British industrial production

British and Chinese Currencies Weaken at Start of a New Week

January 13, 2020

Sterling fell 0.6% against the dollar overnight. British industrial production, down 1.2%, posted the largest monthly decline in seven months during November and was 1.6% lower than a year earlier. Factory output dropped 1.7% on month and 2.0% on year. November’s monthly measure of U.K. GDP showed a 0.3% decline and the smallest 12-month rate […] More

Little Overnight Change in the Dollar

December 10, 2019

The dollar rose 0.3% against sterling and the Australian dollar but shows nil overnight change otherwise. Stocks were narrowly mixed in the Pacific Rim and are down slightly in Europe. There been little share price movement in the U.S. thus far today. Ten-year sovereign debt yields firmed three basis points in Great Britain as the […] More

Week Opens with A Focus on U.K. and Global Equity Selloff

December 10, 2018

After the European Court of Justice ruled that Britain has the right to unilaterally revoke plans to leave the EU without the permission of other members, British Prime Minister cancelled tomorrow’s scheduled vote on her Brexit plan. She lacks the votes. Several released British data today underscore the huge toll that Brexit and domestic political […] More

Continuing Stock Market Jitters

February 9, 2018

Equities lost 4.1% in China, 3.6% in Hong Kong, 2.3% in Japan, 1.8% in South Korea. They are down 0.9% in France and 0.7% in the U.K. and Germany. After yesterday’s second 1000+ point daily drop of this week, the DOW initially rose today but now shows a decline of nearly 200 points. It’s taken […] More

Global Equities and Sovereign Debt Prices Drop Further

November 10, 2017

Share prices around the Pacific Rim declined 0.8% (or 187 points) in Japan, 0.7% in New Zealand, and 0.3% in Australia, South Korea and Indonesia. European markets are down 0.8% in Greece, 0.4% in Spain, and 0.3% in the U.K., France and Switzerland, but the German Dax and Milan exchange are unchanged. A narrowly mixed […] More

A Focus on Central Banks

September 7, 2016

Money markets are discounting only a one in four likelihood that the fed funds rate gets hiked on September 21 despite hawkish remarks overnight from San Francisco Fed President John Williams, who voiced confidence in current U.S. economic conditions and opined that moving sooner is better than doing so later. The Fed’s Beige Book of […] More

Abrupt Reversal of Tuesday’s Stock Market Rally

May 11, 2016

Share prices in Europe have so far fallen Wednesday by 2.2% in Italy, 1.6% in Spain, 1.3% in Greece, 1.0% in France, 0.8% in Germany and 0.1% in the U.K.. Earlier in the Pacific Rim, stocks fell 0.7% in India, 0.4% in Hong Kong, 0.3% in Taiwan and Singapore and 0.1% in South Korea but […] More

Higher Commodity Prices Provide Some Reassurance

March 9, 2016

West Texas Intermediate crude oil rose 2.3% to $37.32 per barrel, setting a less risk averse tone for other markets. Gold fell back 1.0% to $1,249.20 per ounce. 10-year sovereign debt yields rebounded nine basis points in Japan, 7 bps in the U.K., and 3 bps in the United States and Germany. The DOW is […] More

Hope Ahead of Yellen Testimony

February 10, 2016

U.S. stock futures are higher.  Fed Chair Janet Yellen begins her semi-annual Humphrey Hawkins testimony at 15:00 GMT before the House Financial Services Committee. Many Asian markets remained closed for the Chinese New Year.  The Japanese Nikkei dropped another 2.3%, and equities fell by 1.6% in Singapore, 1.2% in Australia, 1.1% in India, 0.9% in […] More

Weaker British Pound and Russian Ruble

January 12, 2016

The dollar advanced 0.8% against sterling on a disappointing U.K. industrial output report. The dollar is 0.7% stronger against the ruble on a further 0.4% slide in oil prices.  WTI crude petroleum fell another 0.4% to $31.29 per barrel. The dollar is just 0.1% firmer against the yen, showing little reaction to a slew of […] More

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