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April 4, 2018
As a presidential candidate, Trump prioritized the U.S. trade imbalance, which he blamed on unfair practices of America’s trading partners. But as president, he acted initially on many other issues, while doing little about trade. Then came the U.S. tariffs on steel and aluminum, which by themselves affected only a sliver of commerce. A month […] More
Tags: Australian retail sales, Euroland unemployment and CPI, Service sector PMIs
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Sino-U.S. Trade Dispute Evolves Into Deeper Conflict and Rattles Markets
April 3, 2018
While many markets had remained shut for Easter Monday, U.S. equities plunged yesterday, led by technology issues. Today in earlier trading, markets have paused comparatively speaking. Stocks closed down only 0.8% in China, 0.6% in Taiwan, and 0.5% in Japan and Singapore, and the Hang Seng rose 0.8%. Likewise, stocks in Europe have fallen 0.9% […] More
Tags: German retail sales, Manufacturing PMI surveys, Reserve Bank of Australia
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Continuing Parade of March Purchasing Managers Surveys
April 2, 2018
A rare April snow storm is hitting the U.S. Northeast. Market volume even without the snow would have been thin because of numerous Easter Monday closures, for instance in Australia, New Zealand, Spain, Switzerland, Great Britain, Germany, Spain, Norway and Hong Kong. South Africa is observing Family Day. As a new calendar quarter kicks off, […] More
Tags: Japanese corporate sentiment survey, Manufacturing PMIs, Tankan survey
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Snow, Dollar, Stocks and Bonds Falling on Easter Monday
March 30, 2018
Numerous markets around the world are closed for Good Friday/Easter, and many of these will not open again until Tuesday. The Jewish celebration of Passover begins tonight as well. The Japanese Nikkei ended the quarter with a 1.4% advance but still lost 5.8% for the quarter. Share price gains in China, South Korea, Taiwan, Thailand […] More
Tags: French and Italian consumer prices, Japanese industrial production and unemployment
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on First Quarter Ends with a Holiday and Released Japanese Data
March 29, 2018
The dollar has slipped 0.4% against the yen, 0.3% relative to the Aussie currency, 0.2% versus the peso, yuan and loonie, and 0.1% vis-a-vis the euro and Swiss franc. The dollar also edged up 0.1% against sterling overnight. British real GDP growth last quarter was confirmed to have risen 0.4%, down from a 0.5% increase […] More
Tags: British GDP and current account, German unemployment and CPI, Italian PPI, Japanese retail sales, U.S. personal income and consumption
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar Down a Bit, Stocks Go a Little Higher
March 28, 2018
Although stocks traded mostly lower overnight, U.S. futures point to a rise around the open. However, a pattern seems to be forming of early resilience giving way to sell-offs in the final part of each session. This is reminiscent of 2008-09, when much of the markets steep decline occurred in the final 30 minutes of […] More
Tags: Bank of Thailand, German and French consumer sentiment
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Investors Not Sure What to Think
March 27, 2018
Share prices closed up 2.7% in Japan, 1.2% in in Hong Kong, 1.4% in Taiwan, 1.1% in China, 1.0% in New Zealand, 0.8% in Singapore and 0.7% in Australia. In European trading, equities have risen between 1.5% and 2.0% in the U.K., Germany and Switzerland and between 1.0% and 1.5% in France, Spain and Italy. […] More
Tags: Case-shiller index, Euroland economic sentiment, German import prices, Kim Jing Un
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Monday Rebound of Stocks Extended and Dollar Higher Too
March 26, 2018
Equities recouped some of last week’s heavy losses in early trading. Share prices closed higher by 0.7% in Japan, 1.4% in India, and 0.8% in Hong Kong and South Korea. Equities in Europe so far show gains of 1.0% in Switzerland, 0.7% in Germany, 0.6% in Spain, 0.5% in the U.K. and 0.4% in France. […] More
Tags: dollar and yen, French GDP, yuan-backed oil futures
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Stocks Up… Dollar and Yen Down
March 23, 2018
Stocks slumped 974 points, or 4.5%, overnight in Japan. Equities in the Pacific Rim also lost 3.4% in China, 3.2% in South Korea, 2.8% in Hong Kong, 2.0% in Australia and Singapore, 1.7% in Taiwan, 1.2% in India, and 1.0% in New Zealand. The sell-off continued in Europe with drops thus far today of 1.6% […] More
Tags: equity markets, Japanese consumer prices, trade wars
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Move Out of Risk Assets Extended
March 22, 2018
While Fed Chairman Jay Powell downplayed the risk to growth from trade restraints at least insofar as any influence on U.S. monetary policy is concerned, global financial markets are taking the danger of a trade war very seriously, particularly as President Trump seems poised to slap $50 billion of tariffs on imported Chinese goods. There’s […] More
Tags: Bank of England, Euroland current account, French and German business climate, Japanese all-industry index, purchasing manager indices
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Trade War Fear Takes Center Stage
