industrial production
Guessing Games Grip Investors
October 10, 2023
Once upon a time, central bankers felt free to change policy at any time, and even after pre-scheduled meetings, some like the Federal Reserve disclosed policy decisions only after a very extensive time lapse. But as theories about price inflation have evolved, the role of expected inflation as a major determinant of future inflation has […] More
A Shift from Fixed Income Assets Into Stocks
September 14, 2018
The second week of September came and went without the feared announcement of much higher U.S. tariffs. Even though that danger remains looking ahead, there’s been a return ot riskier assets. Share prices in the Pacific Rim rose 1.2% in Japan today, 1.0% in Hong Kong and Singapore, 1.3% in Indonesia and Taiwan, and 1.4% […] More
More Volatile Global Markets as Concern Mounts about Turkey
August 10, 2018
Turkey commands the spotlight of global financial markets this Friday. Talks broke down between the U.S. and Turkey over the latter’s continuing detention of an American evangelical pastor, which has prompted economic sanctions by the United States on an economy already gripped with upward spiraling inflation and a central bank interest rate near 18%. The […] More
Dollar Eases a Tad In Spite of Divergent Reported Data
July 16, 2018
The dollar declined 0.6% against the peso, 0.4% versus the Swiss franc, 0.2% relative to the euro, kiwi, loonie and sterling, and 0.1% vis-a-vis the yuan and Australian dollar. With Japanese markets closed for Marine Day, the dollar remained unchanged against the yen. Stocks in the Pacific Rim declined 0.9% in Singapore, 0.7% in Indonesia, […] More
U.S. Jobs Day, G-20 Summit Begins, and BOJ Policy Becomes More Differentiated
July 7, 2017
Investors await the monthly U.S. Labor Dept jobs data due at 12:30 GMT. In the meantime, industrial production figures were released for Germany, France, Great Britain, Spain, Denmark, and the Czech Republic. Other data releases of interest have been Japanese and Chinese reserves, Japan’s index of leading economic indicators, the French current account, and British […] More
Weak Data Fuels Further Selling Pressure on Oil and Equities
October 10, 2014
Equities sold off further in Asia and Europe. The dollar is mostly higher. Many in the U.S. are observing a 3-day weekend for the Columbus Day holiday. WTI oil dropped more than 1% to $84.55. Gold is 0.2% softer. 10-year gilt yields are five basis points lower. 10-year sovereign debt yields remain below 1.0% in […] More
Share Price Plunge Continued Ahead of U.S. Jobs Report
August 5, 2011
Equities plummeted 5.6% in Taiwan, 4.9% in Indonesia, 4.3% in Hong Kong, 4.0% in Australia and Pakistan, 3.7% in Japan, 3.6% in South Korea and Singapore, 3.0% in New Zealand, 2.7% in Thailand, 2.2% in India, and 2.1% in China. In Europe, the British Ftse and German Dax have so far lost 2.5% and 2.3%. […] More
Bond Yields Rocket Upward
December 8, 2010
Ten-year sovereign debt yields advanced overnight by a further 7,6, and 4 basis points in Japan, Britain and Germany. 10-year Treasuries are signaled up 5 bps. Since Bernanke mentioned the likelihood of QE2 in late August, yields have advanced 79 bps in Germany, 63 bps in Britain, 57 bps in the United States and 24 […] More
An Unscheduled Press Conference in Japan
August 12, 2010
There’s been lots of attention on the yen after such touched a 15-year high of 84.75/USD on Wednesday. A Bank of Japan official confirmed the central bank had been checking market yen rates earlier today and warned that disorderly movements could hurt Japan’s economy. At an unscheduled press conference, Finance Minister Noda stuck to the […] More
Mixed U.S. Dollar Ahead of ECB Press Conference
July 8, 2010
Against commodity-sensitive currencies, the dollar has lost 1.0% versus the Aussie dollar, 0.5% against the kiwi, and 0.2% relative to the loonie. The dollar has on the other hand risen 0.5% against the yen, 0.4% against sterling and 0.1% vis-a-vis the Swiss franc. EUR/USD is steady. Stocks in the Pacific Rim advanced by 2.4% in […] More
