Canadian labor market data
Continuing Worry about China’s Economy and an Equivocal Remark from the President of the N.Y. Federal Reserve
September 8, 2023
Equities fell on Friday by 1.3% in Hong Kong, 1.2% in Japan, 0.8% in New Zealand, 0.4% in Indonesia, and 0.2% in China. Japanese GDP growth between the first and second quarters was revised downward from 6.0% at an annualized rate to 4.8%. Compared to 2Q 2022, however, GDP rose just 1.6%, little better than […] More
Little Market Reaction to Trump’s Indictment on Mishandling Classified Documents
June 9, 2023
The story of former U.S President Trump’s second indictment on criminal charges broke late yesterday. This development is unlikely to damage his prohibitive opinion poll lead among Republican candidates for that party’s presidential nomination next year, nor has it impacted financial markets, which are now awaiting important cues next week from central banks meeting in […] More
Muted Financial Market Activity Ahead of Good Friday/Easter Holiday
April 6, 2023
Aside from 0.5-0.7% gains against the Australian and New Zealand currencies, overnight dollar movement has been scant, with 0.1% dips against the yuan, euro and sterling and 0.1% upticks relative to the yen and loonie. U.S. stock futures are similarly very close to Wednesday closing levels. So are the prices of gold and oil. In […] More
Awaiting U.S. September Jobs Data
October 8, 2021
Equity markets and the dollar stayed in place overnight, pending new clues from the U.S. Labor Dept report. The dollar on balance is unchanged against the euro, loonie, Swiss franc and weighted DXY index. The dollar edged up 0.1% versus the yen, kiwi, and Aussie dollar and down 0.2% relative to the peso and 0.1% […] More
