British industrial production and trade deficit
Equities Down and Bond Yields Rise Again
October 10, 2018
The dollar is comparatively steady, showing no net overnight change against the euro, yuan or sterling and upticks of 0.1% versus the Swiss franc, loonie and Australian dollar and of 0.2% relative to the Mexican peso. Somewhat bigger appreciations have occurred against the kiwi of 0.4% and yen of 0.3%. Share prices fell 1.1 in […] More
Post-G7 Market Reaction Suppressed ahead of Tomorrow’s Kim-Trump Meeting and Several Key Central Bank Policy Reviews Later this Week
June 11, 2018
The annual summit of Group of Seven leaders over the weekend went poorly (see my review), but share prices mostly rose today in Asia and Europe. Stocks advanced 0.8% in South Korea, 0.5% in Japan, 0.4% in New Zealand, 0.3% in Hong Kong, 0.2% in Singapore, and 0.1% in India but slipped 0.5% in China […] More
Bond Market Slide Weighing on Dollar and Stocks
January 10, 2018
Rising long-term interest rates caused by growing optimism about global growth prospects is now depressing the dollar and stocks. The 10-year Treasury yield is 18 basis points above the end-2017 level just seven business days into 2018. Another Treasury market depressant has been an apparent Chinese decision to suspend purchases of U.S. government debt. The […] More
Softer Pound
May 11, 2017
Sterling fell 0.4% against the dollar overnight. The ten-year British gilt yield has firmed two basis points, and the Ftse is little changed. The Bank of England left policy unchanged but suggesting greater monetary policy tightening during the forecast period than is implied in market interest rates. Several British economic statistics were reported. Similar to […] More
Awaiting U.S. Jobs Data
September 6, 2013
The dollar has lost 0.8% against the kiwi, 0.6% versus the loonie, 0.4% relative to the yen and Australian dollar and 0.1% versus the Swiss franc. The dollar is also unchanged against sterling, the euro and yuan. Japan’s Nikkei slumped 1.5% in part on unconfirmed news that Tokyo, heretofore the front-runner, is not going to […] More
