Uncategorized
July 10, 2026
Central Banks: The Bank of Korea and Bank of Canada will be conducting reviews of monetary policy. Federal Reserve Chairman Warsh testifies on monetary policy and the U.S. economy before the House Banking Committee on Tuesday and the Senate Financial Services Committee on Wednesday. The Fed Beige Book and Bank of Canada Monetary Policy Report […] More
Tags: Economic Data Calendar
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New Overnight Developments Abroad - Daily Update
July 9, 2026
The United States and Iran for a second straight day exchanged military strikes. Unlike Wednesday, investors this time took to heart the time-tested axiom that spikes in geopolitical uncertainty exert only a short-term sway over world financial trends. Today’s mood was one of bottom-fishing. Ten-year sovereign debt yields backtracked four basis points in France and […] More
Tags: Chinese CPI and PPI, German trade surplus, Japanese machine tool orderes
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Central Bank Watch
July 8, 2026
The Reserve Bank of New Zealand’s Official Cash Rate today was lifted 25 basis points to 2.50% in an expected move that reverses a cut of that size made last November that had been the final element of a nine-step easing cycle that began in August 2024 and that totaled 325 basis points. Explaining today’s […] More
Tags: Reserve Bank of New Zealand
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New Overnight Developments Abroad - Daily Update
July 8, 2026
More than a month before the negotiating window prescribed in the Memorandum of Understanding between the U.S. and Iranian governments is supposed to end, President Trump declared the interim “ceasefire over as far as he is concerned.” He grabbed the summit spotlight in other ways, for instance calling Spain a “terrible NATO partner,” but the […] More
Tags: Trump at the NATO summit
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New Overnight Developments Abroad - Daily Update
July 7, 2026
Just six weeks remain in the 60-day negotiating window laid out in the Memorandum of Understanding between the United States and Iran. The past weekend had lacked the customary military craziness, but a big ship carrying energy took on fire in a reminder that investors mustn’t make assumptions that this political distraction will end with […] More
Tags: German industrial production, Japanese and Chinese reserves, U.S. and Canadian trade balances
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New Overnight Developments Abroad - Daily Update
July 6, 2026
(132) The biggest dollar advances so far today are gains of 0.5% against the Japanese yen and New Zealand dollar, followed by a 0.3% rise versus the Swiss franc and South Korean won. The U.S. currency is also 0.1% firmer relative to the euro. In pre-open trading, the U.S. Nasdaq and S&P 500 have strengthened […] More
Tags: Bank of Israel, British and Eruoland construction purchasing manager surveys, Euroland PPI and retail sales
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New Overnight Developments Abroad - Daily Update
July 3, 2026
Overnight dollar movement was generally muted except for a 0.6% drop against the Korean won. The weighted DXY dollar index is down only 0.1%. There have been several significant upward movements of equity markets around the Pacific Rim led by a 5.8% rally in South Korea and including gains of 2.3% in Indonesia, 1.5% in […] More
Tags: composite and service sector purchasing manager surveys, Euroland current account, Turkish CPI and PPI
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New Overnight Developments Abroad - Daily Update
July 2, 2026
The dollar gave back a little ground overnight but remains elevated in the context of this century’s general experience. The U.S. currency lost 0.7% against the yen but remains close to a four-decade peak. The euro edged up 0.2% but is closer to its all-time low of $0.8230 touched in 2000 than the high of […] More
Tags: Euroland unemployment, Swiss CPI, U.S. June 2026 employment situation
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New Overnight Developments Abroad - Daily Update
July 1, 2026
The optimistic rise of equities and bond prices at the end of the last quarter gave way to profit-taking as the new one kicked off. Equity markets in the Pacific Rim closed down 2.0% in South Korea and 0.6% in Australia and Hong Kong. Major European stock markets and futures trading of the four major […] More
Tags: Bank of Japan Tankan, Euroland consumer price inflation, Japanese consumer confidence, manufacturing PMI results
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New Overnight Developments Abroad - Daily Update
June 30, 2026
Many data have been released on this final day of June and the second quarter of 2026. In other developments, U.S. and Iranian peace negotiators are in Qatar to enter a new and delicate stage of talks, with each side interpreting the results of prior talks differently and military skirmishes still happening, and the other […] More
Tags: CPI and PPI results, Japanese industrial production, U.S. house price inflation
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