January in Figures

January 31, 2013

The euro strengthened against most currencies in January including the Swiss franc and sterling but especially versus the yen.  Shifts in Japanese macroeconomic policies and the weakness of the yen gave a big lift to Japanese equities.  Other stock markets also improved, but those in Germany and Canada rose by comparatively less.  A notable exception to the continuing uptrend of long-term interest rates was Japan, underscoring great investor doubt about Japan’s chance of eventually attaining a 2% inflation rate.  Oil prices moved closer to the key $100 per barrel level, while gold stagnated.

10-Yr Yield 12/31/12 01/31/13 Chg vs End-Dec
U.S. 1.76% 1.98% +22 Basis Points
Germany 1.32% 1.68% +36
Japan 0.79% 0.75% -4
U.K. 1.83% 2.11% +28
Canada 1.79% 1.99% +20
Switzerland 0.45% 0.80% +35
3-month euros     Chg vs End-Dec
U.S. 0.31% 0.30%   -1 Basis Point
Euroland 0.13% 0.15% +2
Japan 0.18% 0.17% -1
U.K. 0.52% 0.51% -1
Canada 1.24% 1.21% -3
Swiss 0.01% 0.02% +1
FX   Pct Chg in USD Pct Chg in USD
EUR/USD 1.3193 1.3577 -2.8%
USD/JPY 86.77 91.57 +5.5%
USD/CHF 0.9156 0.9108 -0.5%
GBP/USD 1.6238 1.5854 +2.4%
AUD/USD 1.0396 1.0427 -0.3%
NZD/USD 0.8284 0.8388 -1.2%
USD/CAD 0.9930 0.9976 +0.5%
USD/CNY 6.2317 6.2185 -0.2%
Equities     Chg vs End-Dec
S&P 500 1426 1498 +5.2%
Nasdaq 3020 3142 +4.0%
Djia 13104 13861 +5.8%
Dax 7612 7776 +2.2%
Nikkei 10395 11139 +7.2%
Ftse 5898 6277 +6.4%
Canada TSE 12434 12685 +2.0%
Swiss SMI 6822 7391 +8.3%
Commodities     Chg vs End-Dec
Oil, $ per brl 91.82 97.49 +6.2
Gold, $ per oz 1674.80 1660.60 -0.8%

Copyright Larry Greenberg 2013.  All rights reserved.  No secondary distribution without express permission.

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