German CPI
Stronger Dollar, Flat U.S. Share Prices and Lower Commodity Prices
April 11, 2019
Compared to Wednesday’s closing, the dollar has strengthened 0.6% against the Aussie dollar, 0.5% versus the kiwi, 0.4% relative to the yen and loonie, 0.2% vis-a-vis sterling and 0.1% against the euro and yuan. Share prices overnight fell in China, Hong Kong and Australia but rose in Europe. The DOW initially rose but now shows […] More
Central Bankers Less Confident about What To Do
February 21, 2019
FOMC minutes from the late January policy review clarified that the Committee’s new buzz word “patience” reflects uncertainty as to what outlook the latest economic data and other factors may be implying. “In light of the range of uncertainties associated with global economic and financial developments, the Committee decided that it was not useful at […] More
Brexit Mess, An FOMC Announcement, and Some Weak Data Reports
January 30, 2019
Last night’s British parliamentary votes produced an ill-advised win for Prime Minister May, rejecting a no-deal option or a second referendum in favor of authorization for the prime minister to attempt a renegotiation of parts of her agreement with the rest of the EU. Those governments have repeatedly ruled out renegotiation, so a no-deal Brexit […] More
Persistent Volatility as 2018 Winds Down
December 28, 2018
U.S. equities whip-sawed wildly in Thursday’s session, closing high. The upward direction carried into early Friday, with markets gaining 0.9% in Taiwan, 0.8% in India, 1.0% in Australia, 0.6% in South Korean, 0.4% in China and Hong Kong but dipping 0.3% in Japan. Markets in Europe are up so far 2.4% in Switzerland and between […] More
Stocks Rebound Somewhat but Situation Still Unstable
November 13, 2018
With the G20 summit in Argentina on November 30 – December 1 fast approaching, U.S. Treasury Secretary Mnuchin and Chinese Vice Premier Liu Yandong discussed trade issues in a phone conversation, the first high-level U.S.-Sino talks of any sort on this explosive issue. A breakthrough was not reported, but some equity markets bounced higher after […] More
Lots of Data but Not Much Market Movement as Monthend Approaches
August 30, 2018
The dollar’s down 0.3% against the yen but up 0.2% relative to the loonie, euro, Aussie dollar and Chinese yuan. Ten-year sovereign debt yields have slid back 3 basis points in Germany, 2 bps in the U.S. and 1 basis point in Great Britain, but the 10-year Japanese JGB firmed a basis point. Gold and […] More
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
