Japanese current account

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

Equity Sell-Off Continues

January 14, 2014

In Japan, whose market was closed Monday for Coming of Age Day, the Nikkei-225 slumped 490 points or 3.1%.  Equities in Europe are down 0.5% in Germany, 0.4% in Spain and France, 0.3% in Italy and 0.2% in Britain.  Other Pacific Rim stock markets recorded losses of 1.5% in Australia, 0.7% in New Zealand, 0.4% […] More

Depressed Yen

November 11, 2013

The yen at 99.20 is 1.0% weaker than the dollar, which otherwise shows dips of 0.2% against the Swiss franc and euro and 0.1% versus the kiwi.  The dollar is up 0.2% relative to the Australian dollar and 0.1% vis-a-vis sterling but unchanged against the loonie and yuan. Stocks overnight rose 1.4% in Hong Kong […] More

Firmer Australian Dollar after Data

October 8, 2013

The Australian dollar advanced 0.5% against its U.S. counterpart, buoyed by upbeat Aussie data showing a 1.1% jump in September job ads, a 31-month high in business confidence, and a 4-month high in business conditions.  Prospects for further monetary relief are fading in Australia. There’s no sign of any progress toward a U.S. budget deal, […] More

Some Discouraging Data at Week’s End

January 11, 2013

Japan reported a JPY 222 billion unadjusted current account deficit for November and a 4.2% on-year decline in exports.  There was a customs clearance trade deficit of JPY 751 billion in the first twenty days of December.  The seasonally adjusted current account surplus was 45% smaller at JPY 226 billion in November than October’s surplus. […] More

Gloomy Report from IMF

October 9, 2012

A new World Economic Outlook with downwardly revised growth forecasts was released by the IMF.  Projected global growth in 2012 and 2013 was revised to 3.3% and 3.6% from estimates made in July of 3.5% and 3.9%.  The euro area will contract 0.4% in 2012 and rebound just 0.2% in 2013 (the latter being trimmed […] More

European Equities and Euro Turn Lower

August 8, 2012

The euro and Swiss franc that shadows it are each 0.3% weaker against the dollar, which otherwise has lost 0.4% versus the yen, 0.2% relative to sterling and 0.1% against the Australian dollar and yuan.  The greenback has edged 0.1% higher against the kiwi. Stock prices are down 1.5% in Spain, 0.5% in Britain and […] More