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Next Week’s Menu: November 14 – 20, 2020
November 13, 2020
Central Banks: Monetary policies will be reviewed in Thailand, Iceland, Turkey, Indonesia, South Africa, China, The Philippines, and Hungary. NY Fed President Williams speaks publicly as do Bank of Japan Board member Masai, Reserve Bank of Australia Governor Lowe, and Governor Bailey and MPC members Haldane and Ramsden of the Bank of England. Minutes from […] More
FOMC Preview
November 5, 2020
The Fed’s FOMC will announce its latest interest rate decision at 14:00 EST (19:00 GMT). No policy change is anticipated, but Chairman Powell’s press conference will be gleaned regarding any reaction to the continuing fiscal bill inaction in Congress amid a deepening pandemic in the United States. At the time of the previous FOMC meeting seven […] More
Lots of Monthend Data, Fresh Covid Records, Disappointing Tech Earnings, and Home Stretch of the U.S. Election Campaign
October 30, 2020
Almost 600,000 new Covid cases worldwide have been identified in the past day, and the U.S. count exceeded 90,000 for the day and more than 9 million since the first case was reported. U.S. stock futures are down about 1% after several high tech firms reported weaker-than-forecast earnings for 3Q. Share prices in the Pacific […] More
U.S. Election: Some Reflections
October 28, 2020
Much controversy has been stirred up ahead of the U.S. 2020 election, and the suspense is unlikely to be fully settled on Election Day, which is less than one week away. In a country known for low turnout, amplified opportunities for early voting and mail-in ballots are expected to make 2020 an exception on that […] More
Next Week’s Menu: October 17 – 23, 2020
October 16, 2020
Central Banks: Monetary policies will be reviewed in Russia, Ukraine, Sri Lanka, Israel, Turkey, China and Hungary. The Fed Beige Book of U.S. regional economic conditions will be published, and so will minutes of the last monetary policy meetings in Australia and India. ECB President Lagarde, Bank of England Governor Bailey, and DeBelle and Kent […] More
Next Week’s Menu: October 10-16, 2020
October 9, 2020
Central Banks: Monetary policies will be reviewed in Indonesia, Singapore, Chile, South Korea, and Sri Lanka. The Fed Beige Book of regional U.S. economic conditions will be published. Events and Holidays: A Biden-Trump scheduled debate originally scheduled this week has been cancelled. There will be a meeting of the European Council Thursday and Friday, and […] More
Fourth Quarter Starts with Lower Dollar, Firmer Equity Prices, and a Slew of Manufacturing PMI Surveys
October 1, 2020
The dollar fell overnight by 0.5% against the Swiss franc, Australian dollar, kiwi and sterling, by 0.4% versus the euro and by 0.2% relative to the Canadian dollar. A particularly sharp 1.5% drop came at the expense of the Mexican peso. The dollar is steady against the yen. U.S. Covid-19 cases increased 42.5k over the […] More
Dollar and European Equities Slip
August 13, 2020
The dollar slid overnight by 0.6% against sterling, 0.4% versus the euro, 0.3% relative to the loonie, and 0.1% against the Swiss franc. Equities closed higher by 1.8% in Japan, 1.3% in Singapore and 0.7% in Taiwan, but trading in Europe has seen losses so far today of 1.1% in the U.K., 0.3% in Germany […] More
Next Week’s Menu: July 18-24, 2020
July 17, 2020
Central Banks: Monetary policy reviews in Turkey, Ukraine, South Africa, China and Russia. Minutes to be published of last policy meetings at the Bank of Japan and Reserve Bank of Australia. RBA Governor Lowe speaks publicly. Holidays and Events: Belgium’s National Day holiday on Tuesday. Japan observes Marine Day on Thursday and Sports Day on […] More
Malaysia’s 4th Central Bank Rate Cut of 2020
July 8, 2020
There’s been a central bank interest rate cut in Malaysia, the fourth so far this year. The latest change in the overnight policy rate was a reduction of 25 basis points to 1.75%. Earlier cuts of 25 basis points were enacted in January and March followed by a 50-bp move in May. Bank Negara Malaysia‘s […] More
