Archive for May 31st, 2016

Deeper Analysis

May in Figures

May 31, 2016

In May, long-term interest rates fell.  On the monetary policy front, confidence climbed that the Federal funds rate would be raised before much longer, while speculation grew that more stimulus would be forthcoming in Japan and possibly the eurozone.  An appreciation of the dollar and oil prices was balanced by a decline in gold.  Most […] More

New Overnight Developments Abroad - Daily Update

Typical Deluge of Data as Another Month Ends

May 31, 2016

Market Highlights: The U.S. dollar dropped 1.1% and 0.9% against the Australian and New Zealand dollars on encouraging economic statistics released today. Against other major currencies, the U. S. dollar is narrowly mixed but poised to record a very strong monthly advance. The Shanghai Composite index of Chinese share prices leaped 3.3%.  The cause was […] More