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Market Analysis

Take Five: Dark December

It has been a year many would prefer to forget and a month of 2020 still remains -- one replete with events that could trip up markets. Here they are:

Column: Hong Kong is the real loser from new China copper contract

China's long-awaited international copper contract made its debut last week.

Column: U.S. diesel glut has mostly gone

福利网站 U.S. stocks of distillate fuel oil are rapidly returning to normal, reversing the prodigious glut that built up earlier in the year during the first wave of the coronavirus epidemic and lockdowns.

Column: A Yellen dollar may be a more global one

Janet Yellen's likely appointment as U.S. Treasury Secretary is unlikely to usher in a new exchange-rate doctrine but may see more sensitivity toward the dollar's global impact.

Analysis: German stimulus fails to turn anxious savers into big spenders

German consumers remain gloomy ahead of the traditionally big-spending Christmas season and a temporary reduction in sales tax worth up to 20 billion euros has failed to get them into shops or online -- even when companies have passed it on.

Crypto exchange Coinbase hit by connection, latency problems as bitcoin plummets

Cryptocurrency exchange Coinbase said on Thursday its retail and professional-focused platforms were hit by tech problems, with users reporting difficulty trading as bitcoin plunged towards its biggest one-day drop since September.

Analysis: Turkish lira stuck between bullish foreigners, bearish locals

福利网站 Turkey's lira is caught in a tug of war between foreign investors, who cheered a big rate rise and government reform promises and locals who remain cautious and are stocking up on gold and dollars.

Vaccine promise stirs European dividend payout hopes

European dividend futures are stirring from their months-long slumber, reflecting investor expectations that positive COVID-19 vaccine updates on top of trillions of dollars in stimulus will fast-track an anticipated recovery in company profits.

Column: China's crackdown on Australian coking coal hurts its steel industry

福利网站 China's unofficial restrictions on coal imports from Australia are having more than just an impact on miners down under, it's hurting steel producers in China and helping those elsewhere.

Analysis: With new bank aid, BOJ makes stealthy retreat from negative rates

福利网站 The Bank of Japan is quietly walking back its unpopular negative interest rates policy with a controversial scheme designed to drive mergers among weaker, smaller lenders, a move some insiders see as a risky deviation into industrial reform.

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FXpert

Sterling holds near three-month high despite Scottish referendum talk

Sterling hovered near a three-month high on Friday, brushing off fresh talk of a Scottish independence referendum that could wrench apart the United Kingdom after Brexit.

Dollar falls to lowest level in almost three months as investors flock to risk

Euro retreats after early gains; Swedish crown falls after Riksbank QE expansion