equities

October in Review

November 2, 2014

Most long-term interest rates declined in October.  Little change in three-month interest rates masked a widening polarization of monetary policies, as the Fed ended quantitative easing, the Bank of Japan augmented quantitative stimulus, and ECB officials remained publicly divided over whether to stimulate further and how to do so.  The dollar strengthened most sharply against […] More

September and 3Q in Figures

September 30, 2014

The dollar rose broadly and commodities fell in both September and the third quarter.  Ten-year sovereign debt yields rose in September but fell in the summer quarter.  Three-month euro deposit rates fell sharply in July-August but little further in September.  Other short-term interest rates held generally steady in the quarter. 10-Yr Yield 09/30/14 Chg from […] More

January in Figures

January 31, 2014

Risk aversion reared its head again in January.  Stocks fell.  Bond prices rose, sending long-term yields downward.  Commodity-sensitive and major European currencies declined, while the yen went up against the the euro as well as the dollar.  Gold, in contrast to its 28.2% plunge in 2012, rose 3.2% in the first month of 2014. 10-Yr […] More

May Ending in a Risk Averse Mood

May 31, 2013

Commodity-sensitive currencies had a difficult session.  The New Zealand dollar dipped below $0.8000 for the first time since September 6, 2012.  It fell as low as USD 0.7973 and is 1.0% weaker on balance.  The Australian and Canadian dollars have slipped 0.8% and 0.5% against the greenback, which also has appreciated by 0.4% against the […] More

Weak Market Tone to End Decent Week

April 12, 2013

Share prices in Europe and Asia had a difficult session.  Japan’s ten-year JGB yield climbed five basis points and is over 15 basis points above recent low.  The dollar is up 0.7% against the euro but down 0.6% against the yen in a reversal of recent movements. Euroland industrial production data were disappointing.  Investors now […] More

March and 1Q13 in Figures

March 30, 2013

Short-term interest rates remained ultra-low in the first quarter of 2013.  The Federal Reserve retained an aggressive program of quantitative easing, while the Bank of Japan prepared to undertake an even more forceful monetary stimulus under new leadership.  A number of key equity markets performed very well, especially Japan’s where the Nikkei-225 index jumped almost […] More

Less Risk Aversion

March 5, 2013

Most stock markets are higher, some strongly so like China (3.0%), Germany (2.1%), Italy (2.3%), France (1.9%), and Spain (1.8%).  Equities in Australia and Britain have risen 1.3%.  Stocks in India advanced 1.4%, and the DJIA is up 1.1% and trading above its record close of 14,165 hit in October 2007.  The Nikkei is up […] More

December, 4Q12, and 2012 in Figures

January 2, 2013

Fiscal cliff worries depressed the dollar but did not prevent a rise of equities in December.  Stocks also posted gain in 2012 as a whole.  For the year, interest rates fell both in short and long maturities, particularly in Germany.  The dollar rose nearly 13% in 2012 but lost ground otherwise.  Gold climbed  7% from […] More

November in Figures

November 30, 2012

Ten-year yields fell in November, whereas short-term rates were steady.  The dollar hardly changed on balance except in the case of the yen, which appreciated 3.3%.  U.S. equities under-performed other stock markets.  Japan’s Nikkei advanced 5.8%.  West Texas Intermediate crude oil prices climbed 3.1%, while gold closed the month 0.4% lower on balance. 10-Yr Yield […] More

Continuing Slide in Share Prices

November 16, 2012

Equities in Europe show further losses so far today of 1.4% in Italy, 0.6% in Germany, Britain and Spain, and 0.3% in France.  Share prices also fell 0.9% in India, 0.8% in China, 0.5% in South Korea and 0.3% in Australia.  Contrary to the trend in most other bourses, Japan’s Nikkei-225 index jumped 2.2%.  Japanese […] More

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