Japanese all-industry index

Difficult Talks with Greece as Time Begins to Run Out

April 24, 2015

The spotlight today is on a meeting of eurozone finance ministers, trying to secure a debt agreement with Greece.  The tentative deal back in February was contingent upon Greece undertaking reforms but the end of April.  Well here we are, with scant reforms, and Greek officials wanting aid first and then reforms to follow, but […] More

Weaker Yen and European Stocks, Stronger Asian Equities, and Firmer Oil

December 19, 2014

A volatile week in the marketplace has seen more swings on Friday, but dollar movement against the majors has been less than 0.3% except for a 0.4% drop in the yen. Share prices in the Pacific Basin advanced by 2.5% in Australia, 2.4% in Japan, 1.7% in South Korea, 1.3% in Hong Kong, 1.1% in […] More

Senate Vote Fall Short of 60 Needed to Approve Keystone XL Oil Pipeline

November 19, 2014

The dollar advanced overnight by 1.0% against the Australian dollar, 0.8% versus the kiwi, 0.7% relative to the yen, and 0.4% vis-a-vis the loonie.  The dollar is unchanged against the yuan and down 0.2% relative to sterling and 0.1% against the euro and Swissie. Equities in the Pacific Rim rose 1.2% in Taiwan, 0.6% in […] More

All Quiet on the Scottish Front

September 19, 2014

The referendum on Scottish independence was defeated by a 55-45% vote and in 28 of 32 constituencies.  In relief, the British Ftse has risen 0.7%.  Equities advanced 1.6% in Japan, 0.7% in China, 0.6% in Hong Kong, 0.5% in New Zealand, 0.4% in Indonesia and 0.3% in South Korea and Australia.  The German Dax and […] More

Less Risk Aversion

July 22, 2014

Now that Ukraine rebels are handing over the bodies of Flight 17 victims, investors are less fearful about an escalating cold war between Russia and Western powers. Share prices climbed 1.7% in Hong Kong and India, 1.2% in China, 0.8% in Japan, 0.6% in Taiwan, 0.5% in South Korea and 0.1% in New Zealand, Australia […] More

Weaker Australian and New Zealand Dollars

May 20, 2014

The U.S. currency is 0.7% stronger against the Aussie dollar and up 0.5% relative to the kiwi.  The U.S. dollar otherwise is unchanged against the Swiss franc and Chinese yuan, 0.1% firmer verus the loonie and euro and 0.1% softer against the yen and sterling. Share prices fell 2.4% in Indonesia, 1.1% in Thailand where […] More

Difficulties for Emerging Market Currencies Despite Lower Chinese Money Market Rates

February 19, 2014

Bloody street unrest with deaths reported in the Ukraine and Thailand have generated selling pressure on a wide spectrum of emerging market currencies overnight, including the hryvnia, baht, rand, ruble, forint, zloty, and koruna. Investors await FOMC minutes due at 19:00 GMT today and in the meantime are perusing an unexpected rise in the British […] More

Beyond the Taper

December 19, 2013

In the wake of yesterday’s Federal Reserve “taper” initiative, the dollar is higher, the yen is softer, 10-year sovereign debt yields are up, U.S. share prices are holding onto most of their gains, European stocks have rallied, and perhaps most dramatically of all, gold has plunged another 3.3% and is below $1200 per ounce. New […] More

New Zealand and Australian Central Banks in Spotlight

August 20, 2013

Central bank remarks, concerns about China, and softer commodities weighed on the kiwi and Aussie dollar, which respectively fell by 1.0% and 0.5% against their U.S. counterpart. Governor Wheeler of the Reserve Bank of New Zealand announced planned bank lending curbs to rein in house price inflation to be used in lieu of a hike […] More

Equities Closing Week on a Down Note

July 19, 2013

Microsoft and Google reported weaker-than-expected earnings, sending both stocks lower in after-hours trading. Japan’s upper house election on Sunday and ongoing worries about the extent of China’s slowdown are other uncertainties. In his reprised testimony before the senate Thursday, Fed Chairman Bernanke continued to send a mixed, and therefore somewhat confusing, message.  While not backing […] More