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May 20, 2022
Amid bear markets, investors periodically test the waters in search of good values. Today has been one such day. The week will end with huge net share price declines, but on this Friday equities closed up 3.0% in Hong Kong, 2.9% in India, 1.8% in South Korea, 1.6% in China and Singapore, 1.4% in Indonesia […] More
Tags: equity markets, German PPI, Japanese CPI, Peoples Bank of China
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 19, 2022
It’s no longer about the data, or the news for that matter. A self-perpetuating technically-driven downward dynamic has taken over financial markets. For the Nasdaq, the bear market threshold was breached a while ago. S&P futures are within a percent of bear market territory, and its only a matter of time before the Dow joins […] More
Tags: Australian unemploymentg, Central Bank of Sri Lanka, Central Bank of The Philippines, Euroland current account
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 18, 2022
It’s not surprising that the investor move back into riskier assets over the prior three sessions proved to be short-lived because the reasons behind this year slide in equities and rise of the dollar hadn’t disappeared. The three main U.S. stock market indices are down 0.5-1.0% in futures trading. Smaller dips have occurred in Europe. […] More
Tags: British CPI, Canada CPI, Central Bank of Tunisia, Central Bank of Uruguay, Euroland CPI, Japanese GDP
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 17, 2022
Euroland GDP growth last quarter was revised marginally higher. British labor market data showed greater resilience than imagined, and Chinese officials indicated progress against Covid and plans to reopen Shanghai. Recent U.S. earnings reports from retailers have exceeded expectations. Share prices rallied Tuesday, closing up 3.3% in Hong Kong, 2.6% in India, 1.0% in Taiwan, […] More
Tags: Covid cases in the U.S., Euroland GDP, U.S. retail sales
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 16, 2022
Investors got some bad news from April Chinese economic data and the European Union’s spring forecast. Equity markets closed down 0.3% in China, South Korea, and India but up 0.5% in Japan and 0.3% in Australia. The German Dax and Paris Cac are down 0.6% and 0.4%, and U.S. stock futures have dropped, too. Ten-year […] More
Tags: Chinese retail sales and industrial production, Euro area spring 2022 forecast, Euroland trade balance, German wholesale prices, Japanese PPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 13, 2022
Within bear markets, brief interruptions happen typically as investors pause to take in the carnage and test markets to see if perhaps enough has been lost to secure a trend reversal. Today’s been one such instance. Share prices rose in Pacific Basin markets by 2.7% in Hong Kong, 2.6% in Japan, 2.1% in South Korea, […] More
Tags: Bank of Mexico, Central Bank of Argentina, Central Reserve Bank of Peru, Euroland industrial production, U.S. import prices
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 12, 2022
Equities hit an air pocket on Thursday in the Pacific Rim and Europe, closing down 2.2% in Taiwan and Hong Kong, 3.2% lower in Indonesia, and off 1.8% in Japan and Australia, 2.1% in India, 1.6% in South Korea and 1.9% in Singapore. Share price declines of 2.0% or more have so far occurred in […] More
Tags: British GDP and industrial production, British trade deficit, National Bank of Serbia, U.S. PPI
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 11, 2022
Ahead of April CPI figures due at 12:30 GMT (08:30 EDT), U.S. stock futures are pointing to a rise of 1.0% or more. Analysts are predicting that on-year inflation will be closer to 8.0% than March’s 483-month high of 8.5%. It is an act of faith based in part on base effects as high month-on-month […] More
Tags: Bank Negara Malaysia, China CPI, German CPI, National Bank of Georgia
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 10, 2022
Following Monday’s serious damage that saw the SPX and Nasdaq close 17% and 28.2% below their cyclical highs, U.S. stock futures show overnight gains of ranging from +0.6% in the DOW and 0.7% in the S&P 500 to 1.1% in the Nasdaq. Pac Rim equities today had mostly followed America’s downward lead from Monday, with […] More
Tags: consumer price data, German ZEW expectations index, Italian industrial prodution
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
May 9, 2022
An investor flight to safety gathered further pace amid inflation fears and expectations that central banks will need to speed up their pace of monetary tightening. When the FOMC after its first meeting in 2022 signaled that interest rate increases were coming soon, the thinking was that the central bank would change the rate in […] More
Tags: Indonesian CPI, Japanese PMIs, stronger dollar
Posted in New Overnight Developments Abroad - Daily Update | No Comments »
