Euroland trade balance

Commodity Prices Strengthen

October 16, 2017

West Texas Intermediate crude oil advanced 1.3% to $52.10 per barrel, and copper strengthened nearly 3%. Comex gold is 0.2% higher. Comments over the weekend at the IMF meetings in Washington from the likes of Yellen, Zhou, and Constancio stressed that growth is doing well and expressed puzzlement that wage inflation continues to lag. BOJ […] More

Discussions on a Quiet Day in the Market

March 17, 2017

Fed Chair Yellen and U.S. Treasury Secretary Mnuchin are in Baden-Baden Germany for two days of talks with their Group of Twenty counterparts. Trade and currency manipulation will be center stage. German Chancellor Merkel is in Washington on a visit with U.S. President Trump, who has criticized the size of the German current account deficit […] More

Chinese Price Data Lend Support to Investor Sentiment

October 14, 2016

The perceived strength of the Chinese economy continues to exert enormous influence over market sentiment. Poor trade data on Thursday sent global stocks tumbling, but today’s price reports indicated higher-than-expected inflation and generated a relief rally. Chinese consumer prices advanced 0.7% on month in September and 1.9% on year, the biggest 12-month increase since a […] More

Dollar Little Moved by U.S. and Other Data

September 15, 2015

The dollar shows no net overnight movement against the euro, yuan and loonie, a rise of 0.3 against the Aussie dollar and sterling, a gain of 0.2% and 0.1% versus the kiwi and Swissie, and a drop of 0.2% relative to the yen. Chinese share prices slumped 3.5%, and there were stock market declines of […] More

Somewhat Better-Than-Forecast Chinese Data Lifts European Equities

July 16, 2014

Stock markets in Europe have risen so far today by 1.6% in Italy, 1.4% in France, 1.2% in Germany and Spain, 0.9% in Britain and 0.8% in Switzerland. Stocks in the Pacific Rim did not immediately respond to stronger-than-expected Chinese GDP and industrial production, as investors at first concluded that the government in Beijing would […] More

Shifting Expectations about the Fed Support Equities

June 17, 2013

All the market talk over the past month about the Fed tapering quantitative easing had seemed premature, and as the FOMC meeting on Wednesday now draws near, investors are dumbing down their expectations for such a signal.  Share prices as a result recovered 2.7% in Japan, 1.2% in Hong Kong, 0.8% in India, 0.7% in […] More

Transformative Election Results in Japan

December 17, 2012

Japan’s Liberal Democratic Party captured 294 seats in the lower house of parliament, a massive gain from the 119 seats it held previously.  Along with New Komeito’s 31-seat total, the incoming coalition will control a “supermajority” of 325 seats, more than 2/3rds of the 480 seats in that legislative chamber, and that total will enable […] More

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