Euroland sentiment

Share Prices Sinking on a Thursday Crammed with New Information

March 29, 2012

Equities fell 1.3% in China and Hong Kong, 1.5% in Vietnam, 2.1% in Taiwan, 0.9% in South Korea, 0.7% in Japan and 0.4% in India.  The German Dax, Paris Cac and British Ftse have already lost 1.1%, 1.0%, and 0.9% today. Continuing the motif of greater risk aversion, the yen has advanced 0.8% against a […] More

Markets in an Unsettled State of Mind

January 30, 2012

Two developments have not happened that were presumed likely by this point, and the appetite for risk has fallen.  EU leaders are meeting in Brussels with the intent of hammering out details for enforceable fiscal discipline and an enlarged bailout fund. China reopened after a week-long holiday closure, but monetary policy there was not eased […] More

Dollar Down Ahead of Greek Vote on Austerity Later Today

June 29, 2011

The euro topped $1.4400 for the first time in a week and is 0.4% higher on balance.  The dollar has also lost 1.2% against the kiwi, 0.6% relative to the Australian dollar, 0.5% versus the Canadian dollar, 0.2% against sterling, and 0.1% relative to the yuan.  Dollar/yen and dollar/Swiss are unchanged. Dollar/Swiss was as weak […] More

Dollar Closing Week on Back Foot as G8 Leaders Meet in France

May 27, 2011

The dollar fell overnight by 1.2% against the Swiss franc, 0.9% versus the euro, 0.7% against the kiwi, 0.5% relative to the Aussie dollar, 0.2% against both the yen and sterling and 0.1% versus the Canadian dollar. Annual summer summits of the leaders of the major advanced economies used to be a huge event but […] More

Equities Higher

March 30, 2011

Asian and European stocks made solid gains as quarter-end nears and despite S&P credit rating downgrades of Greece and Portugal. The yen is trading heavily with a 0.8% decline to 83.11 per dollar.  The U.S. currency otherwise lost 0.7% against the Australian dollar, 0.4% versus the Canadian dollar, and 0.3% against the kiwi and sterling.  […] More

Swissy and Yen Up on Oil Crisis

February 24, 2011

Political chaos in the Middle East has spawned an hysterical oil market, with Brent topping $119.70 at one point and West Texas Intermediate eclipsing $103 amid forecasts of a potential spike above $200 per barrel.  Reassurances from Saudi officials that 1 million barrels per day of Libyan production can be replenished by Saudi Arabia and […] More

Stocks Tumble Around the World

June 29, 2010

Equities plunged 4.6% in China following a revision to the economy’s index of leading economic indicators to 0.3% from 1.7% reported originally.  This is a recently developed indicator of the Conference Board, which has been calculating a similar statistic for the United States and Europe. The Chinese market’s steep losses spearheaded other sharp stock market […] More