Japanese trade

PMI’s, Japanese Trade, British Retail Sales, and an Important New Zealand Statement

July 24, 2014

Preliminary purchasing manager survey results for July showed An 18-month high in Chinese manufacturing growth. Faster euro area growth especially in the services but also manufacturing. Slower manufacturing growth in Japan.  Japanese customs trade data for June also were disappointing.  There was an unadjusted JPY 822 billion deficit, which was the 24th shortfall in a […] More

Four Central Banks in the Spotlight

May 21, 2014

Minutes from the Bank of England’s meeting on May 7-8 revealed an increasing inclination by some members of the Monetary Policy Committee to entertain the thought of starting to raise interest rates, but the vote against doing so at that meeting remained unanimous.  The debate is focused on determining how much slack remains in the […] More

Continuing Focus on Emerging Market Difficulties

January 27, 2014

Asian share prices were battered additionally at the start of the new week.  Stocks fell 2.5% in Japan, 2.6% in Indonesia, 2.1% in Hong Kong, 2.0% in Thailand and India, 1.8% in the Philippines, 1.6% in South Korea and Taiwan, 1.3% in China and Malaysia, and 1.1% in Singapore.  While the British Ftse followed suit […] More

Modest Rise in Dollar

October 21, 2013

The dollar has firmed by 0.3% against the kiwi and yen, 0.2% relative to the Swiss franc, and 0.1% versus the euro.  The greenback is unchanged against the Aussie dollar and sterling and has dipped 0.1% versus the Chinese yuan. Share prices rose 1.9% in China, 0.9% in Japan and New Zealand, 0.7% in Indonesia, […] More

The Morning After Delivers More Central Bank News

September 19, 2013

In the wake of the Federal Reserve’s decision not to cut quantitative stimulus just yet, the euro soared to a 7-month high of $1.3569, gold has climbed 4.4% to $1365.5 per ounce, other commodities like WTI crude oil (+0.6% to $108.76) are also higher, share prices are higher in Europe and Asia (especially where selling […] More

Lower Bond and Stock Prices

August 19, 2013

Financial turbulence in Indonesia where 1) equities plunged 5.6% to a 21-month low, 2) the rupiah dropped 1% and touched 10,500/USD for the first time in four years, and 3) the 10-year bond yield advanced to a 29-month high.  Markets have reacted adversely to a string of bad economic news including Friday’s report of a […] More

Resumed Yen Slide Continues

May 10, 2013

The yen touched lows today of 101.75 per dollar and 132.29 per euro and is 1.1% softer against the U.S. currency than at Thursday’s close. The U.S. dollar also has risen 0.9% against the Swiss franc, 0.8% versus the kiwi, 0.7% relative to the Australian dollar, 0.3% against the euro and pound, 0.2% versus the […] More

Confidence Continuing to Build into the New Year

December 19, 2012

An optimistic mood surrounds the fiscal cliff talks. The German IFO business climate index rose to a 5-month high in December despite a softer reading on current conditions. Peripheral sovereign debt yields slipped further in the euro area.  S&P removed the “Selective Default” designation on Greek debt. Japan’s Nikkei soared 2.4%, its best single session […] More

Dollar’s Turn to Decline

July 25, 2012

Wednesday trading has seen a slight correction.  The dollar has fallen 0.7% against the euro, which is back above $1.2100.  The dollar also fell by 0.7% relative to the Swiss franc and is off 0.5% versus the Australian dollar, 0.4% against the loonie, and 0.3% vis-a-vis the kiwi.  The dollar is 0.1% higher against the […] More

Focus Shifts to FOMC Meeting from Los Cabos Summit

June 20, 2012

The G20 summit in Mexico wound down with words of commitment from European delegates to fix their problems and preserve the common currency as well as expressions of support from other world leaders for efforts being taken.  Typically, there was more talk than actual action.  Attention next turns to today’s FOMC meeting and Chairman Bernanke’s […] More