The charts that matter: bond yields and US dollar continue to climb
The US dollar and government bond yields around the world continued to climb. Here’s what happened to the charts that matter most to the global economy.
Welcome back.
This week, we take a look at the opportunities for investors in Asia’s best stockmarkets. Chinese stocks may be out of favour at the moment – indeed JPMorgan classified the country’s whole internet sector as “uninvestable” since the government clamped down – but there is still value to be found elsewhere, says Rupert Foster. Specifically in India, Indonesia and our favourite Asian market, Vietnam.
Elsewhere, David Stevenson picks a new fund to profit from pampered pets. And in personal finance, Ruth Jackson Kirby asks if you should bother with highly expensive pet insurance or opt for the “self insurance” road.
Find out all the details in this week’s magazine. If you’re not already a subscriber, sign up here and get your first six issues free.
We’ve got a bumper podcast for you this week with a guest many of you will be keen to hear from – James Anderson, the outgoing manager of the Scottish Mortgage investment trust. He tells us about his career, and gives his views on the state of the fund management industry in general, and picks one stock to buy and hold for the next 20 years. Listen to the podcast here.
Here are the links for this week’s editions of Money Morning and other web articles you may have missed:
- The bond bubble has burst – what comes next?
- Should you buy BP shares? The oil giant looks cheap, but approach with caution
- UK house prices will fall – but not for a few years
- Will house prices crash in 2026? This surprisingly reliable cycle theory suggests so
- Scottish Mortgage Investment Trust update: discount to net asset value narrows
- “Show me the money!” – what the collapse in Netflix’s share price says about markets today
- Can Naked Wines prove there’s life beyond the pandemic for its business?
- Will house prices crash in 2026? This surprisingly reliable cycle theory suggests so
- Netflix’s share price has fallen by two thirds from its peak – is it time to buy?
- If you’re going to buy FANG stocks today, these are the three to focus on
- Is this the end of the road for Russian gold miner Petropavlovsk?
- Three things you should learn from Bill Ackman's brilliant Netflix trade
- Britain’s ten-most hated shares
- GlaxoSmithKline is set to cut its dividend – should you sell your shares?
- Cybersecurity firm Darktrace is enjoying rapid growth, but the competition could prove too much
- Elon Musk is still trying to buy Twitter – will he succeed and should you care?
- Don’t write off Ukrainian iron ore miner Ferrexpo just yet
- Cryptocurrency roundup: IMF’s warning for emerging markets
Now for the charts of the week.
The charts that matter
Gold fell back as the US dollar climbed – the price of gold tends to slip as the dollar strengthens.
The US dollar index (DXY – a measure of the strength of the dollar against a basket of the currencies of its major trading partners) continued its rise.
The Chinese yuan (or renminbi) fell against the dollar (when the red line is rising, the dollar is strengthening while the yuan is weakening).
The yield on the ten-year US government bond continued to rise.
The yield on the Japanese ten-year bond climbed higher, too.
The yield on the ten-year German Bund continued its drive higher.
Copper slipped, but maintained its erratic rise.
The closely-related Aussie dollar fell.
Bitcoin had a quiet week.
US weekly initial jobless claims fell by 2,000 to 184,000. The four-week moving average rose by 4,500 to 177,250.
The oil price slipped, than regained some ground.
Amazon fell hard.
And Tesla had a volatile week.
Have a great weekend.