British industrial production and trade balance
Mideast Tensions Flare and Long-Term Interest Rate Spreads Widen
January 12, 2024
As warned previously, U.S. and British retaliatory air strikes on Houthis targets in Yemen were carried out to avenge previous Houthis attacks on commercial ships in the Red Sea. The price of WTI oil leaped 3.6% overnight on fears of a widening war in the Middle East. While the 10-year U.S. treasury yield climbed three […] More
Modestly Firmer Dollar Ahead of U.S. Consumer Prices Release
September 13, 2023
The dollar strengthened 0.2% overnight against the yen, euro, sterling and Swiss franc. Analysts project a slight rise in overall U.S. CPI inflation but another slowdown in core inflation that excludes food and energy. U.S. stock futures are a bit softer. Share prices closed down 0.7% in Australia, 0.5% in China, and 0.2% in Japan. […] More
Less Confidence About Where Inflation May Be Headed
January 13, 2023
Financial market participants are grasping for every straw about inflation the way they once did regarding news about the Covid-19 pandemic. Because there is so much uncertainty regarding each, wide daily and intra-day swings have become common, as each incremental piece of news tips sentiment. In the short first two weeks of 2022, one story […] More
Equities Tumbling Anew as Inflation and Interest Rates Climb
January 14, 2022
The dollar overnight rose 0.1% against the euro and on a weighted basis, held unchanged against the Swiss franc and sterling and fell 0.3% versus the yen. Share prices dropped 1.3% in Japan, 1.4% in South Korea, 1.1% in Australia, and 1.0% in South Korea. The German Dax and Paris Cac show losses so far […] More
Many Data Already Reported… Now Waiting for U.S. CPI and FOMC Minutes
October 13, 2021
The dollar slipped overnight by 0.3% against the Swiss franc and sterling, 0.2% versus the euro, peso and on a DXY weighted basis, and 0.1% relative to the Canadian dollar, Chinese yuan, and Turkish lira. Ten-year sovereign debt yields have dropped four basis points in Germany and five bps in the U.K. but only a […] More
Cautious Optimism on a Couple of Fronts
October 9, 2020
The reopening of Chinese markets after the Golden Week holiday say the yuan advance 1.3%, reflecting ongoing strength in its offshore value, and China’s stock market advance 1.7%. The dollar also fell overnight by 0.6% against the Swiss franc, 0.5% relative to the kiwi and Mexican peso, 0.4% versus the euro, 0.3% vis-a-vis the Australian […] More
Continuing Market Volatility, an Unscheduled Bank of England Rate Cut, and Big Night for Biden
March 11, 2020
Share prices in Asia fell 2.3% in Japan, 2.8% in South Korea, 3.6% in Australia, 1.7% in Singapore and 0.9% in China. U.S. futures are down, but in Europe, stocks have so far risen 1.3% in France, 1.0% in Germany, 0.7% in Spain, and 0.6% in both the U.K. and Switzerland. The ten-year U.S. Treasury […] More
Time Running Out on Several Matters
February 11, 2019
The temporary suspension of the U.S. Federal Government shutdown ends on Friday. A deal between the White House and Congressional Democrats that meets President Trump’s insistence on border wall funding is not in sight. Perhaps he should bankroll the project out of his personal wealth or establish a Go-Fund-Me campaign to raise the money. Chinese […] More
Difficult Session in Asia but European Markets Are Higher
September 10, 2018
Share prices fell 1.4% in Hong Kong, 1.2% in China and India, 1.1% in Taiwan, 0.7% in New Zealand, and 0.4% in Indonesia and Singapore. The Japanese Nikkei rose only 0.3% despite a significant upward revision of second-quarter GDP growth in that economy. Equities in Europe, by contrast, have advanced in today’s session so far […] More
