German CPI
Dollar and Fixed Income Security Prices Soften
June 29, 2017
The dollar declined overnight by 0.5% against the peso, 0.4% relative to the Australian currency, 0.3% versus the yuan and sterling, 0.2% vis-a-vis the euro, and 0.1% against the Swiss franc and loonie. The dollar firmed 0.2% against the kiwi and 0.3% versus the yen. Ten-year German bund and British gilt yields jumped five basis […] More
Divergent Monetary Policies Lend Dollar Support
March 30, 2017
The dollar is up 0.3% against the kiwi, 0.2% relative to the euro and 0.1% vis-a-vis the yen and loonie ahead of U.S. GDP data. Federal Reserve District Presidents Williams and Rosengren, who both represent blue state areas, favor as many as four interest rate increases this year. Chicago Fed President Evans is more inclined […] More
U.S. Monetary Tightening Fever Lifts Dollar, Stocks and Sovereign Debt Yields
March 1, 2017
Last night’s speech by President Trump did no harm but lacked the details that investors were hoping to learn. No more is known about what will replace the Affordable Care Act, or how increased government spending will be financed. Trump was less contentious, but any relief could quickly dissipate today after the new immigration policy […] More
U.S. Restraints on Immigration Rattle Markets
January 30, 2017
Numerous Asian markets from China to South Korea, Taiwan, Singapore, Malaysia, and Hong Kong were closed for the Lunar New Year (of the Rooster). There’s been an uproar over President Trumps executive orders concerning immigration banning visitors from many Islamic countries but conspicuously not Saudi Arabia. Stocks fell 0.5% overnight in Japan, 0.9% in Australia, […] More
Investors Ponder What the Changes Will Bring
November 11, 2016
The post-election rally of equities hit a bump overnight. Stocks fell 2.5% in India, 4.0% in Indonesia, 1.9% in Hong Kong, 0.7% in Singapore but rose 0.8% in China and Australia. Japan’s Nikkei edged up 0.2% following a huge run-up on Thursday. European share prices are down 1.1% in the U.K., 0.8% in France, 0.9% […] More
Nervous Market Undertone
October 28, 2016
With the fast-approaching monthend, the usual heavy flow of data releases is being digested. Investors are in a guarded mood with just over a week left before the U.S. election. The Fed is widely expected to raise interest rates soon. The BOJ, meeting Monday and Tuesday is not expected to modify its stance. The first […] More
Markets Moved Sharply by Politics and the Comments of Officials
July 12, 2016
Three developments cheered markets, which chose to look at good developments rather than the still-tense racial tensions in the United States: Pieces are falling quickly into place for the U.K. to get a new prime minister, Theresa May. In parliamentary testimony, Bank of England Governor Carney hinted that more stimulus will be forthcoming to counter […] More
Tuesday’s Market Rebound Extended
June 29, 2016
European share prices have risen an additional 2.8% in Spain, 2.5% in France, 2.4% in the U.K. and Italy, 2.2% in Switzerland, 1.9% in Germany and 1.2% in Greece. Sterling is trading currently at $1.3421, up another 0.6% and 2.3% above the 30-year low seen on Monday. The dollar has also settled back 1.0% against […] More
Stocks, Commodities, Bond Yields Slip ahead of U.S. Data
May 13, 2016
Markets are ending the week on a risk averse note. The yen advanced 0.9% against the dollar in spite of Bank of Japan Governor Kuroda’s assertion that the central bank is prepared to ease decisively further. A lower open is indicated in U.S. stock futures. Downward momentum was fueled by yesterday’s gloomy report from Macy’s. […] More
Oil Retains $40-Plus Level
April 12, 2016
After closing above $40 per barrel on Monday, West Texas Intermediate crude oil extended its rebound by 0.6% to $40.59. Investors are hopeful that upcoming talks between OPEC and Russia will yield an accord to freeze production. Signs of higher inflation contributed to a better investor mood as well. Swedish consumer prices rose 0.5% in […] More
