Japanese corporate service prices

Stocks Up, and Peso Recovery Extended

June 26, 2017

Equities began the final week of the second quarter mostly on a rising note, with gains of 1.3% in Taiwan, 0.9% in China and Hong Kong, 0.6% in New Zealand, 0.4% in South Korea and 0.1% in Japan and Australia. Several markets were shut for the end of Ramadan. Share prices in Europe have advanced […] More

Dollar Buoyancy Especially Against the Kiwi

September 25, 2014

The New Zealand dollar (a.k.a. the kiwi) plunged 1.6% overnight to a one-year low of $0.7944 against the U.S. currency, as RBNZ Governor Wheeler elaborated upon his recent claim that the current kiwi level is “unjustified and unsustainable.”  The Australian dollar lost as much as 1.0% to USD 0.8791, a 7-month low, as a top […] More

Fresh Worries about Iraq and Ukraine

June 25, 2014

  Risk-off psychology staged a return.  Stock prices and sovereign debt yields are lower.  So are emerging market currencies like the Indonesian rupiah.  However, the dollar is generally steady, and oil and gold prices are higher. Sunni rebels control more of Iraq territory. The cease-fire in Ukraine was violated by pro-Soviet rebels. U.S. 1Q GDP […] More

Little Change in the Dollar Ahead of U.S. Data

May 27, 2014

The dollar was narrowly mixed overnight, with gains of 0.2% against the yuan and 0.1% relative to the kiwi, Swissie and sterling, no change versus the yen and euro and dips of 0.2% vis-a-vis the Australia and dollar and 0.1% relative to the Canadian dollar. There is a busy U.S. data release calendar this Tuesday, […] More

Quiet start to Last Week of August

August 26, 2013

A narrowly mixed dollar shows gains of 0.2% against the loonie and Swiss franc and 0.1% versus the euro and Aussie dollar, no change relative to the yuan, and declines of 0.3% relative to the kiwi and 0.1% against the yen and sterling. The 10-year Japanese JGB and German bund yields dipped a basis point […] More

Christmas Break

December 25, 2012

Financial markets are closed today throughout Europe and in the United States, Canada, Australia and New Zealand.  The most notable exception was Japan, which opened after a three-day weekend observing the Emperor’s birthday.  Many places will stay shut for Boxing Day tomorrow, such as Britain, Hong Kong, Australia, Canada, Greece and Italy. In Japan, an […] More

Spanish Glue

June 26, 2012

Spain’s problems look increasingly sticky.  Moody’s downgraded the rating of 28 Spanish banks, and Spanish T-bill auction results produced worse results on dampened expectations of a productive EU summit at the end of this week.  The 2.36% yield on the 3-month paper sold by the government was 1.5 percentage points higher than at the May […] More

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