China trade balance
Equity Market Volatility Picks Up
February 8, 2018
It’s been another difficult day for equities. Today’s session started fine enough, with gains of 1.0% in India, 0.5% in South Korea where the Winter Olympics are getting under way, and 0.4% in Hong Kong. These up-moves balanced declines of 0.4% in Japan and 1.4% in China where a considerably smaller trade surplus for January […] More
Markets Calmer than Yesterday
January 13, 2017
After slumping Thursday, the dollar is unchanged today against the yen, Australian dollar, loonie and sterling. The greenback slipped a mere 0.2% against the euro, Swissie and peso since Thursday’s close and is down 0.1% vis-a-vis the yuan and kiwi. The Japanese Nikkei recovered 0.8%. Elsewhere in the Pacific Rim, equities have fallen 0.8% in […] More
Markets Accepting the Message that Fed Tapering Will Continue
February 12, 2014
Janet Yellen’s message had two parts. First, the onset of a rising federal funds rate remains far away and the economy remains vulnerable. Second, a measured pace of quantitative easing will not be halted except in the case that the economy seems to be veering sharply below expectations, that is toward recession. This message was […] More
Rare Chinese Trade Deficit
April 10, 2013
It’s been a pretty uneventful day so far. Main data development was news of a $884 million Chinese trade deficit in March that follows surpluses of $15.25 billion in February, $29.15 billion in January and $31.6 billion in December. On-year export growth slowed to 10.0% from 21.8% in February and 25.0% in January, while imports […] More
