German CPI
Big Rise in Sovereign Debt Yields Ahead of BOJ, FOMC, and BOE Policy Reviews Later This Week
July 30, 2018
Ten-year sovereign debt yields climbed so far today by 7 basis points in the U.K., 5 bps in Germany, France, Italy and Spain, and 3 bps in the United States. Share prices fell in the Pacific Rim by 0.7% in Japan, 0.8% in New Zealand, 0.5% in Hong Kong and Singapore, and 0.4% in Taiwan […] More
Stronger Canadian Dollar
June 28, 2018
Today’s major dollar change has been a decline against other North American currencies. The loonie is up 0.7%, as investors have become more confident that the Bank of Canada will raise its interest rate after the July Board meeting. The Mexican peso has also strengthened. Against other currencies, the dollar shows no net change against […] More
Risk-Off Mood in Financial Marketplace
June 14, 2018
Investors are reacting Thursday to An increasing likelihood of four Fed rate hikes this year and three more in 2019 following yesterday’s federal funds rate increase and hawkish press conference. News today from the European Central Bank that monthly asset buying will be sliced in half to EUR 15 billion from October and eliminated altogether […] More
Less Fear about Italy, More Fear Over Trade
May 30, 2018
Highly successful Italian 10-year and 5-year sovereign debt auctions following growing incohesion among anti-euro political elements in that country alleviated one source of market strains. 10-year government bond yields fell by 24 basis points in Italy, 21 bps in Greece, 9 bps in Portugal and 4 bps in Spain. Yields, by contrast, rose 11 bps […] More
Continuing Uncertainty Over U.S. Trade Policy and Response to Syria
April 13, 2018
Markets mostly marked time so far this Friday, confused by President Trump’s reinterest in the Trans Pacific Partnership and ambiguous tweet regarding the U.S. response to the Syrian government’s chemical attack. Investors now await reports on first-quarter corporate earnings. The dollar was narrowly mixed overnight, firming 0.4% against the Swiss franc, 0.3% relative to the […] More
Softer Bond and Stock Values Ahead of Powell Testimony
February 27, 2018
Monday saw a big U.S. stock market rally, but equities overnight fell in contrast by 1.1% in China, 1.3% in Hong Kong, 0.3% in India, 0.2% in Taiwan and 0.1% in South Korea. In Europe, stocks so far have declined 1.0% in Greece, 0.5% in Switzerland, and 0.3% in Germany. A notable exception to the […] More
Dollar, Pound and Most Equities Falter as a Ton of Economic Data Got Released
November 14, 2017
The dollar rose 0.7% against sterling while posting losses overnight of 0.7% against the euro, 0.4% versus the Swiss franc, 0.2% vis-a-vis the Australian dollar, and 0.1% relative to the yen, loonie, peso and yuan. The kiwi fell 0.5%. Share prices declined 0.9% in Australia, 0.6% in Indonesia, Singapore and Hong Kong, and 0.5% in […] More
More Evidence of Subdued Inflation
October 13, 2017
The dollar fell overnight by 0.7% against the Australian dollar, 0.6% relative to the kiwi, 0.4% versus the yen and sterling, 0.3% vis-a-vis the Swiss franc, 0.2% against the euro and 0.1% versus the yuan. The peso and loonie remained unchanged even as President Trump suggests that it may not be possible to fix the […] More
A Pause in the Action
September 13, 2017
Movements in stocks, the dollar, and sovereign debt instruments have been minor so far today especially compared to those earlier in the week. The most significant action has been a drop in copper (1.5%) and other industrial metals. The dollar slipped 0.3% against the Australian and Canadian dollars, 0.2% versus the euro and 0.1% vis-a-vis […] More
A Somewhat Corrective Wednesday in the Market
August 30, 2017
The dollar recovered, sovereign debt yields rose and so have European and Asian equities overnight. The dollar climbed 0.4% against the euro, 0.3% versus the yen, 0.2% vis-a-vis the loonie, Swissy, and kiwi, and 0.1% relative to the Australian dollar. The dollar has dipped 0.1% versus the yuan and peso and is unchanged against sterling. […] More
