks are vastly better capitalised than in the pre-GFC period. They are now more able to weather a downturn before needing to sharply draw in domestic credit availability.
Fellow traders and community members: Have a Nice and Pleasant Weekend!