eurozone PPI
Sovereign Debt Yields Settle Somewhat Back
December 2, 2016
U.S. and Canadian labor statistics for November were released today. U.S. labor market data were mixed. Fed officials remain virtually certain to raise the fed funds target this month, but the size of the increase won’t exceed 25 basis points. The data do not suggest that the Fed has fallen far behind the curve and […] More
Stocks, Bonds, and Dollar Moving South
August 2, 2016
Japan’s Nikkei dropped 1.7%. Share prices in Europe, led by banks, have so far today declined 3.4% in Greece, 2.4% in Spain, 2.1% in Italy, 1.4% in France, 1.3% in Germany, 0.8% in Switzerland and 0.3% in Great Britain. Equities fell 0.8% in Australia and opened lower in the United States. WTI oil bounced 0.9% […] More
Brexit on the Mind and a U.S. Birthday
July 4, 2016
On this 240th anniversary of the U.S. Declaration of Independence, U.S. markets are closed, depleting currency markets of some leadership. The dollar is little changed against other monies like the euro, yen and sterling. Nigel Farage, head of the UKIP Leave Party, resigned, creating more confusion about Britain’s next government and when the Brexit timetable […] More
Central Bank News from Japan as Investors Await ECB Press Conference
June 2, 2016
Bank of Japan Board member Sato spoke sharply in opposition to the current policy stance. He had voted against negative interest rates earlier this year and is even more convinced now that the strategy of quantitative easing and negative interest rates no matter what in an effort to restore 2% inflation as soon as possible […] More
Risk Aversion Returns after Upbeat Monday
May 3, 2016
Stocks, Treasury yields, and oil prices faltered Tuesday for various reasons. Disappointing Chinese, British and Irish manufacturing purchasing manager surveys reported. Mediocre first-quarter U.S. corporate reports in the background. EU Commission’s Spring Forecast revised 2016 and 2017 projected growth marginally downward. Credibility of BOJ policy very low. Japanese market shut for first of three consecutive […] More
Markets Tugged One Way by Oil and Another by Clarifying Super Tuesday Results
March 2, 2016
West Texas Intermediate crude oil dropped back 2.1% to $33.67 per barrel, depressing U.S. stock futures. Weekly U.S. oil inventories get reported today. Comex gold, the ultimate haven beneficiary, edged 0.2% lower to $1,230.25 per ounce. Trump won Alabama, Massachusetts, Virginia, Tennessee, Georgia, Vermont and Arkansas and now leads Cruz in the Republican delegate count […] More
U.S. Jobs Statistics to Dominate this Friday Session
October 2, 2015
Ninety minutes ahead of the U.S. labor force report, the dollar shows small gains of 0.3% against the yen and 0.2% relative to the euro and Swiss franc. The U.S. currency is unchanged against the Australian dollar and down 0.1% versus the loonie, kiwi and sterling. Analysts look for U.S. employment growth in September of […] More
A Lull in the Action
September 2, 2015
Market changes were comparatively muted overnight. The flow of data releases was light, but now investors await several important indicators from the United States: quarterly productivity and unit labor costs, the Fed’s Beige Book, and monthly factory orders and NAPM index of New York area manufacturing conditions. The dollar rebounded 0.6% against the yen, 0.5% […] More
Stronger Australian Dollar
August 4, 2015
The U.S. currency fell 1.8% against the Australian dollar but just 0.5% versus the kiwi and yen, 0.3% relative to the euro and 0.1% vis-a-vis sterling. The dollar is up 0.4% against the loonie and 0.1% relative to the Swiss franc, and it is holding steady versus the yuan. The Shanghai Composite stock index rose […] More
Post-Easter Session Sees Equities and Aussie Dollar Rise
April 7, 2015
Following the advance in the Dow on Monday, the return of markets that had been closed for Easter saw share prices advance 2.2% in China, 1.3% in Japan, 0.8% in Hong Kong and Indonesia, 0.5% in Australia and 0.4% in Singapore, Taiwan and New Zealand. European stocks have thus far advanced by 1.5% in Great […] More
