Euroland CPI

Awaiting FOMC Pronouncements and Some Relief from Chinese Stimulus

September 17, 2014

Markets continue to react to yesterday’s news that the People’s Bank of China is creating a standing liquidity facility for the five biggest Chinese banks totaling 500 billion yuan or roughly $81 billion. In the meantime, investors await today’s FOMC statement, updated macroeconomic forecasts and Janet Yellen’s press conference.  The two first items are due […] More

End of August Brings a Ton of Released Data

August 29, 2014

The dollar is unchanged overnight against the euro, sterling and yuan.  The greenback gained 0.2% versus the yen and Australian dollar and 0.1% vis-a-vis the kiwi, while losing 0.2% to the loonie and 0.1% against the Swiss franc. The price of gold has slid 0.3% to $1,286.0 per ounce despite additional military gains by pro-Russian […] More

Awaiting FOMC Decision as First Third of 2014 Winds Down

April 30, 2014

The dollar has slipped 0.3% against the Swiss franc, 0.2% versus the euro and 0.1% relative to the yen and kiwi.  The greenback is 0.1% firmer against the loonie and unchanged versus the Australian dollar, Chinese yuan and sterling. Share prices in the Pacific Rim fell 1.4% in Hong Kong but rose 1.6% in New […] More

Lots of Data and a Better Tone in Equities

April 16, 2014

Japan’s Nikkei catapulted 3.0% higher, and stocks so far in Europe are up by 2.0% in Italy, 1.1% in Spain, 0.9% in France, 0.8% in Germany, 0.5% in Switzerland and 0.3% in Britain.  In other selected markets around the Pacific Rim, stocks gained 0.6% in Australia, 0.3% in New Zealand, 0.2% in Singapore and 0.1% […] More

Soaking in Yellen Testimony and Awaiting U.S. Industrial Production

November 15, 2013

The dollar shows no overnight net change against the yuan, loonie and sterling.  The greenback is up 0.2% versus the Swiss franc and 0.1% relative to the euro but has fallen by 0.2% against the Australian and New Zealand dollars. Janet Yellen’s confirmation hearing yesterday affirmed the likelihood of the existing pro-growth policy continuing.  The […] More

Friday Profit-Taking

March 15, 2013

The dollar and stocks are lower this Ides of March. The dollar fell 0.5% against the yen, euro and Swiss franc but is unchanged versus the yen and yuan.  The greenback dipped 0.1% against the loonie and kiwi and firmed 0.1% relative to the Australian dollar. Whereas Japan’s sizzling Nikkei rally was extended by 1.5%, […] More

Monthend Delivers Plenty of New Information

November 30, 2012

The yen fell to seven-month lows of 107.7 per euro and 82.76 per dollar. The tone of fiscal cliff talks between the White House and Congressional leaders has turned more embittered and gloomy. The German parliament approved the latest aid plan for Greece. Japanese industrial production unexpectedly advanced 1.8% in October, but other released Japanese […] More

Pacific Rim Share Prices Clobbered on Escalating Greek Crisis

May 16, 2012

Equities fell 3.2% in Hong Kong, 3.1% in South Korea, 2.4% in Australia, 2.2% in Taiwan, 1.8% in India, 1.6% in Singapore, Indonesia and China, and 1.1% in Japan.   The British Ftse and German Dax have lost 0.7% and 0.6%, but the Paris Cac is 0.7% firmer. Sterling reacted poorly to the Bank of England […] More

A More Constructive Tone for the Euro

October 14, 2011

Despite the lack of a big breakthrough in resolving the euro area’s debt crisis and a one-notch Spanish credit rating downgrade by S&P, this week’s more hopeful mood among investors has been maintained.  Regional finance ministers meet today as a precursor to a meeting in Paris on the weekend of G20 finance ministers.  The dollar […] More

End of February Data Releases

February 28, 2011

Monday’s tend to have fewer data releases than other days of the week but not when they coincide with the end of the month. Oil prices are steady and below $100 at $97.89 per barrel amid confidence that Gaddafi will be squeezed out of power. The dollar has lost 0.6% against the euro and 0.7% […] More