euro area CPI

Mixed Dollar

November 16, 2018

The exit of British officials protesting the Brexit deal terms did not snowball, and Prime Minister May remains in power for now. Sterling rebounded 0.3% against the dollar and euro. The Ftse has lost 0.3%, and the 10-year British gilt yield climbed four basis points. The dollar also fell 0.3% against the yen and 0.1% […] More

Quarter-End Rush of Data, Italian Fiscal Concerns, and U.S. Supreme Court Drama

September 28, 2018

The new populist government of Five Star in Italy passed a stimulative budget, with a deficit equal to 2.4% of GDP and well above what Italy’s Euroland colleagues wanted to see. In response, the country’s 10-year sovereign debt yield leaped 33 basis points to 3.22%, while the comparable Greek sovereign debt yield went up 16 […] 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

Watching Several Situations

May 16, 2018

A weaker-than-expected Japanese GDP report saw negative growth on both a nominal and real basis last quarter. There was additional evidence of less inflation than assumed in Europe, and Australian wage costs data show benign containment. Treasury-compiled capital movements revealed another big U.S. inflow in March. It’s been a busy day for central bank news, […] More

Ton of Released Data but Tepid Market Reaction

September 29, 2017

Strong dollar gains this week were in most cases not extended on the final business day of September and the quarter. The dollar is down 0.2% against the euro and 0.1% relative to the yuan and Swiss franc. The loonie and peso are unchanged. The dollar rose 0.2% against the New Zealand and Australian dollars, […] More

Significant Monetary Policy Changes in Japan and Russia

October 31, 2014

Quantitative and qualitative monetary stimulus was expanded sharply in Japan by a 5-4 vote, with the central bank governor and two deputy governors siding with the majority.  The impact of the decision to boost annual JGB buying from 50 trillion yen to 80 trillion yen, triple holdings of ETFs and J-REITS, and lengthen the average […] More

Geopolitical Risk Weighs on Share Prices

July 17, 2014

The U.S. and Europe imposed further economic sanctions against Russia in protest of its meddling into Ukraine affairs.  Russia led European stocks and U.S. futures lower.  Fighting between Israel and Hamas and the ISIS insurgency in Iraq are causing additional geopolitical worry.  Investors remain confused about Fed forward guidance. Share prices are down 1.0% in […] More

Steady Dollar as Ezone CPI Report Reinforces Need for ECB Easing

June 3, 2014

The dollar is unchanged against the yen, kiwi and sterling, up by 0.2% versus the loonie and 0.1% relative to the yuan, and down 0.1% overnight relative to the euro, Swiss franc and Australian dollar. Share prices climbed 0.7% in Japan and India, 0.9% in Hong Kong, 0.6% in Indonesia, 0.5% in Taiwan, and 0.3% […] More

Last Day of the First Quarter

March 31, 2014

The dollar advanced 0.4% against the yen and 0.2% against the Australian and New Zealand dollars, but it is 0.3% softer versus the euro and Swiss franc and off 0.1% relative to sterling.  The loonie and yuan are steady.  The boost to risk aversion from the Ukraine situation seems to be fading, but rising tensions […] More

Opening Act on Last Week of February

February 24, 2014

It’s been a comparatively uneventful Monday session for the dollar, which shows no net change against the euro, yuan or sterling, a 0.1% uptick against the Swiss franc, but 0.2% declines relative to the yen and Canadian, Australian and New Zealand dollars. Share prices slumped 2.2% in China, but less action was seen in other […] More

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