COVID-19

T.G.I.F. after Another Difficult Week

July 10, 2020

The New York metropolitan area is bracing for a tropical storm front coming later today. The coronavirus’ grip on world financial markets remains relentless. In the United States, the daily total of newly reported cases surpassed 60k for a second straight day, and deaths from the disease climbed by almost 1k to a grand total […] More

Softer Dollar, Share Prices, and Sovereign Debt Yields

June 22, 2020

The upswing of global and U.S. Covid-19 infections accelerated over the weekend. Global cases moved above 9 million people, and U.S. deaths from the disease climbed above 122 thousand. The Trump rally in Oklahoma attracted fewer people than anticipated, in part reflecting fear of catching the virus. Street protests in American cities continued. The dollar […] More

Softer Dollar as Investor Risk Appetite of Improves

April 27, 2020

The dollar opened the new week on a down note, sliding 1.0% against the Australian dollar, 0.8% relative to the kiwi, 0.5% vis-a-vis the peso and sterling, 0.3% against the euro, and 0.2% versus the yen and loonie. Gold is little changed. The main financial market move today has been a 17.4% dive in West […] More

Disturbing News on Market, Economic, Medical and Social Fronts

April 20, 2020

The price of West Texas Intermediate crude oil collapsed under the weight of exhausted storage capacity and plunging demand. At its overnight low of $11.04 per barrel, the price was down 39% on the day and by more than 80% from its 52-week high. It’s also the lowest since the first quarter of 1999 during […] More

Good and Bad News this Easter Monday

April 13, 2020

Many key markets in Europe remained shut today. Canada, Australia, and Hong Kong also observed Easter Monday, while South Africa is closed for Family Day. A big oil production cut agreement was reached Sunday involving the OPEC cartel, Norway, Russia, Mexico, Canada, Brazil and the United States. Step one will be a 9.7 million barrel […] More

New Week Brings More Covid-19 Deaths and More Risk Aversion

March 30, 2020

There have now been almost three quarters of a million identified Covid-19 cases around the world, resulting in 35k deaths. About a fifth of the cases have occurred in the United States. In the past 24 hours, Spain reported 537 more deaths to the illness. A ban on U.S. social gatherings has been extended to […] More

Bracing for Impact But Investors Take a Pause

March 19, 2020

The count of identified global coronavirus infections (230,041) and deaths (9,386) has risen by 26,429 and 1,097 in the past 26 hours. Investors are getting a glimpse of just how bad the economic impact could be. The IFO Institute’s monthly index of Germany’s business climate fell 8.3 points in March to a 127-month low of […] More

Stocks and Bond Prices Tumble, and the Dollar Keeps Strengthening

March 18, 2020

Fear deepened on Wednesday. The number of covid-19 cases worldwide rose over 15,000 in the last 25 hours to 203,612, and 730 more reported deaths brings the pandemic total to 8,229. The U.S. senate continues to obstruct, even though Treasury Secretary Mnuchin reportedly made the prediction of 20-plus unemployment in the United States without passage […] More

COVID-19 Continues to Dominate World and Market News

February 25, 2020

Confirmed worldwide coronavirus infections and deaths now total 80,348 and 2707. 77,600 and 2663 of these are in China, but the disease continues to spread with Croatia and Austria reporting their initial instances, South Korea and Italy having 977 and 229 infections, and Iran’s deputy health minister becoming one of the casualties. The WHO warned […] More

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