Euroland unemployment
Fourth Quarter Opens with Japanese Tankan Survey and a Slew of Manufacturing PMI Surveys
October 1, 2018
China will be closed all week, commemorating the communist revolution of 1949. Hong Kong’s market was similarly shut, and so was Australia’s due to Labour Day and the Queen’s Birthday observance there. A three-country Nafta remake including Canada as well as Mexico was fashioned at the last minute. Changes from the original deal were less […] More
Swoon of Stocks Continues Amid More Released Data and Ahead of Round 2 of the Powell Testimony
March 1, 2018
The newly minted Fed Chairman Jerome Powell will reprise his congressional Humphrey-Hawkins testimony at 10:00 EST, this time before the Senate Banking Committee. In the past two sessions since he testified before the House Financial Services Committee, the S&P and DOW dropped by 2.2% and 2.6%. Stocks overnight slumped 1.6% in Japan, 0.7% in Australia, […] More
Many PMI Reports on First Business Day of the Third Quarter
July 3, 2017
Markets this Monday are reacting to many cross-currents. The dollar has appreciated 0.3-0.5% against the yen, euro, Swissie, sterling, and Australian and and New Zealand currencies. It has risen more slightly versus the peso, yuan and loonie. Aside from declines in Australia of 0.7% and New Zealand of 0.4%, equities are mostly higher. Indonesia’s bourse, […] More
Market Jitters as January 20th Nears
January 9, 2017
European share prices have so far today lost 1.6% in Italy, 0.8% in Greece, 0.6% in Spain, 0.5% in Germany, and 0.3% in Switzerland. Japanese markets were shut for Coming of Age Day. Stocks elsewhere in the Pacific Rim rose 0.9% in Australia and 0.5% in China and New Zealand but fell 0.6% in Indonesia. […] More
Investors Brace for End-Month Flood of Information
July 31, 2012
Dollar movement overnight was limited to gains of 0.1% against the yen and sterling and losses of 0.3% versus the yuan, 0.2% against the euro, kiwi and Australian dollar, and 0.1% relative to the Swiss franc. The loonie is unchanged against its U.S. counterpart. Share prices advanced 2.1% in South Korea, 1.6% in Taiwan, 1.1% […] More
Both Good and Bad News on a Busy Day
November 30, 2011
The People’s Bank of China implemented the first reserve ratio reduction, effective December 5, since 2008, cutting the ratio for largest banks by 50 basis points to 21.0%. Such came after the close of trading and following a 3.3% drop in Chinese share prices on the final day of November. The Bank of Thailand also […] More
