April in Figures

May 2, 2010

Among economies surveyed in this regular feature, only in Canada, where the central bank has readied investors for monetary tightening as soon as early June, were interest rates under upward pressure.  Japanese bond yields fell marginally in spite of intensifying chatter about their vulnerability in the face of enormous debt.  The dollar was mixed during the month, climbing strongly against the Swissy and euro, changing less than 1% against the Canadian, British and Australian currencies, and dropping sharply against the kiwi for a second consecutive month.  The German Dax and Japanese Nikkei each slid 0.3%.  Swiss and British equities lost more significant ground, while North American stocks booked gains despite stumbling at the end of April.  Commodity prices continued to be lifted by strong emerging market demand.

10-Yr Yield 03/31/10 04/30/10 Chg vs End-March
U.S. 3.83% 3.66% -17 Basis Points
Germany 3.09% 3.02% -7
Japan 1.40% +1.29% -11
U.K. 3.93% 3.85% -8
Canada 3.36% 3.64% +28
Switzerland 1.90% 1.83% -7
3-month euros      
U.S. 0.29% 0.33% +6 Basis Points
Euroland 0.58% +0.61% +3
Japan 0.24% +0.24% 0
U.K. 0.65% +0.68% +3
Canada 0.41% 0.51% +10
Swiss 0.25% 0.25% 0
FX     Pct Chg in US$
EUR/$ 1.3510 1.3309 +1.5%
$/JPY 93.46 93.97 +0.5%
$/CHF 1.0543 1.0764 +2.1%
GBP/$ 1.5180 1.5297 -0.8%
AUD/$ 0.9173 0.9242 -0.7%
NZ$/$ 0.7105 0.7269 -2.3%
$/CAD 1.0156 1.0167 +0.1%
Equities     Pct Change
Nasdaq 2398 2461 +2.6%
Djia 10857 11009 +1.4%
Dax 6154 6136 -0.3%
Nikkei 11090 11057 -0.3%
Ftse 5680 5553 -2.2%
Canada TSE 12038 12196 +1.3%
Swiss SMI 6873 6617 -3.7%
Commodities     Pct Change
Oil, $ per brl 83.76 86.17 +2.9%
Gold, $ per oz 1113.25 1179.20 +5.8%

Copyright Larry Greenberg 2010.  All rights reserved.  No secondary distribution without express permission.

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