Japanese machinery orders

Post-G7 Market Reaction Suppressed ahead of Tomorrow’s Kim-Trump Meeting and Several Key Central Bank Policy Reviews Later this Week

June 11, 2018

The annual summit of Group of Seven leaders over the weekend went poorly (see my review), but share prices mostly rose today in Asia and Europe. Stocks advanced 0.8% in South Korea, 0.5% in Japan, 0.4% in New Zealand, 0.3% in Hong Kong, 0.2% in Singapore, and 0.1% in India but slipped 0.5% in China […] More

Little Change Overnight in Most Dollar Forex Values

May 17, 2018

Against other major currencies, the dollar is unchanged against the loonie and yuan, up 0.1% relative to the euro, Swiss franc and kiwi, up 0.3% versus the yen, but down by 0.1% against the Australian dollar and sterling. Bigger dollar moves have occurred against emerging market currencies. The greenback dropped 0.3% against the Indonesian rupiah […] More

Down Day for Stocks and Dollar

April 11, 2018

Military conflict between U.S. and Russian forces in Syria appears at hand. Trump is promising missile strikes, and Russia claims to have the ability to knock them out of the sky before targets are hit. Investors are uneasy that these hostilities will escalate further. U.S. consumer price inflation accelerated further in March in spite of […] More

Pause in the Action

January 17, 2018

Stocks show a calmer, healthier tone overnight¬†following Tuesday’s roller-coaster ride that saw the DOW initially soar over 200 points and break above 26K to 26,086 but ultimately crash to a 10-point loss on the day. Share prices eased just 0.5% in Australia, 0.4% in Japan, 0.3% in South Korea and Singapore but firm 0.2% in […] More

Dollar Slips and Stocks Rise Ahead of Last FOMC Decision of the Yellen Era

December 13, 2017

The dollar fell overnight by 0.7% against the kiwi, 0.6% versus the Aussie dollar, 0.4% relative to sterling, 0.3% vis-a-vis the yen and 0.1% against the euro, Swiss franc and loonie. Core U.S. CPI inflation in November was 0.1 percentage point less than forecast with a rise of 0.1% from October and a 1.7% 12-month […] More

Quiet Start to Wednesday

October 11, 2017

The dollar is marginally softer, with overnight dips of 0.3% against the peso, 0.2% versus the yen and Aussie dollar and 0.1% vis-a-vis the euro and Swiss franc. The dollar also rose 0.4% against the yuan and 0.1% relative to sterling but is flat against the loonie and kiwi. Tensions over Spain’s political situation eased […] More

Some Good News on This September 11th

September 11, 2017

Today is the 16th anniversary of the terrorist attacks on the World Trade Center and Pentagon that killed thousands, but there has so far been no follow-up acts of violence. On the contrary, North Korea failed to test another missile over the weekend, and property damages in Florida have apparently been less than half the […] More

Share Prices Falling

June 12, 2017

There has been a large backlash against populist and extremist politics in both France and Italy over the weekend. In the first round of French parliamentary elections, President Macron’s LREM Alliance appears likely to secure about three-fourths of the seats, the highest percentage for a ruling party in over fifty years. Turnout was marginally lower […] More

Cheaper Dollar as U.S. Political Surprises Mount

May 17, 2017

The dollar fell overnight by 0.7% against the yen, 0.4% relative to the euro, Swiss franc and sterling, and 0.1% versus the kiwi. The dollar alternatively rose 0.4% against the peso, 0.3% versus the Aussie dollar, ad 0.2% relative to the loonie. Ten year German bund and British gilt yields are two basis points lower, […] More

Several Disinflationary Signs Around the World

April 12, 2017

Chinese consumer prices fell 0.3% on month in March and ¬†remained below a 1% 12-month trend at 0.9%. PPI inflation settled back to a 2-month low of 7.6%. U.S. import prices posted a monthly drop (0.3%) for only the third time in the past year and a smaller on-year advance of 4.2%. Non-fuel import price […] More

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