Canadian retail sales

Dollar and Equities Strengthened Overnight

May 21, 2021

Preliminary May purchasing manager survey findings for Euroland show a 39-month composite index high despite marginally slower growth in manufacturing due to intensifying supply chain delays. Service sector activity is benefiting from a relaxation of Covid restrictions, and overall optimism regarding the one-year outlook remained high in May in spite of higher inflation. The French […] More

Tough Week for Central Bank Credibility

March 19, 2021

At Wednesday’s press conference, Fed Chairman Powell tried to assuage investor concerns about inflation and the possibility of an earlier Fed tightening than indicated in the central bank’s forward guidance. Markets didn’t quite believe the dovish tone and drove the 10-year Treasury yield from 1.63% then to a high yesterday of 1.76%. Tech stocks in […] More

A Week of Transition Ends with Release of Weak Data and Fresh Investor Uneasiness

January 22, 2021

The Biden Administration has been busy reorienting American policies, but markets today are most fixated on alarming Covid trends and fresh evidence of their adverse impact on economic activity. U.S. equity futures are set to open 0.5-1.0% lower today after markets closed down 1.7% in Indonesia, 1.6% in Hong Kong, 1.5% in India, 0.9% in […] More

Regional Themes

January 24, 2020

Asian market activity was depressed by Chinese New Year holiday observances. Equity markets were shut in China, Singapore, Hong Kong, Vietnam, South Korea, and Taiwan. That being said, fears and anger related to the coronavirus outbreak have intensified. Some 40 million people in China have been quarantined. In other Asian news, Japanese CPI inflation ended […] More

WTI Oil Extends Rise Above $40 Level

March 18, 2016

West Texas Intermediate oil has climbed another 1.8% to $40.93 per barrel.  There has been a rebound of 56.6% since February 11 when oil touched its lowest level since May 2003. The rebound in oil has maintained a bid tone in share prices.  The DOW is 0.7% higher.  Stocks have risen 0.5% in Spain and […] More

Bad News Delivered in Japan’s Trade Data

August 22, 2012

Asian markets were rattled by a reported 8.1% on-year decline in Japanese customs exports.  Shipments to the EU and China plunged by 25.1% and 11.9%, respectively.  Today’s meeting of EU President Juncker and Greek Prime Minister Samaras added to the nervous undertone of the market. Share prices declined 1.1% in the Philippines and Hong Kong, […] More

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