Chinese industrial production and retail sales
A Time for Waiting
November 15, 2021
Meaningful data were reported Monday in Japan and China, but investors chose to maintain an advent posture pending other pieces of information that could emerge in the next 24-hour period. These include a virtual summit between Presidents Joe Biden of the U.S. and Xi Jinping of China that is intended to quell mounting tension between […] More
Meaningful Data Released Today in China, U.S., U.K., Japan and Euroland
September 15, 2021
The dollar fell overnight by 0.2% against the DXY weighted index and sterling, 0.4% versus the Japanese yen, and 0.1% relative to the euro and Swiss franc. Ten-year sovereign debt yields rose two basis points each in the United States, Germany and Great Britain but slipped a basis point in Japan. Equity markets mostly dropped […] More
Stressful Day that Includes the Biden-Putin Talks in Geneva, an FOMC Policy Meeting in Washington, and an Assortment of Meaningful Data Releases
June 16, 2021
The Biden-Putin summit is underway and expected to last around five hours. The U.S. political leaders will then hold separate individual press conferences rather than a joint event. The Federal Open Market Committee is not expected to change monetary policy settings but could for the first time indicate that it’s not too early to begin […] More
Renewed Downward Pressure on Equities and the Dollar
May 17, 2021
Equities this Monday fell 3.0% in Taiwan, 1.8% in Indonesia, 0.9% in Japan, and 06% in South Korea. Losses so far range from 0.3% to 0.7% in the U.K., Germany, France and Spain, and U.S. futures point to a drop at the open of about 0.3%. Ten-year sovereign debt yields have climbed six basis points […] More
Covid-19 Is in Control Rather than Being Under Control
July 16, 2020
The best laid plans of mice and men…. Governments want to reopen economic activity, but a rising curve of new coronavirus cases both around the world and in the United States is setting other imperatives. Over the past 24 hours, there were 230.3k cases world wide, including a record 71.7k in the United States, where […] More
Monetary Efforts to Counter Covid-19 Economic Damage All in Vain
March 16, 2020
The contagion news over the weekend was very bad. Italy suffered a bigger daily jump in deaths than even China had, and all evidence suggests that governments that did not test extensively for the virus at the first sign of trouble have brought upon their countries larger humanitarian disasters. The United States seemingly falls into […] More
Late 2019 Equity Rally Extended
December 16, 2019
Last week’s apparent Phase I trade agreement between the United States and China continued to fuel a rally in global stocks this Monday. Share prices are up 2.6% in the U.K., 1.4% in France, and 1.0% in Germany, and markets close up 1.6% in Australia and 0.6% in China. The Hong Kong and Japan markets […] More
Important Japanese, Euro Area, and Chinese Data Released
November 14, 2019
Japanese real GDP expanded at a lower-than-forecast 0.2% last quarter at a seasonally adjusted annualized rate. It was the weakest quarterly growth rate in a year. Net exports and inventories combined to exert a 1.8 percentage point drag on GDP growth. The GDP price deflator rose 0.6% between the third quarters of 2018 and 2019. […] More
