Euroland industrial production
Marginally Softer Dollar
October 14, 2020
The U.S. dollar edged down overnight by 0.3% against sterling, 0.2% relative to the Australian and New Zealand dollars, and 0.1% versus the yuan, Swiss franc and yen, while holding steady vis-a-vis the euro and loonie. The dollar price of gold firmed 0.5%. Stock markets in the Pacific Rim rose 0.9% in Indonesia, 0.7% in […] More
Stocks Mixed,Dollar and Oil Price Down at Start of September’s Third Week
September 14, 2020
Equities advanced in the Pacific Rim, slid marginally in Europe, and appear poised to open higher in the United States. The dollar fell overnight by 0.7% against sterling, 0.5% versus the kiwi, 0.3% relative to the peso, euro, and Swiss franc, 0.2% vis-a-vis the yuan and 0.1% against the yen and loonie. The price of […] More
Dollar and Share Prices Mixed
August 12, 2020
The dollar rose overnight by 0.6% against the kiwi, 0.4% versus the Japanese yen and 0.2% relative to sterling and the Australian dollar but also fell 0.3% against the euro, 0.4% versus the Swiss franc and 0.1% vis-a-vis the loonie. Share prices dropped 1.2% in New Zealand, 0.9% in Taiwan and 0.6% in China, advanced […] More
Continuing Interplay of Covid and Economic Data
July 14, 2020
Covid-19 infestations in Texas, Florida, and California cast a big cloud on U.S. economic recovery prospects. The global Covid case and death counts climbed 204k and 4.1k in the past 24 hours. The dollar rose overnight by 0.3% versus the Chinese yuan, 0.2% against sterling and the kiwi, and by 0.1% relative to the yen […] More
Less Risk Aversion than Yesterday
June 12, 2020
Friday has seen another wide reversal in share price direction. The stock markets in France, Spain, Italy, Germany and Britain so far show daily advances of 2.0%, 1.6%, 1.5%, 1.4% and 1.3%. The shift following Thursday’s big declines occurred after overnight trading in the Pacific Rim where equities fell by 2.2% in New Zealand, 1.9% […] More
Politicians Between a Rock and a Hard Place, and Investors Lack Confidence that the Right Choices Will Be Made
May 13, 2020
Investors are concerned about the grim warnings from medical experts yesterday about the dangers of reopening business prematurely and without a plan for dealing with localized flare-ups of the pandemic. Hong Kong reported a new case after weeks without one. At the same time, frightening data continue to be reported, and worries are mounting that […] More
Dollar Extends Rise Amid Pandemic-Related Uncertainty
April 16, 2020
Overnight dollar gains prior to today’s report on U.S. new jobless insurance claims range from 1.0% versus the peso, 0.5% against sterling, 0.4% relative to the Australian dollar, 0.3% versus the euro and kiwi, 0.2% against the Swiss franc, and 0.1% relative to the yen, yuan, and loonie. In futures trading, the 10-year U.S. Treasury […] More
Worst Day Yet
March 12, 2020
Ironically on the one-month anniversary of the DJIA record high close, financial markets have experienced a calamitous session, and the catalyst for intensifying chaos was President Trump’s prime-time speech last night on the coronavirus pandemic. The tally of global cases stands now at 129,296 with 4,749 dead so far. Equity markets fell today by 11.7% […] More
Equity Markets Rise and Dollar Narrowly Mixed
February 12, 2020
Fed Chairman Powell will reprise yesterday’s upbeat Humphrey Hawkins testimony today before the Senate Banking Committee. He characterized the U.S. economy as “in a very good place” and said policy would react to the coronavirus impact only if such proves “persistent and material.” Recent remarks by other Fed officials such as Harker, Daly, and Bullard […] More
Share Prices Slip
January 15, 2020
If all goes as planned, the Phase One trade deal between China and the United States will be signed today, but significant tariffs remain. The quarterly meeting of branch managers at the Bank of Japan downgraded economic conditions in three of the nine main regions but found none to be experiencing contracting growth and remained […] More
