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November 19, 2019
The dollar and 10-year sovereign debt yields hardly changed overnight. Prices for WTI oil and Comex gold fell 1.0% and 0.3%. The main action of the day has involved equities. Stock markets in the Pacific Rim advanced 1.6% in Hong Kong, 0.9% in China, 0.7% in Australia, and 0.5% in Taiwan, India and Indonesia but […] More
Tags: British industrial trends survey, Euroland construction output and current account, New Zealand PPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Another Fairly Uneventful Day in the Market
November 18, 2019
Hong Kong saw another day of violent protests and the arrest of many students trying to leave the University. Hong Kong’s stock market climbed 1.4%, nonetheless. Elsewhere in the Pacific Rim, stock markets advanced 0.6% in China, Taiwan, and Singapore and by 0.5% in Japan. The Australian and New Zealand markets fell 0.4% and 0.3%. […] More
Tags: British election polls, sterling rises, Thailand GDP
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Focus on Hong Kong Unrest and U.K. Election
November 15, 2019
After a few days that saw sovereign debt yields decline, ten-year U.S. Treasuries, German bunds and British gilts each rose two basis points overnight. In stock market action, equities rose 0.9% in Australia, 1.1% in South Korea, 0.7% in Japan and Taiwan but slipped 0.6% in China. European stock markets so far show gains of […] More
Tags: Bank of Mexico, Euroland CPI and trade balance, Revised Japanese industrial production, U.S. import prices
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Out of Fixed Income Assets and Into Stocks
November 14, 2019
Japanese real GDP expanded at a lower-than-forecast 0.2% last quarter at a seasonally adjusted annualized rate. It was the weakest quarterly growth rate in a year. Net exports and inventories combined to exert a 1.8 percentage point drag on GDP growth. The GDP price deflator rose 0.6% between the third quarters of 2018 and 2019. […] More
Tags: Chinese industrial production and retail sales, Euroland GDP, Japanese GDP
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Important Japanese, Euro Area, and Chinese Data Released
November 13, 2019
Investors have much to watch today including two separate congressional events of great interest. Public hearings on a possible impeachment of President Trump begin at 10:00 EST in the House Intelligence Committee, and one hour later Fed Chairman Powell testifies on the economic outlook before the Joint Economic Committee. There’s already been one central bank […] More
Tags: Euroland industrial production, impeachment hearings, Jay Powell testimony, Reserve Bank of New Zealand, U.S. CPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on A Little Bit of Everything This Wednesday
November 12, 2019
The dollar traded up overnight by 0.4% against the kiwi, 0.3% relative to the Swiss franc, 0.2% vis-a-vs the euro, loonie and sterling, and 0.1% against the Australian dollars. Stock markets in the Pacific Rim advanced by 0.8% in Japan, South Korea, Taiwan and Singapore and by 0.5% in Hong Kong and Indonesia. India is […] More
Tags: British labor statistics, U.S. small business sentiment
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar and Stock Markets Up
November 11, 2019
Equity markets are open despite today’s observance of Veterans Day in the United States, Remembrance Day in Canada and Armistice Day in France, which observes the 101st anniversary of the end of World War I. Investors are reacting to some meaningful data and other developments. Street protests in Hong Kong turned more violent, sending the […] More
Tags: British GDP, British trade balance, U.K. industrial production
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Active Day for Markets In Spite of Holidays
November 8, 2019
The dollar appreciated overnight by 0.6% against the kiwi, 0.3% versus the Australian dollar, 0.2% relative to the loonie, yuan, and peso, and 0.1% vis-a-vis the yen, euro, sterling and Swiss franc. The 10-year gilt and U.S. Treasury yields extended their rise by another three basis points. Comparable sovereign debt yields in Italy, Greece, Portugal […] More
Tags: Australian Monetary Policy Statement, Central Reserve Bank of Peru, China trade surplus, German current account
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar and Sovereign Debt Yields Firm… Commodity and Share Prices Lower
November 7, 2019
A claim was made by a Chinese Commerce Ministry spokesman that the U.S. and China have agreed to a phased and mutual reduction of trade deficits but only contingent on a trade deal being done. Stock markets are up 0.7% in Germany, 1.0% in Australia, 0.7% in Singapore, 0.6% in Hong Kong, 0.5% in India, […] More
Tags: Bank of England, Czech National Bank, Euroland contruction PMI, German industrial production, National Bank of Serbia
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Risk Back On
November 6, 2019
The dollar on balance remains near Tuesday closing levels. Gold is 0.3% firmer. The spate of recent increases in 10-year sovereign debt yields was reversed today with 3-basis point declines in U.S. Treasuries and British gilt yields and a dip of 1 basis point in the 10-year German bund yield. The Japanese 10-year JGB yield, […] More
Tags: Bank of Thailand, Central Bank of Iceland, Euroland retail sales, Euroland service sector PMI, German industrial orders, National Bank of Poland, National Bank of Romania, U.S. productivity
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on A Steady Dollar
