For the first time in more than two years, the US Federal Reserve, the ECB and the Bank of Japan have simultaneously expanded their balance sheet total. The result has been a euphoric rally on the stock markets since October. Even though the expected and priced-in recovery of the global economy is not taking place. Tonight, China’s central bank lowered an important interest rate (the 7-day repo rate) slightly (from 2.55% to 2.50%). China’s stock markets and even the Hang Seng in Hong Kong despite further escalation of violence in the plus. Perhaps Hong Kong is currently the biggest short-term risk for the markets, because Beijing will not be able to stay on the sidelines much longer. Neither will it be able to stay on the sidelines much longer, although this would be perceived as a sign of weakness. The other risk is what happened on the US money market.
The price of Gold is currently rising. It has shown a robust rise since the beginning of the week. We had already discussed the fundamental situation in more detail yesterday. Where share prices are now […]
Today is the farewell performance of Mario Draghi with his last press conference! The ECB will now be resting longer after shooting its powder at the last meeting. Draghi may have saved the Eurozone in […]
Donald Trump and the US government have obviously lied in the Iran conflict. Now there are reports of 11 US casualties from the Iranian missile attacks on January 8th. It is known that Trump himself […]