New Zealand PPI
Another Fairly Uneventful Day in the Market
November 19, 2019
The dollar and 10-year sovereign debt yields hardly changed overnight. Prices for WTI oil and Comex gold fell 1.0% and 0.3%. The main action of the day has involved equities. Stock markets in the Pacific Rim advanced 1.6% in Hong Kong, 0.9% in China, 0.7% in Australia, and 0.5% in Taiwan, India and Indonesia but […] More
Better Market Tone as a Few Restraints on China Loosened
August 19, 2019
Share prices on Monday advanced 2.2% in Hong Kong, 2.1% in China, 1.0% in Australia and 0.7% in Japan and Taiwan. Stock markets in several European centers (London, Paris and Frankfurt, for instance) have risen at least 1.0%, and the DOW opened over 300 points higher. Ten-year sovereign debt yields are at least five basis […] 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
Dollar and Oil Up But Almost Everything Else Down
February 20, 2018
Most markets with the notable exceptions of China and Taiwan are back open for business. Share prices are lower, with drops of 1.0% in Japan, 1.1% in South Korea, and 0.5% in Hong Kong. Morgan Stanley analysts warn of a bigger U.S. stock correction that seen earlier this month. Long-term U.S. interest rates resumed rising […] More
Tuesday Highlights
August 19, 2014
The dollar, equities, and sovereign debt yields rose. Perceived geopolitical risks lessened. New Zealand producer prices recorded their greatest quarter-on-quarter drop since 3Q12, and government officials revised growth and inflation forecasts slightly downward for New Zealand. British CPI and PPI inflation decelerated more than expected in July. Euroland recorded current account surpluses in July of […] 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
