Australian PPI

May Day 2015

May 1, 2015

Many markets particularly in Europe are shut for May Day.  This has held down the usual flood of manufacturing PMIs on the first day of the month.  Japanese inflation picked up for the first time in almost a year, but Japan’s factory purchasing managers index edged below the no-change threshold. The British PMI printed significantly […] More

No Progress in U.S. Debt Ceiling Talks

July 25, 2011

Risk-on trading has returned.  The Swiss franc and yen rose 1.8% and 0.5% against the dollar, which has also slipped 0.2% against the euro and 0.1% relative to the Canadian and New Zealand dollars.  The dollar has firmed 0.1% against sterling and is unchanged versus the yuan.  Gold leaped 1.2% to $1620.20 per ounce. No […] More