British and Euroland construction PMIs
Bottom Fishing
August 6, 2024
After Monday’s historically sharp movements across many financial market types, investors overnight and early today took a chance on those movements being overdone but remained cognizant of the risk for aftershocks. The backdrop to Monday’s selloff remains pretty much intact, and today’s additional news hasn’t been particularly remarkable. One continuing concern is the potential for […] More
Weak European Data, Fizzled Oil Price Rally, and an Unexpected Australian Central Bank Rate Hike
June 6, 2023
Concerns about a global demand slowdown depressed the dollar, equities, and the prices of crypto and oil this Tuesday. The dollar fell 1.0% against the Aussie dollar, 0.6% versus the euro and yen, and 0.3% relative to sterling. An exception was the Turkish lira against which the dollar advanced by a further 1.2% overnight. Share […] More
Share Prices Up on Hopes that Covid-19 May Be Starting to Lessen
April 6, 2020
Stock markets in the Pacific Rim rallied 4.3% in Australia, 4.2% in Japan and South Korea, 4.1% in Indonesia, 2.2% in Hong Kong, and 1.6% in Taiwan. China and India did not partake in this rebound as those markets were closed Monday for the Ching Ming Festival and Mahavir Jayanti Holiday. Equities in Europe have […] More
