Bank of Japan Tankan survey
Stocks and Sovereign Debt Yields Up on Better-than-Expected Chinese and British Manufacturing Data
April 1, 2019
This is not an April Fool’s joke. China’s NBS manufacturing purchasing managers index climbed 1.3 points to a 6-month high of 50.5 in March from February’s 3-year low, while the Caixin-compiled Chinese manufacturing PMI reading of 50.8 constituted an 8-month high. Also, the NBS nonmanufacturing PMI rose 0.5 points to a 6-month high as well […] More
Weak Data Intensify Investor Flight from Risky Assets
December 14, 2018
Equities fell 2.0% in Japan, 1.9% in Hong Kong, 1.5% in China, 1.3% in New Zealand and South Korea, 1.1% in Australia and Singapore, and 0.9% in Taiwan. Share prices are also down 1.0% in the U.S. and Switzerland, 0.8% in France, 0.7% in Italy, and 0.6% in Canada and Germany. The flight to safety […] More
Third Quarter Begins with Dramatic Dollar Appreciation and Stock Market Losses
July 2, 2018
The dollar strengthened 1.1% versus the peso and kiwi, 0.8% relative to the yuan and Australian dollar, 0.7% against the euro and sterling, 0.6% vis-a-vis the Swiss franc, 0.4% against the loonie but just 0.1% versus the yen. Share prices slumped 2.5% in China, 2.4% in South Korea, and 2.2% in Japan as well as […] More
Markets Fooled by Succession of Surprises
April 1, 2016
First oil tumbled almost 4% when a top Saudi political official said Saudi participation in a production freeze would be condition on full solidarity of the whole OPEC cartel, including Iran, in the effort. The pall cast over Asian and European investor sentiment was reflected in share price losses of 3.6% in Japan, 1.6% in […] More
Tankan Survey and Flash Ezone PMI Results above Expectations
December 16, 2013
The dollar this Monday shows overnight declines of 0.4% against the Swiss franc, 0.3% versus the euro and 0.1% relative to the yen and sterling. The greenback climbed 0.3% against the Australian dollar and 0.1% vis-a-vis the kiwi, and it is unchanged against the loonie and yuan. Share prices mostly fell in the Pacific Rim […] More
Japanese Tankan Corporate Survey Not as Upbeat as Hoped
April 2, 2012
10,894 companies participated in the latest quarterly survey done by Japan’s central bank. In the table below which documents the evolution of results, abbreviations used in the first four columns of data stand for big manufacturers (Bm), big non-manufacturer (Bnm), small manufacturers (Sm) and small non-manufacturers (Smn). Where an “a” or no suffix is shown […] More
