Easter Sunday, Bloody Sunday

April 22, 2019

Numerous markets remained closed this Monday in continuous observance of Easter, including  those in France, Germany, Great Britain, Italy, South Africa, Australia, Spain, New Zealand, Norway and Canada.

I can’t believe the news today
Oh, I can’t close my eyes
And make it go away
How long?
How long must we sing this song?   -U2

Eastern Sunday in Sri Lanka was marred by a series of deadly attacks on church worshipers and hotels in that country. The atrocities are believed to have been the work of an extremist group of Islamic militants and killing around 300 people and wounding many others.

In what few markets are open this Monday, there is calm. The dollar fell 0.4% against the Mexican peso and 0.1% versus the Canadian dollar but has arisen 0.3% relative to the Swiss franc, Aussie dollar, and kiwi, 0.2% relative to sterling, and 0.1% vis-a-vis the euro. The dollar is unchanged versus either the Chinese yuan or Japanese yen.

Japan’s Nikkei firmed a mere 0.1%, and the 10-year Japanese JGB yield edged up a basis point to -0.03%. Share prices rose 1.7% in China but fell 1.4% in Indonesia, 1.3% in India, 0.7% in Israel, 0.6% in Turkey, and 0.4% in Saudi Arabia. WTI oil has moved above $65 and shows a net climb of 2.0%. Gold is 0.4% firmer.

Turkish consumer confidence advanced 4.1 index points to an 8-month high in April of 63.5.

U.S. existing home sales data and the Chicago Fed National Activity Index will be released later this morning.

Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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