Australian CPI

Sterling Rebounds and Streak Ends of Higher Daily Closes in Japan’s Stock Market

October 25, 2017

Sterling rose 0.9% overnight, buoyed by stronger-than-forecast third-quarter GDP growth. Xi Jinping introduced the new Chinese Politboro, all with similar ages to himself, and in so doing failed to signal an apparent successor in 2022. He is now China’s most powerful leader since Mao. Japan’s Nikkei closed down 0.5%. That was the first daily loss […] More

Market Pause

April 26, 2017

After sharp advances on the first two days of the week, equities flattened as investors assessed whether so much optimism is really justified. Opinion polls, which point to a comfortable win for Macron over Le Pen in the early May presidential run-off election, have been wrong before as we saw in Britain and the United […] More

FOMC Day and an Australian Data Surprise

April 27, 2016

The Federal Open Market Committee will release a statement at 14:00 EDT (18:00 GMT) on the results of its third policy meeting of 2016.  The federal funds rate is not expected to change, and attention will be focused on comments regarding U.S. economic conditions and likely prospects for clues to the timing of the next […] More

Continuing Financial Market Volatility on this FOMC Decision Day

January 27, 2016

The FOMC will release a U.S. monetary policy statement at 19:00 GMT (14:00 EST).  The statement this time will not be accompanied by new forecasts or a subsequent press conference.  The federal funds rate was hiked at the prior meeting in mid-December, so a further increase at this one never appeared likely.  The current interest […] More

Weaker Dollar Especially against the Ozzie and Sterling

April 22, 2015

The Australian dollar has risen 1.2% against its U.S. counterpart, buoyed by Aussie first-quarter CPI data that showed core inflation falling no further and remaining above 2.0% target floor. Sterling was lifted 0.7% against the dollar by Bank of England April 8-9 minutes that revealed not only a unanimous 9-0 vote for no change but […] More

Data Surprises – Both Good and Bad

July 24, 2013

Euroland preliminary PMI results were better than hoped. The composite Ezone PMI of 50.4 broke above the 50 no change threshold to an 18-month high.  Manufacturing at 50.1 was at a 24-month peak, while services at 49.6 was at an 18-month high and reinforced a picture that the recession seems to be bottoming. Germany‚Äôs 52.8 […] More

Attention on FOMC and Davos

January 25, 2012

The annual World Economic Forum in Davos opens today with a speech from German Chancellor Merkel.  A PSI agreement between Greece and holders of its debt still hasn’t been reached.  The FOMC releases its policy statement at 17:30 GMT.  This will be followed by forecasts including the interest rate expectations of individual members, and Fed […] More

Next Week

April 22, 2011

The Federal Reserve will be in the spotlight next Wednesday.  Note that the FOMC interest rate policy statement will be released at 12:30 local time (16:30 GMT) instead of the usual 14:15 hour.  Then Chairman Bernanke at 18:30 will inaugurate a new press conference feature in attempt to make policy even more transparent.  Four press […] More

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