German and British industrial production
Euroland Stocks Rally and Oil Retreats Further
December 7, 2016
The ECB Governing Council, which meets tomorrow and is scheduled to release new forecasts, is widely expected to unveil an extension of planned asset purchases beyond March 2017, the current termination date of the program. Stock markets are up today in Europe by 2.9% in Greece, 1.6% in Germany, 1.5% in the U.K., 1.8% in […] More
Oil Rebounds and Another Warning against Rapid Yen Swings
April 8, 2016
West Texas Intermediate crude oil rose 3.5% to $37.56 per barrel, taking some shine of the risk averse mood of recent sessions. There’s some hope that a scheduled OPEC meeting later this month could produce an accord with Russia to limit production. Share prices in Europe have rebounded 3.2% in Italy, 1.6% in Greece, 1.3% […] More
Mostly Firmer Dollar Ahead of U.S. Jobs Report
November 6, 2015
The U.S. currency shows overnight gains of 0.6% relative to sterling, 0.3% vis-a-vis the loonie, 0.2% versus the yen and 0.1% against the euro, Swissie and yuan. The dollar is 0.1% softer against the New Zealand and Australian dollars. Investors generally expect September’s weaker-than-anticipated jobs report to be followed by a solid October set of […] More
BOJ Meeting and Several European Industrial Production Releases
October 7, 2015
The dollar shows losses of around 1% overnight against the Australian and New Zealand dollars. It also fell 0.6% relative to sterling and 0.2% vis-a-vis the yen and loonie but is 0.2% higher against the euro. The Swissie and yuan are steady. Share prices around the Pacific Rim leaped 3.9% in Hong Kong, 2.2% in […] More
Janet Yellen’s Day
October 9, 2013
Press reports emerged overnight that President Obama will announce today his nomination of Fed Vice-Chairperson Yellen to succeed Chairman Bernanke, whose term expires at the end of January 2014. Yellen has extensive training as an economist and experience in the Federal Reserve System. While she has an image in market circles for being dovish because […] More
