Gold broke through $4,100 per ounce for the first time on Monday, hitting another record high on renewed U.S.-China trade tensions and expectations of U.S. interest rate cuts, while silver also rose to an all-time high. Spot gold was up 2.1% to $4,099.55 per ounce, as of 10:50 a.m. ET (1450 GMT), after hitting a […]
The final orderbook is in excess of $1.65bln, excluding JLM interest. Saudi Arabia’s Bank AlJazira, rated A3 (stable) / A-(stable) by Moody’s and Fitch, has priced its dollar-denominated, benchmark perpetual non-call 5.5-year AT1 sukuk on par, with a profit rate of 6.5% and a reset margin of +284.7 bps. The price was marginally tightened from […]
The data did not offer much insight into job creation since March, leaving U.S. rate expectations unchanged for now. The dollar held steady on Wednesday ahead of U.S. inflation data this week that could help shape the outlook for Federal Reserve policy, while a fraught geopolitical backdrop underpinned the likes of the Swiss franc. Employment […]
China’s yuan was flat at 7.195 per dollar in offshore trading. Currency markets were in a holding pattern on Tuesday, with traders’ reluctance to make large bets ahead of U.S. inflation data – important for Federal Reserve policy expectations – capping moves after UK jobs data and an Australian rate cut. A moderate reading on […]
Yen sinks, Bank of Japan signals no hurry to resume rate hikes. The dollar headed for its strongest weekly performance in almost three years against other major currencies, maintaining momentum on Friday after U.S. President Donald Trump imposed new tariff rates on dozens of trade partners. Some of the currencies of the countries that were […]
It also sees the European Central Bank as having concluded its easing cycle. The dollar edged up against the euro and the yen, but remained within striking distance of Friday’s lows, after weak U.S. jobs data boosted bets on Federal Reserve rate cuts and triggered a sharp selloff in the greenback. Investors are awaiting services […]
Recent evolutions in US attitudes and policies have raised questions about the future of the dollar’s role in the global economy. This column explores a hypothetical scenario in which the world is deprived of the dollar as its global safe asset. In such a world, interest rates would be higher and more volatile. Liquidity would […]
As populations age, the demand for long-term care will increase dramatically. This column argues that markets for long-term care insurance in the US have failed to expand, despite nearly five decades of development in part because individuals too often rely on self-insurance or Medicaid – a means-tested programme that requires they spend down their assets […]
Recent tariff measures by the US and countermeasures by its trading partners have dominated global policy debates. Using three economic models, this column shows how the tariffs impact trade flows, output, and welfare, especially in North America and China. In the short term, tariffs act as negative supply shocks for tariffing countries (depressing output while […]
The Institute of International Finance (IIF) said China, France, and Germany were the largest contributors to the global debt increase, while debt levels declined in Canada, the UAE, and Turkey Global debt rose by around $7.5 trillion in the first three months of the year to hit a record high of over $324 trillion, data […]
