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June 11, 2019
Equities advanced in the Pacific Rim by 2.6% in China, 1.6% in Australia, 0.9% in Hong Kong and 0.3% in Japan. In European trading thus far, stocks have risen 1.3% in Germany, 1.0% in Switzerland, 0.9% in Italy, 0.8% in France and 0.5% in the U.K.. European data reflect continuing concern about trade tensions. The […] More
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Equities Rally Further… Dollar Narrowly Mixed
June 10, 2019
A deal was reached between U.S. and Mexican officials in which Mexican troops will be deployed to contain migrants crossing into the U.S. and President Trump withdrew his threat of escalating tariffs. The success of this deal will be reassessed in 3 months. In market action overnight equities, the price of oil and 10-year sovereign […] More
Tags: British industrial production and trade, China trade balance, Japanese current account, Mexican trade deal
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Equities and Sovereign Debt Yields Up After U.S. Tariff Hikes on Mexico Averted
June 4, 2019
The dollar is unchanged against the yen, euro, sterling and yuan. The greenback edged marginally higher overnight against the Aussie dollar and kiwi. In other financial market action earlier today, share prices fell almost 1% in China but closed flat in Japan. The German Dax is up 0.8%, while stocks in the U.K. and France […] More
Tags: Euroland CPI and unemployment, Reserve Bank of Australia
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Australian Interest Rate Cut and Greater-than-Forecast Inflation Retreat in the Euro Area
June 3, 2019
The dollar slid overnight by 0.4% against the kiwi, 0.3% versus the Swiss franc and Australian dollar, 0.2% vis-a-vis the loonie and 0.1% against the euro, while holding flat relative to the yen and sterling. 10-year sovereign debt yields slipped six basis points in Italy, 2 bps in France and the U.K. and a basis […] More
Tags: manufacturing PMI results, President Trump
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Stocks and Bond Yields Lower, May Manufacturing PMIs Out, and Yet Another Trumpian Insult of a Foreign Politician
May 31, 2019
President Trump is imposing a tariff on all U.S. imports from Mexico in retaliation of that country’s failure to contain the flow of migrants crossing into the United States. China is ramping up its response to President Trump’s recent protectionist acts against Chinese exports and especially the action against Huawei. U.S.-EU trade talks also have […] More
Tags: and retail sales, Central Bank of Sri Lanka, German retail sales and CPI, Japanese industrial production, tariffs on all Mexican imports, unemployment
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Financial Markets Feeling the Strain of A Breakdown in International Trade Relations
May 30, 2019
Share prices in Europe are up 1.0% in Spain, 0.6% in Germany, 0.5% in France and the U.K., and 0.3% in Italy. U.S. futures suggest a rise at the open of U.S. stocks at the open, but that could change when U.S. data arrive covering GDP, jobless insurance claims and the advance trade deficit indication. […] More
Tags: Mueller, trade tensions
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on A Moderate Uptick in Equities in Spite of More Trade Worries
May 29, 2019
The ten-year U.S. Treasury yield dropped another 3 basis points, and sovereign debt yields of similar maturity slid a basis point overnight in Germany, the U.K., and Japan as well. Investors are bracing for slower global growth as trade protectionism intensifies. Share prices fell by a bit more than 1.0% in Japan, South Korea, France, […] More
Tags: and PPI, CPI, French GDP, German unemployment, Italian business and consumer confidence
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Further Decline in Sovereign Debt Yields and Share Prices
May 28, 2019
President Trump’s predisposition to fight a tariff war that he believes is winnable depressed the 10-year U.S. Treasury yield below 2.30% to its lowest level since October 2017 and weighed on European and Asian share prices. Equities fell 1.1% in Indonesia, 0.4% in New Zealand and 0.2% in Taiwan and Singapore. Stocks in Europe have […] More
Tags: Euroland economic sentiment, Ezone M3 money growth, German import prices, Swiss GDP, trade war concerns
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Tariff War Concerns Rattle Investors
May 27, 2019
The dollar is little changed. U.S. markets will be shut for Memorial Day, and British markets were closed for the late Spring banking holiday. Britain’s makeshift Brexit Party whose agenda consists solely of taking the country out of the EU as soon as possible and at any cost easily captured the biggest British slice of […] More
Tags: EU parliamentary election results, holidays, Trump
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on European Parliamentary Election Results Trickling In
May 24, 2019
The effective date of Prime Minister May’s resignation is June 7th. Her decision followed an emphatic parliamentary defeat on her last attempt to secure approval of a managed Brexit and EU parliamentary elections. While the exact result of how British voters cast their ballots will not be known for a while, exit polls point to […] More
Tags: British retail sales, Huawei, Japanese CPI, Prime Minister May resignation
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Theresa May Stepping Down as U.K. Prime Minister
