January 2018 in Figures
January 31, 2018
The euro ranged from a low of $1.1914 to a high of $1.2583 in January, averaging $1.2195 in the month and closing 3.4% stronger than its end-2017 level. Against the yen, the dollar ranged between JPY 113.41 and JPY 108.28 during the month, with a mean value of JPY 110.92 and a 3.1% net drop in the year thus far. As in December, dollar weakness was broadly based and distributed fairly evenly. The first month of 2018 was also characterized by a significant rise in European and North American long term interest rates and a doubling of the 10-year Japanese JGB yield. Short-term rates rose similarly in the United States and Germany, but slipped a bit in the U.K.. In contrast to climbing share prices in most countries monitored in this survey, the British Ftse fell by 2%. Gold and oil each appreciated during January.
| 10-Yr Yield | 12/29/17 | 01/31/18 | Chg v End-Dec |
| U.S. | 2.40% | 2.72% | +32 Basis Points |
| Germany | 0.42% | 0.69% | +27 |
| Japan | 0.04% | 0.08% | +4 |
| U.K. | 1.18% | 1.51% | +33 |
| Canada | 2.04% | 2.29% | +25 |
| Switzerland | -0.21% | 0.05% | +16 |
| 3-month rates | 12/29/17 | 01/31/18 | Chg v End-Dec |
| U.S. | 1.69% | 1.77% | +8 Basis Points |
| Euroland | -0.44% | -0.38% | +6 |
| Japan | -0.03% | -0.04% | -1 |
| U.K. | 0.58% | 0.52% | -6 |
| Swiss | -0.75% | -0.75% | 0 |
| FX | 12/29/17 | 01/31/18 | Pct Chg in $ |
| EUR/USD | 1.2005 | 1.2414 | -3.3% |
| USD/JPY | 112.65 | 109.18 | -3.1% |
| USD/CHF | 0.9746 | 0.9310 | -4.5% |
| GBP/USD | 1.3510 | 1.4191 | -4.8% |
| AUD/USD | 0.7807 | 0.8058 | -3.1% |
| NZD/USD | 0.7089 | 0.7369 | -3.8% |
| USD/CAD | 1.2550 | 1.2301 | -2.0% |
| USD/CNY | 6.5068 | 6.2888 | -3.4% |
| Equities | 12/29/17 | 01/31/18 | Chg v End-Dec |
| S&P 500 | 2674 | 2825 | +5.6% |
| Nasdaq | 6903 | 7411 | +7.4% |
| Djia | 24719 | 26149 | +5.8% |
| Dax | 12918 | 13189 | +2.1% |
| Nikkei | 22765 | 23098 | +1.5% |
| Ftse | 7688 | 7534 | -2.0% |
| Canada TSE | 16209 | 15969 | -1.5% |
| Swiss SMI | 9382 | 9335 | -0.5% |
| Commodities | 12/29/17 | 01/31/18 | Chg v End-Dec |
| Oil, $ per barrel | 60.45 | 64.85 | +7.3% |
| Gold, $ per ounce | 1308.60 | 1348.00 | +3.0% |
Copyright Larry Greenberg 2018. All rights reserved. No secondary distribution without express permission.
Tags: bonds, Dollar, gold and oil, stocks
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