German import prices
Overseas Share Prices Didn’t Follow Yesterday’s U.S. Rally
March 2, 2017
Stocks were mixed in the Pacific Rim. While Australia’s bourse climbed 1.3% and the Japanese and Indonesian markets went up 0.8%, stocks fell 0.2% in Hong Kong and 0.5% in India. In Europe, the Greek and Spanish markets are flat, and the German and British ones have dipped 0.1%. U.S. futures are a tad down. […] More
It Ain’t Over ‘Til It’s Over
September 27, 2016
Clinton was at first perceived as the clear debate winner last night, which spurred a rally of stocks in Asia and emerging market currencies like the Mexican peso. She was deemed the winner overall but also on virtually all issues discussed. Narrowest margin was on likely handling of the economy. Donald Trump reserved one of […] More
Post-Brexit Market Moves Reversed Slightly Ahead of EU Council Meeting
June 28, 2016
The dollar settled back 0.9% against sterling and the kiwi, 0.8% versus the Australian currency, 0.7% relative to the loonie, and 0.6% vis-a-vis the euro and yen. The yuan and Swiss are mostly unchanged. Emerging market currencies did better today as well. Ten-year sovereign debt yields rebounded six basis points in the U.K., 3 basis […] More
Investor Sentiment Spooked by Fed Official Rhetoric
March 24, 2016
Led by oil, commodity prices have dropped. West Texas Intermediate crude oil dropped 2.5% to $38.81 per barrel after indications of rising U.S. inventories. Comex gold edged 0.1% lower to $1,218.83 per ounce. The Shanghai Composite index of Chinese share prices fell 1.6%, most in two weeks. Equities closed down 1.3% in Hong Kong, 1.1% […] More
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
