German business climate index

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

Several Pieces of Good News

May 25, 2016

Yesterday’s strong performance in North American equities carried over into Pacific Rim and European markets today.  Japan’s Nikkei closed 1.6% higher.  Shares also climbed 2.7% in Hong Kong, 2.3% in India, 1.5% in Australia, 1.3% in Indonesia, 1.2% in South Korea and Taiwan and 0.7% in New Zealand.  The Shanghai composite index dipped 0.2%, however, […] More

Investor Resilience in the Face of Weak German, British and Japanese Data and a 3% Drop in Oil

January 25, 2016

The Japanese yen rose 0.4% against the dollar, and the Nikkei-225 index of Japanese share prices climbed 0.9% in spite of customs clearance data showing an 18.0% on-year plunge in imports and a 8.0% drop in exports.  From November to December, exports dived 3.8%, and imports plunged 4.0%.  The trade balance was in surplus by […] More

Investor Resilience in the Face of Weak German, British and Japanese Data and a 3% Drop in Oil

January 25, 2016

The Japanese yen rose 0.4% against the dollar, and the Nikkei-225 index of Japanese share prices climbed 0.9% in spite of customs clearance data showing an 18.0% on-year plunge in imports and a 0.8% drop in exports.  From November to December, exports dived 3.8%, and imports plunged 4.0%.  The trade balance was in surplus by […] More

Fairly Wild Day after Fed Tightens

December 17, 2015

The Argentine peso dived about 30% to 13.95 per USD following the new Macri governments lifting of capital controls and withdrawal of intervention support.  Officials reserve the right to intervene again in the future if deemed needed. The U.S. currency has advanced broadly and especially against commodity-sensitive currencies.  The U.S. dollar rose 1.3%, 1.0% and […] More

Japanese CPI, German IFO and Russian Rate Hike Fail to Move Dollar Much

July 25, 2014

The dollar is unchanged against the yuan and sterling and firmer by 0.3% relative to the kiwi, 0.2% versus the loonie, and 0.1% against the euro, Swissie, Australian dollar and yen. Share prices rose 1.1% in Japan and China, 0.4% in New Zealand and South Korea, and 0.3% in Hong Kong, but they have fallen […] More

css.php