Japanese industrial production
Expected U.S. Inflation Moves Up
October 17, 2016
Janet Yellen’s wide-ranging speech before the weekend appears to have lifted price expectations. The Fed Chair seemed to favor letting inflation exceed target temporarily. Share and bond prices, as well as oil are generally softer. So is the dollar, sterling and some emerging market currencies like the Turkish lira. Turkey’s jobless rate jumped 0.5 percentage […] More
End of August
August 31, 2016
Investors are less worried about European growth and more confident the Fed will lift rates soon at the end of the month than they were at the start of August. A lot of data was released on this final trading session of the month. The dollar is down 0.4% against sterling. Britain’s Nationwide house price […] More
Deluge of Politics and Economics at Midyear
June 30, 2016
Today’s Brexit bombshell is that the Leave movement’s leader, Boris Johnson, pulled out of the running to be Britain’s next prime minister and the person to decide when to invoke Article 50 of the Lisbon Treaty, which guides the unprecedented countdown for exiting the European Union. Johnson’s decision presumably will further delay what happens from […] More
Typical Deluge of Data as Another Month Ends
May 31, 2016
Market Highlights: The U.S. dollar dropped 1.1% and 0.9% against the Australian and New Zealand dollars on encouraging economic statistics released today. Against other major currencies, the U. S. dollar is narrowly mixed but poised to record a very strong monthly advance. The Shanghai Composite index of Chinese share prices leaped 3.3%. The cause was […] More
Several Developments Including a New Brexit Poll
May 17, 2016
According to a new British opinion poll that surveyed about 800 people by phone, the margin of people favoring continuing membership in the European Union versus leaving that group has doubled to about 15 percentage points with 55% want to stay and 40% now in support of leaving. Sterling is 0.6% firmer against the dollar […] More
Profit-Taking Friday
April 15, 2016
Investors were in a more sober mood at week’s end. The dollar fell back 1.0% against the kiwi, 0.7% relative to the won, 0.5% versus the yen, 0.3% vis-a-vis the Aussie dollar and sterling, and 0.2% against the euro. The loonie and yuan are unchanged. Share prices in Europe are down 0.8% in Switzerland, 0.6% […] More
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
