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庫加老師 - 下星期一開盤會很黑 -20160211-2
國際大量資金轉入避險性資產,
目前還不停在大跌
下星期一開盤會很黑⋯⋯
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'Fear overwhelms' markets, rush to safe haven trades
Fears surrounding the credibility of central bank policy sparked another sharp sell-off in risk assets on Thursday, forcing investors to rush into traditional safe-haven assets such as government bonds, gold and the Japanese Yen.
European stocks plunged not long after market open, with the pan-European STOXX 600 (STOXX: .STOXX) tumbling as much as 3.6 percent. London's FTSE 100 (FTSE International: .FTSE) sank over 2 percent, while the French CAC (Euronext Paris: .FCHI) and the German DAX (XETRA: .GDAXI) were down 3 percent and 2.2 percent respectively.
The risk-off sentiment saw heightened demand for safe-haven Treasurys, with the U.S. 10-year government (U.S.: US10Y) bond yield hovering around 3-year lows at 1.6352 percent.
Gold (Exchange: XAU=), which is seen as an inflation hedge and a defensive asset in times of economic stress, surged to its highest level in over eight months, following speculation that the Federal Reserve could find it tough to raise interest rates further this year. It gained over 2 percent to trade around $1,227 per troy ounce.
Dollar weakness also helped support the yellow metal, as the Japanese yen (Exchange: JPY=) jumped 2 percent to its strongest in 15 months, touching 110.99 yen against the greenback on Thursday.
"I think it is pure emotion, fear has overwhelmed and I think the strategy is basically cut now, explain later," the head of the U.K. Investment Office at UBS, Bill O'Neill told CNBC.
"We are in an environment of very limited nominal growth. Our sense is that the market is still not comfortable with normalizing interest rates, alongside the conviction that growth will prove to be sustainable. There is a sense in the market, that you can have one but not the other," he said.
The sharp moves in markets follow Federal Reserve Chair Janet Yellen's testimony before Congress on Wednesday.
In her semi-annual congressional testimony, Yellen said that the Federal Open Market Committee (FOMC) had not fully researched the legality around negative interest rates, amid whispers that the central bank could enact such a policy. But Yellen did admit that weakness in the global economy and risks from China could weigh on the outlook for U.S. growth.
"These developments if they prove persistent, could weigh on the outlook for economic activity and the labor market," Yellen said in her remarks.
Fed Chair Janet Yellen returns to Capitol Hill for a second day of testimony Thursday.
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(資訊僅供參考, 投資請優先考慮風險)
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股市教學 - TIFA Life
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國際大量資金轉入避險性資產,
目前還不停在大跌
下星期一開盤會很黑⋯⋯
-----------------
'Fear overwhelms' markets, rush to safe haven trades
Fears surrounding the credibility of central bank policy sparked another sharp sell-off in risk assets on Thursday, forcing investors to rush into traditional safe-haven assets such as government bonds, gold and the Japanese Yen.
European stocks plunged not long after market open, with the pan-European STOXX 600 (STOXX: .STOXX) tumbling as much as 3.6 percent. London's FTSE 100 (FTSE International: .FTSE) sank over 2 percent, while the French CAC (Euronext Paris: .FCHI) and the German DAX (XETRA: .GDAXI) were down 3 percent and 2.2 percent respectively.
The risk-off sentiment saw heightened demand for safe-haven Treasurys, with the U.S. 10-year government (U.S.: US10Y) bond yield hovering around 3-year lows at 1.6352 percent.
Gold (Exchange: XAU=), which is seen as an inflation hedge and a defensive asset in times of economic stress, surged to its highest level in over eight months, following speculation that the Federal Reserve could find it tough to raise interest rates further this year. It gained over 2 percent to trade around $1,227 per troy ounce.
Dollar weakness also helped support the yellow metal, as the Japanese yen (Exchange: JPY=) jumped 2 percent to its strongest in 15 months, touching 110.99 yen against the greenback on Thursday.
"I think it is pure emotion, fear has overwhelmed and I think the strategy is basically cut now, explain later," the head of the U.K. Investment Office at UBS, Bill O'Neill told CNBC.
"We are in an environment of very limited nominal growth. Our sense is that the market is still not comfortable with normalizing interest rates, alongside the conviction that growth will prove to be sustainable. There is a sense in the market, that you can have one but not the other," he said.
The sharp moves in markets follow Federal Reserve Chair Janet Yellen's testimony before Congress on Wednesday.
In her semi-annual congressional testimony, Yellen said that the Federal Open Market Committee (FOMC) had not fully researched the legality around negative interest rates, amid whispers that the central bank could enact such a policy. But Yellen did admit that weakness in the global economy and risks from China could weigh on the outlook for U.S. growth.
"These developments if they prove persistent, could weigh on the outlook for economic activity and the labor market," Yellen said in her remarks.
Fed Chair Janet Yellen returns to Capitol Hill for a second day of testimony Thursday.
---------------------
(資訊僅供參考, 投資請優先考慮風險)
庫加老師 FB粉絲團:
股市教學 - TIFA Life
https://www.facebook.com/
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