Chinese retail sales and industrial output

Japanese GDP Contracted in 3Q, while Eurozone Growth Slowed in Half

November 14, 2018

Data released this Wednesday confirmed a widening gap between economic growth in the United States on the one hand (3.5% at a seasonally adjusted annualized rate SAAR last quarter) and Japan and Euroland on the other. Japanese real GDP contracted 0.3%, or 1.2% SAAR in 3Q. Personal consumption (-0.5% SAAR), public sector expenditures (-0.9%), and […] More

Investors Remain on Edge

October 19, 2018

China reported the lowest on-year GDP growth (6.5% in 3Q) since the first quarter of 2009. Damning evidence continues to mount that the highest levels of the Saudi government were complicit in the likely death of dissident journalist Khashoggi. U.S. Treasury Secretary Mnuchin upcoming trip to Saudi Arabia was cancelled. Two Fed officials, Governor Quarles […] More

Risk-Off Mood in Financial Marketplace

June 14, 2018

Investors are reacting Thursday to An increasing likelihood of four Fed rate hikes this year and three more in 2019 following yesterday’s federal funds rate increase and hawkish press conference. News today from the European Central Bank that monthly asset buying will be sliced in half to EUR 15 billion from October and eliminated altogether […] More

Some Fresh Developments

September 14, 2017

The Bank of England’s Monetary Policy Committee did not change interest rates or asset purchase parameters but signaled a growing probability of a rate increase within a couple of months. In response, sterling rose 0.8% against the dollar, the 10-year British gilt yield climbed three basis points to 1.17%, and the Ftse stock index declined […] More

Dollar Firmer Especially against Sterling

March 14, 2017

The British parliament granted Prime Minister permission to activate Article 50 of the Lisbon Treaty later this month. Doing so will begin a two-year countdown to negotiate terms and complete the process of leaving the European Union. The dollar advanced 0.8% against the pound in response. The dollar has also risen 0.2% against the euro, […] More

Rotation in Investment Strategies Extended

November 14, 2016

The dollar continued to climb, gaining overnight by 1.0% against the yen, 0.9% versus the Swiss franc, 0.8% relative to the euro, 0.7% vis-a-vis sterling, 0.5% against the kiwi, 0.3% versus the Mexican peso and 0.1% against the loonie. Since the close on November 8, the day of the U.S. election, the dollar has advanced […] More

Two Geopolitical Risks and Little Else

June 13, 2016

Brexit fear is running high after Friday’s poll pointing to a likelier vote for Britain to leave the EU. Sterling fell 0.6% against the dollar.  10-year British gilts are three basis points lower.  The Ftse dropped 0.7%. The deadliest mass shooting in U.S. history at a gay nightclub in Orlando plays into Republican candidate Trump’s […] More

Tuesday Marked by U.S.-Sino Data Releases and a Restrictive Australian Budget

May 13, 2014

China released retail sales, industrial production and business investment.   Japanese money growth slowed to a 12-month low. U.S. retail sales, import prices, small business sentiment, business inventories, and weekly chain store sales will be reported later in the day. It’s budget day in Australia, and markets are braced for a big dose of austerity there […] More

css.php