Japanese retail sales

Volatile Markets This Monday

October 29, 2018

Ahead of the important release of U.S. personal income, personal spending and the PCE price deflator, share prices fell 2.2% in China, 1.5% in South Korea, 0.5% in Hong Kong and 0.2% in Japan but are trading higher by 2.8% in Italy, 2.2% in India, 2.0% in Germany, 1.8% in the U.K., 1.7% in Switzerland, […] More

Dollar Down a Bit, Stocks Go a Little Higher

March 29, 2018

The dollar has slipped 0.4% against the yen, 0.3% relative to the Aussie currency, 0.2% versus the peso, yuan and loonie, and 0.1% vis-a-vis the euro and Swiss franc. The dollar also edged up 0.1% against sterling overnight. British real GDP growth last quarter was confirmed to have risen 0.4%, down from a 0.5% increase […] More

A Week Begins Fraught with Possibility

October 30, 2017

U.S. President Trump has promised to reveal his choice for Fed Chairperson this week before leaving for Asia on Friday. Jerome Powell is perceived to be the likeliest choice. Although presently a member of the Fed Board of Governors, Powell is not an economist by training. Over the past 47-1/2 years, economists have chaired the […] More

Dollar and Fixed Income Security Prices Soften

June 29, 2017

The dollar declined overnight by 0.5% against the peso, 0.4% relative to the Australian currency, 0.3% versus the yuan and sterling, 0.2% vis-a-vis the euro, and 0.1% against the Swiss franc and loonie. The dollar firmed 0.2% against the kiwi and 0.3% versus the yen. Ten-year German bund and British gilt yields jumped five basis […] More

U.S. Restraints on Immigration Rattle Markets

January 30, 2017

Numerous Asian markets from China to South Korea, Taiwan, Singapore, Malaysia, and Hong Kong were closed for the Lunar New Year (of the Rooster). There’s been an uproar over President Trumps executive orders concerning immigration banning visitors from many Islamic countries but conspicuously not Saudi Arabia. Stocks fell 0.5% overnight in Japan, 0.9% in Australia, […] More

A Lot to Ponder in Spite of U.S. and British Holiday Closures

May 30, 2016

U.S. markets will be closed for Memorial Day, the unofficial start of summertime currency trading.  London markets are shut, too, for the late May Bank holiday. At the summit of G7 leaders held in Japan, a mixed agreement was reached not to engage in competitive devaluation but also protesting excessive exchange rate volatility.  Japan’s prime […] More

Dollar Marking Time Ahead of Today’s FOMC Announcement

July 29, 2015

The FOMC policy statement will be released at 18:00 GMT (14:00 EDT).  There is no press conference or release of updated forecasts.  No policy change is expected, but investors are unsure if the statement will provide clarifying information regarding the likelihood of a rate hike at September’s meeting.  I look for vagueness on that regard, […] More

Confusion around Greek Debt Talks and a Big Drop in Chinese Stocks

May 28, 2015

Greek officials are expressing confidence a deal will be struck within three days.  The IMF and other creditors warn that the sides are still far apart.  Greece has been the main topic as G7 finance ministers and central bank chiefs continue to meet in Dresden, Germany. Chinese equities plummeted 6.7%, most in several months.  The […] More

Several Themes Affecting Markets

April 28, 2015

Most European stock markets are lower with a notable exception of Greece.  The Greek debt negotiating team was changed, but Prime Minister Tsipras made remarks that failed to signal enhanced prospects for an agreement.  He implied that any deal involving more austerity may be subject to approval by a referendum of Greek voters, and he […] More

Some Good Economic News for a Change

October 28, 2014

Industrial profits in China reverted to positive on-year growth in September, albeit a gain of only 0.4%.  A 0.6% decline in the year to August was negative for the first time in almost two years. Japanese retail sales increased 2.7% on month in September, three times more than forecast, and posted the largest on-year advance, […] More

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