Economic Spotlight: New Zealand and Australia’s Currencies By Erik Norland, Senior Economist, CME Group Highlights AUD is down 31% vs. USD since 2011, NZD is down 15%. NZD has outpaced AUD amid more robust growth, better export prices. NZD tracks EUR more closely than AUD due to export competitiveness. Interest rates in New Zealand and … Read More
Can the global economy weather the coronavirus storm?
New cases set back recovery, South Africa cuts rates to record low By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Recovery Setback? Air travel in July was just 40% of pre-pandemic levels. New cases of COVID-19 set back recovery in bar-and-restaurant traffic. Rebound in credit card spending slowed in July as … Read More
Dividends: Short-Term Optimism, Long-Term Concern
View in your browser Dividends: Short-Term Optimism, Long-Term Concern By Blu Putnam, Chief Economist, CME Group Highlights Fed asset purchases support equities, reduce long-term bond yields. Short-term dividend expectations have rebounded with equities. Long-term expectations have flatlined amid economic uncertainty. Can economy make a V-shaped recovery like the equity market? Watch video
Metals’ tug of war and changing expectations for dividends
Metals’ tug of war and changing expectations for dividends By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Metals: Caught in a Supply-Demand Tug of War Prices of most industrial metals have withstood shrinking growth. Spread of the coronavirus led to mine closures, reduced demand. Construction sector, China key to demand picking … Read More
Chile’s road to recovery and equities’ tumultuous six months
Chile’s road to recovery and equities’ tumultuous six months By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Chile: On The Road to Recovery in 2021? Chile has cut short-term rates to 0.5%, lowest since 2008 crisis. Rate cuts follow plunge in car sales, weak economic activity. Chile’s debt totals 190% of … Read More