stocks

January in Figures

January 31, 2017

The slumping dollar was the fulcrum of financial market activity in January. Dollar lows for the month were hit on January 31 against the euro, yen, Swiss franc, Australian dollar and kiwi, and the monthly highs occurred on either the third of second day of the months. From their lows to their highs, the Aussie […] More

November in Figures

November 30, 2016

World financial markets spent most of November grappling with the implications of Donald Trump’s unexpected victory and the Republican Party’s coming control of the executive, legislative and judicial branches of the federal government, as well as most state governorships and legislatures. A possible December hike of the federal funds target became a virtual certainty after […] More

October in Figures

November 1, 2016

The dollar rose in October especially versus sterling. Long-term interest rates increased everywhere, not just in the U.S. where monetary policy tightening is expected. The 10-year JGB remained below its target of zero, however. Short-term interest rates edged up marginally. Equities in October were mixed, and both the price of gold and oil slipped about […] More

September and the Third Quarter in Figures

October 1, 2016

Ten-year sovereign debt yields remained very low last quarter. British gilts dropped over a half percentage point for the second consecutive quarter, helped by a halving the Bank of England’s policy interest rate and resumption of quantitative stimulus there. The dollar fell mostly last quarter, but the loss against sterling was trimmed in September. Equities […] More

August in Figures

September 1, 2016

Sovereign debt yields rose in August in most cases, Canada and Britain not included. The dollar and kiwi strengthened slightly. Equities held on to July gains and extended such in several cases. Oil partly recovered, and gold declined. 10-Yr Yield 08/31/16 07/29/16 Chg v End-Jul U.S. 1.57% 1.45% +12 Basis Points Germany -0.07% -0.12% +5 […] More

July in Figures

July 29, 2016

In July, the price of West Texas Intermediate oil plunged more than 10%, the 10-year British gilt yield dived 75 basis points, share prices around the world rallied strongly, and the dollar slipped moderately against a broad spectrum of other currencies. 10-Yr Yield 06/30/16 07/29/16 Chg v End-2Q U.S. 1.48% 1.45% -3 Basis Points Germany […] More

June and the Second Quarter in Figures

June 30, 2016

June and the second quarter were a volatile time in financial markets with mixed results, a few surprises and some odd juxtapositions.  The table below shows end-June levels and their comparisons to end-May and end-second quarter levels.  A unifying theme in both the last month and the spring quarter involved deep declines in sovereign debt […] More

May in Figures

May 31, 2016

In May, long-term interest rates fell.  On the monetary policy front, confidence climbed that the Federal funds rate would be raised before much longer, while speculation grew that more stimulus would be forthcoming in Japan and possibly the eurozone.  An appreciation of the dollar and oil prices was balanced by a decline in gold.  Most […] More

April 2016 in Figures

April 30, 2016

The dominant market themes in March had been strong oil and equities, dollar and yen weakness, and modest sovereign debt yield increases.  In April, West Texas Intermediate crude oil extended March’s 13.6% advance with a further leap of 19.8%, but yen strength was the big currency market story.  Ten-year sovereign debt yields rose except for […] More

March and the First Quarter in Figures

April 1, 2016

March was unlike January and February.  Ten-year sovereign bond yields edged a little higher last month but recorded substantial declines in the quarter.  Equities likewise performed well in March, but quarterly changes in share prices ranged from modest gains in the S&P 500 and Dow Jones Industrials to double-digit net losses in the Japanese and […] More

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