Bank of Korea
Unease about the Future
February 25, 2025
Equities this Tuesday did poorly in the Pacific Rim, closing down 2.4% in Indonesia, 1.8% in New Zealand, 1.4% in Japan, 1.3% in Hong Kong, 1.2% in Taiwan, 0.8% in China and 0.6% in South Korea. Digital money experienced a stellar 2024 but now two months into 2025 is fast approaching what constitutes as a […] More
Much U.S. Data, An Unclear Truce Between Israel & Hamas, ECB Minutes and Much More
January 16, 2025
U.S. data reported this Thursday revealed The biggest weekly total of new jobless insurance claims (217k) in three weeks but their lowest 4-week average in 42 weeks. A healthy labor market, all in all. A 0.4% rise in retail sales last month, somewhat less than forecast but following an upwardly revised 0.8% advance in November. […] More
Thanksgiving Day Roundup
November 28, 2024
While Americans observed their Thursday Thanksgiving holiday, the dollar strengthened 0.1-0.3% against the euro, yen, Swiss franc, sterling and Australian and New Zealand dollars but also retreated 1% against the Mexican peso. Stock markets in the Pacific Rim dropped 1.5% in India and New Zealand, 1.2% in Hong Kong, 0.6% in Indonesia and 0.4% in […] More
Dollar Up Against Yen and Canadian Dollar but Flat Relative to Euro and Sterling
October 11, 2024
Yesterday’s U.S. CPI report delivered mixed news, so investors seek further reassurance from today’s producer price inflation due today and projected to dip modestly on both a month-on-month and year-on-year basis. Overnight trading saw the dollar advance 0.4% against the yen, 0.3% versus the Canadian dollar, and 0.2% relative to the Australian dollar, but no […] More
Likelihood Rises that Both the Fed and ECB Will Cut Interest Rates Next Month
August 22, 2024
A sizably large downward benchmark revision of U.S. jobs growth between March 2023 and March 2024 is the latest news to solidify the probability that the Fed will start cutting interest rates in September. Investors look to Chairman Powell’s speech tomorrow for additional clarity about the speed of rate reductions thereafter. At the same time, […] More
Steller Nvdia Earnings, Early May Purchasing Manager Surveys, and Central Bank Rate Announcements in Turkey and South Korea
May 23, 2024
AI Bellwether Nvidia earnings and revenues soared past expectations last quarter, with on-year jumps of 461% and 262%, respectively. The company’s share price jumped 7.2% in after-hours trading, helping to drive up the Nasdaq and SPX by 1.0% and 0.6% in futures. Equity markets in Japan (+1.3%) and India (+1.6%) were big winners, too. But […] More
Dollar Strengthens to 2024 High
April 12, 2024
Fear that Iran is going to attack Israel is augmenting economic factors strengthening the dollar, which climbed 0.7% on a weighted basis to its strongest point since November. Today’s release of U.S. import price data also buoyed the U.S. currency. Import price gains in March of 0.4% both on month and year-on-year exceeded expectations. Import […] More
Renewed Appetite for Risk
February 22, 2024
Following a near-3% slide Wednesday prior to a better-than-forecast earnings report, Nvidia stock has shot up 13% in pre-open futures trading. The tech-intensive Nasdaq has climbed 2% in pre-market trading, followed by a 1.3% jump in the SPX and a lesser 0.4% DJIA advance. Other stock markets have done well, too. Japan’s Nikkei finally after […] More
A Further Surge in Market Interest Rates Ahead of Biden & Powell Speeches Later Today
October 19, 2023
The 30-year Treasury yield jumped to a new high overnight of 5.07%, and the 10-year Treasury gained 7 basis points and is within 3 basis points of 5.00% versus 3.68% at the start of 2023. Surging interest rates continue to drain enthusiasm from stocks. Share prices overnight tumbled 2.5% in Hong Kong, 1.9% in Japan […] More
Softer Dollar As 2-Day FOMC Meeting Gets Underway
September 19, 2023
The dollar slipped overnight by 0.4% against the Canadian, Australian and New Zealand dollars, 0.2% relative to sterling, 0.3% against the peso and 0.1% vis-a-vis the euro and Swiss franc. Dollar/yen is steady. Share prices fell 0.9% in Japan, 0.7% in Singapore, 0.6% in South Korea, 0.5% in Australia and 0.4% in India and Taiwan. […] More
