Eurozone current account

Another Violent Act Slows Market Stampede into Safe Havens

June 17, 2016

Call it a second shot heard round the world.  Campaigning was suspended by both the “leaves” and the “remains” ahead of next Thursday’s U.K. referendum on whether to stay in the EU or abandon such.   This hiatus followed the assassination of MP Jo Cox, who had favored remaining in the European Union.  Assets perceived […] More

Stocks and Commodities Show Better Tone

May 20, 2016

Share prices in Europe have thus far recovered today by 2.3% in Greece, 1.3% in the U.K., 1.1% in France and Italy, 1.0% in Switzerland, and 0.9% in both Germany and Spain. Most markets in the Pacific Rim closed higher, too, such as Japan (0.5%), Australia (0.5%), Singapore (0.9%), China (0.7%), Hong Kong (0.7%), and […] More

Markets Confused and Fearful about the Coming Year

December 18, 2015

Noontime in New York finds U.S. equities down over 1.0%, the ten-year Treasury yield off two basis points, and the dollar depressed by 1.3% against the yen, 1.0% versus the Aussie dollar, 0.8% relative to the kiwi, 0.5% against the loonie, 0.4% vis-a-vis the euro and 0.1% against sterling. Share prices fell 1.9% in Japan […] More

Markets Confused and Fearful about the Coming Year

December 18, 2015

Noontime in New York finds U.S. equities down over 1.0%, the ten-year Treasury yield off two basis points, and the dollar depressed by 1.3% against the yen, 1.0% versus the Aussie dollar, 0.8% relative to the kiwi, 0.5% against the loonie, 0.4% vis-a-vis the euro and 0.1% against sterling. Share prices fell 1.9% in Japan […] More

Signals from the Fed, Bank of Japan and ECB

November 19, 2015

FOMC minutes from the October meeting released Wednesday afternoon showed most members inclined to hike the federal funds rate in December but also underscored an intention to normalize policy gradually thereafter and spreading doubts that the peak can lie much above 2%. A five hour 20 minute meeting of the Bank of Japan Board over […] More

Greek Banks Reopen, Share Prices Higher in Europe, and Gold Lower

July 20, 2015

The U.S. dollar fell 0.8% against the kiwi overnight but shows small gains of 0.3% relative to sterling, 0.2% vis-a-vis the Swiss franc and 0.1% against the yen, loonie and Aussie dollar.  The euro and yuan are steady. Equities have risen 1.5% in Italy, 1.0% in Spain and Germany, 0.9% in France, 0.6% in Greece […] More

Some Guarded Optimism Regarding Greece

March 20, 2015

Talks yesterday between Greek leaders and that economy’s creditors were reportedly productive.  Greece is to present a list very soon of reforms that it will do.  Until then, the main loan will not go through, so Greece will need some kind of stop-gap support in the immediate time ahead.  At least the sides are talking, […] More

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