British labor statistics

New Zealand Dollar Volatility and Some Interesting Data Reports

October 14, 2015

A speech by Governor Wheeler of the Reserve Bank of New Zealand whip-sawed the kiwi.  The currency initially fell 0.4% to as low as USD 0.6619 when the central bank head indicated that the Official Cash Rate probably will fall further, contingent on future economic news, but it then roared back to USD 0.6726, a […] More

China Stocks Up, OECD Growth Forecasts Revised, and U.S. and Eurozone CPI Data Released

September 16, 2015

A 5% jump in China’s stock market led equities higher overnight, with other gains amounting to 2.3% in Hong Kong, 2.0% in South Korea, 1.6% in Australia, 1.0% in India, 0.8% in Japan, 0.9% in Taiwan, and so far 1.5% in Spain, 1.0% in Italy, 2.1% in Greece, 0.7% in Germany, 0.8% in Switzerland, and […] More

Yuan Decline Triggers Fresh Drop in Global Equities and Sovereign Debt Yields

August 12, 2015

The yuan fell by a further 0.9% against the dollar to 6.38, and in Hong Kong offshore trading the quote sank to 6.552.  Chinese central bank officials played down the development as a temporary adjustment to the new pricing system that will be more heavily influenced by market forces.  They asserted that economic fundamentals do […] More

Large Setback in European Share Prices

April 17, 2015

Markets are hedging against the once-unthinkable possibilities of a Greek debt default or Greece leaving the common European currency area or both, and there is fear that the consequences will not hit Greece alone. Share prices have dropped by 2.2% in Italy, 2.1% in Spain, 1.9% in Germany, 1.4% in France, 1.2% in Greece and […] More

Some Optimism about Greek Talks

February 18, 2015

An anonymous officials claims Greece will request an extension of the bailout program, but the devil is in the details.  Germany suspects a semantic shift only and wants assurances that Greece is prepared to continue the mandated austerity.  The situation is murky, but markets have today been inclined to assume an optimistic outcome rather than […] More

Less Optimism from the World Bank about Economic Outlook

June 11, 2014

European share prices and U.S. futures have backed downward following downward revisions by the World Bank of projected 2014 growth in the world, U.S., Japan, and several emerging markets including China.  Equities show losses so far of 0.8% in Germany and Spain, 0.9% in Italy, 0.5% in Britain, and 0.7% in France.  In the Pacific […] More

Greater Investor Optimism

May 14, 2014

Hope is rising that policy steps will be taken in China to support property values. The Bank of England’s quarterly Inflation Report is not as hawkish as some were expecting.  Although projected a bigger decline in unemployment than seen in the February report, officials maintained a 3.4% 2014 growth forecast and anticipate inflation over the […] More

Lots of Data and a Better Tone in Equities

April 16, 2014

Japan’s Nikkei catapulted 3.0% higher, and stocks so far in Europe are up by 2.0% in Italy, 1.1% in Spain, 0.9% in France, 0.8% in Germany, 0.5% in Switzerland and 0.3% in Britain.  In other selected markets around the Pacific Rim, stocks gained 0.6% in Australia, 0.3% in New Zealand, 0.2% in Singapore and 0.1% […] More

Awaiting Possible New Clues from the FOMC

March 19, 2014

The FOMC decision is due at 1600 GMT and will be followed by Janet Yellen’s first press conference a half hour later. Malaysian Flight 370 is still missing, with concerns climbing it will never be found. The dollar is unchanged against the euro and kiwi, up 0.4% versus the loonie and 0.1% relative to the […] More

Weak Ezone GDP Data Sends Euro Below $1.2900

May 15, 2013

The dollar is stronger across the board, with gains of 0.8% against the Swissie, 0.6% versus the euro, 0.4% relative to the yen, loonie and Aussie dollar, 0.2% against the kiwi, and 0.1% versus the yuan and sterling. Japan’s Nikkei-225 shot up 338 points or 2.3%, closing above 15,000 for the first time since January […] More

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