EMerging Equity
PBOC
Central Banks Out Of Control
By Jack Rasmus On Dec. 16, 2015, the U.S. central bank, the Federal Reserve raised short term interest rates. The move ended more than seven years during which the Fed kept rates at a near zero 0.25 percent or less. The move raises critical questions about the global economy for 2016, already slowing significantly since 2014. … Continue reading
Zimbabwe To Make Chinese Yuan Legal Currency After Beijing Cancels Debts
Zimbabwe has announced that it will make the Chinese yuan legal tender after Beijing confirmed it would cancel $40m in debts. “They [China] said they are cancelling our debts that are maturing this year and we are in the process of finalising the debt instruments and calculating the debts,” minister Patrick Chinamasa said in a … Continue reading
China Just Ended the Dollar Peg (…For The Most Part)
By JC Collins On March 25, 2015 I published a post titled When Will China End the Dollar Peg. In that post we speculated that the USD based managed peg of the RMB will be removed before the end of the year. Just in time for the implementation of the AEC trade agreement which starts … Continue reading
Weakening Currency And Economic Slowdown In China
By Peter Symonds Amid a continuing weakening of the Chinese currency, the People’s Bank of China (PoBC) has signalled new moves that could accelerate the slide in the renminbi’s value and trigger a currency war among export-dependent countries in Asia and internationally. Last Friday, as the renminbi hit its weakest level against the US dollar … Continue reading
Is A Large Yuan Devaluation In Store For 2016?
By Marc Chandler, Marc to Market Blog Following the mini-devaluation in August, the yuan appreciated in September and October. It began depreciating again in November and this has continued through the first half of December. The dollar finished the local session at new multi-year highs against the yuan. Many observers see in the pre-weekend announcement about monitoring … Continue reading
Meet China’s Gold Army
By Koos Jansen, BullionStar As part of the wide analysis of the Chinese domestic gold market I would like to share that since the seventies there is a special army in China dedicated to gold. It’s called The Gold Armed Police – if you can read Chinese have a look at this Wikipedia page. It’s no … Continue reading
Emerging Markets: Week Ahead Preview
By Marc Chandler, Marc to Market Blog (from my colleagues Dr. Win Thin and Ilan Solot) EM starts the week off on softer footing, as Friday’s jobs report supports the notion of December Fed lift-off. USD/ZAR is making new all-time highs, and we expect most of EM to revisit the lows from August and September as the … Continue reading
Divergence Update: Global Monetary Policy Cycles
By Marc Chandler, Marc to Market Blog (from my colleagues Dr. Win Thin and Ilan Solot) The global investment environment continues to be driven largely by divergences in central bank policies. This holds true not just across Developed Markets, but Emerging Markets as well. We thought it would be helpful to summarize our expectations of central bank … Continue reading
Emerging Markets: Preview Of The Week Ahead
By Marc Chandler, Marc to Market Blog (from my colleagues Dr. Win Thin and Ilan Solot) EM starts the week on a mixed footing. Turkey is the star performer from the surprise result of the elections that ended the period of political uncertainty, but there was limited spill over to other EM markets. Energy prices are still … Continue reading
China Said To Scrap Currency Controls By 2020
Chinese leaders are set to announce a deadline of 2020 to dismantle currency controls which have kept the world’s second-largest economy from fully integrating with global financial markets, Bloomberg reports. Top leaders in China will convene in Beijing over October 26-29 for the fifth plenary session — a key four-day policy-setting meeting that will be closely eyed by global investors — were they will discuss … Continue reading
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