Euroland money growth
Awaiting Jay Powell’s Speech
November 28, 2018
Fed Chairman Powell delivers a speech before the economic club of NY later today. Such is attracting even more interest than might be expected because President Trump has just escalated his criticism of Powell, calling him a bigger problem than China. In other news today, U.S. GDP growth last quarter was confirmed at 3.5%, the […] More
All Eyes on the Senate Judiciary Committee
September 27, 2018
The testimonies of Kavanaugh and Blassey Ford start at 10:00 EDT (14:00 GMT). This has been a busy day already from a central banking and data release standpoint. The dollar overnight firmed by 0.7% against the Swiss franc, 0.6% relative to the Aussie dollar, 0.5% vis-a-vis the euro and loonie, 0.3% against the kiwi, 0.2% […] More
Global Financial Markets Hit by Threat to EU from Italian and Spanish Political Crises
May 29, 2018
Ten-year sovereign debt yields shot up 45 and 41 basis points overnight in Greece and Italy, while also rising 12 bps in Portugal and 8 bps in Spain. Share prices in Europe have plunged 3.2% in Italy, 2.7% in Spain, 1.8% in Greece, 1.5% in France, 1.4% in Germany and the U.K. and 1.3% in […] More
Little Market Leadership Due to Holiday Closures
May 29, 2017
Markets are closed Monday in the United States for Memorial Day, Great Britain for a late spring bank holiday, and both China and Taiwan for the Dragon Boat Festival. The dollar is down 0.3% against the peso, 0.2% versus sterling and 0.1% relative to the loonie, euro, Swiss franc and kiwi. The dollar has edged […] More
A Week to Remember
January 27, 2017
It’s been a memorable first week of the Trump presidency. He will be meeting today with British Prime Minister Theresa May, who hopes to make giant strides in securing a bilateral trade accord between the two countries. Mexican President Nieto cancelled his trip to Washington amid mounting tensions over immigration, trade, and who pays for […] More
Markets Back to Feeling Uneasy about the Future
November 28, 2016
U.S. stocks opened lower. In Europe, share prices started the cusp week between November and December on the back foot, falling so far by 2.8% in Greece, 0.8% in Italy, 0.7% in Germany, 0.4% in the U.K., 0.5% in France, and 02% in Switzerland and Spain. Equities also fell 0.8% in Australia, 0.2% in Indonesia […] More
