Australia GDP
Service Sector PMI Surveys and a Whole Lot More Data This Wednesday
March 3, 2021
The dollar overnight rose 1.0% against the Mexican peso, 0.5% relative to the New Zealand dollar, 0.4% versus the Aussie dollar, 0.3% against sterling 0.2% on a trade-weighted basis and 0.1% versus the yen and loonie. Sterling has remained steady on net, by contrast, continuing a pattern of comparative strength since the start of this […] More
Concerns Over Trade Lessen
December 4, 2019
Zig-zagging perceptions from day to day about the likelihood of a U.S.-Sino trade deal have been a major source all year of short-term financial market volatility. The shifts often happen inexplicably, like changing weather. Today investors are more hopeful than yesterday that a deal will be reached to culminate phase I of the trade negotiations. […] More
Markets Less Fearful
June 7, 2017
The troubled Banco Popular in Spain is being acquired by Banco Santander, easing concerns about the banking system in Euroland’s fourth largest economy. Donald Trump announced the nomination of a former assistant attorney general from the Bush43 administration, Christopher Wray, to be FBI Director. The timing of this revelation one day before the highly awaited […] More
U.S. December Interest Rate Hike Still Expected
December 2, 2015
In spite of yesterday’s weak U.S. purchasing managers survey in which the November index (48.6) fell to its lowest level since mid-2009, market participants by and large anticipate an initial federal funds rate hike later this month. In fresh U.S. developments today, ADP estimates a greater-than-assumed 217K increase in private-sector employment last month and revised […] More
