Euroland PPI
Omicron, Central Banks, ISIS, Metaverse, OPEC, Russia, Inflation and January PMIs Vying for Market’s Attention
February 3, 2022
The top leader of ISIS and his family have died after a U.S.-led raid in Syria. Geopolitical tensions between the U.S. and Russia remain very high. A total of 3,623 Covid-19 deaths yesterday in the United States were the greatest single-day total in a year. Omicron affected numerous service-sector and composite purchasing manager surveys reported […] More
Continuing Market Reverberations from FOMC Minutes
January 6, 2022
FOMC minutes released yesterday afternoon, which served notice that the federal funds rate is likely to rise further in 2022 than implied earlier and that central bank balance sheet reduction will commence sooner too, have helped allay concerns that monetary officials are treating the threat of inflation too lightly. Given this change, investors on the […] More
A Respite from Monday’s Difficult Day
October 5, 2021
Following a technology-led rout, U.S. equities are currently up around 1.25%, and the German, French, Italian and British bourses show rises of 0.6-1.0%. This rebound was not reflected in Asia, where share prices closed down 1.9% in South Korea, 1.3% in Japan, 0.9% in Indonesia, and 0.7% in Singapore. New Zealand and Australia markets dropped […] More
Covid Up, Inflation Up, Another Supreme Court Step Toward Overturning Roe, and a Flash Flood State of Emergency in NYC Headline Today’s News
September 2, 2021
U.S. deaths from Covid topped 1,400 on Wednesday, which constitutes a 75% jump from two weeks earlier. Producer prices in the euro area leaped 2.3% on month in July, the most since early 1995. Powered by a 28.9% increase in energy, the 12-month PPI increase swelled to 12.1%, most in almost four decades. Swiss consumer […] More
Lacking Much Direction
August 3, 2021
The dollar drifted lower overnight, losing 0.4% against the peso and kiwi, 0.2% versus the Swiss franc, yen, Aussie dollar and sterling, and 0.1% relative to the euro and weighted DXY index. The dollar is unchanged against the yuan and 0.6% firmer against the Turkish lira. At an intra-day low of 1.15% and 1.17% currently, […] More
Awaiting U.S. Monthly Labor Situation Report
July 2, 2021
Amid lessening restrictions on travel, U.S. investors are anxious to get away for the long Independence Day weekend but first must get past today’s release of June jobs data. A larger employment increase than seen in April or May is anticipated along with a further dip of the jobless rate, which was 5.8% in the […] More
Expectations of Strong Growth Driving Financial Markets
May 5, 2021
The dollar rose by a marginal 0.1% overnight, gaining 0.2% against the Turkish lira and 0.1% versus the Mexican peso and euro, holding steady versu the yen, Swiss franc and yuan, and dipping 02% against the loonie and Australian dollar and by 0.1% vis-a-vis sterling. Markets remained close one more day in China (Labor Day) […] More
Service Sector PMI Surveys and a Whole Lot More Data This Wednesday
March 3, 2021
The dollar overnight rose 1.0% against the Mexican peso, 0.5% relative to the New Zealand dollar, 0.4% versus the Aussie dollar, 0.3% against sterling 0.2% on a trade-weighted basis and 0.1% versus the yen and loonie. Sterling has remained steady on net, by contrast, continuing a pattern of comparative strength since the start of this […] More
U.S. Political Stress, PMI Services, A U.S. Jobs Report Shocker, and FOMC Minutes on Today’s Radar Screen
January 6, 2021
In the Georgian senate runoff elections, Warnock has apparently beaten his Republican opponent, and Ossoff holds a razor-thin 50.2%/49.8% lead over the Republican incumbent with 98% of ballots counted. If these leads hold, Democrats would take over the senate majority. The congress is scheduled to tally the state certified presidential electoral voting results this afternoon […] More
Fourth Quarter Starts with Lower Dollar, Firmer Equity Prices, and a Slew of Manufacturing PMI Surveys
October 1, 2020
The dollar fell overnight by 0.5% against the Swiss franc, Australian dollar, kiwi and sterling, by 0.4% versus the euro and by 0.2% relative to the Canadian dollar. A particularly sharp 1.5% drop came at the expense of the Mexican peso. The dollar is steady against the yen. U.S. Covid-19 cases increased 42.5k over the […] More
