When you're in this risk-off environment, where do you go?
|
|
Falling U.S. equity markets and a global risk-off environment also weighed on crude futures.
|
|
The Japanese currency is largely viewed as a safe-haven currency amid a risk-off environment.
|
|
" "It is a risk-off environment because we are seeing those trade-sensitive stocks being sold off first.
|
|
Rand Merchant Bank fixed income analyst Gordon Kerr said local bonds held up well despite the risk-off environment.
|
|
She attributed much of the declines to profit-taking in an overall risk-off environment ahead of earnings season.
|
|
But I think the positivity of the numbers will be drowned out by the overarching risk-off environment today.
|
|
"We expect that investors will view global tobacco as a relatively safe haven in a risk-off environment," they said.
|
|
"It could lead to a risk-off environment and be a disruptive factor in this very calm market," he said.
|
|
Wellian Wiranto, economist with OCBC, said BI had "wisely opted to be more cautious due to the global risk-off environment".
|
|
"But I think the positivity of the numbers will be drowned out by the overarching risk-off environment today," Doyle said.
|
|
"It has been a broad risk-off environment with falling oil prices being the main trigger," Credit Agricole strategist Orlando Green said.
|
|
"One of the new themes in markets is that QE has damaged the banks and that therefore it exacerbates risk-off environment," he said.
|
|
"The market is optimistic that PBOC will be supportive, and the PBOC is unlikely to disappoint amid the current risk-off environment," she said.
|
|
"The sharp risk-off environment has been playing a heightened role in the latest bout of sterling weakness," said ING in its latest research note.
|
|
"It's hard to value gold, because a lot of things drive the price, like inflation levels, the risk-off environment and supply and demand," said Thooft.
|
|
"All this volatility, growth fears, persistent weakness in economic data will be good enough for a risk-off environment," said Benjamin Lu, an analyst at Phillip Futures.
|
|
There are extra costs involved with it being more expensive to do business in Europe, plus a risk-off environment isn't good for capital markets, he said.
|
|
High-grade euro zone bond yields were lower across the board in a risk-off environment, with the ousting of Austrian Chancellor Sebastian Kurz adding to nervousness.
|
|
Gold benefited from flight-to-safety investment flows, as did U.S. dollar-hedged gold in the stronger dollar risk-off environment, rallying 4.3 percent on the month.
|
|
Read More Forget earnings, the Fed holds the key for financials: Traders By Gordon's work, this risk-off environment should continue over the course of the coming months.
|
|
It's no surprise that these sector are winners as they have been typical defensive plays in a risk-off environment because of their stable growth and high dividends.
|
|
While that would push up the dollar-yuan pair, "I think the yuan is going to hold up better than other currencies in a risk off environment," Schnider said.
|
|
"There was a lot of discussion today about interest-rate differentials, even in this risk-off environment," said Marvin Loh, senior global markets strategist at State Street Global Markets.
|
|
In such a risk off-environment, Michele said it was not inconceivable that the European Central Bank would return to quantitative easing, which would push bond yields even lower.
|
|
"While there is risk that the yen strengthens further, the probability of this happening should be more limited given current levels, unless a risk-off environment returns," he said.
|
|
Monday's decline is likely related to a risk-off environment globally, which has also hit other emerging markets currencies, said William Jackson, chief emerging markets economist at Capital Economics.
|
|
"It's going to be difficult for Canada to make headway, at least in the current risk-off environment," said Michael Goshko, corporate risk manager at Western Union Business Solutions.
|
|
Other high-grade euro zone bond yields were also lower across the board in a risk-off environment, with the ousting of Austrian Chancellor Sebastian Kurz adding to the nerves.
|
|
"While headline news suggest a risk-off environment, it is not the ordinary risk-off in the world of FX," ING analysts said, noting the resilience of high-yielding currencies.
|
|
In a risk-off environment it would be expected to see (Treasury) yields decline; yields appear to have been overwhelmed by liquidity concerns yesterday, strategist Mark Cabana said in a report.
|
|
"In a risk-off environment it would be expected to see (Treasury) yields decline; yields appear to have been overwhelmed by liquidity concerns yesterday," strategist Mark Cabana said in a report.
|
|
"Gold is likely to breach USD 1,300/oz as the market prices in a less hawkish Fed, particularly in a risk-off environment," analysts at Standard Chartered said in a note.
|
|
"Crude oil prices are expected to remain under pressure in the short term as a risk-off environment and further supply growth keeps investor sentiment weak," said ANZ in a note Thursday.
|
|
"This is more likely to be a short-lived move and the overall risk off environment should prevail," said Christian Lenk, rates strategist at DZ Bank, citing past reactions to similar news.
|
|
Italian yields were the exception, rising 2-4 bps across the curve, with analysts citing a risk-off environment on trade worries as the main cause for shedding low-rated Italian bonds.
|
|
"When that yield inverts, historically, its quite a strong recession signal in the U.S.. That's what's spooking markets and creating this risk-off environment," said Mark Loubser, a fund manager at Northshore Capital.
|
|
"Despite recent market firmness, large deals still face resistance given the risk-off environment and weak technicals: fund outflows, buyers on strike and the slowing CLO machine," said Sean Coleman, chief credit officer of Franklin Square.
|
|
"The MPC may still maintain cautious language for some time longer as inflation is still above-target and the forint is currently weak within a risk-off environment, but the signal should be clear enough," Commerzbank said.
|
|
"There is no doubt the Swiss franc is coming under heavy pressure from investors in a risk-off environment due to the coronavirus, that's why the currency has risen," said Karsten Junius, an economist at J.Safra Sarasin.
|
|
"The risk-off environment and expectations for a slowdown next year should be supportive for gold," said Craig Erlam, an analyst at OANDA, adding that a bounce in the U.S. dollar had taken the edge off gold's recent rally.
|
|
"One of the new themes in markets is that (quantitative easing) has damaged the banks and that therefore it exacerbates the risk-off environment," said Steve Englander, managing director and global head of G10 FX strategy at Citigroup in New York.
|
|
"My own view is that hawkish posturing will induce a risk-off environment, equities will do poorly, and gold has been a good diversifier when the risk-off view is in place," Merk said before the FOMC statement was released.
|
|
Unusually loose central bank policy after the global financial crisis drove so-called cross-asset correlations to record highs, meaning prices of stocks and government bonds often moved in tandem in the "risk-on, risk-off" environment that dominated financial markets.
|
|
"It's a risk-off environment as investors are focusing on spiking yields and taking profits off the table as they are concerned about whether the bull market is actually coming to an end," said Ryan Nauman, market strategist at Informa Financial Intelligence in Zephyr Cove, Nevada.
|
|
"Given the strength of rates in the current risk-off environment, the market shouldn't have too much problem taking down the (German) bond, though the large size might put it under some pressure given the other safe-haven supply coming in the week," Mizuho analysts said.
|
|
"Given the strength of rates in the current risk-off environment, the market shouldnt have too much problem taking down the (German) bond, though the large size might put it under some pressure given the other safe-haven supply coming in the week," Mizuho analysts said.
|
|
"Given the strength of rates in the current risk-off environment, the market shouldnt have too much problem taking down the (German) bond, though the large size might put it under some pressure given the other safe-haven supply coming in the week," Mizuho analysts said.
|
|