German industrial production
Lots of Other Data to Digest While Waiting for U.S. April Jobs Report
May 7, 2021
The dollar, down a mere 0.1% overnight, and the 10-year Treasury yield — unchanged at 1.57% — have been marking time ahead of the U.S. Labor Department’s monthly jobs report, which is expected to reveal a 0.1-0.2 percentage point drop in unemployment, another large jump in employment of close to 900k, but tepid wage pressure. […] More
Continuing Rise of Long-Term U.S. Bond Yields Lifts Dollar but Depresses Equities
March 8, 2021
The 10-year Treasury yield’s uptrend that began from 0.89% in mid-December has been extended another three basis points to 1.60%. The senate approved a $1.9 trillion pandemic relief package along partisan lines over the weekend, and investors are concerned that U.S. inflation will exceed the Fed’s expectations in both the short and long run. Bond […] More
Firmer Share Prices, Commodity Prices and Dollar
February 8, 2021
U.S. share prices point to a 0.3-0.4% additional rise at today’s open. Equities earlier had climbed 2.1% in Japan, 1.0% in China, 0.9% in Indonesia, 0.8% in Singapore and 0.6% in Australia. European gains so far today amount to 0.7% in France, 1.0% in the U.K., 0.5% in Switzerland, 0.3% in Germany and 1.6% in […] More
A Drop in Sterling and China Records a Record Trade Surplus
December 7, 2020
The dollar is unchanged from the Friday closing levels against the euro, yen and Swiss franc and shows insignificant net changes against the loonie, kiwi, Australian dollar and yuan. But a big 1.0% appreciation has occurred against sterling amid news that the EU and U.K. trade negotiators remain far apart with time running out for […] More
Trump on Steroids Has People on Edge and Unsure What Happens Next
October 7, 2020
President Trump returned from the hospital unrepentant and as erratic as ever. His major pronouncement on Tuesday — a unilateral postponement of stimulus talks until after the election — was seemingly reversed by an overnight tweet expressing a desire for a simplified “stand alone” bill. He downplayed the coronavirus threat and claimed to feel 20 […] More
Brexit Concerns Back in Spotlight while Holidays Close Other Markets
September 7, 2020
Investors perceive the odds of no post-Brexit trade deal between the U.K. and EU to be climbing. British Prime Minister Johnson reportedly will abandon trade talks after October 15 if no agreement is reached by then. The Eurogroup holds a monthly meeting at the end of this week. Markets are shut today in the United […] More
Risk Aversion Rekindled by Downbeat Economic Forecast and Data as Well as Covid-19’s Relentless Spread
July 7, 2020
Major stock markets in Europe show losses so far today of 1.2% in the U.K. and Germany and 1.0% in France and Spain. Equities closed down 1.4% in Hong Kong, 1.1% in South Korea and Singapore, and 0.4% in Japan. U.S. futures suggest that at least half of Monday’s strong rise in equity prices will […] More
Economic Reopening Spreads Even as Pandemic Chugs On
June 8, 2020
Many more business establishments will be reopening on a modified basis this week in a calculated gamble that the Covid-19 pandemic doesn’t intensify unduly as a result. An additional risk for the United States is the unknown impact of the many days of street protests since the death of George Floyd. Globally reported confirmed cases […] More
Disconnection Thursday Between Recessionary Data and Buoyant Stocks
May 7, 2020
Equities were mixed in Asia but have risen more impressively in Europe this morning. There were drops of 0.8% in India, 0.7% in Hong Kong and 0.2% in China but advances of 0.6% in Taiwan, 0.3% in Japan and 0.5% in New Zealand. The British Ftse, German Dax, and Paris Cac each have risen at […] More
Bigger Risk Appetite of Monday Continues
April 7, 2020
Share prices in Asia closed up 9.0% in India, 4.1% in Singapore, 2.1% in China and Hong Kong, 2.0% in Japan and 1.8% in South Korea and Taiwan. Equity markets so far in Europe show additional gains today of 4.3% in Italy, 4.0% in Germany, 3.1% in France, 3.5% in Spain and 3.0% in the […] More
