German PPI

WTI Oil Extends Rise Above $40 Level

March 18, 2016

West Texas Intermediate oil has climbed another 1.8% to $40.93 per barrel.  There has been a rebound of 56.6% since February 11 when oil touched its lowest level since May 2003. The rebound in oil has maintained a bid tone in share prices.  The DOW is 0.7% higher.  Stocks have risen 0.5% in Spain and […] More

Friday Down-Note to End an Up Week

February 19, 2016

Stock markets and sovereign debt yields overnight followed oil lower. West Texas Intermediate crude oil fell 1.8% to $30.23 per barrel. Ten-year British gilts, German bunds, and Japanese JGB yields dropped by six, two and one basis points. The Japanese Nikkei-225 slumped 1.4%, slipping back under the 16K level. Elsewhere in the Pacific Basin, share […] More

Quiet Start to Holiday-Riddled Week

December 21, 2015

The dollar is unchanged against the euro, yen, loonie and yuan.  The U.S. currency gained 0.2% relative to the Swiss franc and 0.1% versus the Aussie dollar and sterling but edged down 0.1% vis-a-vis the kiwi. Splintered Spanish election results have depressed the Spanish IBEX by 2.5%, but other stock markets are mostly higher after […] More

Greek Election, Japanese Holiday, and Mixed Markets

September 21, 2015

Syriza, the Leftest party of Greek Prime Minister Tsipras will command about 155 of 300 parliamentary seats with its coalition partner after Sunday’s election that drew a low voter turnout.  This was the result the rest of Europe desired, but a potential for the Greek debt crisis to flame anew persists because promised fiscal actions […] More

Another Risk Off Market

August 20, 2015

Stocks are off in North America, Europe and Asia.  The Shanghai Composite slumped 3.4%, and markets in India, Korea, Hong Kong, Australia and Singapore all fell at least 1.0%, while the Japanese Nikkei lost 0.9%.  The German Dax is 2.2%, and the S&P shows a loss of 1.2% so far. Ten-year sovereign debt yields are […] More

Greek Banks Reopen, Share Prices Higher in Europe, and Gold Lower

July 20, 2015

The U.S. dollar fell 0.8% against the kiwi overnight but shows small gains of 0.3% relative to sterling, 0.2% vis-a-vis the Swiss franc and 0.1% against the yen, loonie and Aussie dollar.  The euro and yuan are steady. Equities have risen 1.5% in Italy, 1.0% in Spain and Germany, 0.9% in France, 0.6% in Greece […] More

China Steals Greece’s Thunder in the Market Spotlight

June 19, 2015

For whatever reason, markets are not taking the Greek debt standoff as seriously as one might expect.  Neither the Tsipras government nor Greece’s creditors have taken steps that suggest a last minute compromise.  But share prices in Europe are up 1.1% in Italy, 0.7% in Spain and 0.6% in Greece.  Several markets in the Pacific […] More

Still Awaiting News on Greek Talks

February 20, 2015

Today is a self-imposed D-day on talks between the newly elected Greek government and its creditors.  Led by Germany, the latter insist that Greece abide by all previously agreed policy conditions or aid will be shut off at the end of this month.  The Greeks want a bridge loan, not a mere debt extension. Preliminary […] More

Broadly Stronger Dollar in Wake of Yellen’s Press Conference

March 20, 2014

The dollar shows overnight advances of 1.4% against the Swiss franc, 1.3% versus the kiwi, 1.2% vis-a-vis the euro and Australian currency, 0.9% against the loonie, 0.8% versus sterling, 0.7% against the yen, and even 0.6% relative to the Chinese yuan. Share prices fell by 2.5% in Indonesia, 1.8% in Hong Kong, 1.7% in Japan, […] More

Week Ends with a BOJ Meeting, U.S. and U.K. GDP Revisions, and an EU Banking Plan in which Few Trust

December 20, 2013

The Bank of Japan left its quantitative monetary policy and economic assessment unchanged.  Governor Kuroda believes 2% inflation will be reached by the spring of 2015 despite the coming sales tax increase. U.S. third-quarter GDP was revised up a half percentage point to 4.1% at an annualized quarterly pace, the fastest rate since the first […] More