Japanese CPI

NY Fed President Moves Markets Unwittingly

July 19, 2019

John Williams, President of the NY Fed and a permanent member of the FOMC, gave an academic speech asserting that it’s best for central banks to respond quickly in the face of slower economic growth. Investors took his comment as the clearest sign yet that the federal funds rate will be cut at the FOMC […] More

Theresa May Stepping Down as U.K. Prime Minister

May 24, 2019

The effective date of Prime Minister May’s resignation is June 7th. Her decision followed an emphatic parliamentary defeat on her last attempt to secure approval of a managed Brexit and EU parliamentary elections. While the exact result of how British voters cast their ballots will not be known for a while, exit polls point to […] More

Getting Down to Crunch Time in Sino-U.S. Trade Talks

February 22, 2019

Stocks fell Thursday on some disappointing U.S. economic data but have rebounded Friday, as investors are choosing to believe that Sino-U.S. trade talks will reach an agreement averting an escalation of the tariff war.  Share prices rose 1.9% in China, 1.2% in Hong Kong, and 0.5% in Australia, and European bourses are up by 0.5% […] More

Dollar Stages Moderate Rebound

December 21, 2018

Broad dollar gains overnight amount to 0.6% against the kiwi, 0.4% relative to the loonie and euro, 0.3% vis-a-vis the peso, Swiss franc, and yuan, 0.2% versus the Australian dollar and 0.1% relative to sterling. Dollar/yen is unbalanced. In the continuing follies that markets have come to expect from the U.S. government, Defense Secretary Mattis […] More

Investors Remain on Edge

October 19, 2018

China reported the lowest on-year GDP growth (6.5% in 3Q) since the first quarter of 2009. Damning evidence continues to mount that the highest levels of the Saudi government were complicit in the likely death of dissident journalist Khashoggi. U.S. Treasury Secretary Mnuchin upcoming trip to Saudi Arabia was cancelled. Two Fed officials, Governor Quarles […] More

Dollar Down, Stocks Mixed Ahead of Powell’s Speech at Jackson Hole

August 24, 2018

The dollar posted overnight declines of 0.7% against the Aussie currency, 0.5% relative to the Chines yuan, 0.4% against the kiwi, 0.3% vis-a-vis the euro and sterling, 0.2% versus the Mexican peso and Swiss franc and 0.1% relative to the loonie. Share prices in the Pacific Rim rose 0.9% in Japan, 0.5% in South Korea, […] More

Some Price Data and a Discouraging Remark from China

May 18, 2018

The dollar firmed overnight by 0.3% against sterling, 0.2% versus the yuan, yen and euro, and 0.1% relative to the loonie. The greenback fell 0.5% against the kiwi and 0.1% vis-a-vis the Swiss franc and is unchanged relative to the Australian dollar and peso. Share prices in the Pacific Rim climbed 1.2% in China, 0.6% […] More

Ton of Released Data but Tepid Market Reaction

September 29, 2017

Strong dollar gains this week were in most cases not extended on the final business day of September and the quarter. The dollar is down 0.2% against the euro and 0.1% relative to the yuan and Swiss franc. The loonie and peso are unchanged. The dollar rose 0.2% against the New Zealand and Australian dollars, […] More

Market Eyes on Wyoming, Texas and D.C.

August 25, 2017

Speeches by Yellen at 14:00 GMT and Draghi at 19:00 GMT highlight today’s agenda at the central banking summit in Jackson Hole, Wyoming. The big economic mystery is the apparent disconnection between better growth yet continuing subdued global price and wage inflation. The questions surrounding monetary policy are whether the Fed sanctions another rate hike […] More

Tough Session for Stocks and Dollar

July 28, 2017

Equities in the Pacific Rim dropped 1.7% in South Korea, 1.4% in Australia, 1.2% in New Zealand, 0.9% in Hong Kong, 0.8% in Singapore, 0.7% in Singapore and 0.6% in Japan. Stocks in Europe thus far are down 1.3% in France, 1.1% in Italy, 0.9% in Spain, 0.8% in the U.K., and 0.4% in Germany. […] More

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