Japanese GDP

China Leads Overnight Selloff in Stocks

March 8, 2019

Downward pressure on global equities caused by evidence of a slowdown had been building this week but intensified overnight. Share prices in the Pacific Rim plunged 4.4% in China, 2.8% in Hong Kong, 2.0% in Japan, 1.3% in South Korea, 1.2% in Indonesia and Australia, and 1.0% in Singapore. In Europe so far, stocks are […] More

Released Data in the Spotlight

February 14, 2019

Thursday figured to be a day of data watching with the scheduled release of both Euroland and Japanese GDP figures, plus China’s trade balance. But it was much weaker-than-anticipated U.S. retail sales in December that caught the market’s attention, giving greater credence to recent warnings from several economists that U.S. recessionary risks seem to be […] More

Week Opens with A Focus on U.K. and Global Equity Selloff

December 10, 2018

After the European Court of Justice ruled that Britain has the right to unilaterally revoke plans to leave the EU without the permission of other members, British Prime Minister cancelled tomorrow’s scheduled vote on her Brexit plan. She lacks the votes. Several released British data today underscore the huge toll that Brexit and domestic political […] More

Japanese GDP Contracted in 3Q, while Eurozone Growth Slowed in Half

November 14, 2018

Data released this Wednesday confirmed a widening gap between economic growth in the United States on the one hand (3.5% at a seasonally adjusted annualized rate SAAR last quarter) and Japan and Euroland on the other. Japanese real GDP contracted 0.3%, or 1.2% SAAR in 3Q. Personal consumption (-0.5% SAAR), public sector expenditures (-0.9%), and […] More

Difficult Session in Asia but European Markets Are Higher

September 10, 2018

Share prices fell 1.4% in Hong Kong, 1.2% in China and India, 1.1% in Taiwan, 0.7% in New Zealand, and 0.4% in Indonesia and Singapore. The Japanese Nikkei rose only 0.3% despite a significant upward revision of second-quarter GDP growth in that economy. Equities in Europe, by contrast, have advanced in today’s session so far […] More

More Volatile Global Markets as Concern Mounts about Turkey

August 10, 2018

Turkey commands the spotlight of global financial markets this Friday. Talks broke down between the U.S. and Turkey over the latter’s continuing detention of an American evangelical pastor, which has prompted economic sanctions by the United States on an economy already gripped with upward spiraling inflation and a central bank interest rate near 18%. The […] More

Watching Several Situations

May 16, 2018

A weaker-than-expected Japanese GDP report saw negative growth on both a nominal and real basis last quarter. There was additional evidence of less inflation than assumed in Europe, and Australian wage costs data show benign containment. Treasury-compiled capital movements revealed another big U.S. inflow in March. It’s been a busy day for central bank news, […] More

Significant Data Reports

February 14, 2018

Japanese real GDP expanded only 0.5% at a seasonally adjusted annualized rate last quarter, the weakest pace in eight quarters and down from 2.2% in 3Q and 2.5% in 2Q17. GDP still grew faster (1.6%) in 2017 than the prior year’s pace of 0.9%. The GDP price deflator went up merely 0.2% in 2017 and […] More

Strong U.S., Japanese, Chinese, French and Canadian Data Reported and Brexit Talks Take a Step Forward

December 8, 2017

There have been some impressive stock market advances overnight in Asia (Japan 1.4%, Hong Kong 1.7%, Singapore 1.1%, and India 0.9) and Europe (Italy 1.3%, Germany 0.9%, Spain 0.8% and the U.K. 0.7%). The S&P is 0.4% firmer in early U.S. trading. The dollar is closing out the week on a high note, having risen […] More

Dollar and Stocks Continue to Slide

November 15, 2017

Dollar losses overnight amounted to 0.7% against the yen, 0.5% versus the euro, 0.4% vis-a-vis the Swiss franc and kiwi, 0.3% relative to the yuan, 0.2% against the peso and 0.1% versus sterling. The yen touched a 4-week high, and the euro moved back above its January 1999 starting level. Ten-year sovereign debt yields are […] More

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