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January 18, 2022
Share prices in Asia fell 0.9% in India and South Korea, 0.8% in Taiwan and 0.3% in Japan. European stock markets currently show daily drops of 0.9% in Germany, 0.8% in France, 0.6% in Italy and 0.3% in Great Britain. In U.S. futures trading, the tech-intensive Nasdaq is 1.5% lower, and losses in the S&P […] More
Tags: Bank of Japan, German ZEW expectations index, Swiss producer prices.
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
January 17, 2022
The U.S. observance of Martin Luther King Jr.’s birthday points to light market trading volume this Monday and will limit any immediate reaction to the release of Chinese data covering fourth-quarter GDP and capacity usage, December retail sales, industrial production, property prices, fixed asset investment, unemployment or the first interest rate cut by the People’s […] More
Tags: Chinese GDP, Chinese retail sales and industrial output, Japanese machinery orders
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
January 14, 2022
The dollar overnight rose 0.1% against the euro and on a weighted basis, held unchanged against the Swiss franc and sterling and fell 0.3% versus the yen. Share prices dropped 1.3% in Japan, 1.4% in South Korea, 1.1% in Australia, and 1.0% in South Korea. The German Dax and Paris Cac show losses so far […] More
Tags: Bank of Korea, British industrial production and trade balance, China trade balance, German GDP
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
January 13, 2022
The dollar didn’t handle Chairman Powell’s reconfirmation hearing or yesterday’s CPI release very well and is currently trading below Tuesday highs by 1.9% against the Australian and New Zealand dollars as well as versus the Turkish lira. There are also losses over this period of 1.6% against the Canadian dollar, 1.4% relative to the Swiss […] More
Tags: dollar movement this week, Jay Powell and Lael Brainard, Turkish retail sales and industrial production
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
January 12, 2022
The following price data were reported before the highly awaited U.S. CPI report: Chinese consumer price inflation slowed more than predicted in December, dropping 0.8 percentage points from a 15-month high of 2.3% in November to a 2-month low of 1.5%. Average CPI inflation in 2021 of 0.9% was only a third of the government’s […] More
Tags: China CPI and PPI, Euroland industrial production, Japanese current account, U.S. CPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
January 11, 2022
There’s been no significant developments on the economic data front today. Investors are looking ahead to tomorrow’s data menu featuring U.S. consumer prices, Chinese CPI and PPI, Euroland industrial production and the Japanese current account and economy watchers index. The market’s immediate focus now is on Fed Chairman Powell’s confirmation hearings today before the Senate […] More
Tags: Fed Chairman Powell, U.S. Covid cases, U.S. small business sentiment
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
January 10, 2022
The dollar climbed 0.4% versus the Swiss franc, 0.3% against the euro, and 0.2% on a weighted basis, while also slipping 0.3% against the yen, 0.2% versus the kiwi and 0.1% against sterling. The greenback stayed unchanged vis-a-vis the Canadian and Australian dollars. U.S. stock futures and key European stock indices are a tad softer, […] More
Tags: Euroland unemployment, Norwegian CPI and PPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
January 7, 2022
The case is growing for an FOMC rate hike in March. From a monetary policy standpoint, Fed officials are expected to pay more attention to faster-than-expected wage growth and lower-than-forecast unemployment last month than to December’s 199k rise in jobs, which was only half as much as predicted. For one thing, employment growth in October-November […] More
Tags: Central Reserve Bank of Peru, Euroland retail sales and economic sentiment, Japanese household spending, U.S. jobs resport
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
January 6, 2022
FOMC minutes released yesterday afternoon, which served notice that the federal funds rate is likely to rise further in 2022 than implied earlier and that central bank balance sheet reduction will commence sooner too, have helped allay concerns that monetary officials are treating the threat of inflation too lightly. Given this change, investors on the […] More
Tags: Euroland PPI, German factory orders, Japan and China composite purchasing manager surveys, U.S. trade deficit
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
January 5, 2022
FOMC Minutes from the December policy meeting, due at 14:00 EST (19:00 GMT) will be combed for further clarity about bond purchase tapering, Fed balance sheet management, the timing of an initial hike of the federal funds rate target, and how aggressively the rate might be raised thereafter. With this big event just hours away, […] More
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
