Breaking News
Investing Pro 0
Free Webinar - The Role of Psychology in Trading - Thursday, December 8, 2022 | 04:00PM EST Enroll Now

Marketmind: Geopolitics lurks beneath markets' still waters

Economy Aug 09, 2022 02:10AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. Plastic letters arranged to read "Inflation" are placed on U.S. Dollar banknote in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration 2/2
 
WYNN
+1.73%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
RL
+2.14%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

A look at the day ahead in markets from Alun John

The lull before U.S. inflation data affords a moment to reflect on a darkening geopolitical backdrop.

Ukraine's creditors are due to vote later on Tuesday on a government proposal to defer payments on its international bonds. Tensions remain high in Taiwan, and a Donald Trump story broke overnight - just like the old days - as FBI agents raided the former President's gilded Mar-a-Lago estate.

Ukraine's bondholders have until 5 p.m. New York time (2100 GMT) on Tuesday to decide whether to back government proposal to defer payments on war-torn country's international bonds for 24 months.

The government seems optimistic as of now.

Meanwhile, Chinese, Taiwanese and U.S. politicians continued their verbal sparring on Tuesday after the scheduled end of China's military drills around the island.

Trump said FBI agents raided his Mar-a-Lago estate and broke into his safe in what his son said was part of an investigation into the former President's removal of official records from the White House.

Markets are currently in something of a holding pattern, as investors wait for Wednesday's release of U.S. CPI data.

A high inflation print following last week's strong jobs numbers would likely put an end to speculation that the Fed will pivot from primarily worrying about inflation to fearing a recession.

U.S. benchmark 10 year yields were steady in Asia trade, G10 currencies slept and MSCI's broadest index of Asia-Pacific shares outside Japan rose a touch.

Key developments that could influence markets on Tuesday:

Politics: Deadline for Ukraine international bond holders to vote on request for two-year debt payment freeze

Kenya president and National Assembly elections

US earnings: Ralph Lauren (NYSE:RL), Wynn Resorts (NASDAQ:WYNN)

Europe earnings: InterContinental Hotel, Abdrn

US 3-year note auction, US Q2 unit labour costs

Marketmind: Geopolitics lurks beneath markets' still waters
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email