2016 – A Goldilocks Year? – Profit & Loss A Goldilocks Year, not too hot, not too cold is our central scenario for 2016, and it would look something like this.
China, Oil Show Peril of Faulty Assumptions – Wall Street Journal (subscription) When investors, policy makers and businesses see only upside, the downside can be a rude awakening.
Is Another Swiss Franc Shock Around the Corner? – GAM – Profit & Loss A year ago investors were caught on the wrong-foot when the Swiss National Bank (SNB) unexpectedly lifted the cap on its currency, prompting one of the biggest moves in the foreign exchange markets seen for decades.
Stocks Resume Slide on Oil Concerns – Wall Street Journal (subscription) Stoxx Europe 600 drops 2.8% after sharp decline on Wall Street.
Hong Kong Dollar Drops Most Since ’03 as Bets Mount on Peg’s End – Bloomberg The Hong Kong dollar sank by the most in more than a decade and speculation mounted in the options market that the city’s 32-year-old currency peg will end as investors lose confidence in Chinese assets.