October in Figures

November 1, 2018

October was a broadly strong month for the dollar but a bad one for global equities. Monetary policy rates did not change this past month in the U.S., Euroland, Japan, Great Britain or Switzerland, but 10-year sovereign debt yields rose in North America while falling in Europe, and staying unchanged in Japan. The price of West Texas Intermediate crude oil slump a bit more than 10%, while Comex gold climbed back above the $1,200 per ounce threshold.

10-Yr Yield 09/28/18 10/31/18 Chg vs End-3Q
U.S. 3.06% 3.14% +8 Basis Points
Germany 0.47% 0.38% -9
Japan 0.12% 0.12% 0
U.K. 1.57% 1.43% -14
Canada 2.42% 2.49% +7
Switzerland -0.01% -0.07% -6
CB Policy Rate 09/28/18 10/31/18 Chg vs End-3Q
Fed funds target 2.00/2.25% 2.00/2.25% 0 Basis Points
ECB deposit rate -0.40% -0.40% 0
BOJ policy rate -0.10% -0.10% 0
BOE Bank Rate 0.75% 0.75% 0
Swiss 3M Libor -1.25/-0.25% -1.25/-0.25% 0
FX 09/28/18 10/31/18 Pct Chg in $
EUR/USD 1.1604 1.1317 +2.5%
USD/JPY 110.68 112.93 +2.o%
USD/CHF 0.9817 1.0085 +2.7%
GBP/USD 1.3033 1.2770 +2.1%
AUD/USD 0.7405 0.7072 +4.7%
NZD/USD 0.6781 0.6517 +4.1%
USD/CAD 1.2926 1.3159 +1.8%
USD/CNY 6.8686 6.9757 +1.6%
Equities 09/28/18 10/31/18 Chg vs End-3Q
S&P 500 2914 2712 -6.9%
Nasdaq 8046 7306 -9.2%
Djia 26458 25116 -5.1%
Dax  12247 11448 -6.5%
Nikkei 24120 21920 -9.1%
Ftse 7510 7128 -5.1%
Canada TSE 16073 15027 -6.5%
Swiss SMI 9088 9022 -0.7%
Commodities 09/28/18 10/31/18 Chg v End-3Q
Oil, $ per barrel 73.25 65.31 -10.8%
Gold, $ per ounce 1191.50 1212.30 +1.7%

Copyright Larry Greenberg 2018.  All rights reserved.  No secondary distribution without express permission.

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