German consumer confidence
Firmer Tone Wednesday in Equities and the Dollar
September 23, 2020
European share prices so far today show gains of 2.1% in the U.K., 1.6% in Spain, 1.5% in France, 1.4% in Germany and 1.1% in Italy. Equities also rebounded 2.4% in Australia, 1.1% in New Zealand, and 0.7% in Singapore but dipped 0.1% in Japan whose market was closed Monday and Tuesday for holidays. U.S. […] More
Broadly Softer Dollar amid More Hopeful Investor Mood
May 26, 2020
The evolution of the Covid-19 pandemic remains highly uncertain, but investors have chosen hope over fear at least for a day or so. Economies are being reopened at varying speeds, and there has been some encouraging news regarding vaccine development. Released economic data have confirmed improvement in many cases, meaning a slower implosion rather than […] More
Dollar Mostly Unchanged Overnight, Share Prices and Sovereign Debt Yields Slip a Bit
November 26, 2019
The dollar is unchanged from Monday closing levels against the yen, Swiss franc, kiwi and Australian dollar and has moved no more than 0.1% versus the euro, loonie, yuan and peso. A bigger dollar change of 0.4% occurred against sterling. The 10-year British gilt yield fell three basis points. Ten-year U.S. Treasury, German bund, and […] More
Watching Impeachment Developments and Digesting Data
September 26, 2019
The dollar fell overnight by 0.5% against the kiwi, 0.4% relative to the Aussie dollar, and 0.1% versus the yen and loonie, but it also rose 0.2% against sterling and the euro as well as 0.3% vis-a-vis the Swiss franc. The yuan and peso are unchanged. Wednesday’s rebound in U.S. share prices carried over into […] More
Share Prices and Sovereign Debt Yields Rebound… Brexit Situation Remains Muddled
March 26, 2019
In futures trading, the 10-year treasury yield rose five basis points to 2.44%. The 10-year German bund and Japanese JGB yield firmed two bps, while their British counterpart is 3 basis points firmer. Share prices rebounded 2.2% in Japan, 1.1% in India, 0.9% in Indonesia, 0.8% in Taiwanand 0.6% in Singapore. European equity markets are […] More
Some weak European and Japanese Data
August 29, 2018
French GDP growth slowed to a 0.2% per quarter rate in the first half of 2018 from 0.7% per quarter in the second half of 2017. In the second quarter alone, personal consumption contracted for the first time since the summer of 2016. Imports advanced five times faster than exports, and net foreign demand exerted […] More
Modest Market Retrenchment Ahead of ECB Announcement
April 26, 2018
The ECB Governing Council is holding a policy review to be followed by Draghi’s press conference. The Bank of Japan Board began a two-day meeting whose results will be revealed Friday. The BOJ also releases a quarterly Outlook for Economic Activity and Prices tomorrow, which will update its macroeconomic forecasts. After meetings with U.S. President […] More
The Wrath of Nature and North Korea Sends Markets into a Tizzy
August 29, 2017
So much for North Korean restraint in the face of Trump’s threat of “fire and fury” against that regime. North Korea fired a missile last night that sailed over Japan, seemingly calling the U.S. president’s bluff to prove how tough he can be. Meanwhile, Harvey continues to batter the Texas coast and is forecast to […] More
Market Churning and in Search of New Direction
July 27, 2017
A mixed day for the dollar this Thursday with a rebound of 1.1% against the Swiss franc and 0.3% relative to the euro and loonie. The dollar also edged up 0.1% versus the peso, yen and kiwi but has lost 0.2% against the yuan and 0.1% versus sterling. Stocks advanced 0.9% in Taiwan, 0.8% in […] More
Wait and See Market Mood
March 23, 2017
After stocks sold off earlier this week, there’s been a pause this Thursday, as investors await the U.S. House of Representatives vote on the Republican Insurance Policy and the scheduled public comments of Fed Chair Yellen and Minneapolis Fed District President Kashkari, who dissented from this month’s federal funds rate hike. Wednesday’s terrorist act in London […] More
