U.S. import prices

Out of Fixed Income Assets and Into Stocks

November 15, 2019

After a few days that saw sovereign debt yields decline, ten-year U.S. Treasuries, German bunds and British gilts each rose two basis points overnight. In stock market action, equities rose 0.9% in Australia, 1.1% in South Korea, 0.7% in Japan and Taiwan but slipped 0.6% in China. European stock markets so far show gains of […] More

Yield Curve Inversion Amplifies Recession Fears and Flight to Safe Assets

August 14, 2019

The 2-year Treasury note yield edged marginally above the 10-year yield for the first time in 14-1/2 years. This and a similar yield curve inversion in the U.K. happened as investors selectively fixated on weak data while ignoring some better-than-expected statistics, causing share prices to drop sharply in Europe and the United States. Losses amount […] More

Stocks and Oil Firmer but Dollar and Fixed Income Asset Prices Lower

April 12, 2019

The dollar has weakened 0.7% against the Aussie dollar, 0.6% relative to the kiwi, 0.5% versus the euro, 0.4% vis-a-vis the loonie, 0.3% against the yen, peso and sterling and 0.2% versus the Swiss franc and Chinese yuan. The price of WTI oil strengthened nearly 1% overnight and is again above $64.00 per barrel. The […] More

Dollar Broadly Higher as Investors Seek Clarity on Brexit Mess and U.S.-Sino Trade Talks

March 14, 2019

British MPs last night defeated a motion for allowing the U.K. to leave the EU without any Brexit deal by a vote of 321-278. Today’s vote will be a motion to extend the Article 50 deadline beyond March 29th. Prime Minister May aims to hold another vote within the week on her Brexit deal. A […] More

Many Central Bank Meetings and a Stunning Deceleration of U.S. Import Price Inflation

December 13, 2018

The dollar shows no net overnight change against the Swiss franc, Chinese yuan, New Zealand dollar, or Canadian dollar. The greenback rose 0.8% versus the Mexican peso, 0.4% relative to the yen, and 0.1% versus the euro while dipping 0.1% vis-a-vis the Australian dollar and sterling. Asian equities rallied, but share prices in Europe and […] More

Down Goes the British Pound

November 15, 2018

With British Prime Minister Theresa May facing a vote of no confidence and several of her cabinet ministers resigning in protest against her Brexit deal, sterling slumped 1.5% overnight against both the dollar and euro. Weak British retail sales data were also released today, showing an unexpected 0.5% on-month drop in total sales (+2.2% on […] More

A Shift from Fixed Income Assets Into Stocks

September 14, 2018

The second week of September came and went without the feared announcement of much higher U.S. tariffs. Even though that danger remains looking ahead, there’s been a return ot riskier assets. Share prices in the Pacific Rim rose 1.2% in Japan today, 1.0% in Hong Kong and Singapore, 1.3% in Indonesia and Taiwan, and 1.4% […] More

Dollar Up, Stocks Listless, and Sovereign Debt Yields Lower as Week Draws to an End

July 13, 2018

The dollar rose overnight by 0.4% against the kiwi and yuan and by 0.2% relative to the euro, loonie, Swiss franc, Aussie dollar and sterling. The dollar dipped 0.2% versus the peso and 0.1% against the yen. The main pieces of economic news out today show A 67% widening of the Chinese global trade surplus […] More

Dollar Continues to Slide

July 18, 2017

The inability of the U.S. Republican Congress to pass legislation in the Trump era took a further toll on the dollar today. Gold rose. Stocks stalled, and long-term interest rates are lower. Subdued inflation remains a global economic trend. U.S. import prices slid 0.2% on month in June after a 0.1% dip in May and […] More

Fresh Appreciation for Latest ECB Actions Spurs Market Rally

March 11, 2016

Share prices in Europe have rallied 3.1% in Germany, 4.4% in Italy, 3.3% in Spain, and 1.6% in Great Britain. Stock markets in the Pacific Rim closed up 0.3% in Australia, 0.5% in Japan, 0.2% in China and 0.4% in India. The Dow shows a current daily advance of 1.2%. West Texas Intermediate crude oil […] More

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