Japanese GDP

Investor Hope Sustained into New Week

August 15, 2016

Like last week, markets continue to interpret weak economic data in the positive light that central banks and fiscal authorities will respond with aggressive macroeconomic stimulus that keeps long term interest rates low and commodities and equities buoyant. The major data report overnight was preliminary Japanese GDP in the second quarter, which rose in volume […] More

Japanese GDP Growth in 4Q Beat Expectations. Ezone Inflation Negative. Awaiting FOMC Minutes

May 18, 2016

The dollar strengthened overnight by 0.7% against the Australian dollar, 0.5% relative to the kiwi and loonie, 0.4% vis-a-vis the euro, 0.3% against the yen 0.2% versus the yuan and 0.1% relative to sterling. Gold lost 0.3% to $1,273.30 per ounce, and copper fell even more sharply.  West Texas Intermediate crude oil firmed 0.3% to […] More

Dismal Economic Data Depressed Sovereign Debt Yields

March 8, 2016

Ten-year sovereign debt yields fell overnight by ten basis points in the U.K., four bps in Japan, three bps in Germany, and six bps in U.S. Treasury futures.  The 10-year Japanese JGB touched a record low of -0.10%. A second estimate of fourth-quarter real GDP was released for both the eurozone and Japan.  Euroland’s growth […] More

Several Points of Keen Interest Despite U.S. Presidents Day Market Closure

February 15, 2016

A 1.2% increase in the Chinese yuan against the dollar was its biggest daily advance since a 2% revaluation engineered in July 2005. People’s Bank of China Governor Zhou made upbeat remarks about the yuan and China’s economy and balance of payments. The cause of U.S. Supreme Court Justice Scalia’s death was ruled a heart […] More

Data Surprises Prompt Risk-Off Action

December 8, 2015

Share prices plunged 1.9% in China, 1.4% in Hong Kong, 1.3% in Taiwan and Indonesia, 1.0% in Japan and 0.9% in Australia.  The sour mood extended into Europe, where stocks so far have lost 4.3% in Greece, 2.2% in Italy, 2.1% in Spain, 1.6% in France, 1.7% in Germany and 0.6% in the United Kingdom. […] More

Dollar Calm All Things Considered

November 16, 2015

In the wake of the Jihadist attacks in Paris Friday night, the dollar has risen 0.1% against the euro, 0.3% versus the yen and Aussie dollar, and 0.2% relative to sterling.  The Swissie and yuan edged up 0.1% against the dollar.  The kiwi is 0.8% weaker. Share prices fell 1.5% in South Korea, 1.8% in […] More

Several Data Releases and a Mix of Market Responses

September 8, 2015

The unofficial post-summer currency market trading season began today and finds the dollar unchanged against the euro, dow 0.8% against the Australian dollar, 0.6% relative to sterling and 0.5% versus the kiwi but up by 0.5% relative to the yen and loonie and 0.2% vis-a-vis the yuan and Swiss franc. While the Japanese Nikkei plunged […] More

Japanese GDP and FOMC Minutes

May 20, 2015

Japanese first-quarter real GDP growth of 2.4% at an annualized rate (SAAR) was the second increase in a row, the best quarter since 1Q14, and faster than street expectations of 1.5%.  Growth last quarter was powered by stronger-than-predicted personal consumption (1.4%) and inventory building that augmented GDP growth by 2.0 percentage points (ppts).  Net exports […] 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

Japanese GDP, Greek Debt Negotiations, and Holiday Closures in North America

February 16, 2015

The 2.2% annualized rise of Japanese real GDP last quarter merely reversed the third-quarter drop and left its level almost 7% lower than in the first quarter.  Real GDP for the year was flat compared to the average 2013 level, and the GDP price deflator’s 2014 increase of 1.6% was only half the size of […] More

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