U.S. personal income and spending

Trade Talks Back in the Spotlight

September 27, 2019

A number of factors could have made Friday an ugly day in the marketplace — the U.S. and British political crises, weak European and U.S. data, and Japanese disinflation. But instead, the mood has been lifted by the announcement that U.S. and Chinese trade delegations will restart formal talks in Washington on October 10th. Share […] More

Busy Session on Last Business Day of August

August 30, 2019

A heap of economic data have been released, but also the following important geopolitical developments have occurred. A Scottish judge denied a court challenge to block Prime Minister Johnson’s plan to suspend parliament for a couple of weeks and thereby prevent parliament from organizing to prevent a hard Brexit if no deal can be reached. […] More

Lots of Data but Not Much Market Movement as Monthend Approaches

August 30, 2018

The dollar’s down 0.3% against the yen but up 0.2% relative to the loonie, euro, Aussie dollar and Chinese yuan. Ten-year sovereign debt yields have slid back 3 basis points in Germany, 2 bps in the U.S. and 1 basis point in Great Britain, but the 10-year Japanese JGB firmed a basis point. Gold and […] More

Dollar and Equities Strengthening on Final Day of April

April 30, 2018

The dollar shows overnight gains of 0.6% against the kiwi and peso, 0.5% versus the Australian dollar, 0.4% relative to the euro and sterling, and 0.3% vis-a-vis the yen, loonie and Swiss franc. The Japanese and Chinese markets were closed today for Showa Day and Labor Day, respectively. Markets in China will remain shut tomorrow […] More

Swoon of Stocks Continues Amid More Released Data and Ahead of Round 2 of the Powell Testimony

March 1, 2018

The newly minted Fed Chairman Jerome Powell will reprise his congressional Humphrey-Hawkins testimony at 10:00 EST, this time before the Senate Banking Committee. In the past two sessions since he testified before the House Financial Services Committee, the S&P and DOW dropped by 2.2% and 2.6%. Stocks overnight slumped 1.6% in Japan, 0.7% in Australia, […] More

Softer Dollar but Firmer Oil Price

December 22, 2016

On this last full session before the Christmas break, the dollar fell 0.5% against the euro and 0.4% relative to the Swiss franc. Dollar/yen is steady and the dollar has strengthened against sterling, the Aussie and Canadian dollars, and Mexican peso. West Texas Intermediate crude oil advanced 1.1% to $53.07 per barrel following news of […] More

U.S. PMI Disappointment

August 3, 2015

The dollar is little changed on this first trading day of August 2015. The Greek stock market reopened to a 16.5% plunge after its extended closure. ¬†Other European equities are up however by 0.8% in in Italy and Spain, 1.1% in Germany and 0.7% in France. ¬†The British Ftse is unchanged, as is the DOW […] More

U.S. Heading for Thanksgiving Day Break

November 26, 2014

Before U.S. markets close early today, a load of U.S. data were released including several downside surprises. New jobless insurance claims jumped 21K last week to 313K, and that boosted the 4-week average rise by 6.25K to 294K. The U. Michigan/Reuters gauge of consumer sentiment in November got revised downward to 88.8 from 89.4 reported […] More

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