Chinese share prices
Euro Touches but Doesn’t Penetrate $1.1400
October 12, 2015
Market activity this Monday will be blunted by holiday closures in the United States (Columbus Day), Spain (Hispanic Day), Japan (Health Sports Day) and Canada (Thanksgiving). Only minor data were released today. The IMF/World Bank meeting in Lima, Peru wound up with Director Lagarde warning of the dangers of premature tightening of monetary policy, and […] More
Not the Result Markets Had Been Assuming
July 8, 2015
In this age of uncertainty, the baseline scenarios adopted by investment houses on key assumptions invariably assume growth-promoting outcomes. Marketing considerations are the driver behind this forecasting bias. Optimism sells, while pessimism does not. Also, modeling foreign exchange and other financial market trends is far more manageable with happy endings where unanticipated shocks occur from […] More
Concern over Chinese Growth and U.S. Fiscal Cliff Threat
November 28, 2012
Mounting risk aversion has sent the euro lower and the yen higher. Commodities, stocks, and sovereign debt yields are lower. The Shanghai Composite index fell another 0.9% and further below the key 2000 level to 1974. The 10-year Japanese JGB yield dipped a basis point to a 9-year low of 0.72%. At $1.2900 per euro, […] More
