Ezone industrial production

Weaker Yen Helps to Lift Equities

August 13, 2013

The yen is weaker than 98/USD and 1.3% below its Monday close.  Other dollar pairs are hardly changed with gains of 0.3% versus the Swiss franc, 0.2% relative to the loonie, and 0.1% against the Aussie dollar, kiwi, euro and sterling.  The yuan is steady. Japan’s Nikkei jumped 348 points or 2.6%.  Elsewhere in the […] More

Waiting for ….

March 13, 2013

Investors await U.S. retail sales figures and several central bank policy decisions.  Meanwhile, stocks and sovereign debt yields are lower, and the dollar has been generally stable. U.S. import prices, retail sales and business inventories data arrive today. Central bank policy decisions are due Thursday in New Zealand, Switzerland, Norway, Chile, the Philippines, and South […] More

Higher Bund and Gilt Yields

February 13, 2013

The yields on 10-year sovereign German and British debt jumped by six and ten basis points overnight.  The 10-year Japanese JGB yield slipped a basis point, but futures point to a higher yield in U.S. Treasuries. The yen strengthened to 92.81 per dollar overnight but is presently 0.2% softer on balance at 93.64.  The U.S. […] More

Yen Slips Further as Japan Observes Coming of Age Day

January 14, 2013

Press reports over the weekend claiming that the Bank of Japan and government leaders have reached an accord on a change of inflation target sent the yen as low as 89.695 per dollar and 120.155 per euro.  A joint statement will reportedly be released after the monthly meeting of the Bank of Japan Board, unveiling […] More

Waiting for Draghi’s Press Conference and U.S. Retail Sales

January 12, 2012

Equities show overnight gains of 1.4% in Germany and 1.2% in France ahead of the ECB policy announcement and monthly press conference.  The dollar is down 0.3% against the euro and 0.5% softer relative to the Swiss franc. The dollar otherwise has dipped 0.2% against the loonie and 0.1% versus sterling, while firming 0.1% against […] More