British CPI and PPI
Elusive Peace in the Middle East Promoting Choppy Financial Market Conditions
July 22, 2026
The Trump Administration has no inclination to resume talks so long as the Houthi threat to halt traffic out of the Red Sea remains. Resumed military conflict has now stretched to 11 days, and this geopolitical purgatory is getting mimicked by oscillating financial market movements from one day to the next. The lurches haven’t necessarily […] More
Investor Attention Focused on Today’s FOMC Decision, Updated Forecasts and Chairman Kevin Warsh’s Maiden Press Conference
June 17, 2026
World financial markets not surprisingly marked time overnight. There has been a disconnection between, on the one hand, a euphoric investment community reaction on Monday and Tuesday to Sunday’s news of an interim deal between Iran and the United States that is supposed to get signed Friday in Geneva and the parade of foreign policy […] More
Investors Decide that Breakdown in Talks and Indefinite Extension of Ceasefire and Strait’s Continuing Shutdown Are Not the Worst Outcome
April 22, 2026
No progress has been made in breaking the U.S./Iranian impasse. Talks did not resume in Pakistan, and no timetable for when formal talks might be held has been disclosed. Each side is successfully maintaining a blockade, and the resulting shortfall in global oil supply continues to mount. A 1% overnight rise in the price of […] More
Markets Cheered by News of 15-Point U.S. Peace Plan to End Middle East War
March 25, 2026
So far, Iran shows little sign of deescalating, and the all-import Strait of Hormuz remains effectively shut to shipping traffic. Nevertheless, as of 08:15 EDT, the dollar had risen overnight by 0.5% against the Australian dollar, 0.3% relative to the kiwi, 0.2% versus the yen and Canadian currency, and 0.1% vis-a-vis the euro, Swiss franc, […] More
British CPI Inflation Not as High in September as Thought
October 22, 2025
Less than 36 hours ago, investors were anticipating key meetings between President Trump and the leaders of Russia and China later this month. Symptomatic of other geopolitical flip-flops, each of those meetings now seems in doubt. This second Trump administration has been loaded with press events and other news-worthy events to a much greater extent […] More
Dollar Marginally Higher
February 19, 2025
No matter what else might be scheduled or happening, U.S. President Trump’s persistent sound and fury is managing to get top billing on a daily basis, not just in America but around the world. Everything else, even an atypical spree of airplane accidents, has been smothered by Trump news and become secondary. In overnight trading, […] More
Several Points of Focus Today
November 20, 2024
Third-quarter earnings from the Nvidia, which arrive after markets close today, could be highly influential in determining where the stock market goes from here. Forward guidance from the AI chipmaker holds the key. Disinflation and sluggish growth in the euro area are the backdrop to the recent less hawkish tone of ECB officials, but today’s […] More
Several Central Bank Policy Reviews and Signs of Receding Inflation
October 16, 2024
Central bank policy interest rates were cut today in the Philippines, Thailand and Namibia, each by 25 basis points, while Indonesia’s 7-day repo rate, which had been reduced at last month’s review, was not changed. Just prior to the release of U.S. import and export price figures, the dollar was showing no net change overnight […] More
Central Bank News and Released Data Share Wednesday’s Spotlight
May 22, 2024
The dollar continues to trade buoyantly, firming overnight by 0.3% against the yen, 0.4% versus the Swissy, and 0.2% relative to the euro and Canadian dollar. Ten-year sovereign debt yields are higher, led by an 11-basis point jump in British gilts following higher-than-projected CPI inflation last month of 2.3% but also including rises of six […] More
Widening Gap Between Fed and ECB Interest Rate Outlooks, Updated IMF Growth Forecasts, and a Slew of Price Data
April 17, 2024
The dollar and U.S. equities are little changed this Wednesday. Japan’s Nikkei-225 index closed down 1.3%, but share prices rose 2.1% in China and 1.6% in Taiwan. European stocks are up, too. Bitcoin’s price plunged 4.4% overnight, extending its drop over the past five weeks to 17%. WTI oil is down 1.2%, but gold is […] More
