August 2020

Global equities poised to complete hottest August since 1986

Stock indices from New York to Tokyo have pushed higher over the past month in the biggest August market bonanza in decades.

A sagging US dollar has combined with sparks of monetary and fiscal stimulus to help ignite a global equities rally during a month when traders would usually prefer focusing on the beach instead of their data terminals. Indications that major global economies are on a recovery track have also helped to ease investor jitters that dominated this spring.

The MSCI World index of stocks in developed nations has jumped 6.6 per cent in August, which if sustained, would be the sharpest rally for that month since 1986. The average move either up or down for the gauge over the past 44 years in August is half that magnitude at 3.3 per cent.

The broader All-World index that also includes emerging markets has risen 6.3 per cent, its best run on records stretching back to 1988.

The gains in August have been regionally diverse. Wall Street’s S&P 500 is up 7.2 per cent, having earlier this month wiped out the last of its pandemic losses and struck an all-time peak. Markers tracking stocks in Germany, France, Italy and

JPMorgan’s market guru who called the comeback says Trump’s re-election chances are rising

President Donald Trump

Saul Loeb | AFP | Getty Images

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President Donald Trump’s re-election chances are rising, which could leave investors positioned for a Biden victory in the dust, according to JPMorgan’s Marko Kolanovic.

“We currently believe that momentum in favor of Trump will continue, while the most investors are still positioned for a Biden win,” he wrote in a note to clients Monday. “The impact on sectors and factors (momentum vs value, cyclicals vs tech, ESG) could be dramatic and investment portfolios should adjust for a potential Trump re-election,” he added.

Kolanovic, who is JPMorgan’s global head of macro quantitative and derivatives strategy, is known lately for his often prescient calls. He correctly predicted the market’s bottom in March, and has been bullish on stocks since.

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The next are some examples of modern financial management theories formulated on rules considered as ‘a set of fundamental tenets that kind the idea for monetary concept and determination-making in finance’ (Emery et al.1991). The bank closest to you is usually going to be a department from a large banking chain that has locations on each nook. These banks are much more likely to impose high charges, or set traps that make it straightforward so that you can trigger penalties. I think the only option to to get out of this recession any time soon is to cease the stimulus and cash-printing to allow the financial system to repair the fundamental issues that the misappropriation of assets brought on within the first place (via the central-bank created housing bubble within the 2000s).

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China export restrictions pose new risk for TikTok sale in US

China’s inclusion of new technologies on an export restrictions list could hamper TikTok’s sale in the US, according to state media reports, in the latest ratcheting up of trade tensions between the two countries.

China’s Ministry of Commerce revealed late on Friday the government had added items including those related to computing and artificial intelligence to a list of technologies subject to export controls.

In an interview with the state-run Xinhua news agency, Cui Fan, a government adviser, suggested that the new measures could impact the sale of TikTok by ByteDance, its Chinese owner, because they cover some of its underlying technologies.

He added that the company, which has attracted interest from Microsoft, Oracle and Walmart for its operations in the US, Canada, Australia and New Zealand, should “seriously and cautiously” decide whether to suspend its negotiations as a result.

The trade restrictions are the latest development in a feud between China and the US over TikTok, a popular video app that President Donald Trump has vowed to shut down unless its business in the country is sold to an American firm.

China has not adjusted its list of technology export restrictions since 2008, the Ministry of Commerce said

Global coronavirus cases surpass 25 million as pandemic strains nations around the world

The number of reported Covid-19 cases across the globe has surpassed 25 million, with the U.S., Brazil and India leading the grim count, according to data from Johns Hopkins University. 

The coronavirus has killed more than 843,000 people worldwide since it emerged from Wuhan, China, late last year, with the Americas reporting the bulk of fatalities. The U.S., Mexico and Brazil represent more than 40{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803} of the global death toll, according to Johns Hopkins. 

Reported Covid-19 cases first surpassed 10 million in late June, then reached 20 million just over six weeks later on Aug. 10, according to Johns Hopkins data. 

“This virus is going to be with us for a while. Without a vaccine, it’s going to be with us for years,” Carissa Etienne, director of Pan American Health Organization and the World Health Organization’s regional director for the Americas, said during a news briefing Tuesday. “Reopening does not mean that the fight is over.”

Some European countries have started to report a recent resurgence in cases. France Prime Minister Jean Castex said the virus has spread rapidly among young people, forcing the government to intervene. Castex said France “must do everything to avoid a new confinement,” the Associated