Japanese unemployment
Weak U.S. Data Elicits Investor Relief
August 29, 2023
When inflation reduction is the dominant policy priority, investors hope to see weaker-than-expected data like those released today. U.S. job openings, job hires, job separations, and job quits were each fewer in July than June; openings fell to a 28-month low. The Case-Shiller index of house prices in 20 U.S. metropolitan areas recorded a year-on-year […] More
Covid and Ukraine War Remain in the Spotlight
April 26, 2022
The uncertain evolutions of the war in Ukraine, Covid-19 pandemic and central bank interest rates are perpetuating erratic financial market movements. Stock markets are behaving diversely today, with drops of 1.4% in China, 2.1% in Australia, 0.8% in New Zealand and around 0.5% in U.S. futures countering gains of 1.4% in India, 0.4% in Japan […] More
Uneven Manufacturing Trends Around the World
February 1, 2022
The dollar slipped 0.2% overnight on a weighted basis, losing 0.6% against the Swiss franc, 0.4% relative to the yen, Aussie dollar, Mexican peso and sterling, but just 0.2% versus the euro and 0.1% against the loonie. Stock markets in those Pacific Rim countries that were open and in Europe rallied robustly, taking their cue […] More
Across-the-Board Strength in the Dollar Early this Friday
May 28, 2021
Prior to today’s release of U.S. data, the dollar had advanced 1.3% against the Turkish lira, 0.6% versus the Swiss franc and Australian dollar, 0.4% vis-a-vis the loonie, peso and weighted DXY index, 0.2% versus the yen, and 0.3% against the euro and sterling. U.S. stock futures had extended yesterday’s gain by around 0.5%, and […] More
Christmas 2020
December 25, 2020
Among the very few markets open today, share prices rose 1.0% in China, 0.8% in Thailand, 0.4% in Taiwan and Turkey, but closed unchanged in Japan. The 10-year Japanese JGB yield edged a basis point higher, and WTI oil firmed 0.2%. The dollar is unchanged against the euro and yen, down 0.2% versus the peso […] More
Start of a Fresh Month Sees Dollar Drop and Share Prices Resume Their Rise
December 1, 2020
A slew of manufacturing purchasing manager surveys taken in November were released today. Fed Chairman Powell and Treasury Secretary Mnuchin testify before the Senate Banking Committee today on the Cares Act. After dipping on Sunday, Covid cases and the death count turned upward over the past 24 hours both globally and in the United States. […] More
Trump Has Covid and Goes Into Quarantine.. Markets Gripped by Uncertainty
October 2, 2020
Late last evening, President Trump himself broke the news that his wife and he tested positive for the lethal coronavirus. This news comes on a day when some key markets are shut for holiday like China, Hong Kong, Taiwan, and India) and when the last U.S. monthly labor statistics prior to November’s election are to […] More
Dollar and Oil Price Down but Stock Markets Mostly Up
April 28, 2020
The dollar fell broadly overnight, with the biggest declines coming against the Mexican peso (1.5%), Norwegian krone (1.4%), and Swedish krona (1.2%). (The Swedish Riksbank released a dovish statement, but the Executive Board did not cut the zero percent repo rate as some had been expecting). The dollar also dropped by 0.6% relative to the […] More
Share Prices Firm but Dollar Softer
December 27, 2019
The dollar recorded overnight declines of 0.6% against sterling, 0.5% versus the Australian dollar and Swiss franc, 0.4% relative to the euro and kiwi, 0.3% against the loonie and 0.1% versus the yen and peso. Most stock markets firmed. In Japan and China whose markets remained open all week, by contrast, share prices fell 0.4% […] More
Several Japanese Data Reported but Investors Marking Time Ahead of U.S. Figures
April 26, 2019
Shortly before the first release of U.S. first-quarter GDP, the dollar showed no net overnight change against the euro, loonie or sterling. There were 0.1% upticks relative to the yen, Swiss franc and peso, a 0.1% downtick vis-a-vis the yuan and drops of 0.5% against the kiwi and 0.3% versus the Australian dollar. European share […] More
