G7 Summit
G7 Summit Wrapping Up, ECB to Raise Interest Rates, and Evidence of Softening Consumer and Business Confidence
June 28, 2022
Dollar movements overnight have been narrowly mixed, with declines of 0.4% against the loonie, 0.5% versus the ruble, 0.2% vis-a-vis the Australian dollar, and 0.1 relative to the Swiss franc but gains of 0.5% against the yen, 0.4% relative to the kiwi, 0.2% versus sterling, and 0.1% against the euro, peso and on a weighted […] More
G7 Meetings, ECB Press Conference, and Released CPI and Industrial Production Share Spotlight
June 10, 2021
Climate change and challenges from China and Russia headline the agenda of this year’s Group of Seven summit in Cornwall, U.K.. This is U.S. President Biden’s first summit. The Governing Council of the European Central Bank, as expected, did not modify its accommodative monetary stance nor forward guidance regarding future policy. Key interest rates (a […] More
Post-G7 Market Reaction Suppressed ahead of Tomorrow’s Kim-Trump Meeting and Several Key Central Bank Policy Reviews Later this Week
June 11, 2018
The annual summit of Group of Seven leaders over the weekend went poorly (see my review), but share prices mostly rose today in Asia and Europe. Stocks advanced 0.8% in South Korea, 0.5% in Japan, 0.4% in New Zealand, 0.3% in Hong Kong, 0.2% in Singapore, and 0.1% in India but slipped 0.5% in China […] More
