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May 29, 2026
The verbal message that a peace deal in the Middle East, which began very soon after the conflict’s outbreak, may be getting stale but nonetheless continues to temper the reaction of financial markets. The Strait of Hormuz remains largely shut. Fighting in Lebanon continues. The U.S. has still not signed off on the reported deal […] More
Tags: Canadian and Taiwanese GDP, French and Italian GDP, U.S. merchandise trade deficit
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 28, 2026
From a military standpoint, it doesn’t look like long-term peace in the Middle East is close at hand. The U.S. and Iran traded military strikes already this week, and the ceasefire between Israel and Lebanon is being repeatedly violated as well. Nonetheless, reports continue that Iranian and U.S. negotiators are close to a penciling a […] More
Tags: Bank of Korea, ECB minutes, Euroland economic sentiment, South African Reserve Bank, U.S. 1Q revised GDP, U.S. personal spending and PCE price deflator
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 27, 2026
The news regarding U.S.-Iranian negotiations remains confusingly mixed, but the market’s attention has honed in on an optimistic comment on Iranian state news predicting a return to pre-war shipping traffic through the Strait of Hormuz within a month. In response, the price of WTI crude dived as low as $87.77 (a 40-day trough) and is […] More
Tags: Australia CPI, BOJ Governor Ueda, French consumer confidence, Reserve Bank of New Zealand
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 26, 2026
In overnight trading following the extended U.S. Memorial Day holiday weekend, the dollar strengthened 0.8% against the Indonesian rupiah, 0.5% vis-a-vis the kiwi, 0.3% relative to sterling, the Mexican peso and Swiss franc, and 0.2% versus the yen and euro. Advances so far in the Russell 2000, Nasdaq and S&P 500 amount to 1.7%, 1.3% […] More
Tags: National Bank of Hungary, National Bank of Kyrgyzstan, Singapore GDP and current account, U.S. consumer confidence and house price inflation
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 25, 2026
(138) U.S. and British financial markets will be closed for Memorial Day and the late spring bank holiday, respectively. While many other European countries will be observing Whit Monday, the major stock markets are open. President Trump keeps dangling the prospect of a coming deal with Iran to end the war, reopen the Strait of […] More
Tags: Bank of Israel
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 22, 2026
This week at least the lack of cheery news on the U.S./Iranian negotiating front was outweighed by proof of continuing heavy investment in AI and overall strong profitability in the tech industries. U.S. equities rose further today. Japan’s Nikkei leaped by 2.7% and was nearly matched by a rebound in Taiwanese equities. Stock markets rose […] More
Tags: French business confidence, German business climate, Japanese CPI, U.S. consumer confidence
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 21, 2026
Whereas it was President Trump’s questionable decision to launch a military attack on Iran with the intent of never allowing the current regime there to possess nuclear weapons lit the fire of global inflation and the second major supply shock of this decade, purchasing manager surveys reported today suggest that other countries so far are […] More
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 20, 2026
As has become increasingly common, same-day movement in Asian equity markets has been opposite in direction from the trends in Europe and North America. On this Wednesday, Pac Rim share prices closed lower, including losses of 1.7% in New Zealand, 1.3% in Australia, 1.2% in Japan and 0.9% in South Korea. The major euro area […] More
Tags: Bank Indonesia, British CPI, Cental Bank of Iceland, Central Bank of Mauritius, Peoples Bank of China
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 19, 2026
In there deepening impasse, the U.S. and Iranian negotiators have seemingly moved further away from any willingness to compromise their demands. Trump claims to have postponed a planned obliteration of Iran to give peace one last chance, but Iranian negotiators treated his revelation as a bluff. Trump, too, seems to be holding fewer cards, as […] More
Tags: British labor market data, Canadian consumer prices, Euroland trade surplus, Japanese GDP
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 18, 2026
(139) Now into its twelfth week, the negotiating impasse between the United States and Iran and ongoing halt to shipping traffic through the Strait of Hormuz continues to override all other factors affecting financial markets especially in the face of evidence of mounting inflationary pressure around the world. The latest U.S. proposal, an offer to […] More
Tags: Chinese retail sales and industrial production, U.S. NAHB index
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
