Euroland PPI

North Korea Observes America’s Birthday with a Successful ICBM Test

July 4, 2017

Today is the 241st anniversary of the signing of the U.S. Declaration of Independence. We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these […] More

Investors Confident Today’s U.S. Jobs Report Will Be Solid

June 2, 2017

There’s also been an out-sized 3.1% drop in the price of West Texas Intermediate crude oil to $46.86 per barrel. Metal prices including gold are down as well. The dollar and stocks¬†continue to shrug off Trumpian meshugas. The dollar is unchanged against the euro, Swiss franc and loonie and 0.2% higher versus the yuan, breaking […] More

Softer Dollar and Yen

April 20, 2017

The dollar has rebounded 0.5% against the yen but has traded down 0.5% against the Australian dollar, 0.3% relative to the euro, peso and sterling, and 0.2% vis-a-vis the Swiss franc and kiwi. U.S. share prices opened a bit firmer. Japan’s Nikkei and the Shanghai composite index closed unchanged on Thursday. Stocks climbed 1.0% in […] More

Financial Markets Don’t Like Strongmen Rulers

November 4, 2016

The Turkish lira fell over 1.0% in response to the arrest of Kurdish lawmakers who oppose the authoritarian Prime Minister Erdogan. Global stocks are down as U.S. opinion polls show that the possibility of Donald Trump winning the presidency has to be taken seriously. Share prices in the Pacific Rim fell 1.8% in South Korea, […] More

Sterling at Post-Brexit Low but Share Prices Climb

October 4, 2016

Britain’s plans to leave the EU has returned to center stage. Prime Minister Theresa May will address the Tory annual conference tomorrow, but she has already indicated a predisposition for no sugar-coating of the coming change in Britain’s relationship with the European Union. Access to the single market will be constrained, and the all-important financial […] More

Most Equities Have Firmer Tone

April 4, 2016

Friday’s post-jobs report rise in stocks has carried into Monday’s session.  U.S. futures are indicated higher.  Stocks rose 0.5% in India, 0.6% in Singapore and New Zealand and 0.3% in South Korea.  Japan’s Nikkei slipped 0.3%, and Taiwan, China, and Hong Kong were closed, observing the Ching Ming Festival.  In Europe, share prices have risen […] More

Concern Reintensifies about Greek Debt

May 5, 2015

Greek share prices fell 3.5%, and the Greek 10-year sovereign debt yield jumped 22 basis points. New quarterly GDP forecasts released by the European Commission revised projected Greek growth in 2015 to 0.5% from 2.5% previously but bumped up the eurozone projected growth rate to 1.5% from 1.3%.¬† Growth is expected to reach 3.6% in […] More

Week Starts on a More Stable Footing

August 4, 2014

The dollar is unchanged against the euro, Swiss franc, Australian dollar, yuan and sterling.  The dollar is also 0.1% firmer against the yen, loonie and kiwi. The 10-year German bund yield rose a basis point, while its Japanese and British counterparts are a basis point lower.  A bailout of Portugal’s Banco Espinto Santo has been […] More

Focus on U.S. Labor Market and Thursday’s ECB Policy Meeting

April 2, 2014

The dollar is mostly marking time, with downticks of 0.1% against the Australian dollar, Canadian dollar and sterling, no change versus the yen, euro and kiwi and a 0.1% uptick relative to the Swiss franc. Ten-year sovereign debt yields are up three basis points in Britain and a single basis point in Germany and Japan. […] More

No U.S. Jobs Report on this First Friday of the Month

October 4, 2013

Like each first Friday of the month, today’s market action was to have be dictated by the Labor Department jobs report, whose release instead has been indefinitely postponed due to the partial U.S. government shutdown. No breakthroughs have been reported in the budget talks. The Bank of Japan left its policy stance unchanged as expected.  […] More

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