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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (147306)	3/23/2019 12:34:28 AM
From: TobagoJack	Respond to of 217786

Good news. Free trade chalks up a positive points And globalisation wins a bunker reuters.com Exclusive: EU to drop threat of Huawei ban but wants 5G risks monitored - sources \| ReutersBRUSSELS (Reuters) - The European Commission will next week urge EU countries to share more data to tackle cybersecurity risks related to 5G networks but will ignore U.S. calls to ban Huawei Technologies, four people familiar with the matter said on Friday. FILE PHOTO: People walk past a sign board of Huawei at CES (Consumer Electronics Show) Asia 2018 in Shanghai, China June 14, 2018. REUTERS/Aly Song/File Photo European digital chief Andrus Ansip will present the recommendation on Tuesday. While the guidance does not have legal force, it will carry political weight which can eventually lead to national legislation in European Union countries. The United States has lobbied Europe to shut out Huawei, saying its equipment could be used by the Chinese government for espionage. Huawei has strongly rejected the allegations and earlier this month sued the U.S. government over the issue. Ansip will tell EU countries to use tools set out under the EU directive on security of network and information systems, or NIS directive, adopted in 2016 and the recently approved Cybersecurity Act, the people said. For example, member states should exchange information and coordinate on impact assessment studies on security risks and on certification for internet-connected devices and 5G equipment. The Commission will not call for a European ban on global market leader Huawei, leaving it to EU countries to decide on national security grounds. “It is a recommendation to enhance exchanges on the security assessment of digital critical infrastructure,” one of the sources said. The Commission said the recommendation would stress a common EU approach to security risks to 5G networks. The EU executive’s guidance marks a tougher stance on Chinese investment after years of almost unfettered European openness to China, which controls 70 percent of the global supply of the critical raw materials needed to make high-tech goods. The measures, if taken on board, will be part of what French President Emmanuel Macron said on Friday was a “European awakening” about potential Chinese dominance, after EU leaders held a first-ever discussion about China policy at a summit. Germany this month set tougher criteria for all telecoms equipment vendors, without singling out Huawei and ignoring U.S. pressure. Big telecoms operators oppose a Huawei ban, saying such a move could set back 5G deployment in the bloc by years. In contrast, Australia and New Zealand have stopped operators using Huawei equipment in their networks. The industry sees 5G as the next money spinner, with its promise to link up everything from vehicles to household devices. Alongside from the Huawei issue, the bloc also plans to discuss Chinese subsidies, state involvement in the Chinese economy and more access to the Chinese market at an EU-China summit on April 9. Writing by Foo Yun Chee; Editing by Edmund Blair

To: Maurice Winn who wrote (147306)	3/25/2019 8:17:34 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217786

Btw, passing observation, that there are folks who actually believe team USA can afford to and will continue to QT tighten, and the rest including team China cannot afford to QT and must plead for QE The suspect folks seem to be only focusing on monetary convolutions and ignoring fiscal machinations Perhaps too much climbing poles and not enough eating olives Maybe that is why they poopoo belt & road, or they just hate. In any case, let us not wait for officialdom to monetary-tighten, for I suspect no officialdom can afford to tighten. Should their be tightening, it might be caused by the market, and if so, the officialdom can be expected to fight against tightening, I am guessing. bloomberg.com One by One, Global Bond Markets Are Flashing the Same Warning Ruth Carson It’s ‘very unlikely’ the Fed will raise rates again: Antares Wherever you look in developed markets, sovereign bond yields are at their lowest levels in years as traders ratchet up bets that major central banks will be easing. Yields in Australia and New Zealand dropped to record lows after a closely-watched part of the U.S. curve inverted on Friday as investors wager that the Federal Reserve will need to cut rates. Trading volumes in Treasury futures were double the norm during Asian trading, while Japan’s 10-year yields fell to the lowest since 2016. “Bond markets globally, along with dovish central banks, have been telling us a slowdown is on the way,” said Jeffrey Halley, senior market analyst at Oanda Corp. in Singapore. “Some parts of the world will be better equipped than others to handle this. The U.S. can at least cut rates and apply monetary tools, while things could be worse for Europe and Japan, where they cannot.” Treasuries have led a global debt rally amid bets that a rate-cutting cycle is coming. On Friday, the yield on 10-year notes fell below the rate on three-month U.S. bills for the first time since 2007 amid reports showing economic weakness in the U.S., France and Germany. Money markets are pricing around a 90 percent chance that the Federal Reserve will cut rates by 25 basis points by December, followed by another reduction in September 2020. This comes after the central bank projected no hikes this year at its policy meeting last week. It’s difficult to see “strong inflationary pressures” in the economy, Chicago Fed President Charles Evans said in Hong Kong Monday, adding that the central bank will be monitoring data very closely. Open interest, a measure of outstanding positions across Treasury bond futures, jumped Friday as the yields on the 10-year cash bond dropped 10 basis points to 2.44 percent. Hedge funds and other speculators have also cut shorts in 10-year futures after holding record positions as recently as September, according to the latest Commodity Futures Trading Commission data. “Data is deteriorating globally,” said Tano Pelosi, portfolio manager at Antares Capital in Sydney. “It’s very unlikely that the Fed will hike again for some time.” Australia’s 10-year bond yields fell five basis points to 1.78 percent. New Zealand’s dropped as much as 8 basis points to 1.899 percent, a record low in data compiled by Bloomberg since 1985. In Japan, the benchmark fell 2 basis points to minus 0.084 percent. Yields on German debt fell below zero for the first time since 2016 Friday after weak factory data. Still, confidence among German firms unexpectedly improved this month, according to the Ifo. Australian bonds have rallied since central bank Governor Philip Lowe pivoted to a neutral stance last month from a long-held view the next move in rates would be up. The local yield curve flattened further, with the difference between three and 10-years narrowing by two basis points to 38 basis points. The nation’s bond curve will flatten more, Goldman Sachs Group Inc. strategists including Praveen Korapaty wrote in a note. “The RBA may eventually be drawn into a cutting cycle should data deteriorate from here,” they said. “Relative to current pricing we think risk-reward favors curve flatteners.” The flight to safety is spurring sell-offs in some parts of emerging Asia. Yields on Indonesian debt due in 10 years climbed six basis points to 7.67 percent as investors ditch high-beta assets. The inverted yield curve in the world’s biggest bond market is sending a negative signal for developing-nation assets, according to Win Thin, global head of currency strategy at Brown Brothers Harriman & Co. in New York. “If sustained, it would signal a likely U.S. recession in the next six to 24 months,” he said. “This is hardly conducive to risk and EM assets, which we see remaining under pressure this week.” — With assistance by Michael G Wilson, and John Ainger