Canadian labor statistics

Stocks Attempt to Bounce but Outlook Uncertain

July 9, 2021

Following Thursday’s wave of risk aversion, equities and sovereign debt yields rose in early Friday trading, and the dollar edged lower. Several Chinese and British data were release. The People’s Bank of China cut reserve requirements by 50 basis points, which is projected to release about one trillion yuan of extra liquidity and hopefully buttress […] More

Weaker-than-Forecast European Industrial Production Lifts Dollar

April 9, 2021

The dollar rebounded 0.2% against its weighted index overnight from a 2-week low. One boost came from a five-basis point rise of the ten-year U.S. Treasury yield, even though other comparable sovereign debt yields also advances strongly. The dollar rose 0.4% against the yen, 0.3% versus the Mexican peso, 0.2% vis-a-vis the Swiss franc and […] More

Large Rise in Dollar and Sovereign Debt Yields

March 12, 2021

Yesterday was a momentous day for the Biden Administration. He signed the nearly $1.9 trillion American Rescue Plan on the one-year anniversary of last year’s Covid lockdown and then gave his first prime time address to the nation, setting a goals for vaccinations and a start of permissible family gatherings. Overnight, the trade-weighted dollar climbed […] More

In Suspense Ahead of Tariff Announcements

September 7, 2018

President Trump is expected to announce a huge ramp-up in tariffs next week, especially on imports of Chinese goods, and China will no to retaliate in kind. Some pundits worry this escalating trade war will hammer U.S. equities, depress U.S. growth, lift U.S. inflation, and further incentivize the FOMC to raise interest rates. Stocks in […] More

Fresh Appreciation for Latest ECB Actions Spurs Market Rally

March 11, 2016

Share prices in Europe have rallied 3.1% in Germany, 4.4% in Italy, 3.3% in Spain, and 1.6% in Great Britain. Stock markets in the Pacific Rim closed up 0.3% in Australia, 0.5% in Japan, 0.2% in China and 0.4% in India. The Dow shows a current daily advance of 1.2%. West Texas Intermediate crude oil […] More

Weak Data Fuels Further Selling Pressure on Oil and Equities

October 10, 2014

Equities sold off further in Asia and Europe. The dollar is mostly higher.  Many in the U.S. are observing a 3-day weekend for the Columbus Day holiday. WTI oil dropped more than 1% to $84.55. Gold is 0.2% softer. 10-year gilt yields are five basis points lower.  10-year sovereign debt yields remain below 1.0% in […] More

Comments on U.S. and Canadian Jobs Data

July 5, 2013

The wire service headlines told the good news from the U.S. jobs report.  Employment in June, up 195K, was 30K more than forecast, while revisions to April and May levels identified 77K more workers than counted previously.  Growth in private-sector employment exceeded 200K in both May and June.  Jobs grew by a decent 1.7% over […] More

Stronger Euro and Commodity Prices

April 8, 2011

Gold at $1471.20 per ounce is at another record peak. Silver hit a 31-year high of $40.23 per ounce. Oil reached a 30-month high of $111.68 per barrel and is 1.1% stronger on the day. The ECB’s tightening yesterday has buoyed the euro, which at $1.4411 is 0.7% above yesterday’s closing level.  The dollar also […] More

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