Xi Jinping

Sterling Rebounds and Streak Ends of Higher Daily Closes in Japan’s Stock Market

October 25, 2017

Sterling rose 0.9% overnight, buoyed by stronger-than-forecast third-quarter GDP growth. Xi Jinping introduced the new Chinese Politboro, all with similar ages to himself, and in so doing failed to signal an apparent successor in 2022. He is now China’s most powerful leader since Mao. Japan’s Nikkei closed down 0.5%. That was the first daily loss […] More

Dollar Climbs Further

October 18, 2017

The dollar was buoyed by negative European factors (Catalonia, Brexit and a weak construction output report) and expectations of a widening U.S. interest rate premium. Yellen is generally expected not to be reappointed as Fed Chair, and that suggests a steeper incline in the federal funds target especially if U.S. tax reform is enacted. The […] More

Yen at Six-Month Low; Euroland GDP Fell Modestly in 3Q

November 15, 2012

A lot of European data were released, but today’s main currency movement belongs to the yen. Dollar/yen rose 1.1% to a 6-month high of 81.16.  The greenback rose 0.4% against the Aussie dollar but slipped 0.2% relative to the euro, Swiss franc, and loonie.  Sterling is unchanged, and China’s yuan is softer. Stocks in the […] More

Some Tellingly Soggy Data Results

November 14, 2012

Industrial production in the euro area slumped 2.5% on month in September.  Output was 1.3% than the average 3Q12 level and 2.3% weaker than a year earlier. British labor statistics suggest more softness.  The claimant unemployment count jumped 10.1K in October, its biggest monthly rise in 13 months.  Average weekly earnings growth in 3Q of […] More

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