Case Shiller
Chinese Central Bank to the Rescue — Really No Big Deal
August 25, 2015
The People’s Bank of China reduced its one-year lending and deposit rates by 25 basis points each to 4.60% and 1.75% while also slicing its reserve requirement ratio to 18.0% from 18.5%. Stock markets rebounded on the news. Near 10:30 EDT, key U.S. stock market indices were up by 2.5-3%. In Europe, share prices gained […] More
The Week Bridging 2013 and 2014: Part One
December 31, 2013
Compared to closing levels last Friday, the dollar is marginally changed against the yen, euro and Swiss franc but down 0.6% against the loonie, Australian dollar, and sterling and off 0.9% relative to the kiwi. The Chinese yuan strengthened past 6.06/USD. Share price movements have been contained to gains of 0.7%, 0.3% and 0.2% in […] More
Currency Market Pause Between Major Events
February 26, 2013
Italian elections results sent all financial markets reeling yesterday, but incremental overnight movement in the dollar has been minimal. It will take quite a while before political direction will be established in the euro area’s third largest economy, which places the prospects for reforms and continuing financial market calm in jeopardy. In the meantime, investors […] More
Mixed U.S. Data Received Positively
February 28, 2012
Despite some weaker-than-expected data released today, U.S. share prices are higher, with the Dow at this writing trading above the key 13K level. A 4.0% dive in durable goods orders was the largest drop in three years, but such followed back-to-back increases of 4.2% in November and 3.2% in December and left January’s level of […] More
After the Christmas Break
December 27, 2011
A few markets remain shut for Boxing Day (Britain, Australia, Hong Kong and New Zealand), but most reopened. In thin volume, price movements have been limited. The dollar is down 0.3% against sterling, 0.2% against the yen and 0.1% versus the euro and Swissie. The greenback faired better against commodity-sensitive currencies, edging up 0.2% relative […] More
