Uncertain Cypriot Situation Still Overhanging Markets

March 19, 2013

Despite talk of fine-tuning the proposed Cypriot levy on bank deposits, uncertainty in this area and the risk of copy-cat actions elsewhere in the euro area continue to worry investors worldwide.  A hope exists that small depositors may be exempted, but then big deposits would be penalized more heavily than proposed initially.  The Cypriot parliament […] More

Old Worries Return

December 20, 2012

Fiscal cliff talks appear to have bogged down. Greek Finance Minister Stournaras said a Greek departure from the euro zone remains possible and called 2013 a make or break year. Weak revenue growth in Australia led Treasurer Swan to back away from forecasting a budget surplus this fiscal year.  There were other signs of general […] More

Less Investor Angst than Earlier this Week

July 26, 2012

The dollar and yen have eased in tandem by 0.8% relative to the kiwi, 0.6% versus the Aussie dollar, and 0.5% against the euro, Swissie, loonie, and sterling.  The dollar also has edged 0.1% lower against the Chinese yuan. Stocks in the Pacific Rim rose 0.9% in Japan, 0.8% in New Zealand, 0.7% in South […] More

Watching G20 Talks and French Election

April 20, 2012

Finance ministers and central bank leaders from the Group of Twenty meeting in Washington are talking mostly about the euro debt crisis. The first round of French Presidential elections on Sunday is expected to set up a run-off contest on May 6 between the incumbent center-right Sarkozy and the Socialist candidate, Francois Hollande.  The term […] More

Stocks Up on Lessening Korean Tensions

December 21, 2010

Solid stock price advances have occurred in the Pacific Rim and Europe.  Gains amounted to 2.2% in China, 1.9% in Indonesia, 1.5% in Japan, 0.9% in India, 0.8% in South Korea and Australia, 0.7% in Thailand and Taiwan and 0.6% in New Zealand and so far in France and Germany.  The British Ftse is trading […] More

Dollar Sinks, Touching or Breaking Several Key Thresholds

October 14, 2010

The dollar has weakened 0.8% against the yen, euro, pound and Swiss franc.  It has also lost 0.5% against the Australian dollar, 0.3% versus the Canadian dollar, and 0.2% against the Chinese renminbi.  The kiwi is steady. The dollar sank to another 15-year yen low of JPY 80.89.  The euro got as high as $1.4123, […] More

Emergency Bank of Japan Meeting Has Louder Bark Than Bite

August 30, 2010

The dollar fell overnight by 0.9% against the Canadian dollar, 0.6% versus sterling, 0.4% against the yen, and 0.1% relative to the Swiss franc.  The dollar firmed 0.4% against the kiwi, 0.2% against the euro and 0.1% relative to the Australian dollar and Chinese yuan. Japan’s Nikkei-225 equity index closed 1.8% higher but had climbed […] More

Higher Inflation on Energy

April 13, 2010

The U.S. and Canadian dollars lost 0.4% against the kiwi and sterling, 0.3% against the Swissie, and 0.1% against the yen, euro, and Australian dollar. Equities have fallen 1.1% in Taiwan, 0.8% in Japan, 0.7% in Australia, 0.4% in Malaysia, 0.3% in Pakistan and 0.2% in Hong Kong.  In Europe, the German Dax is 0.4% […] More