German CPI
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
Tough Session for Stocks and Dollar
July 28, 2017
Equities in the Pacific Rim dropped 1.7% in South Korea, 1.4% in Australia, 1.2% in New Zealand, 0.9% in Hong Kong, 0.8% in Singapore, 0.7% in Singapore and 0.6% in Japan. Stocks in Europe thus far are down 1.3% in France, 1.1% in Italy, 0.9% in Spain, 0.8% in the U.K., and 0.4% in Germany. […] More
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
