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January 3, 2020
Safe haven currencies like the dollar and yen rose overnight. Investors shifted funds out of stocks, which had soared Thursday, into fixed income securities. 10-year sovereign debt yields fell five basis points each in the U.S., Germany and Great Britain. Equity markets dropped 0.8% in Japan, 0.6% in Indonesia and Australia, and 0.4% in India […] More
Tags: French CPI, German CPI and unemployment, Hong Kong retail sales, Manufacturing PMIs
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Markets Guided by Fresh Urge to Seek Safety
December 30, 2019
The dollar slid overnight by a further 0.3% against the yen, sterling, Swiss franc and Australian and New Zealand dollars. The dollar also fell 0.2% against the euro and by 0.1% relative to the yuan and loonie. This extends the losses before the weekend on Thursday and Friday. Stock markets in the Pacific Rim weakened […] More
Tags: Peoples Bank of China, Russian PMI, South Korean retail sales and industrial production, Spanish GDP, Trump impeachment
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar Drops Additionally, and Stock Markets Down Too
December 27, 2019
The dollar recorded overnight declines of 0.6% against sterling, 0.5% versus the Australian dollar and Swiss franc, 0.4% relative to the euro and kiwi, 0.3% against the loonie and 0.1% versus the yen and peso. Most stock markets firmed. In Japan and China whose markets remained open all week, by contrast, share prices fell 0.4% […] More
Tags: Central Bank of Sri Lanka, Japanese industrial production and retail sales, Japanese unemployment, Tokyo consumer prices
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Share Prices Firm but Dollar Softer
December 26, 2019
Extended Christmas holidays known in many countries as Boxing Day have kept market action to a minimum. The United States is an exception. U.S. share prices opened modestly higher. Share prices rose 0.9% in China, 0.6% in Japan, 0.4% in South Korea and Turkey but fell 0.7% in India. The dollar rose overnight by 0.4% […] More
Tags: Japanese housing starts, U.S. jobless insurance claims
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Many Markets Still Closed
December 25, 2019
Many, many markets are closed today, including the United States, U.K., Germany, France, Italy, the Netherlands, Belgium, Portugal, Spain, Greece, Sweden, Norway, Ireland, Finland, Ukraine, Bulgaria, Czech Republic, Poland, Hungary, Romania, Austria, Slovakia, Estonia, Lithuania, Latvia, Switzerland, Croatia, Cyprus, Lebanon, Australia, New Zealand, Canada, Mexico, Brazil, India, Indonesia, Hong Kong, South Korea, Malaysia, Sri Lanka, […] More
Tags: Japanese corporate service prices
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Christmas 2019 and All Is Calm
December 24, 2019
Financial markets are either closed all day or part of the day in Spain, Italy, Germany, Switzerland, Australia, New Zealand, Norway, Portugal, the Netherlands, Indonesia, Singapore, the U.K., France, Singapore, and Hong Kong. U.S. markets will shut down about an hour after noon EST. Overnight movements in the dollar have by and large been confined […] More
Tags: Bank of Japan Minutes, Christmas Eve market closures, Japanese supermarket sales
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Little Opening and Not Much Happening this Xmas Eve
December 23, 2019
The weakest major currency this Monday has been sterling, which has slipped below $1.30 and by 0.4% in all from Friday’s close. The U.S. dollar otherwise has been mixed, dipping 0.2% against both the Australian and New Zealand dollars and 0.1% relative to the yen and euro. The dollar alternatively shows slight gains of 0.2% […] More
Tags: Chinese tariff cuts, German import prices, U.S. durable goods orders, U.S. new home sales
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Sterling Looking a Touch Fragile
December 20, 2019
A lot of economic data was released on the final day of the final meaningful week of 2019, but the market is settling into yearend mode and showed a muted reaction. The dollar firmed overnight by 0.3% against the euro and Swiss franc but slipped 0.3% relative to sterling. There were dollar upticks of 0.2% […] More
Tags: Bank of Mexico, British GDP, Japanese CPI, PBoC, U.S. GDP, U.S. personal spending
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on More Smoke than Fire
December 19, 2019
President Trump has been impeached by a House of Representatives partisan vote of 229-197. He will get a trial in the senate. Market movements today are mostly unremarkable. Sovereign debt yields are up. Equities are down a bit in Europe but started on an up note in the United States. New Zealand’s stock market rallied […] More
Tags: Bank Indonesia, Bank of England, Bank of Japan, Bank of Norway, British retail sales, Swedish Riksbank, U.S. current account
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Thursday Rundown of Overnight News, Data Reports, and Central Bank Decisions
December 18, 2019
With the yearend holidays fast approaching, it’s hard to identify overriding themes in financial markets. The dollar is mixed, with rises overnight of 0.4% against sterling, 0.2% relative to the euro and 0.1% against the yuan, no net changes versus the Swiss franc and yen, and dips of 0.3% vis-a-vis the kiwi, 0.2% against the […] More
Tags: Bank of Thailand, Canadian CPI, Czech National Bank, Euroland construction output and CPI, German business climate index and PPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Sliding Into Yearend Mode
