German retail sales

Between the State of the Union and Yellen’s Final FOMC Meeting

January 31, 2018

Reaction to President Trump’s first State of the Union address last night has been typically partisan. For good or bad, citizens have already solidified their impressions of him for however much longer he is their president. The next big event will be the FOMC’s released statement at 14:00 EST (19:00 GMT). No press conference follows, and […] More

Flood of Data on Final Business Day of April

April 28, 2017

The dollar is mixed, with declines of 0.6% against the euro, 0.3% relative to the peso and Swiss franc and 0.2% vis-a-vis sterling but gains of 0.3% versus the yen, 0.2% against the kiwi and 0.1% relative to the loonie. The Aussie dollar and Chinese yuan are unchanged. Stocks are generally lower. The German bund […] More

Softer Stocks, Oil, and Yen on Halloween

October 31, 2016

Share prices fell 0.6% in South Korea, 0.2% in Taiwan, and 0.1% in Japan and Singapore. Sharper equities in Europe show markets already down 0.8% in France and Italy, 0.6% in Spain and Switzerland, 0.5% in Greece, and 0.4% in the U.K. and Germany. OPEC minister failed over the weekend to secure any agreement on […] More

Bank Share Price Woes Escalate as Quarter Draws to a Close

September 30, 2016

There’s been the usual cornucopia of data releases on the final business day of the calendar quarter, but the big story of the day involves Deutsche Bank, whose share price is down nearly 10%. Deutsche’s woes are dragging down other stocks in the global financial sector despite supposed safeguards built into the system in the […] More

End of August

August 31, 2016

Investors are less worried about European growth and more confident the Fed will lift rates soon at the end of the month than they were at the start of August. A lot of data was released on this final trading session of the month. The dollar is down 0.4% against sterling. Britain’s Nationwide house price […] More

Typical Deluge of Data as Another Month Ends

May 31, 2016

Market Highlights: The U.S. dollar dropped 1.1% and 0.9% against the Australian and New Zealand dollars on encouraging economic statistics released today. Against other major currencies, the U. S. dollar is narrowly mixed but poised to record a very strong monthly advance. The Shanghai Composite index of Chinese share prices leaped 3.3%.  The cause was […] More

Yen Climbs Further Even as Japanese Golden Week Holidays Begin

April 29, 2016

The yen touched an 18-month high of 106.9 per dollar and is up 0.9% on balance from Thursday’s close.  The trade-weighted dollar is close to a one-year low. Japanese markets were closed for Showa Day.  Next week’s continuing Golden Week holidays are Constitution Day (May 3), Greenery Day (May 4) and Children’s Day (May 5).  […] More

Quarter-end Data Deluge

June 30, 2015

The dollar is trading with overnight gains of 1.4% against the kiwi, 0.5% relative to the euro and Swiss franc and 0.1% vis-a-vis sterling.  It is unchanged versus the yen and Australia and dollar and down 0.1% against the loonie and yuan. Stocks in China rebounded by a big 6.7%, buoyed by a liquidity injection […] More

Another Month Going into the Books

May 30, 2014

There have been several Japanese data releases on this final business day in May. Industrial production sank 2.5% in April, trimming the 12-month increase to 4.1% from 7.4% in March.  Officials project an increase of 1.7% in May followed by a 2.1% slump in June, and they reclassified the assessment of industrial production to “appears […] More

Awaiting FOMC Decision as First Third of 2014 Winds Down

April 30, 2014

The dollar has slipped 0.3% against the Swiss franc, 0.2% versus the euro and 0.1% relative to the yen and kiwi.  The greenback is 0.1% firmer against the loonie and unchanged versus the Australian dollar, Chinese yuan and sterling. Share prices in the Pacific Rim fell 1.4% in Hong Kong but rose 1.6% in New […] More