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July 23, 2021
July preliminary purchasing manager survey results reported today for the euro area, U.K., Australia and United States confirm continuing robust economic activity but weaker business confidence due to elevated inflation, supply-side constraints in labor and materials, and not least the highly infectious Delta Variant of Covid-19. The number of globally identified coronavirus cases keeps grinding […] More
Tags: Central Bank of Russia, purchasing manager indices, U.K. retail sales
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 22, 2021
New U.S. jobless insurance claims last week totaled 419K, 51k greater than in the prior week, roughly 70k above street expectations, and the most in nine weeks. The news dampened the stock market euphoria of recent sessions. The dollar is little changed from its closing Wednesday levels, with dips of 0.1% against the euro, yen […] More
Tags: Bank Indonesia, ECB monetary policy, French business confidence, National Bank of Ukraine, U.S. jobless insurance claims
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 21, 2021
U.S. share prices have risen somewhat more than 0.5% this Wednesday after Yesterday’s strong resurgence. European stock markets have recorded even sharper gains of 1.7% in the U.K., 1.9% in France, 1.4% in Germany and 2.7% in Spain. Second-quarter corporate earnings reports are dominating financial market sentiment. The dollar is currently trading around today’s lows […] More
Tags: Japanese trade balance, U.S. existing home sales
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 19, 2021
Friday’s equity market stumble extended into the new week, with losses Monday amounting to 1.8% in Hong, 1.4% in India, 1.3% in Japan and Singapore and 0.9% in Australia. In European tradeing, share prices so far today are down 3.5% in Greece, 3.0% in Italy, 2.1% in Germany and France, 2.0% in the U.K., and […] More
Tags: dollar movements, Euroland construction output, OPEC
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 16, 2021
Among today’s awaited events, U.S. retail sales will be reported within the half hour. Meantime, the Bank of Japan Board left policy settings unchanged and released new macro-economic forecasts. BOJ Governor Kuroda said economic activity will remain low for the time being as a result of the need for enhanced Covid restrictions. Revised Euroland CPI […] More
Tags: Bank of Japan, Euroland CPI and trade surplus, U.S. retail sales
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 15, 2021
The U.S. dollar edged slightly higher overnight, with gains of 0.4% against the Australian and New Zealand currencies, 0.3% versus the euro, and 0.1% relative to the Swiss franc, loonie, and DXY weighted index. Alternatively, the dollar slipped 0.2% against the Chinese yuan and 0.1% versus sterling, while dollar/yen stayed steady. Share prices had climbed […] More
Tags: Bank of Korea, Central Bank of Chile, Chinese GDP, Chinese retail sales and industrial production, Fed Chairman Powell
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 14, 2021
In overnight currency market action, the weighted dollar touched its highest level (92.83) since very early in April but subsequently settled back to 0.1% below its Monday closing level. Net dollar losses so far today are 0.4% versus the Mexican peso, 0.3% relative to sterling and 0.1% versus the yen, euro, loonie and Australian dollar. […] More
Tags: British CPI and PPI, Euroland industrial production, Japanese industrial production, Reserve Bank of New Zealand
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 13, 2021
Shortly before the release of U.S. June consumer price figures, the dollar had risen overnight by 0.3% against sterling, 0.2% relative to the euro, loonie, peso, and DXY weighted index, and 0.1% versus the New Zealand dollar. There was no net change against the Aussie dollar and a dip of 0.2% relative to the Swiss […] More
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 12, 2021
The dollar climbed 0.6% against the Mexican peso and New Zealand dollar, 0.5% versus the Australian dollar, 0.4% vis-a-vis the loonie, 0.3% relative to sterling an 0.1% against the yen but is steady versus the euro and yuan. Stocks in the Pacific Rim had closed up 2.3% in Japan, 0.9% in Taiwan, 0.8% in Australia […] More
Tags: Bangko Sentral Ng Pilipinas, German WPI, Japanese machinery orders
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
July 9, 2021
Following Thursday’s wave of risk aversion, equities and sovereign debt yields rose in early Friday trading, and the dollar edged lower. Several Chinese and British data were release. The People’s Bank of China cut reserve requirements by 50 basis points, which is projected to release about one trillion yuan of extra liquidity and hopefully buttress […] More
Tags: Canadian labor statistics, Central Reserve Bank of Peru, Chinese CPI and PPI, Italian industrial production, Peoples Bank of China
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Stocks Attempt to Bounce but Outlook Uncertain
