Japanese small business sentiment

Brexit Dye is Cast

March 29, 2017

British Prime Minister has signed a letter informing EU governments that Article 50 is being invoked today. This starts a 2-year period of negotiations on the terms for the U.K. leaving the European Union, which will happen on March 29, 2019. Sterling is down just 0.1% against the dollar. The Ftse has lost 0.2% today, […] More

Japanese and U.S. Data Dominate Tuesday News

December 27, 2016

Core Japanese consumer price inflation remained at -0.4% in November, but Tokyo’s core rate of deflation was -0.6% in December, a new extreme for 2016. Energy price deflation is lessening, but overall price data are not responding commensurately. The Japanese jobless rate edged up 0.1 percentage point to 3.1% in November. Employment grew 1.1% on […] More

Oil and European Share Prices Show Firmer Tone

September 28, 2016

This has been another day with comparatively few releases of economic data — mostly some sentiment measures. Japanese small business sentiment recovered 1.4 points to a 2-month high of 47.7 in September but remains mired below the 50 threshold. Consumer confidence in China according to the Westpac gauge rebounded 3.7 points to a 3-month high […] More

Sentiment Up Ahead of FOMC on Japanese Fiscal Indication and Apple’s 2Q Earnings

July 27, 2016

The FOMC will release a policy statement at 14:00 EDT (18:00 GMT). ¬†No rate hike is expected. Japanese Prime Minister Abe quantified the coming fiscal stimulus at a greater-than-expected JPY 28 trillion, or roughly $265 billion. ¬†However, it seems that only about half the total will involve “real money,” that is actual government deficit spending. […] More

Markets in Helter Skelter Mode as Trump Wins Big and Oil Drops 3.3%

February 24, 2016

Donald Trump captured the Republican caucus in Nevada with 45.9% of the vote to Rubio’s 23.9% and Cruz’ 21.4% third place showing.  With neither Rubio nor Cruz inclined to drop out, Trump’s bid for the nomination looks unstopable.  Following Tuesday’s difficult day for U.S. stocks, share prices in Europe are registering their worst day since […] More

Continuing Financial Market Volatility on this FOMC Decision Day

January 27, 2016

The FOMC will release a U.S. monetary policy statement at 19:00 GMT (14:00 EST).  The statement this time will not be accompanied by new forecasts or a subsequent press conference.  The federal funds rate was hiked at the prior meeting in mid-December, so a further increase at this one never appeared likely.  The current interest […] More

Looking for U.S. Data to Provide Today’s Market Guidance

December 22, 2015

Revised U.S. GDP heads a bunch of data releases later this morning that also includes existing home sales, the Richmond Fed manufacturing index, home prices, and weekly Johnson-Redbook chain store sales.  The GDP revision is likely to show less growth than reported initially. The Australian and New Zealand dollars were well bid overnight, climbing 0.8% […] More

IFO Monthly Report and a Setback in the Greek Talks

June 24, 2015

Yesterday’s proposal by Greek Prime Minister Tsipras was not accepted by all the Europeans.  News of this setback sent share prices down 3.8% in Greece and 0.9% in Germany, Spain and Italy.  Stocks fell also by 0.5% in France and Switzerland and by 0.1% in Great Britain.  The Greek fixed asset yield spread above Germany […] More

Little to Report on the Day Before Christmas

December 24, 2014

Deja Vu Item:  In a different suburb of St. Louis, Missouri, there’s been another fatal shooting of a black youth by a white cop. The dollar edged 0.2% lower overnight against the yen, euro, Swissie, kiwi and sterling and also slid 0.1% versus the loonie, Australian dollar and yuan. Many markets closed early for Christmas […] More

Little Change in the Dollar Ahead of U.S. Data

May 27, 2014

The dollar was narrowly mixed overnight, with gains of 0.2% against the yuan and 0.1% relative to the kiwi, Swissie and sterling, no change versus the yen and euro and dips of 0.2% vis-a-vis the Australia and dollar and 0.1% relative to the Canadian dollar. There is a busy U.S. data release calendar this Tuesday, […] More