Australian jobs

Less Risk Aversion than Yesterday

October 15, 2015

Share prices recovered 2.4% in China, 2.1% in Hong Kong, 1.2% in Japan and South Korea, 1.1% in New Zealand and Singapore, 0.9% in India and Taiwan, and 0.% in Australia.  Equities have risen in Europe so far today by 1.7% in Germany and Italy, 1.4% in France, 1.1% in Greece, 0.6% in Spain and […] More

Many Central Banks Meet — Most Retain Existing Policy Stances

May 8, 2014

Central banks in Malaysia, Indonesia, Norway, and the Philippines left key interest rates unchanged at 3.0%, 7.5%, 1.5% and and 3.5%, respectively.  All these actions were as expected.  The National Bank of Serbia, in contrast, cut its key policy interest rate to 9.0% from 9.5%.  Next up is the Bank of England, then the ECB […] More

Letting Greece Default Next Month Now Seen as Acceptable Gamble by Many

February 16, 2012

The once unthinkable possibility of a Greek default is now being discussed openly and is preferred by many inside and outside of Greece.  The passage of time is largely responsible for this transformation.  Contagion to other euro area members is considered less likely because of greater resources to resist such and the view that Greece’s […] More

Fearful Markets

May 12, 2011

Commodities and stocks have been hammered.  The dollar and yen are stronger.  Investors fear a commodity market squeeze from higher margin requirements.  Another worry is that European leaders may not agree to a larger aid package for Greece.  Weak overnight data are meanwhile weighing on economic growth prospects.  Then there is the fast-approaching end of […] More

Signs of Strength Reported in Asia

December 9, 2010

Supported by the recent sharp increase in longer-term U.S. interest rates, the dollar rose overnight by 0.4% against sterling, 0.3% versus the euro and 0.2% relative to the Swiss franc.  A stellar Australian jobs report lifted the Aussie dollar by 0.5%, but the kiwi is flat as New Zealand’s central bank signaled a flatter future […] More