Euroland CPI

Trump Has Covid and Goes Into Quarantine.. Markets Gripped by Uncertainty

October 2, 2020

Late last evening, President Trump himself broke the news that his wife and he tested positive for the lethal coronavirus. This news comes on a day when some key markets are shut for holiday like China, Hong Kong, Taiwan, and India) and when the last U.S. monthly labor statistics prior to November’s election are to […] More

Equities Fall Even as Central Banks Commit to Maintaining Low Interest Rates

September 17, 2020

Share prices in Asia closed down 1.6% in Hong Kong, 1.2% in South Korea, 0.8% in Taiwan and India, 0.7% in Japan and 0.4% in China and Indonesia. Equities in Europe so far today have dropped 1.2% in Italy, 0.9% in France, 0.8% in Germany and Spain, and 0.5% in the U.K.. The dollar recovered […] More

Dollar Slides Close to Five-Week Low

July 17, 2020

Throughout the Covid-19 pandemic, the dollar has usually thrived on any worrisome developments in the outbreak but not lately. The trade-weighted dollar appears headed for its fourth consecutive weekly loss despite record daily increases over the past 24 hours in global new cases (253k) and new U.S. reported cases of 77k. In that span, 5,839 […] More

Some Setbacks, Many Data Reports, and Powell to Testify

June 30, 2020

After a big gain on Monday, U.S. equity futures point to a lower Tuesday open. In Europe so far, share prices have settled back 0.7% in the U.K. and Spain, 0.4% in Italy, 0.3% in Switzerland and 0.1% in France. In the Pacific Rim, markets closed up 1.4% in Australia, 1.9% in New Zealand, 1.3% […] More

Another Downturn in Stock Prices

March 31, 2020

Asian equities had a decent session with gains of 3.6% in India, 2.7% in Singapore, 2.2% in South Korea and 1.9% in Hong Kong, but Japan’s Nikkei closed down 0.9%. Conditions worsened in Europe, with equity market drops so far of 1.4% in France, 0.9% in Germany and 0.4% in France, and U.S. futures also […] More

Dollar Continuing to Flourish Amid Coronavirus Concerns

February 21, 2020

The dollar climbed overnight by 0.8% against the peso, 0.3% relative to the Australian and New Zealand dollars and 0.1% versus the Chinese Renminbi. There have been dips of 0.3% against sterling, 0.2% versus the Swiss franc and 0.1% relative to the yen and euro. Dollar strength can be seen against a broad spectrum of […] More

Greater Pessimism Surrounding Brexit, U.S.-China, and Global Growth

October 16, 2019

Investor confidence regarding the main geopolitical risks of Brexit and U.S.-Sino trade continue to flip-flop seemingly on a daily basis, often without any concrete new actions. Still no deal on Brexit has been announced with the main sticking point being the handling of Northern Ireland’s border with Ireland, and time is getting exceedingly short. Trade […] More

Geopolitical Strains, Weak Data, and a Poor Bond Auction as New Quarter Kicks Off

October 1, 2019

As China observes National Day, increasingly violent protests in Hong Kong evoked a Kent State moment as one protester has been shot there. Half a world away, President Trump’s team stepped up its manhunt for the impeachment whistle blower. Britain, too, is convulsed by its own constitutional crisis, ans the Conservative Party prepares for its […] More

Fed Expected to Announce Interest Rate Cut Today But Forward Guidance Uncertain

September 18, 2019

Investors will be focused not on what actions the Fed implements today but rather on what is said about future monetary policy where FOMC voting members appear divided. Macroeconomic forecasts will be updated, and Chairman Powell will hold a press conference afterward. The dollar has been decently bid today, with gains overnight amounting to 0.4% […] More

Lots of Data Out but Dollar Marking Time Ahead of FOMC Announcement

July 31, 2019

The dollar is unchanged against the euro, Swiss franc, yen, loonie and yuan, 0.2% softer relative to the peso and Australian dollar, 0.1% lower versus sterling and 0.2% higher against the kiwi. Analysts expect a 25-basis point federal funds cut to be announced at 18:00 GMT, and Chairman Powell will begin his press conference at […] More

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