Chinese CPI and PPI

Markets Pausing for Next Big Theme

September 9, 2020

Equities recorded further considerable losses in Pacific Rim trading overnight but have stabilized in Europe. Share prices closed down 1.9% in China, 2.2% in Australia, 1.3% in Indonesia, 1.1% in South Korea and 1.4% in New Zealand. But the Swiss and German markets have rebounded 0.6%, and those in the U.K. and France are up […] More

Week Starts Slowly for the Dollar

August 10, 2020

Net dollar changes since the pre-weekend close have been insignificant against other major currencies. Markets are closed today for holiday in Japan and Singapore. Share prices are mostly firmer. So too are the prices of WTI oil (1.5%) and gold (0.7%). But ten-year sovereign debt yields are down two basis points in Germany and the […] More

Markets Unsure of Implications of Reopening Economies

May 12, 2020

Markets seems to have entered an indecisive phase as politicians weigh pros and cons of reopening business activities. The dollar lost modest ground overnight, falling 0.2% against the yuan, yen, euro and sterling and by 0.1% relative to the Swiss franc. The dollar fell more significantly against the kiwi (0.6%) and Australian dollar (0.4%) but […] More

Comparatively Steady Dollar to Start Week

February 10, 2020

The dollar is unchanged from Friday closing levels against the yen, Swiss franc, loonie, and kiwi, and it has edged a mere 0.1% lower relative to the euro, Aussie dollar and peso. Bigger drops can be seen of 0.3% versus the yuan and 0.4% relative to sterling. Share prices fell 0.5-0.8% in a number of […] More

Many Data Releases… Stock Prices Up

January 9, 2020

A mixed dollar overnight leaves the U.S. currency unchanged against the euro, up 0.5% versus the kiwi, 0.4% relative to sterling, 0.3% vis-a-vis the yen, 0.2% against the loonie and 0.1% versus the Aussie dollar but down 0.2% against the yuan and peso and 0.1% softer versus the Swiss franc. Share prices advanced 2.3% in […] More

Confusion on Many Fronts

October 15, 2019

Details of the Phase I trade deal that U.S. President Trump proclaimed last week remain vague, and it’s unclear even if the Chinese and U.S. negotiators reached any kind of common ground to commit to writing. The pendulum of investor expectations about where trade talks are heading continues to swing wildly by the day and […] More

Safe Haven Assets in Lessening Demand

September 10, 2019

Some of the recent uncertainties for investors seem somewhat less anxiety-provoking. British Prime Minister Boris Johnson seems to now be intent on working out a Brexit deal with the EU instead of a no-deal exit. Reports have surfaced that the Merkel government in Germany is considering a relaxation of its rigid insistence on balancing the […] More

Sterling Weakens on Data

August 9, 2019

The dollar edged down 0.2% against the yen and kiwi, 0.3% versus the peso, and 0.1% relative to the euro, Swiss franc and Canadian dollar on this 45th anniversary of the resignation of former President Nixon. But today’s weakest major currency has been sterling, down 0.6% against the dollar in response to¬† news that British […] More

Investors in Cautious Mood

June 12, 2019

Trade war concerns continue to weigh on financial markets. Share prices fell 1.4% in Hong Kong where street riots escalated in protest of an extradition law. Equities also dropped 0.6% in China, 0.5% in India and Indonesia and 0.4% in Japan. European stock markets so far have lost 0.8% in Italy, 0.7% in the U.K. […] More

Stronger Dollar, Flat U.S. Share Prices and Lower Commodity Prices

April 11, 2019

Compared to Wednesday’s closing, the dollar has strengthened 0.6% against the Aussie dollar, 0.5% versus the kiwi, 0.4% relative to the yen and loonie, 0.2% vis-a-vis sterling and 0.1% against the euro and yuan. Share prices overnight fell in China, Hong Kong and Australia¬† but rose in Europe. The DOW initially rose but now shows […] More

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