German PPI

Awaiting U.S. Jobs Report and the Kavanaugh Vote and Watching Sino-U.S. Trade Dispute Intensify

October 5, 2018

Wednesday’s ADP estimate of private employment growth and very low jobless insurance claims suggest a very large jump in U.S. non-farm payroll jobs. The Labor Dept announces the figure at 08:30 EDT. A cloture procedural vote on the Kavanaugh debate mid-day should set the stage for a a full senate confirmation vote Saturday. Best guess […] More

Few Data Releases, Firmer Share Prices and Metals, Steady Oil and Sovereign Debt Yields

August 20, 2018

Dollar/yen is unchanged. The dollar is down 0.3% against the yuan but has risen 0.3% against the euro, 0.2% relative to the Australian dollar, kiwi, and Mexican peso, and 0.1% versus the Swiss franc, loonie and sterling. Equities climbed Monday by 1.9% in Indonesia, 1.5% in Hong Kong, 1.1% in South Korea, 0.9% in India […] More

Trump’s Latest Comment on Tariffs Stirs Up Fresh Market Anxiety

July 20, 2018

Stocks had performed decently in the Pacific Rim, rising overnight by 2.1% in China, 1.0% in Hong Kong, 0.4% in Australia and 0.9% in Taiwan. The Japanese Nikkei had been an exception, drifting down 0.3%. In an interview with CNBC, President Trump signaled a willingness to impose tariffs on China equal to the sum of […] More

Calmer Waters

June 20, 2018

Share prices recovered 1.2% in Japan and Australia, 1.0% in South Korea, 0.7% in India, 0.4% in Hong Kong and 0.3% in China. U.S. and European equities have rebounded more moderately. The spin on a possible trade war is that the harsh rhetoric from officials in the U.S. and China is just threat to secure […] More

Deepening Trade War Concerns

March 20, 2018

The Fed’s two-day policy review starts today. The first post-meeting press conferenceĀ of the Jay Powell era and a likely 25-basis point interest rate hikeĀ  are tomorrow, and investors are anxious to see if there is a signal that four increases this year are more likely than two or three. But all this has been overshadowed […] More

U.S. Federal Government Shutdown at Midnight Still Possible

January 19, 2018

Talks to avert a U.S. fiscal shutdown at the end of today have degenerated into a 3-way circus. House Republicans passed a short-term fix that excludes DACA but enhances CHIP child support. President Trump’s tweets endorse the CHIP enticement only as part of a long-term solution and continue to insist on funding for the Mexican […] More

Rise in Sovereign Debt Yields Extended

December 20, 2017

The Senate approved the tax bill without any support from the Democrats by a vote of 51-48. All that remains is one final assured vote today in the House of Representatives and President Trump’s signature on the bill. This legislation is projected to boost economic growth in 2018 but also will raise federal deficit spending […] More

Natural Disasters, Manmade Disasters and Central Bank Meetings Top News

September 20, 2017

Puerto Rico is being hammered by a Cat 4 hurricane with 155 MPH winds. Mexico is reeling from a 7.2 magnitude earthquake that struck yesterday. Around 25o people confirmed dead. U.S. Republican senators are scrambling to pass a repeal and replace healthcare bill by monthend that’s even more dysfunctional than previous efforts. In a speech […] More

Somewhat Softer Dollar in Wake of G20 Meeting of Finance Ministers and Central Bank Chiefs

March 20, 2017

The dollar slipped overnight by 0.4% against the New Zealand and Australian dollars, 0.2% relative to the euro and sterling, and 0.1% vis-a-vis the Swiss franc. The dollar is unchanged against the loonie and up 0.2% versus the peso and 0.1% against the yen and yuan. The Japanese and Mexican markets are shut for the […] More

North American Holidays Dull Activity

February 20, 2017

The U.S. and Canada are closed for Presidents Day and Family Day. The dollar fell overseas by 0.4% against sterling. Britain’s House of Lords will be discussing whether to amend how Article 50, which will govern the Brexit process, is to be triggered. The dollar climbed half a percent against the rand. South African Finance […] More

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