A better gauge
of economic and financial conditions is to look at what fixed-income markets
are pricing. Japan’s 10-year bond yields have fallen below zero once again, the
German 10-year Bunds yields are trading at their lowest level since October
2016, and U.S. 10-year yields are 19.3% below the peak reached in October.
While it doesn’t necessarily mean a recession is near, fixed-income markets are
indicating a significant slowdown in global economic growth.
This week is a
big one for financial markets. The 90 days U.S.-China trade truce ends on March
1 and failing to reach an agreement by then could lead to more than double the
current American tariffs on Chinese goods. According to a Wall Street Journal
report, the two sides have not even drafted an accord that specifies where they
agree and disagree. With U.S. trade representative and the Treasury Secretary
headed to Beijing to kick-start a new round of trade talks in Beijing today,
markets are anticipating some good news. This is reflected in Chinese equities
which advanced today after a week-long national holiday. However, investors
need to manage their expectations especially with conflicting messages from
President Trump.
The clock is
also ticking fast for the UK. With only 46 days remaining until Britain is
scheduled to exit the EU, no one knows yet what will happen next and what
version of Brexit will be achieved. This week Prime Minister Theresa May needs
to deliver a statement to Parliament on what progress has been accomplished and
from what we know, nothing significant. Chances are high that MPs will file a
motion to have greater control over the Brexit process and possibly extending
the Article 50 deadline. A step closer to extending the deadline may see
Sterling bouncing back above 1.32. On the data front, investors will keep a
close eye on the UK’s final quarter GDP, and industrial production data due to
be released later today.
We also have
important data on the U.S. calendar this week. Inflation figures due to be
released on Wednesday will provide further insight into whether the Fed’s
judgment of the U.S. economy was accurate.
Retail sales is also another important piece of information, and we’ll
get to see if the recent turmoil in equity markets has affected spending
habits.
Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
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