German import prices

Looking for U.S. Data to Provide Today’s Market Guidance

December 22, 2015

Revised U.S. GDP heads a bunch of data releases later this morning that also includes existing home sales, the Richmond Fed manufacturing index, home prices, and weekly Johnson-Redbook chain store sales.  The GDP revision is likely to show less growth than reported initially. The Australian and New Zealand dollars were well bid overnight, climbing 0.8% […] More

Better Financial Market Tone Continues

August 27, 2015

The Kansas City Fed’s annual economic policy symposium in Jackson Hole, WY begins today.  The topic of this year’s central banker conference is “Inflation Dynamics and Monetary Policy.”  While Chairperson Yellen will not be attending, Vice Chair Stanley Fisher’s speech on Saturday, the final day of the gathering, is the most eagerly awaited event.  Remarks […] More

An Important Week Starts Quietly

April 27, 2015

Very few economic indicators get released today.  Later in the week sees the release of preliminary estimates of U.S. and British first-quarter growth, each of which is likely to prove soft.  Investors await Wednesday’s FOMC policy statement, eager to learn how the continuing lull in U.S. activity might affect coming Fed policy.  Do they believe […] More

Less Volatility Than Earlier in the Week

March 27, 2015

The dollar rose overnight by 0.5% versus the euro, 0.4% against the Australian and New Zealand dollars, 0.3% relative to the Swiss franc, 0.2% vis-a-vis the loonie and 0.1% against the yuan and yen but slipped 0.2 against sterling. Concern has subsided about the impact on oil prices from the air strike on Yemen.  West […] More

Spotlight Today Belongs to Central Banks

January 28, 2015

Financial markets await the FOMC statement due at 14:00 EST (19:00 GMT).  Meaningful changes are not anticipated.  No press conference is scheduled afterward. The Monetary Authority of Singapore (MAS) tweaked monetary policy after its first unscheduled policy meeting in thirteen years.  Ordinarily policy, which is oriented around the management of the currency rather than a […] More

Slow But Constructively Solid Start to Week of Christmas 2014

December 22, 2014

Last week’s post-FOMC rally in share prices remained intact in Asian and European trading.  Stocks rose 1.9% in Australia, 1.3% in Hong Kong, 1.2% in India, 1.6% in Singapore, and 1.1% in Taiwan.  Lesser gains were achieved in South Korea of 0.7%, China of 0.3%, and Japan of 0.1%, but equities in Europe so far […] More

U.S. Heading for Thanksgiving Day Break

November 26, 2014

Before U.S. markets close early today, a load of U.S. data were released including several downside surprises. New jobless insurance claims jumped 21K last week to 313K, and that boosted the 4-week average rise by 6.25K to 294K. The U. Michigan/Reuters gauge of consumer sentiment in November got revised downward to 88.8 from 89.4 reported […] More

Some Good Economic News for a Change

October 28, 2014

Industrial profits in China reverted to positive on-year growth in September, albeit a gain of only 0.4%.  A 0.6% decline in the year to August was negative for the first time in almost two years. Japanese retail sales increased 2.7% on month in September, three times more than forecast, and posted the largest on-year advance, […] More

Stronger Yen

July 26, 2013

The yen is 0.7% stronger against the dollar and hit an overnight high of 98.26/USD following the release of Japanese CPI figures.  Both total (up 0.2% from June 2012) and core CPI inflation (+0.4%) were positive.  Deflation seems to be disappearing faster than anyone imagined. Tokyo consumer prices in July were 0.2% higher than in […] More

Global Share Prices Higher following 3-Day Weekends in the U.K. and U.K.

May 28, 2013

Equities climbed 1.1% in Japan and Hong Kong, 1.7% in China, 1.8% in Indonesia, 0.7% in India, 0.3% in south Korea and 0.2% in Australia.  Share prices in Europe so far show gains Tuesday of 1.7% in Italy, 1.6% in Britain, 1.5% in France and Spain and 1.1% in Germany.  There is some speculation that […] More

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