U.S.-Chinese Equities Diverge; Factors Driving the Korean Won Erik Norland, Senior Economist CME Group Stock Market Slumps in China, Rallies in U.S. Chinese stocks tumble 20% even as U.S. equities rally to record highs. High corporate debt, widening credit spreads weigh on Chinese stocks. China’s growth slowed in Q3, energy crunch raising production costs. China might … Read More
Economic Twists and Turns; Yuan Faces Headwinds
Uncertainty amid Economic Twists and Turns; Yuan Faces Headwinds By Blu Putnam, Chief Economist Erik Norland, Senior Economist CME Group Economic Twists and Turns as Changes Abound Rebuilding of economy could take time, accompanied by investor uncertainty. Record number of job openings, high level of workers quitting jobs. Shift in consumer demand overwhelms already stretched … Read More
Commodities Face Cross-Currents and Energy Crunch to Raise Farming Costs
Commodities Face Cross-Currents and Energy Crunch to Hit Ag Sector By Blu Putnam, Chief Economist Erik Norland, Senior Economist CME Group Commodities Face Various Market Factors Oil prices top $80 per barrel as demand for power generation steps up. Gold caught between high inflation and impending end to Fed asset purchases, possible rate hikes. Copper … Read More
Natural Gas: Potential Consequences of Price Surge
Seven Potential Consequences of Surging Natural Gas Prices By Erik Norland, Senior Economist CME Group Eurasia Manufacturing Costs Could Rise by 50% Consumers could have to pay up for manufactured goods. High natural gas prices could elevate inflation rates in Europe, Asia. Oil market rallies, tops $80, even as travel demand remains soft. European fertilizer … Read More
Seven Factors That Drive the U.S. Dollar-British Pound Rate
Factors that Move GBP/USD Exchange Rate By Erik Norland, Senior Economist CME Group How Monetary Policy Shapes GBP/USD GBP/USD tends to correlate positively to U.S. dollar-euro exchange rate. Brexit-related politics played a big role in influencing GBP/USD in past years. GBP has lagged gains in USD and EUR possibly due to underperformance of U.K. economy. … Read More