U.S. PPI

Worst Day Yet

March 12, 2020

Ironically on the one-month anniversary of the DJIA record high close, financial markets have experienced a calamitous session, and the catalyst for intensifying chaos was President Trump’s prime-time speech last night on the coronavirus pandemic. The tally of global cases stands now at 129,296 with 4,749 dead so far. Equity markets fell today by 11.7% […] More

Risk Preference Restored to Some Extent

February 19, 2020

EUR/USD is unchanged from yesterday’s closing level. The dollar is also flat against the yuan and kiwi, up most strongly versus the yen (0.8%) and then 0.3% relative to sterling. To the surprise of few, Prime Minister Boris Johnson is not proving to be as adept at governance as he was at running for election. […] More

Share Prices Slip

January 15, 2020

If all goes as planned, the Phase One trade deal between China and the United States will be signed today, but significant tariffs remain. The quarterly meeting of branch managers at the Bank of Japan downgraded economic conditions in three of the nine main regions but found none to be experiencing contracting growth and remained […] More

Central Banks, Economic Data Surprises, and British Voters in the News This Thursday

December 12, 2019

Polls in Britain’s parliamentary election today will close at 22:00 GMT 17:00 EST. The fate of Brexit is at stake. U.S. producer prices stayed unchanged in November, defying expectations of an increase and leaving the 12-month¬† increase at 1.1%. An even bigger surprise was a leap in new jobless insurance claims last week to 252k, […] More

Stocks Hit by Geopolitical Factors

October 8, 2019

Share prices in Germany, France, Italy, and Spain are down over 1.0%, and a lower U.S. open is implied by futures. Brexit talks between the U.K. and EU are seemingly paralyzed, and the U.S. blacklisting of Chinese tech firms over treatment of Uighur Muslims underscores trade tensions between the the two countries. Share prices in […] More

Stronger Dollar, Flat U.S. Share Prices and Lower Commodity Prices

April 11, 2019

Compared to Wednesday’s closing, the dollar has strengthened 0.6% against the Aussie dollar, 0.5% versus the kiwi, 0.4% relative to the yen and loonie, 0.2% vis-a-vis sterling and 0.1% against the euro and yuan. Share prices overnight fell in China, Hong Kong and Australia¬† but rose in Europe. The DOW initially rose but now shows […] More

Investors Get Some Better News

December 11, 2018

Equities have rallied after China tentatively indicates plans to cut tariffs on U.S. car imports by more than half. Share prices in Europe have risen 2.4% in Germany, 2.3% in Switzerland, 2.2% in France, 1.9% in Spain and the U.K., and 1.8% in Italy. The Dow Jones Industrials and Nasdaq climbed over 1.0% in very […] More

Stocks Again Reverse Direction… Yen and Dollar Decline

April 10, 2018

A strong Monday session in stocks was almost completely squandered in the last hour of trading by a 300 point drop of the Dow. Once again, the index opened sharply higher on Tuesday and is currently 1.6% higher on the day. Elsewhere, share prices gained 2.2% in Hong Kong, 1.7% in China, 1.3% in Indonesia […] More

Eye on The Fed, Alabama, and Some Data Releases

December 12, 2017

The Federal Open Market Committee begins a 2-day policy review that almost surely will lead to the third interest rate hike of 2017. The first two moves were enacted in March and June. This will be the final FOMC meeting presided over by Janet Yellen. A press conference is scheduled tomorrow, and new forecasts will […] More

Dollar, Pound and Most Equities Falter as a Ton of Economic Data Got Released

November 14, 2017

The dollar rose 0.7% against sterling while posting losses overnight of 0.7% against the euro, 0.4% versus the Swiss franc, 0.2% vis-a-vis the Australian dollar, and 0.1% relative to the yen, loonie, peso and yuan. The kiwi fell 0.5%. Share prices declined 0.9% in Australia, 0.6% in Indonesia, Singapore and Hong Kong, and 0.5% in […] More

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