Japanese current account

Chinese Equities Rose Nearly 5% Today

August 10, 2015

The Shanghai Composite Index’s 4.9% advance on Monday was powered by merger speculation and set a positive tone for share prices elsewhere.  Stocks climbed 0.6% in Australia and Hong Kong, 0.4% in Japan, and so far have advanced by 2.3% in Greece, 1.1% in Spain, 0.8% in Italy, 0.7% in Switzerland and 0.6% in Germany […] More

Another Ultimatum in the Continuing Greek Standoff

July 8, 2015

Eurozone political leaders set this coming Sunday, July 12, as a final deadline for settling the Greek situation one way or another.  By then, the Greek government must submit their plan of fiscal reforms, and EU leaders will decide if such can be accepted.  Political events such as this game of high brinksmanship are very […] More

A Weaker Dollar

April 8, 2015

The U.S. currency fell overnight by 1.2% against the kiwi, 1.1% relative to the Australian dollar, 0.8% vis-a-vis the loonie, 0.6% versus the Swiss franc, 0.5% against the euro, and 0.4% versus the yen.  The yuan is 0.1% softer. Share prices advanced 3.8% in Hong Kong, 0.8% in in Japan and China, 0.7% in India, […] More

Chinese, Japanese and German Trade Data Reveal Surprises

March 9, 2015

The risk-off trading environment that ensued after U.S. labor statistics were released Friday has continued. Share prices fell 2.1% in India, 1.3% in Indonesia and Australia, 1.0% in Japan and South Korea, and 0.9% in Taiwan.  The Chinese market’s 1.7% rise was an exception, reflecting hints the Premier Li that more stimulus in 2015 is […] More

Markets Watching Greece and China Anxiously

February 9, 2015

Who’s going to flinch first in the standoff over Greek debt.  Prime Minister Tsipras and his finance minister Varoufakis spoke more emphatically about a break with austerity.  The prime minister reaffirmed his campaign promises to boost the minimum wage.  Greece’s creditors continue to insist that there can be no watering-down of Greece’s debt obligations.  Greek […] More

Spotlight on Japan and APEC Meetings

November 11, 2014

Dollar/yen hit a new high for the move of 116.12 and shows a net overnight advance of 0.9%.  The yen also touched a low of 144.02 per euro. The Japanese Nikkei gained 2.1%, supplanting 17K to 17,124.  The ten-year Japanese JGB yield rose four basis points to 0.48%.  Greater optimism toward Japan’s outlook has followed […] More

Concern about World Growth and Fed Tightening Still Weighing on Stocks

October 8, 2014

Equities in the Pacific Rim closed down 1.2% in Japan, 1.5% in Indonesia, 1.0% in Taiwan, 0.7% in Hong Kong and 0.8% in Australia.  The reopened Chinese market after a week’s closure rose 1.1%, but that’s the exception.  Stocks in Europe are down by 0.9% in Switzerland, 0.8% in Germany, 0.7% in France, 0.6% in […] More

A Mixed Bag of Data Leaves Dollar Little Changed

July 8, 2014

The dollar edged up 0.1% against the euro and Swiss franc but has slipped by 0.3% versus the Australian and New Zealand dollars, 0.2% vis-a-vis the yen and 0.1% relative to the loonie.  Sterling and the yuan are steady. Stocks are mostly lower, with drops of 2.0% in India, 1.2% in Italy, 0.7% in Spain, […] More

Asian Equities Rally on Heightened Hopes of Chinese and ECB Support

May 12, 2014

Stocks in the Pacific Rim advanced by 2.4% in Indonesia, 2.2% in China, and 1.8% in Hong Kong.  Japan’s Nikkei slipped 0.4%, but share prices in Europe are up 0.8% in Germany and Italy, 0.4% in Spain, 0.3% in Britain, and 0.2% in Switzerland. Draghi’s press conference remark on Thursday that the Council is comfortable […] More

Several Japanese Indicators Released but Little Currency Movement this Monday

February 10, 2014

The dollar is unchanged against the euro, Swissie and loonie, up 0.4% against the Australian and New Zealand dollars, up 0.1% versus sterling and down 0.1% relative to the yuan and yen.  Emerging market currencies slid to start the week, including depreciations of 0.6% in the rand and 1.0% in Hungary’s forint. Share prices leaped […] More