Chinese property prices
Down Goes the British Pound
November 15, 2018
With British Prime Minister Theresa May facing a vote of no confidence and several of her cabinet ministers resigning in protest against her Brexit deal, sterling slumped 1.5% overnight against both the dollar and euro. Weak British retail sales data were also released today, showing an unexpected 0.5% on-month drop in total sales (+2.2% on […] More
Many Asian Stock Markets Fall at Least 1.0%
September 17, 2018
While Japan was closed for Respect for the Aged Day, share prices elsewhere in Asia dropped 2.1% in China to a 4-year low, 1.8% in Indonesia, 1.6% in Hong Kong, 1.3% in India, 0.7% in South Korea and 0.6% in Singapore. Investors continue to worry about a trade war involving the United States. Stocks softened much […] More
Dollar Mixed, Gold Down, and Stocks Remain Well Bid
September 18, 2017
The dollar advanced by 0.4% against the yen and sterling, 0.3% versus the yuan, and 0.1% relative to the loonie and peso but slipped 0.2% vis-a-vis the kiwi and 0.1% against the euro and Swiss franc. The Aussie currency is steady. Gold dropped 0.5%, exceeding its two-week low, and WTI crude oil fell 0.2%. Japanese […] More
Better Session for the Dollar
January 18, 2017
Following sharp losses on Tuesday, the dollar prior to the release of U.S. CPI figures shows a recovery of 0.9% against sterling, 0.8% relative to the peso, 0.5% vis-a-vis the loonie and yen, and 0.2% versus the euro, Aussie dollar and kiwi. The yuan and Swiss franc remained steady. Share prices in the Pacific Rim increased […] More
Equities Still on the Ropes as U.S. Observes MLK Day
January 18, 2016
U.S. markets will be closed in observance of Martin Luther King Jr.’s 87th birthday. Share prices in the Pacific Rim fell 1.4% in Singapore, 1.1% in Japan, New Zealand and India, 1.0% in Hong Kong and 0.7% in Australia. The stock markets in Greece, Italy and Spain show losses thus far today of 5.8%, 1.6% […] More
Greek Banks Reopen, Share Prices Higher in Europe, and Gold Lower
July 20, 2015
The U.S. dollar fell 0.8% against the kiwi overnight but shows small gains of 0.3% relative to sterling, 0.2% vis-a-vis the Swiss franc and 0.1% against the yen, loonie and Aussie dollar. The euro and yuan are steady. Equities have risen 1.5% in Italy, 1.0% in Spain and Germany, 0.9% in France, 0.6% in Greece […] More
Week Starts with More Sobering News about the Chinese Property Market
May 19, 2014
Chinese property prices rose 6.7% on year in April, down a whole percentage point from March and the smallest 12-month gain since May 2013. Only 44 of 70 metro areas experienced higher prices in April than March, the fewest 3-1/2 years. Overall house prices increased 0.3% on month. The dollar edged up 0.1% against the […] More
