Summary
Webinar by Joseph Trevisani.
Brexit is a fact, but nothing else is. How, when, what and by whom the British exit from the European Union will be negotiated is still to be decided. The U.S. economy seems to have rebounded from two quarters of dismal growth and falling job creation. Yet there is nothing in sight beyond more of the same-- mediocre growth, flat productivity and stagnant wages. China has resumed devaluing the yuan, 10 percent since last August and the currency is headed to 6.83 against the dollar, where it was fixed for two years during and after the financial crisis. In Japan, the first arrow of Abenomics, yen devaluation has failed, and the second and third arrows, fiscal stimulus and economic reform are moribund.
All this is despite eight years of vast and continuing monetary stimulus from the world's central banks, $10 trillion of negative yielding sovereign debt and the lowest interest rates in history.
Wherever the world economy goes from here it is bound to chancy, interesting and without precedent.
Join us for a survey of the global economy in the second half of 2016.
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Editors’ Picks
AUD/USD extends gains due to improved risk appetite
The Australian Dollar maintained its winning streak for the fourth consecutive session on Monday, buoyed by a hawkish sentiment surrounding the Reserve Bank of Australia. This optimism bolsters the strength of the Aussie Dollar, providing support to the AUD/USD pair.
USD/JPY snaps three-day losing streak above 153.50, Yellen counsels caution on currency intervention
The USD/JPY pair snap a three-day losing streak during the Asian trading hours on Monday. The uptick of the pair is bolstered by the modest rebound of the US Dollar and US Treasury Secretary Janet Yellen’s comments on potential Japanese interventions last week.
Gold holds below $2,300, Fedspeak eyed
Gold price loses its recovery momentum around $2,295 on Monday during the early Asian session. Investors will keep an eye on Fedspeaks this week, along with the first reading of the US Michigan Consumer Sentiment Index for May on Friday.
Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”
Bitcoin Cash is the current mania in the Cardano ecosystem following a proposal by the network’s executive inviting the public to vote on X, about a possible integration.
Week ahead: BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.