February in Figures

February 28, 2014

February was a very different month from January in several market respects.  In January, the dollar mostly rose, while equities declined for the most part.  Both trends reversed in February.  Net movement in ten-year sovereign debt yields this past month were insignificant is size in contrast to their substantial declines in January.  West Texas Intermediate crude oil, which slipped 0.9% on net in January, advanced 5.2% in February.  The one consistency between the two months involved gold, which after a poor performance in 2013, rose 3.2% in January and another 6.9% in February.  Finally, for the first time since doing this monthly feature at the end of each month, end-month 3-month euro-deposit interest rates were identical in sequential months for all countries covered.

10-Yr Yield 01/31/13 02/28/14 Chg vs End-Jan
U.S. 2.65% 2.65%   0 Basis Points
Germany 1.66% 1.66% -4
Japan 0.61% 0.58% -3
U.K. 2.70% 2.72% -2
Canada 2.33% 2.42%   +9
Switzerland 0.99% 1.00% +1
3-month euros     Chg vs End-Jan
U.S. 0.24% 0.24%    0 Basis Points
Euroland 0.26% 0.26%    0
Japan 0.14% 0.14% 0
U.K. 0.52% 0.52% 0
Canada 1.17% 1.17% 0
Swiss 0.02% 0.02% 0
FX     Pct Chg in USD
EUR/USD 1.3486 1.3803 -2.3%
USD/JPY 102.16 101.77 -0.4%
USD/CHF 0.9067 0.8794 -3.0%
GBP/USD 1.6437 1.6743 -1.8%
AUD/USD 0.8751 0.8922 -1.9%
NZD/USD 0.8085 0.8384 -3.6%
USD/CAD 1.1137 1.1073 -0.6%
USD/CNY 6.0600 6.1448 +1.4%
Equities     Chg vs End-Jan
S&P 500 1783 1859 +4.3%
Nasdaq 4103 4308 +5.0%
Djia 15699 16322 +4.0%
Dax 9306 9692 +4.1%
Nikkei 14915 14841 -0.5%
Ftse 6510 6810 +4.6%
Canada TSE 13695 14210 +3.8%
Swiss SMI 8191 8475 +3.5%
Commodities     Chg vs End-Jan
Oil, $ per barrel 97.49 102.59 +5.2%
Gold, $ per ounce 1240.10 1328.20 +7.1%

Copyright Larry Greenberg 2014.  All rights reserved.  No secondary distribution without express permission

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