U.S. CPI

Continuing Market Volatility, an Unscheduled Bank of England Rate Cut, and Big Night for Biden

March 11, 2020

Share prices in Asia fell 2.3% in Japan, 2.8% in South Korea, 3.6% in Australia, 1.7% in Singapore and 0.9% in China. U.S. futures are down, but in Europe, stocks have so far risen 1.3% in France, 1.0% in Germany, 0.7% in Spain, and 0.6% in both the U.K. and Switzerland. The ten-year U.S. Treasury […] More

Coronavirus Takes Turn for the Worse, and British Cabinet Reshuffled Significantly

February 13, 2020

Thursday has been a difficult day in world financial markets, absorbing the news of an exponential increase in suspected coronavirus cases, as well as the unexpected quitting of British Chancellor of the Exchequer Javid and departure of several other members of Prime Minister Johnson’s cabinet. Share prices tumbled 1.6% in Great Britain, 1.2% in Spain, […] More

More Inflation Data, Japanese Current Account, and Chinese Trade Figures Released

January 14, 2020

Compared to closing levels yesterday, the dollar is unchanged against the yen, peso, and sterling, up 0.3% against the kiwi, 0.2% versus the euro, and 0.1% relative to the Canadian and Australian dollars but down 0.2% against the Swiss franc and 0.1% versus the Chinese yuan. Phase One U.S.-Sino trade pact is reportedly ready to […] More

Waiting and Seeing on Multiple Levels

December 11, 2019

The FOMC will reveal its decisions later today from its final scheduled review of U.S. monetary policy in 2019. Financial markets in advance have been marking time ahead of the revelations of any policy action today, when interest rates are likely to be moved next and in what direction, and what factors are currently attracting […] More

A Little Bit of Everything This Wednesday

November 13, 2019

Investors have much to watch today including two separate congressional events of great interest. Public hearings on a possible impeachment of President Trump begin at 10:00 EST in the House Intelligence Committee, and one hour later Fed Chairman Powell testifies on the economic outlook before the Joint Economic Committee. There’s already been one central bank […] More

Dollar and Yen Fell in Tandem

October 10, 2019

The dollar and yen dropped overnight by 0.6% against the New Zealand and Australian currencies, 0.5% relative to the euro, 0.3% versus the Swiss franc and peso, 0.2% relative to the loonie and sterling and 0.1% against the yuan. Ten-year U.S. Treasury and Japanese JGB yields are unchanged, whereas their German and British counterparts increased […] More

Markets React to ECB Stimulus, U.S. CPI Data, and Continuing Hopes on Trade Talks

September 12, 2019

Policymakers at the European Central Bank as expected cut the deposit rate by 10 basis points to minus 0.50%, announced an open-ended asset purchase program to start in November at EUR 20 billion per month, said targeted LTRO operations will carry the average deposit rate, and introduced a a 2-tiered system of reserve remuneration in […] More

Peso Panic and Some Deescalation of the U.S.-Sino Trade dispute

August 13, 2019

Sunday’s primary election in Argentina served notice that populism is making a big comeback there and has generated a stampede out of the peso (down nearly 22%) and local stocks, whose share prices tumbled nearly 50% and by the second largest day-to-day slump in seven decades. Investors fear a return to protectionism and other state […] More

ECB Left Policy Unchanged, and Now Investors Await FOMC Minutes

April 10, 2019

At noontime in NY, the dollar was trading at Tuesday’s closing level against the euro and loonie but had drifted lower by 0.4% against the Australian dollar, 0.3% relative to sterling, and 0.2% vis-a-vis the yen and kiwi. The dollar is down more sharply against the peso but up 0.2% versus the Swiss franc and […] More

Political Spectacles and Some Data of Interest

December 12, 2018

President Trump is in engaged in a last ditch effort this month to attain funding for construction of his promised wall along the Mexican border before the Democrats gain control of the House of Representatives. The peso rose 0.8% overnight against the dollar. Trump is believed to be making more progress in trade talks with […] More

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