Japanese current account

Covid Concerns, U.S. Political Tensions, Disinflation, and Weak Demand

November 10, 2020

Yesterday’s vaccine news spurred a stock market rally, but pandemic prospects remain poor until vaccines and therapeutic treatments are widely available. The public is being warned of a grim winter just ahead. New global Covid cases topped half a million yesterday, including a fresh record U.S. number exceeding 130k. U.S. hospitalizations are hovering near 60k. […] More

The Debate, Central Bank News, and More Data to Digest

October 8, 2020

Any reaction to the single U.S. vice presidential debate last night has already been squashed by just-breaking news regarding the second presidential debate scheduled for October 15th in Miami. The debate commission decided that debate should be held virtually rather than in person inasmuch as President Trump and many of his advisers have Covid, and […] More

Some Sizable Financial Market Moves Overnight

August 11, 2020

The dollar lost 0.4% against the euro, Swiss franc, Australian dollar and Mexican peso. The U.S. currency also fell 0.5% versus the Canadian dollar, 0.3% relative to sterling, 0.2% vis-a-vis the Chinese yuan, and 0.1% against the kiwi but ticked 0.1% higher versus the yen. This time, dollar depreciation wasn’t correlated with a strengthening price […] More

U.S. Covid Data Continues to Draw Close Scrutiny from Financial Markets

July 8, 2020

The number of new U.S. Covid-19 cases identified in the past 24 hours once again surpassed 55,000, and there have been about 1000 related deaths, which is twice the number in the prior day. A number of Fed officials have recently pointed to this worrying development as perhaps foreshadowing a leveling off of economic recovery […] More

Comparatively Steady Dollar to Start Week

February 10, 2020

The dollar is unchanged from Friday closing levels against the yen, Swiss franc, loonie, and kiwi, and it has edged a mere 0.1% lower relative to the euro, Aussie dollar and peso. Bigger drops can be seen of 0.3% versus the yuan and 0.4% relative to sterling. Share prices fell 0.5-0.8% in a number of […] More

More Inflation Data, Japanese Current Account, and Chinese Trade Figures Released

January 14, 2020

Compared to closing levels yesterday, the dollar is unchanged against the yen, peso, and sterling, up 0.3% against the kiwi, 0.2% versus the euro, and 0.1% relative to the Canadian and Australian dollars but down 0.2% against the Swiss franc and 0.1% versus the Chinese yuan. Phase One U.S.-Sino trade pact is reportedly ready to […] More

Stocks Hit by Geopolitical Factors

October 8, 2019

Share prices in Germany, France, Italy, and Spain are down over 1.0%, and a lower U.S. open is implied by futures. Brexit talks between the U.K. and EU are seemingly paralyzed, and the U.S. blacklisting of Chinese tech firms over treatment of Uighur Muslims underscores trade tensions between the the two countries. Share prices in […] More

Better Market Tone as a Few Restraints on China Loosened

August 19, 2019

Share prices on Monday advanced 2.2% in Hong Kong, 2.1% in China, 1.0% in Australia and 0.7% in Japan and Taiwan. Stock¬† markets in several European centers (London, Paris and Frankfurt, for instance) have risen at least 1.0%, and the DOW opened over 300 points higher. Ten-year sovereign debt yields are at least five basis […] More

Equities and Sovereign Debt Yields Up After U.S. Tariff Hikes on Mexico Averted

June 10, 2019

A deal was reached between U.S.¬† and Mexican officials in which Mexican troops will be deployed to contain migrants crossing into the U.S. and President Trump withdrew his threat of escalating tariffs. The success of this deal will be reassessed in 3 months. In market action overnight equities, the price of oil and 10-year sovereign […] More

Dead Cat Bounce

May 14, 2019

The escalation of trade war hostilities between the U.S. and China rattled global financial markets significantly yesterday, but today’s mood has been more encouraging. Share prices in Europe are up so far by 1.2% in France, 1.0% in the U.K. and Italy, and 0.9% in Germany. In Asia, equities fell 1.8% in Hong Kong, which […] More

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