U.S. PPI

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

Reaction to Trump Remarks Muted by Coming Holidays

April 13, 2017

President Trump gave an exclusive interview to the Wall Street Journal in which among other things he complained that the dollar was too strong, proclaimed that China is not a currency manipulator, and jaw-boned the Fed to keep interest rates low. Markets were closed today in Norway and Mexico. Good Friday observances tomorrow will shut […] More

A Valentine’s Day Full of Data and Other Developments

February 14, 2017

Market Movement: The dollar is higher against sterling but lower against the euro, Swissie, yen, and commodity-sensitive currencies. Oil and gold climbed 1.3% and 0.7% overnight. 10-year German bund and Japanese JGB yields rose a basis point, while the 10-year Treasury and British gilt slid a basis point. Japan’s Nikkei slumped 1.1%. Central Bank News: […] More

Awaiting a Likely Fed Rate Hike and Yellen’s Press Conference

December 14, 2016

The Fed’s announcement is due at 14:00 EST (19:00 GMT). A rate hike is like for the first time in a year. Chair Yellen’s press conference starts 14:30 EST. New forecasts will be unveiled. The dollar is down 0.3% against the euro and yen. Ten-year sovereign debt yields fell overnight by six basis points in […] More

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