Chinese CPI and PPI

Sterling Sinks Below $1.3000 to Monthly Low

August 9, 2016

Sovereign debt prices rose. So did stocks, oil, the yen and dollar. ¬†Gold and industrial metal prices fell. There are holidays today in Singapore and South Africa. Today is the ninth anniversary of the onset of the U.S. subprime mortgage crisis and the 42nd anniversary of the resignation of former President Nixon. The dollar dipped […] More

Dour Data but Stocks Up

May 10, 2016

The dollar rose overnight by 0.6% against the yen and kiwi, 0.3% versus the Swiss franc, 0.2% relative to the loonie and 0.1% against the euro.  The dollar is down 0.3% against the Australian dollar and 0.2% relative to sterling.  The yuan is unchanged. Share prices in the Pacific Rim advanced 2.2% in Japan, 0.8% […] More

Chinese Price Data Dampen Market Risk Aversion

April 11, 2016

Chinese share prices recovered 1.6% after a tough week. Comex gold advanced 0.7% to $1,249.87, near a three-week high. West Texas Intermediate crude oil is trading at $39.55 per barrel, just a tad south of the $40 threshold. The 10-year British gilt yield rose four basis points to 1.40%.  German bunds and Japanese JGBs are […] More

Euro Rises on ECB Announcements

March 10, 2016

The ECB Governing Council announced a more aggressive package of stimulants than analysts were expecting. All ECB central bank interest rates including the main refinancing rate were lowered. The size of monthly quantitative asset purchases was increased 33% to EUR 80 billion and will run at least through end-2017. The types of eligible assets in […] More

Expressions of Concern

February 18, 2016

St. Louis Fed President Bullard, who had previously been urging interest rate normalization, gave a speech warning that further rate hikes would be risky in light of the continuing decline of market-based indicators of expected inflation and because a buildup of unhealthy asset bubbles has become less probable. A member of the Bank of Japan’s […] More

Asian Equities Still Reeling

January 11, 2016

The Japanese market was closed Monday in observance of the Coming of Age holiday, but other stock markets in the region suffered further heavy losses, led by a 5.3% plunge in China’s Shanghai Composite index.  Stocks closed down 3.5% in Hong Kong, 1.8% in Indonesia, 1.5% in Singapore, 1.3% in Taiwan, 1.2% in South Korea […] More

Chinese CPI Inflation Fell to 5-Month Low

November 10, 2015

The dollar showed little net change overnight, firming 0.3% against the euro and 0.1% relative to the Swiss franc, falling 0.1% vis-a-vis the loonie, Aussie dollar and sterling, and staying flat versus the yen, kiwi and yuan. Share prices slumped 1.7% in Hong Kong, 1.5% in India, 1.4% in South Korea, 1.1% in Indonesia and […] More

Dollar, Yen, Equities and Gold Strengthen while Oil Declines

April 10, 2015

The dollar dipped 0.2% against the yen but otherwise shows gains of 0.7% against the euro and sterling, 0.4% relative to the Swissie and Australian dollar, 0.3% vis-a-vis the loonie and kiwi and 0.1% against the yuan. Share prices have risen 1.9% in China, 1.2% in Hong Kong, 1.4% in South Korea, 0.5% in Taiwan, […] More

Bunch of CPI and Industrial Output Data Released

February 10, 2015

The dollar was narrowly mixed overnight, with gains of 0.4% against the yen, 0.3% versus the Swissie and Australian dollar, 0.2% against the kiwi and 0.1% relative to the euro.¬† The loonie is unchanged, and the the yuan and sterling picked up 0.1% against the greenback. Share prices rose 1.8% in China as 5-year lows […] More

A Few Surprises

December 10, 2014

Chinese share prices rebounded 3.7% as CPI inflation falls to lowest level (1.4%) since November 2009.  Producer prices meanwhile posted their greatest on-year decline (2.7% after 2.2%) since May 2013, further encouraging investors to speculate about another central bank rate cut in the world’s second biggest economy. The 10-year Japanese JGB yield dipped under the […] More