Ezone PPI
Trump Comments, More PMI Surveys, and Some Central Bank Signals
November 6, 2017
President Trump in Japan returned to his call for “fair” bilateral trade relationships. To reduce Japan’s surplus with America, he’d like to see more Japanese buying of U.S. military equipment. Euroland’s service sector and composite purchasing managers indices slipped to a 2-month low of 55.0 and 56.0, respectively. Each result was revised up a tenth […] More
DOW Tops 22K and an Indian Interest Rate Cut
August 2, 2017
The DJIA moved as high as 22,036, topping 22K for the first time ever, but is currently hovering just below that level. Asia got its first interest rate cut of 2017 as the Reserve Bank of India’s repo and reverse repo rates were reduced 25 basis points to 6.0% and 5.75%, respectively. The reductions had […] More
Dollar Drops Against Yen, Yuan and Peso
January 5, 2017
The dollar fell overnight by 1.3% against the Mexican peso, 0.7% relative to the Japanese yen and 0.6% vis-a-vis the Chinese yuan. The U.S. currency also lost 0.2% to the Swiss franc and 0.1% versus the euro, loonie and Australian dollar but rose 0.3% against sterling and 0.1% relative to the kiwi. Share prices climbed […] More
Across-the-Board Rise in Dollar
December 2, 2014
The U.S. currency rose overnight by 1.1% against the kiwi, 0.8% versus the yen, 0.7% relative to the loonie, Aussie dollar and sterling, 0.6% against the Swiss franc and 0.5% versus the euro. The yen touched a new low for the move of 119.30 per USD. The 120 per dollar level, first approached at the […] More
Nikkei Plunges 4.2%, Greatest Daily Decline since August 16th
February 4, 2014
With Chinese markets still closed for the Lunar New Year, share prices fell 4.2% (or 611 points) in Japan, 2.9% in Hong Kong, 1.8% in Australia, 1.7% in South Korea, 1.0% in New Zealand, and 0.8% in Singapore and Indonesia. In Europe, the German Dax is down 1.0%, but many other markets have only moderate […] More
