Japanese industrial production

Chinese Central Bank Reserve Requirement Cut on Leap Year Day

February 29, 2016

The People’s Bank of China lopped another 50 basis points off its deposit reserve requirement ratio to 17.0%.  Five reductions in 2015 had reduced such to 17.5% from 20.0%, but the fifth of these was done five months ago in late October.  This kind of stimulus risks exposing the yuan to greater selling pressure. The […] More

Month Ending with Usual Flurry of Data Reports

November 30, 2015

Overnight dollar movement ranges from declines of 0.9% against the kiwi, 0.6% versus the Aussie dollar, 0.2% relative to the loonie and 0.1% vis-a-vis the Swiss franc to rises of 0.5% against sterling and 0.2% versus the yen and euro. The DJIA has dipped 0.2% so far.  The Ftse is off 0.1%, but the German […] More

Less Risk Aversion than Yesterday

October 15, 2015

Share prices recovered 2.4% in China, 2.1% in Hong Kong, 1.2% in Japan and South Korea, 1.1% in New Zealand and Singapore, 0.9% in India and Taiwan, and 0.% in Australia.  Equities have risen in Europe so far today by 1.7% in Germany and Italy, 1.4% in France, 1.1% in Greece, 0.6% in Spain and […] More

Torrential Data and Continuing High Market Volatility

September 30, 2015

Considerable economic data were released on this final day of the third quarter. Markets await speeches from Fed Chair Janet Yellen and New York Fed District President Dudley.  Share prices rebounded 2.1% in Australia, 1.9% in Hong Kong, 1.5% in India, 1.1% in Indonesia, 2.7% in Japan, 1.0% in South Korea and 0.8% in China. […] More

Lots of Data and Another Drop in China’s Stockmarket

July 30, 2015

The dollar rose overnight by 1.0% against the kiwi, 0.4% versus the yen, Swissie and Australian dollar, and 0.2% relative to the loonie, euro and sterling.  The yuan continues to be held steady, but Chinese stocks slumped 2-3%. in other Pacific Basin markets, equities dropped 1.1% in Singapore, 0.9% in South Korea and 0.6% in […] More

Cornucopia of Data and Central Bank Announcements as April Draws to an End

April 30, 2015

Japan’s Nikkei slumped 2.7% following yesterday’s very weak U.S. GDP followed by an FOMC statement that kept the possibility of a June rate hike alive.  Share prices also fell in Hong Kong, China, Taiwan, South Korea, India, and Indonesia.  In Europe, where Moody’s cut Greece’s credit rating further, equities are narrowly mixed. The dollar advanced […] More

A Drop in Commodity Prices

March 30, 2015

There’s been a decline in oil and metal prices to start the bridging week between the first and second quarters of 2015.  WTI oil lost 1.9% to $47.96, and Comex gold is 1.1% lower at $1,187.20 per ounce. Stocks and the dollar, on the other hand, have strengthened. The bid tone in share prices was […] More

Europe Gets Better News on Inflation

February 27, 2015

Increasing domestic political rumbling in Greece sent share prices there down 4.1% and lifted the 10-year government bond yield by six basis points.  The parliament in Germany approved the recent agreement to extend the bailout aid timetable by four months. The dollar is mostly softer, with overnight losses of 0.5% against the Swiss franc, 0.4% […] More

Heavier Flow of Data Releases

November 13, 2014

The dollar is narrowly mixed.  Equities fell 1.4% in Australia, 0.6% in China, 0.5% in New Zealand and 0.3% in South Korea but climbed 1.1% in Japan and 0.7% in Singapore and Taiwan.  In Europe, stocks are down 0.6% in Italy and 0.4% in Spain but up 0.5% in Germany and Switzerland and 0.1% in […] More

Hong Kong Upheaval and Quarter-End Deluge of Data

September 30, 2014

The euro touched a new low of $1.2571 overnight on this final day of the third quarter, down from $1.3693 at midyear.  Overnight net rises in the dollar amount to 0.7% against the euro and Swiss franc, 0.3% versus the yen and sterling, 0.2% relative to the loonie and 0.1% against the Australian and New […] More