Euroland PPI

Financial Markets Dominated by U.S.-Iran Concerns

January 6, 2020

Commodity price rises were extended Monday. WTI oil climbed 1.1%, while Comex gold is only $25 south of the $1,600 per ounce level. Share prices fell 1.9% in Japan and India, 1.3% in Taiwan, 1.0% in South Korea, and 0.8% in Hong Kong. In European trading, stocks are down 1.4% in Germany, 1.0% in Italy […] More

Fading Hopes of a U.S.-Sino Trade Deal Hammers Share Prices

December 3, 2019

Evidence keeps mounting that a near-term trade deal is slipping away. President Trump denied any deadline and hinted that a phase I agreement will not happen before next year. Angry about the U.S. congress’s resolution of support for Hong Kong protesters and perceived U.S. interference in Chinese domestic affairs on the mainland, Beijing officials reportedly […] More

Higher Bond Yields

November 5, 2019

Ten-year sovereign debt yields advanced by another five basis points overnight in Japan and the United States, by 3 bps in Germany and 1 basis point in Great Britain. The dollar fell 0.4% against the Chinese currency, edging back marginally under 7.0 yuan per dollar. Elsewhere, the dollar advanced 0.4% against the Swiss franc and […] More

Difficult Session for Indian Stocks and the Rupee… Key Vote on Brexit… Florida Watching Dorian Warily

September 3, 2019

The Sensex index of Indian share prices fell 2.1%, its worst daily session of 2019, and the rupee has fallen over 0.5% against the dollar. Investors reacted to a 6-year low in Indian on-year GDP growth and a 15-month low in the economy’s manufacturing purchasing managers index. British MPs in the House of Commons across […] More

More Evidence of a Global Slowdown

July 2, 2019

The dollar fell 0.4% against the Australian currency and 0.3% vis-a-vis the Japanese yen but is little changed otherwise. Equity markets in the pacific Rim slid 0.4% in South Korea and 0.3% in Taiwan but advanced 1.1% in China. In Europe, the British Ftse is up 0.5%, but the German Dax is unchanged. The U.S. […] More

Dollar Firms a Bit

February 4, 2019

Several markets including China, Hong Kong, Taiwan, South Korea and Singapore are shut for the Lunar New Year holiday. Half the U.S. government shutdown reprieve has been spent, and still there is no agreement. U.S./Chinese trade talks are another continuing source of uncertainty. The dollar is 0.2-0.4% firmer against the euro, Swiss franc, loonie, Aussie […] More

Markets Jittery Again over Uncertainties Related to Trade Tensions and British Brexit

December 4, 2018

Share prices fell  539 points  or 2.4% in Japan, 1.0% in Australia, 0.8% in South Korea, 0.7% in Singapore and 0.5% in Taiwan. European markets have lost 1.4% in the U.K., 1.0% in Germany, 1.2% in Spain, 0.9% in Italy and 0.7% in France. In the U.S., the DOW and S&P 500 each lost 0.6% […] More

Dollar Beginning Autumn FX Trading Season on a Rising Note

September 4, 2018

With trade war fears still on the front burner, the dollar’s first post-Labor Day movement has been mostly upward especially against emerging market currencies. The dollar has climbed 2.1% against the South African rand, buoyed by confirmation of South Africa’s first recession since 2009. The greenback is also up 1.1% against the Mexican peso, 0.7% […] More

Share Prices Falter… British and Czech Central Bank Rates Hiked

August 2, 2018

The tone of tariff threats between the United States and China has intensified. The Turkish lira tumbled to an all-time low beyond the 5 per dollar level yesterday in response to the imposition of U.S. sanctions against the Turkish Minister of Justice. The lira had already been under siege as a result of accelerating inflation […] More

Dollar Down.. So Are Bond Yields, Stocks and Oil

March 2, 2018

The dollar fell nearly 1% overnight against the yen to a new 2018 low. The U.S. currency has also lost 0.8% versus the Swiss franc and 0.5% vis-a-vis the euro, and it has move under a key psychological trade-weighted level. The German Dax and Japanese Nikkei are down 1.3%. Ten-year German bund and British gilt […] More

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