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With no clear path for Brexit, expect more volatility in UK markets

The United Kingdom’s newly minted Prime Minister Boris Johnson has stepped up his “no deal” rhetoric, claiming he will not meet with EU leaders unless they agree to change key aspects of Britain’s divorce deal and sending the British pound spiralling downwards.Regarding his purportedly hardline stance, Johnson’s exact words were “no ifs, no buts”. This position has prompted market concerns that the UK economy could face significant disruption in the event of a no-deal Brexit. As of writing, the… Source link

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China stocks drop amid low volatility as caution over subdued earnings, growth mounts

China stocks fell for the first time in four days on Tuesday as traders assessed the outlook for corporate earnings and economic growth. Volatility on the benchmark Shanghai Composite Index also fell to about a four-month low.The index declined 0.2 per cent, or 4.57 points, to 2,937.62 at the close. The daily swing in the benchmark has not exceeded 1 per cent over the past week on a closing basis, leaving the gauge’s 60-day volatility close to its lowest level since March.In Hong Kong, the Hang… Source link

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Vietnam 

Gold continues to climb on global volatility – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customers at a gold store in Hà Nội. Local gold prices continue to shoot up on Wednesday morning. — VNA/VNS Photo Đức Duy HÀ NỘI – Domestic gold prices shot up on Wednesday after gold hit a six-year high again on the global market. In the early morning, Sài Gòn Jewelry Joint Stock Company (SJC) increased its selling price by more than VNĐ1 million to VNĐ39.47 million (US$1,694) per tael, or 1.2 ounces. Its buying price was also up VNĐ800,000 per tael to VNĐ39.05 million. The prices slowed slightly…

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Beware volatility, warns HKMA chief Norman Chan, as Hong Kong leaves interest rate unchanged in lockstep with US Fed

Hong Kong’s de facto cental bank has reiterated its warning for borrowers and investors to beware of volatile market changes, as it kept the city’s base interest rate unchanged in lockstep with the US Federal Reserve’s monetary policy overnight.“Future direction of fund flows has become more uncertain in view of the increased uncertainties in the Fed’s monetary policy direction. The public should stay vigilant in managing the potential risks arising from market volatilities,” said Norman Chan… Source link

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Weaker yuan, oil price volatility will hit Chinese airlines’ profits, say analysts

A weaker yuan and volatile global oil prices are likely to dent Chinese airlines’ earnings, though the trade war is having a negligible impact, according to analysts.The carriers may suffer losses from the depreciating yuan because of their exposure to foreign-currency loans. The yuan has slipped about 3 per cent since mid-April.The biggest mainland Chinese airlines, including China Southern Airlines, Air China and China Eastern Airlines, have been among the worst performers on the stock market… Source link

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Stock Blog: Mixed signals out of Washington, Beijing to add to volatility

It has been a rough, volatile week for markets globally, which woke up on Monday to US President Donald Trump’s tweets about raising tariffs on Chinese imports to America.  And this volatility is set to continue on Thursday after another night of mixed signals, where Trump expressed his optimism over a trade deal, but Beijing signalled it would retaliate if the White House follows through with its tariff threats.  Moreover, overnight, the US Trade Representative’s office took a formal step… Source link

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Chinese game-streaming start-up Douyu said to delay US IPO amid market volatility on US tariff move

Douyu International Holdings, a Chinese video-game live-streaming platform, is delaying the launch of its US initial public offering following market jitters over President Donald Trump’s threat to boost tariffs on China, people with knowledge of the matter said.The company, which initially planned to start its IPO roadshow Monday US time, is considering postponing the launch by at least a week, the people said, asking not to be identified because the information is private. Douyu, backed by… Source link

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Vietnam 

Market volatility delays share-issuance plans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Employees load goods at a Digiworld Corporation branch in HCM City. — Photo tinnhanhchungkhoan.vn   HÀ NỘI – As the Vietnamese stock market has been volatile in recent months, many listed firms have given up on plans to issue shares to raise charter capital.   Đoàn Hồng Việt, chairman cum general director of Digiworld JSC (HoSE: DGW) said at the firm’s annual shareholder meeting on March 22 that the company had decided to not issue six million shares to raise…

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US stocks are booming, volatility has collapsed and the Fed is dovish. Why do investors remain cautious?

At the end of last year, global equity markets were a sea of red. Following a brutal sell-off that began in early October, stocks in both developed and developing economies finished the year deep in negative territory, with emerging market shares suffering double-digit price declines.Yet since Christmas Eve, the benchmark S&P 500 index has shot up nearly 25 per cent. On Tuesday, the index surpassed its previous closing high on September 20, 2018. Other major asset classes, which also suffered… Source link

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Global 

Volatility expected for Chinese yuan, as experts diverge on 2019 outlooks

Traders and fund managers are predicting a year of volatility for the yuan, despite its strong start to 2019. A sharp appreciation in the currency already appeared to be rapidly losing steam on Monday. It was changing hands at 6.7892 against the US dollar, down 0.17 per cent. Last week, the yuan posted its first weekly decline in five weeks, leaving it up 1.5 per cent so far this year. The uptick was on the back of a weakened US dollar, optimism over a permanent trade war truce with the…

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