Japanese industrial production

Stock Markets and Bitcoin Rise in First Post-Xmas Trading; Dollar Weak but Steady

December 28, 2020

After threatening not to sign the $900 billion U.S. pandemic relief package that extends extra jobless benefits and continues the half on shelter evictions, President Trump did sign the bill over the weekend. A possible federal government shutdown has been averted. Markets remain closed today (Boxing Day) in the U.K., Australia, New Zealand and Canada. […] More

Lots of Monthend Data, Fresh Covid Records, Disappointing Tech Earnings, and Home Stretch of the U.S. Election Campaign

October 30, 2020

Almost 600,000 new Covid cases worldwide have been identified in the past day, and the U.S. count exceeded 90,000 for the day and more than 9 million since the first case was reported. U.S. stock futures are down about 1% after several high tech firms reported weaker-than-forecast earnings for 3Q. Share prices in the Pacific […] More

Marginally Softer Dollar

October 14, 2020

The U.S. dollar edged down overnight by 0.3% against sterling, 0.2% relative to the Australian and New Zealand dollars, and 0.1% versus the yuan, Swiss franc and yen, while holding steady vis-a-vis the euro and loonie. The dollar price of gold firmed 0.5%. Stock markets in the Pacific Rim rose 0.9% in Indonesia, 0.7% in […] More

Weak Data, More Coronavirus Cases, and Concern Over Trump’s Wish to Delay November’s Election

July 31, 2020

In spite of overnight dollar gains of 0.5% against the Swiss franc, Mexican peso, and New Zealand dollar and a rise of 0.2% relative to the yen and Australian dollar, the U.S. currency suffered through July and seems likely to post its biggest trade-weighted loss in almost ten years. Compared to Thursday’s close, the dollar […] More

Another Downturn in Stock Prices

March 31, 2020

Asian equities had a decent session with gains of 3.6% in India, 2.7% in Singapore, 2.2% in South Korea and 1.9% in Hong Kong, but Japan’s Nikkei closed down 0.9%. Conditions worsened in Europe, with equity market drops so far of 1.4% in France, 0.9% in Germany and 0.4% in France, and U.S. futures also […] More

Picking Apart the Pieces of Monday’s Rout

March 17, 2020

Stocks overnight did not fall as steeply as such had Monday in the United States. In the Pacific Rim, share prices fell 2.5% in South Korea, 2.9% in Taiwan, 5.0% in Indonesia, 2.3% in India, 1.7% in Singapore but just 0.3% in China. Equities rebounded 5.8% in Australia and 0.1% in Japan. European markets show […] More

Share Prices Tumble in Tandem with Proliferating Coronavirus Cases

February 28, 2020

Stock markets tumbled 3.7% in Japan and China, 3.6% in India, 3.3% in South Korea, 3.3% in Australia, 2.4% in Hong Kong and 3.2% in Singapore. Declines today in Europe so far exceed 2.5% in the U.K., Germany, France, Switzerland and Italy. Spain’s drop is almost there at 2.3%. 10-year sovereign debt yields plumbed deeper […] More

Soft Economic Data and China Balking on a Long-Term Trade Deal

October 31, 2019

Equity markets today are down 1.1% in India, 0.9% in the U.K., and 0.4% in China and Australia. 10-year sovereign debt yields also reflect a more cautious investor mood. Canada’s 10-year yield tumbled 15 basis points on Wednesday. Today, the 10-year German bund and British gilt yields are down 5 bps, and the U.S. Treasury […] More

Busy Session on Last Business Day of August

August 30, 2019

A heap of economic data have been released, but also the following important geopolitical developments have occurred. A Scottish judge denied a court challenge to block Prime Minister Johnson’s plan to suspend parliament for a couple of weeks and thereby prevent parliament from organizing to prevent a hard Brexit if no deal can be reached. […] More

U.S.-Sino Trade Relations Remains at Center Stage

August 15, 2019

The trade war between China and the United States rumbles on. While scheduled U.S. tariff hikes have been delayed to December, Beijing officials are not inclined to give the Trump Administration what it seeks and instead are preparing to retaliate in kind. A senior officials at the Reserve Bank of Australia expressed reservations about the […] More

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