U.S. jobless claims
Disconnection Thursday Between Recessionary Data and Buoyant Stocks
May 7, 2020
Equities were mixed in Asia but have risen more impressively in Europe this morning. There were drops of 0.8% in India, 0.7% in Hong Kong and 0.2% in China but advances of 0.6% in Taiwan, 0.3% in Japan and 0.5% in New Zealand. The British Ftse, German Dax, and Paris Cac each have risen at […] More
Beyond the Taper
December 19, 2013
In the wake of yesterday’s Federal Reserve “taper” initiative, the dollar is higher, the yen is softer, 10-year sovereign debt yields are up, U.S. share prices are holding onto most of their gains, European stocks have rallied, and perhaps most dramatically of all, gold has plunged another 3.3% and is below $1200 per ounce. New […] More
Global Growth Worries Continue to Lift Euro and Swissy and Depress Equities
June 2, 2011
Markets continue to reel from Wednesday’s discouraging data. U.S. jobless insurance claims released today added to that funk. Stocks fell 1.7% in Japan, 1.6% in Hong Kong and China, 2.3% in Australia, and 1.3% in South Korea. The Paris Cac, German Dax, and British Ftse have declined so far by an additional 1.1%, 1.0%, and […] More
Firmer Equities, Softer Dollar but Not Against the Yen
August 26, 2010
Stocks in the Pacific Rim advanced by 0.8% in Australia and Malaysia, 0.7% in Japan, and 0.3% in China and India. In Europe, the Paris Cac and British Ftse are 0.7% stronger, and the German Dax has edged 0.4% higher. Dollar/yen is steady at 84.60. Together the two currencies lost 0.5% against the euro, sterling, […] More
