Trump

Brexit and Tariff Man Leading the Overnight News

April 9, 2019

A decision is needed tomorrow on whether and how long to grant Britain another extension on Brexit talks. In the meantime, Prime Minister May today will be holding talks with her German and French counterparts. She wants a short extension to June 30th but seems no closer to forging a parliamentary coalition behind any plan. […] More

Share Prices and Sovereign Debt Yields Rebound… Brexit Situation Remains Muddled

March 26, 2019

In futures trading, the 10-year treasury yield rose five basis points to 2.44%. The 10-year German bund and Japanese JGB yield firmed two bps, while their British counterpart is 3 basis points firmer. Share prices rebounded 2.2% in Japan, 1.1% in India, 0.9% in Indonesia, 0.8% in Taiwanand 0.6% in Singapore. European equity markets are […] More

Will U.S. Stocks Get Boxed Again: That is the Question

December 26, 2018

Many, many markets remained closed today for Boxing Day, St. Stephen’s Day (Italy) or a second day of Xmas (Germany and Hong Kong), but stock exchanges in the United States, where the DJIA tanked over 600 points in an abbreviated session on Christmas Eve, reopen and may set the tone for the rest of the […] More

Softer U.S. Consumer Confidence and House Price Inflation

November 27, 2018

The Federal Reserve’s Vice Chairman, who was sworn in just two months ago, endorsed the policy of gradual interest rate increases. Richard Clarida conceded that the federal funds target is getting closer to neutrality but said that more hikes are warranted. Clarida’s comments today were juxtaposed against U.S. and other data indicating slower global growth. […] More

Trump Vies with Deluge of Data for Market’s Attention

August 31, 2018

A considerable amount of data gets reported around the end of every month, especially on the final business day. But this time, there’s an equal flood of outrageously provocative quotes from the U.S. president to stir up market activity. Data first: Japan had disappointing industrial production news. Output fell 0.1% in July after a 1.8% […] More

Dollar, Stocks and Bond Yields Mostly Lower

November 8, 2017

The dollar declined overnight by 0.5% against the yen, Aussie dollar and kiwi, 0.4% relative to the peso and loonie, 0.2% versus the yuan and 0.1% relative to the Swiss franc. The dollar’s unchanged against the euro and 0.4% stronger against sterling, which continues to be depressed by the fractious state of British politics and […] More

A Week Begins Fraught with Possibility

October 30, 2017

U.S. President Trump has promised to reveal his choice for Fed Chairperson this week before leaving for Asia on Friday. Jerome Powell is perceived to be the likeliest choice. Although presently a member of the Fed Board of Governors, Powell is not an economist by training. Over the past 47-1/2 years, economists have chaired the […] More

Trump Fuels Public Angst Again

August 23, 2017

In vintage style, the U.S. president’s comments at a political rally in Phoenix was full of threats and accusations on a range of topics: a possible government shutdown if Congress doesn’t fund his “wall” proposal; blaming a few Republicans for the vote against repealing Obamacare; accusing the media for distorting his response to Charlottesville and […] More

A Corrective Day in the Marketplace

August 22, 2017

The dollar rebounded, and so did most stock markets in Asia and Europe. Bond yields and gold eased back. These changes partly reverse trends in recent days but have no obvious reason for doing so other than it was time for a correction, however brief. After heavily criticizing the never-ending war in Afghanistan, President Trump […] More

Wide Spectrum of Developments Elicit Financial Market Response

July 25, 2017

In an escalated barrage of complaints, President Trump has lashed out at a range of adversaries: Attorney General Sessions, Congressional Republicans, Hillary Clinton, Bob Meuller, and the press. A vote on repealing the Affordable Care Act seems likely in the Senate this afternoon. The Federal Open Market Committee began a two-day policy meeting today. U.S. […] More

css.php