Indian WPI
Great Relief When U.S. CPI Fails to Exceed Expectations
March 14, 2023
The U.S. consumer price report for February was actually not entirely encouraging. But after a strong of worse-than-expected price news, the 6.0% year-on-year rise of total consumer prices matched expectations and represented the eighth decline in a rose from 6.4% in January and 9.1% last June. That was enough to send U.S. stock futures up […] More
Euroland & Japanese GDP Released Before U.S. Consumer Prices
February 14, 2023
On this significant data release day, investors already have perused fourth-quarter GDP figures for many economies, British labor market statistics, and Swiss and Indian producer prices. Now they await the January U.S. CPI report. In financial market action, the dollar fell overnight by 0.6% against sterling, 0.4% versus the euro, 0.3% relative to the Australian […] More
Inflation Remains the Paramount Market Driver
September 14, 2022
U.S. equities on Tuesday experienced their largest selloff in two years, triggered by a disappoint consumer price report that showed the U.S. core inflation rate jump 0.4 percentage points to 6.3%, food price inflation of 11.4% (most since 1976), and a higher-than-forecast 12-month increase in total CPI inflation of 8.1%. The move out of riskier […] More
Stocks Mixed,Dollar and Oil Price Down at Start of September’s Third Week
September 14, 2020
Equities advanced in the Pacific Rim, slid marginally in Europe, and appear poised to open higher in the United States. The dollar fell overnight by 0.7% against sterling, 0.5% versus the kiwi, 0.3% relative to the peso, euro, and Swiss franc, 0.2% vis-a-vis the yuan and 0.1% against the yen and loonie. The price of […] More
Bunch of Chinese Data Releases to Start the Week
July 15, 2019
Financial market activity was muted as July’s third week got under way. Japan was closed for Marine Day. The dollar is unchanged from Friday closing levels against the yen and euro. The greenback has slipped 0.4% versus the kiwi, 0.2% relative to the Australian dollar and by 0.1% vis-a-vis the yuan, Swiss franc, peso, and […] More
Oil Talks Collapse and a Brazilian Vote to Impeach President Rousseff
April 18, 2016
Oil ministers from OPEC and Non-OPEC producers did not agree to freeze production at January levels. Iran didn’t join the meeting, and Saudi Arabia refused to adopt any accord without Iranian participation. Hopes for an agreement had previously lifted oil by more than 60% from a 12-year low of $26.05 on February 11 to over […] More
European GDP Growth Last Quarter Beats Expectations and Lifts Euro
February 14, 2014
The dollar had depreciated by 0.9% against the Swiss franc, 0.8% relative to the euro, and 0.7% versus sterling. The greenback also lost 0.6% against the yen, 0.7% versus the kiwi, and 0.4% relative to the loonie. There’s been a dip of 0.1% against the Aussie dollar and a 0.1% uptick versus the yuan. The […] More
