German business climate index

Turkey and Iran in the News

June 24, 2019

The Turkish ruling party’s candidate was soundly defeated in Istanbul’s re-run mayoral election. This blow to President Erdogen’s autocratic regime sent the Turkish lira up 0.8% against the dollar. Iranian authorities are claiming that U.S. cyber attack against Iran’s rocket launch system were unsuccessful. Fears of a U.S.-Iran war persist. The price of WTI crude […] More

Hope Rises that Trade Talks with China and Border Wall Talks Can Be Resolved

January 25, 2019

Equities lately have been a better barometer than foreign exchange of optimism that the U.S. government shutdown will be resolved and that a re-escalation of U.S. and Chinese tariffs will be averted. On that score, it’s a good sign that in the Pacific Rim share prices closed up by 1.7% in Hong Kong, 1.5% in […] More

U.S. Share Prices Open Higher as Wednesday’s FOMC Decision Nears

December 18, 2018

The dollar is narrowly mixed with tiny downticks of 0.2% against the euro and yen and 0.1% relative to the Swiss franc, Aussie dollar and sterling offset by gains of 0.7% versus the kiwi and 0.5% against the peso. Stocks in the Pacific Rim tumbled 1.8% in Japan, 2.2% in Singapore, 1.4% in Hong Kong, […] More

Last Week’s Stock Market Euphoria Dissipates

September 24, 2018

Equities dropped 2.0% in Hong Kong, 1.8% in India, 1.3% in Indonesia and 0.5% in New Zealand. Losses in European markets so far amount to 1.2% in Greece, 0.6% in Italy, 0.5% in Spain, 0.3% in Germany, 0.2% in France and Switzerland, and 0.1% in Great Britain. The more sour mood reflects China’s refusal to […] More

Dollar Up against Turkish Lira but Down Versus Mexican Peso

August 27, 2018

There’s been little net movement of the dollar against the euro (+0.1) or yen (-0.1%), loonie (+0.1%), or Aussie and New Zealand dollars (0.2). Sterling and the Swiss franc are each unchanged from closing levels before the weekend. Gold and oil are 0.3% and 0.4% softer. The 10-year German bund yield edged up a basis […] More

Dollar and Stocks Lower amid Some Softer European Data

February 22, 2018

The dollar dropped overnight by 0.5% against the yen, 0.3% relative to the peso and 0.1% vis-a-vis the Swiss franc, kiwi and Aussie dollar. The dollar firmed 0.2% relative to sterling and 0.1% versus the euro and is unchanged against the loonie. China reopened following the extended Lunar New Year holiday celebration. The yuan rose […] More

Sterling Rebounds and Streak Ends of Higher Daily Closes in Japan’s Stock Market

October 25, 2017

Sterling rose 0.9% overnight, buoyed by stronger-than-forecast third-quarter GDP growth. Xi Jinping introduced the new Chinese Politboro, all with similar ages to himself, and in so doing failed to signal an apparent successor in 2022. He is now China’s most powerful leader since Mao. Japan’s Nikkei closed down 0.5%. That was the first daily loss […] More

Stocks Up, and Peso Recovery Extended

June 26, 2017

Equities began the final week of the second quarter mostly on a rising note, with gains of 1.3% in Taiwan, 0.9% in China and Hong Kong, 0.6% in New Zealand, 0.4% in South Korea and 0.1% in Japan and Australia. Several markets were shut for the end of Ramadan. Share prices in Europe have advanced […] More

Stocks Fall and Dollar Rally Pauses

August 25, 2016

Today’s shocker came from the German IFO Institute’s monthly business climate index, which dived 2.1 points in August to a 6-month low of 106.2. Current conditions (down 2.0 points to a 7-month low) and business expectations (off 2.0 points to a 6-month trough) shared equally in this considerably weaker than expected outcome. Several data reports […] More

British Referendum Wreaks Havoc in Global Markets

June 24, 2016

British voters chose to leave the European Union by a margin of 51.9% to 48.1. ¬†Extensive coverage provided in Deeper Analysis. British Prime Minister Cameron, who campaigned to remain in the EU, resigned and will step down in the fall. The pound swung adversely against the dollar by as much as 11.9%, most ever, dropping […] More

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