British GDP
Bond Selloff Gathers Impetus
October 27, 2016
Investor caution has shifted from stocks to bonds. Dollar changes against currencies of other advanced economies have been limited. Several emerging market currencies — e.g. the rand and won — have depreciated. Economic data released today have generally accentuated the positive. The dollar lost 0.2% against the euro overnight and 0.1% relative to the loonie […] More
Deluge of Politics and Economics at Midyear
June 30, 2016
Today’s Brexit bombshell is that the Leave movement’s leader, Boris Johnson, pulled out of the running to be Britain’s next prime minister and the person to decide when to invoke Article 50 of the Lisbon Treaty, which guides the unprecedented countdown for exiting the European Union. Johnson’s decision presumably will further delay what happens from […] More
Firmer Commodity Prices
May 26, 2016
Crude oil (+0.7%) and a wide spectrum of industrial metal prices firmed overnight. WTI touched a high of $49.97 per barrel, and brent surpassed $50.00. St. Louis Fed President James Bullard is the latest Fed official to indicate that a June interest rate hike may be in play. He spoke of tightening U.S. labor market […] More
Big Drop in Chinese Share Prices Doesn’t Set Today’s Global Market Tone
February 25, 2016
China’s Shanghai Composite index plunged 6.4% this Thursday after a sharp rise in overnight money rates there. But elsewhere, stocks climbed 1.4% in Japan, 1.0% in Taiwan, 0.3% in South Korea and in Europe now show gains of 3.2% in Greece, 2.6% in Spain, 2.3% in Italy, 2.4% in the U.K., 2.3% in France, 1.6% […] More
Lots of Data to Process
August 28, 2015
The last Friday of August brought forth an exhausting ton of released data: Japanese consumer prices, retail sales, household spending and income, and unemployment; also eurozone sentiment, German consumer prices, French producer prices, Italian wages, consumer confidence and business sentiment, Spanish CPI and retail sales, Swedish GDP, Greek GDP, Swiss GDP, Brazilian GDP, Polish GDP, […] More
Busy Day of Data
February 26, 2015
A surprise 2.2% decline in Australian private investment last quarter rekindled speculation about an interest rate cut by the RBA. British GDP grew 0.5% last quarter and 2.7% from the final quarter of 2013. Average growth accelerated from 1.5% in 2013 to 2.6% last year. The slowdown of growth in the final quarter from 0.7% […] More
Awaiting Several U.S. Data Releases Today Before the Xmas Break
December 23, 2014
The U.S. data release calendar today encompasses the final estimate of 3Q GDP plus monthly personal income and spending, durable goods orders, new home prices, the FHFA house price index, the Richmond Fed manufacturing index, and the Reuters/U. Michigan consumer sentiment index. Weekly chain store sales also get reported. In the meantime, the release of […] More
U.S. Heading for Thanksgiving Day Break
November 26, 2014
Before U.S. markets close early today, a load of U.S. data were released including several downside surprises. New jobless insurance claims jumped 21K last week to 313K, and that boosted the 4-week average rise by 6.25K to 294K. The U. Michigan/Reuters gauge of consumer sentiment in November got revised downward to 88.8 from 89.4 reported […] More
Ebolamania
October 24, 2014
On an otherwise quiet Friday from a data release standpoint, investors will be monitoring any news regarding the confirmed case of Ebola in New York City. Other areas of interest are Sunday’s ECB report on how banks did on the latest stress test and next week’s FOMC meeting. No press conference is scheduled after the […] More
Steady Dollar in Spite of Many Data Releases
June 27, 2014
The dollar is down 0.3% against the yen, 0.2% versus the Swiss franc and 0.1% relative to the euro and yuan. The dollar is unchanged vis-a-vis the loonie and 0.2% firmer against the kiwi and up 0.1% against the Aussie dollar and sterling. Japan’s Nikkei fell 1.4% after some disappointing Japanese data. Although CPI inflation […] More
