Japanese retail sales

Weaker Japanese and Chinese Share Prices

March 28, 2013

Equities slumped 3.3% in China on fear of more property market curbs.  Weakness was concentrated in financials.  The decline occurred in spite of data showing a strong 17.2% on-year advance in Chinese corporate earnings. The Japanese Nikkei fell 1.3% on the next to last day before the end of the fiscal year.  Bank of Japan […] More

FOMC Day Among Other Things (Like the First Estimate of 4Q U.S. GDP)

January 30, 2013

The yen fell to its lowest dollar level (91.43) since June 7, 2010 and its weakest quote against the euro (123.89) since May 4, 2010, while the Nikkei-225 closed above 11,000 for the first time since May 5, 2010.  The euro reached its strongest level against the dollar (1.3564) since November 22, 2011. On balance […] More

A Market Dominated by Fiscal Cliff Perceptions

November 29, 2012

Investors want to believe that the full brunt of the U.S. fiscal cliff is going to be somehow averted.  The evidence on that possibility continues to be mixed, but a better appetite for risk today is evident. Chinese share prices, down by a further 0.6% to a four-year low, have been an exception.  However, worries […] More

Storm Front Coming

October 29, 2012

A monster storm will slam into the Northeast of the United States today.  There will be no equity trading in New York City today, and bond markets close at noon.  Wall Street may be under water from the storm surge.  Damages from wind and flooding figure to run into the billions of dollars.  Power outages […] More

Summit Time and the Living Ain’t Easy

June 28, 2012

Another summit of EU leaders has begun in Brussels amid dampened market expectations that anything very constructive will emerge to end the debt and banking crisis.  German officials remain adamant in resisting new initiatives.  Speculation continues that the ECB will cut interest rates next week.  Just in is an announcement from the Czech monetary authorities […] More

More Hopeful Market Mood than Yesterday

February 28, 2012

Equities in the Pacific Rim rose by 1.7% in Hong Kong, 1.6% in India, 1.1% in Indonesia, 1.0% in Thailand, 0.9% in Japan, 0.8% in Singapore and 0.2% in New Zealand, but the Australian bourse dipped 0.1%.  In Europe, the German Dax, Paris Cac and British Ftse have firmed 0.5%, 0.4%, and 0.2%. The dollar […] More

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