Japanese trade balance

Stocks and Bond Prices Tumble, and the Dollar Keeps Strengthening

March 18, 2020

Fear deepened on Wednesday. The number of covid-19 cases worldwide rose over 15,000 in the last 25 hours to 203,612, and 730 more reported deaths brings the pandemic total to 8,229. The U.S. senate continues to obstruct, even though Treasury Secretary Mnuchin reportedly made the prediction of 20-plus unemployment in the United States without passage […] More

China Uncertainty Weighing on Stocks

November 20, 2019

For some time now, much of the day-to-day swings in financial market sentiment has been attributed to shifting perceptions about U.S.-Sino trade talks, and oftentimes in the absence of  concrete understanding of how those talks are really progressing. It makes one wonder if the trade talks have been a convenient excuse for explaining away normal […] More

A Quartet of Central Bank Rate Cuts and Netflix Stock Takes a Large Hit

July 18, 2019

Central bank rates were cut today in South Korea, Indonesia, South Africa, and Ukraine. The likelihood that the Fed will ease at the end of this month played a role in each of these actions. All of the reductions were 25-basis point moves. The share price of Netflix has tumbled 10.75% in response to an […] More

Brexit Mess and Central Bank News

May 22, 2019

The latest Brexit proposal from British Prime Minister May was defeated heavily by a parliamentary vote of 432-202. That was a significantly bigger defeat than on her previous attempt. Sterling dropped to a four-month low of $1.2641. The ten-year British gilt yield slid six basis points to 1.02%, but the Ftse-100 avoided the slide experienced […] More

Another Possibly Terrorist Shooting

March 18, 2019

As the last business week ended on Friday, investors learned of a terrorist shooting by a neo-nazi at a mosque in New Zealand that killed 50 people, and today brings news of another shooting some 11,670 miles away on a tram in The Netherlands that is also believed to be the work of a terrorist. […] More

Awaiting FOMC Minutes and Assessing Data Out Earlier Today

February 20, 2019

The FOMC meeting in late January looms as an important inflection point in U.S. monetary policy. The statement released at that time deleted forward guidance that further increases in the target interest rate would be consistent with achieving the Fed’s mandates, instead spoke of patience while determining any future moves, and hinted at changes in […] More

Softer Equities and No Trade Deal Yet

November 19, 2018

Stocks have begun another week on a downbeat. The DOW is off slightly more than 1.0%. Share prices fell 0.6% in Germany, France and Australia but firmed 0.7% in Japan. The dollar is softer, too, with losses of 0.4% versus the euro, 0.3% vis-a-vis the yen and sterling, and 0.2% against the Canadian dollar. However, […] More

Trump Fighting a Two-Front War Against Fed and Over His Stance on Saudi Arabia

October 18, 2018

Minutes from the FOMC September meeting minutes at which monetary officials again raised interest rates reveal confidence in continuing growth, a view shared by some that the fed funds target is likely to spend a while above the perceived long-run level, and a considerable time allotted to discussion of the ramifications of U.S.-Sino trade tensions. […] More

Stronger Dollar, Weaker Equities, Softer Gold Price But Rebound in Oil

July 19, 2018

The dollar climbed overnight by 0.8% to a one-year high against the Chinese yuan. The greenback also gained 1.0% relative to the kiwi, 0.9% vis-a-vis the peso, 0.8% versus the Australian dollar, 0.6% against sterling, 0.5% versus the loonie and 0.3% against the euro and Swiss franc. Dollar/yen is unchanged. Stocks dropped 0.9% in Hong […] More

Trade War Concerns and Immigration Tensions Rattle Markets Further

June 18, 2018

Share prices fell 1.2% in South Korea and 1.0% in Singapore. In Europe, stocks have thus far dropped 1.4% in Germany, 1.2% in France, 1.1% in Switzerland, 1.0% in Spain, 0.9% in Italy and 0.4% in the U.K.. Markets were closed today in China, Taiwan, and Hong Kong for the Dragon Boat Festival and remained […] More

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