Trump speech

U.S. Monetary Tightening Fever Lifts Dollar, Stocks and Sovereign Debt Yields

March 1, 2017

Last night’s speech by President Trump did no harm but lacked the details that investors were hoping to learn. No more is known about what will replace the Affordable Care Act, or how increased government spending will be financed. Trump was less contentious, but any relief could quickly dissipate today after the new immigration policy […] More

Brexit Worries Depress Sterling Against Euro

February 27, 2017

Sentiment toward Euroland was buoyed by French opinion polls and February economic sentiment data. Emmanuel Macron’s voter support in France improved. The final round of France’s presidential election is likely to pit the centrist Macron against the populist anti-EU National Front candidate, Le Pen. Economic sentiment in the euro zone edged 0.1 point higher to […] More

Stocks, Bond Yields and Dollar Down But Gold Strengthens Further

February 24, 2017

Investors turned cautious as the third full week of February wound down. The dollar has lost 0.4% against the Aussie dollar, 0.3% relative to the yen and euro and 0.2% vis-a-vis the Swiss franc. The yuan, loonie and sterling are unchanged against the greenback. Share prices fell 1.0% in Hong Kong, 0.7% in Singapore, 0.6% […] More

css.php