German current account

Oil Under $50 and Gold Below $1,200 as U.S. Jobs Report Nears

March 10, 2017

A mixed overnight trading session finds the dollar up 0.4% against the yen and above the 115 level but down 0.3% to 1.0610 per euro. The dollar climbed 0.2% against sterling and 0.1% versus the Swiss franc but lost 0.4% to the peso, 0.2% against the Aussie dollar and 0.1% vis-a-vis the kiwi. The yuan […] More

A Convergence of Bond Yields

February 9, 2017

Ten-year sovereign debt yields fell 6, 5, and 3 basis points in Spain, Italy and France but rose 8 bps in Greece, 2 bps in the U.S. and U.K. and 1 bp in Germany. The dollar advanced 0.7% against the kiwi, which was depressed when the Reserve Bank of New Zealand’s policy statement left the […] More

A Second Presidential Debate is the Talk of the Town

October 10, 2016

Holidays are impacting trading this Monday. It’s Sports Day in Japan, Chung Yeung Day in Hong Kong, Thanksgiving in Canada, and Columbus Day in the United States. On the other hand, China, whose market was closed all last week for the National Holiday, reopened for business with the yuan marked up 0.5% to a six-year high […] More

Euro Rises on ECB Announcements

March 10, 2016

The ECB Governing Council announced a more aggressive package of stimulants than analysts were expecting. All ECB central bank interest rates including the main refinancing rate were lowered. The size of monthly quantitative asset purchases was increased 33% to EUR 80 billion and will run at least through end-2017. The types of eligible assets in […] More

Dollar Weakens Pretty Much Across the board

December 9, 2015

Share prices in Asia and Europe are mostly lower, but a 0.4% uptick in China’s market is an exception.  Stocks fell 1.3% in India and Indonesia, 1.0% in Japan, 1.4% in Taiwan and 0.6% in New Zealand and Australia.  Equities in Europe have so far lost 3.8% in Greece, 1.1% in France, 1.0% in Switzerland, […] More

Several Trade Reports and an OECD Semi-Annual Outlook

November 9, 2015

The dollar is mostly softer.  Stocks are mostly lower, but gold, oil, and some bond yields are up. The dollar depreciated overnight by 0.4% against the euro and kiwi, 0.3% versus sterling and the Swiss franc, and 0.2% relative to the loonie and Aussie dollar.  The U.S. currency, in contrast, rose 0.2% against the yen […] More

China Situation Better, Greek Situation Still Ominous

July 9, 2015

The Shanghai Composite index of Chinese share prices jumped 5.8%, as officials imposed even more restrictions to prevent big sale orders and short selling in general.  Elsewhere in the Pacific Rim, stocks rose 4.5% in Hong Kong but fell 0.7% in Indonesia and Taiwan, 0.5% in New Zealand and Singapore and 0.4% in India.  The […] More

Post-Election Rise in Sterling ahead of U.S. Jobs Report

May 8, 2015

Britain’s election did not result in a hung parliament as had been feared.  The Conservatives were reelected with a majority of 323 seats, gaining 22 on balance.  The Scotch National Party carved support away from Labour, whose seat tota fell by 23 to 229.  The Liberal Democrats lost 85% of its seats to a mere […] More

Markets Watching Greece and China Anxiously

February 9, 2015

Who’s going to flinch first in the standoff over Greek debt.  Prime Minister Tsipras and his finance minister Varoufakis spoke more emphatically about a break with austerity.  The prime minister reaffirmed his campaign promises to boost the minimum wage.  Greece’s creditors continue to insist that there can be no watering-down of Greece’s debt obligations.  Greek […] More

Setback Extended in Share Prices

December 9, 2014

Monday’s slide in equities continued overnight in Europe and Asia.  Stocks slumped 4.5% in China, 2.3% in Hong Kong, 1.7% in Australia, 1.2% in India and 0.7% in Japan.  Equities are so far down 1.5% in Spain, 1.4% in Italy, 1.2% in France, 1.1% in Britain and 0.9% in Germany. Also consistent with the risk […] More

css.php