Euroland retail PMI

Waiting for Friday’s U.S. Jobs Report

October 6, 2016

The dollar firmed 0.4% against the Swiss franc and Aussie dollar, 0.3% relative to sterling, 0.2% versus the euro, loonie and kiwi, and 0.1% against the yen. Chinese markets remain closed. Tomorrow’s jobs reports is not expected to dampen current speculation that the Fed will tighten by December and maybe even in November. Oil’s upward […] More

Markets Moved by Fed Rhetoric and British Opinion Surveys

June 6, 2016

With less than three weeks until the U.K. voter referendum on whether to remain part of the European Union, two surveys showed more people wanting to exit than to stay, although the margin was narrow in each case.  Sterling has fallen 0.7% against the dollar, but the Ftse is 1.0% stronger. Commodities are up in […] More

Corrective Day in the Market

January 7, 2015

Stocks and sovereign debt yields are higher.  So is oil (marginally) and the dollar.  Gold slid for the first time in several sessions.  Much can change before this day is done.  Several data releases are due: minutes from the December FOMC meeting, U.S. and Canadian trade figures, the ADP estimate of U.S. private employment growth […] More

Central Bank Hit Parade

September 4, 2014

In a surprise move, the ECB cut all three of its interest rates by 10 basis points to a marginal lending rate of 0.30%, a refinancing rate of 0.05%, and a deposit rate of -0.2%.  All three rates had been cut in July.  Now markets await other possible steps like the purchase of ABS securities.  […] More

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