German CPI

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

Grim News Keeps Piling On

January 28, 2016

The Chinese Shanghai Composite Stock index slumped another 2.9% overnight. Markets reacted adversely to the FOMC statement, which did not explicitly back away from December’s message that the fed funds rate is likely to climb a full percentage point in 2016 but indicated that risks are more skewed to the downside now than before. Economic […] More

New Wave of Volatility and More Disinflationary Data

October 13, 2015

Yesterday’s plunge in oil prices has been followed by news of a 20.4% on-year decline in Chinese import prices and a 1.1% slide in the Aussie dollar against its U.S. counterpart. The greenback is also up 0.7% against sterling, 0.4% relative to the loonie, 0.5% vis-a-vis the kiwi, and 0.3% against the yuan.  The dollar […] More

Post-Greek Spike in Dollar Not Sustained

June 29, 2015

Greece and China made big news over the weekend. First from Greece:  PM Tsipras threw world financial markets a curve ball, vesting the country’s decision on whether to comply with the terms of the creditors in the hands of the people to be decided by referendum next Sunday, July 5. If his intent was in […] More

A Drop in Commodity Prices

March 30, 2015

There’s been a decline in oil and metal prices to start the bridging week between the first and second quarters of 2015.  WTI oil lost 1.9% to $47.96, and Comex gold is 1.1% lower at $1,187.20 per ounce. Stocks and the dollar, on the other hand, have strengthened. The bid tone in share prices was […] More

Europe Gets Better News on Inflation

February 27, 2015

Increasing domestic political rumbling in Greece sent share prices there down 4.1% and lifted the 10-year government bond yield by six basis points.  The parliament in Germany approved the recent agreement to extend the bailout aid timetable by four months. The dollar is mostly softer, with overnight losses of 0.5% against the Swiss franc, 0.4% […] More

Dollar and Euro Charge Upward

January 29, 2015

The dollar edged 0.1% lower against the euro but has advanced 2.0% against the Swiss franc, 1.9% relative to the Aussie dollar, 1.0% vis-a-vis the kiwi, 0.9% against the loonie and 0.7% against the yen and sterling. The 10-year British gilt slipped four basis points and the 10-year German bund dipped a basis point.  The […] More

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