German WPI

Yuan Rebounds and U.S. Stocks Set to Rise Too

August 16, 2018

Equity losses early in Asia’s session were trimmed after an announcement¬† from China’s Minister of Commerce Wang Shouwen that China accepts the invitation from U.S. Undersecretary of the Treasury Malpass to resume trade talks. Talks broke down in June. A delegation of Chinese officials will visit the U.S. late this month for new talks, kindling […] More

Dollar Up, Stocks Listless, and Sovereign Debt Yields Lower as Week Draws to an End

July 13, 2018

The dollar rose overnight by 0.4% against the kiwi and yuan and by 0.2% relative to the euro, loonie, Swiss franc, Aussie dollar and sterling. The dollar dipped 0.2% versus the peso and 0.1% against the yen. The main pieces of economic news out today show A 67% widening of the Chinese global trade surplus […] More

Long-Term Interest Rates Climb Higher

April 16, 2018

Softer sovereign debt prices (higher yields) are the most consistent and significant market development this Monday. The week ahead will feature the semi-annual IMF/World Bank meetings and quarterly earnings reports from many companies. 10-year sovereign debt yields are up four basis points in the U.K. and three bps each in Germany and the United States. […] More

Holidays Dampen Activity… Contrasting Sentiment Continues Around Dollar and Equities

February 16, 2018

Friday saw Lunar New Year market closures in China, which won’t reopen until February 22, Taiwan, Hong Kong, Singapore, Indonesia, South Korea and Malaysia. Moreover, U.S. fixed income markets will shut early ahead of the 3-day Presidents Holiday. Canada will also be closed Monday (Family Day). Equities continue to rebound, climbing 1.2% in Japan, 1.0% […] More

Sterling Falters but Equities Performed Better in the U.K. than Elsewhere

November 13, 2017

British Prime Minister May’s own-party support continues to erode, leaving her with only a flimsy hold on power. The pound dropped 0.8% overnight, and the 10-year gilt yield is four basis points lower. However, whereas stocks in most markets overnight fell, the Ftse shows no net change. Equities declined 300 points or 1.3% in Japan, […] More

Softer Pound

May 11, 2017

Sterling fell 0.4% against the dollar overnight. The ten-year British gilt yield has firmed two basis points, and the Ftse is little changed. The Bank of England left policy unchanged but suggesting greater monetary policy tightening during the forecast period than is implied in market interest rates. Several British economic statistics were reported. Similar to […] More

Markets Calmer than Yesterday

January 13, 2017

After slumping Thursday, the dollar is unchanged today against the yen, Australian dollar, loonie and sterling. The greenback slipped a mere 0.2% against the euro, Swissie and peso since Thursday’s close and is down 0.1% vis-a-vis the yuan and kiwi. The Japanese Nikkei recovered 0.8%. Elsewhere in the Pacific Rim, equities have fallen 0.8% in […] More

Digesting More Data

September 13, 2016

The dollar is holding steady against the euro, Swiss franc and yuan, down 0.5% versus the loonie, but 0.6% stronger against sterling. The dollar has also advanced 0.4% against the yen and Australian dollar and 0.3% vis-a-vis the kiwi. Share prices had recovered in the U.S. yesterday after Governor Brainard of the Federal Reserve made […] More

Possible Game-Changer in the Greek Debt Crisis

July 10, 2015

The latest Greek proposal of reforms for financial support contains a broad range of concessions that go beyond what Greek voters overwhelmingly rejected by referendum.  It includes such areas that were taboo until now such as higher VAT on restaurants, pension reform, labor market reform, and a corporate tax hike.  In return, Greece would get […] More

Stronger Dollar, Weaker Oil Price and a Russian Interest Rate Cut

March 13, 2015

The dollar advanced overnight by 0.9% against the kiwi, 0.6% relative to the Australian dollar, 0.5% versus the Swissie, 0.4% against the euro, loonie and sterling but just 0.1% vis-a-vis the Japanese yen.¬† The yuan is unchanged. West Texas Intermediate oil dropped 0.8% to $46.69 per barrel.¬† Governments by and large had been projected an […] More

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