China CPI and PPI
Anxious Start to a New Week
April 11, 2022
With central banks scrambling to counter inflation that has climbed far higher than anticipated, predictions are proliferating of a sharp economic slowdown or even a recession in the United States and many other economies. U.S. consumer price inflation is expected to have accelerated a half percentage point or more in March from February’s 7.9%. The […] More
Dollar Marking Time Ahead of the Release Shortly of U.S. Data and Later of FOMC Minutes
February 16, 2022
Minutes of the late January FOMC meeting get released today at 14:00 EST (19:00 GMT). Investors hope for further clues to how aggressively the committee will be raising the federal funds rate. Tensions along the Ukraine/Russian border remain high. While some Russian troops have been pulled back, other parts of the deployment continue to be […] More
Several Countries Releasing Price Data Today
January 12, 2022
The following price data were reported before the highly awaited U.S. CPI report: Chinese consumer price inflation slowed more than predicted in December, dropping 0.8 percentage points from a 15-month high of 2.3% in November to a 2-month low of 1.5%. Average CPI inflation in 2021 of 0.9% was only a third of the government’s […] More
Fresh Dose of Moderate Risk Aversion Attributed to Covid Concerns
December 9, 2021
Ten-year sovereign debt yields retreated overnight by four basis points in the Netherlands, Germany, France and Spain, three basis points in the United States and two basis points in Great Britain. Safe haven demand lifted the U.S. dollar by 0.6% against the Swiss franc and Mexican peso, 0.5% versus the euro and Chinese yuan, 0.4% […] More
Persistent Inflation Concerns Upsetting Equity Markets and Dollar to Lesser Extent
May 11, 2021
A sampling of Asian stock markets suffered loses Tuesday of 3.8% in Taiwan, 3.1% in Japan, 2.0% in Hong Kong, and 1.2% in Singapore and South Korea. Australia’s market fell 1.1%, and in Europe, markets are down currently by between 1.4% and 2.3% in Switzerland, Spain, Italy, France, the U.K. and Germany. Technology stocks have […] More
Optimism from the Vaccine and Policy Developments
December 9, 2020
Once again stocks have risen and the dollar fallen from optimism that the arrival of vaccines means the beginning of a return to a better normal. The focus on vaccines coincides with difficult trends in Covid cases, deaths and hospitalizations. New cases in the past 24 hours exceed 600k globally and 216k in the United […] More
Covid Risk and Political Uncertainty on the Market’s Mind
July 9, 2020
The global count of Covid-19 cases rose 216 thousand in the past 24 hours to roughly 12.2 million. In that span, there was a record 62 thousand rise in U.S. reported cases, even as President Trump threatened repercussions to school districts that do not reopen in the fall. The Covid death count stands just above […] More
Lower Dollar Ahead of FOMC Release
June 10, 2020
The Federal Open Market Committee reviewed U.S. monetary policy yesterday and today and will release a statement at 14:00 EDT (18:00 GMT) and updated forecasts. These will be followed by Chairman Powell’s press conference at 14:30. The 0-0.25% federal funds target will not be changed, but the forecasts, which ordinarily are revised quarterly, will be […] More
Good Friday 2020
April 10, 2020
With so many countries closed for Good Friday, there’s been no leadership to move world financial markets. The dollar is flat to -0.1% against other key currencies. The 10-year Japanese JGB yield is two basis points lower, while other sovereign debt markets are shut. Equity trading has been minimal, with Europe, Australia, New Zealand, Hong […] More
Partial Reversal of Monday’s Extreme Financial Market Moves but Mood Remains Extremely Guarded
March 10, 2020
Today’s rebound in equities and sovereign debt yields looks more like a dead-cat bounce than a trend reversal because the Covid-19 pandemic is still widening, skepticism about policy effectiveness and forcefulness is enormous, and the Saudi-Russian oil war is unsettled. Share prices in the Pacific Rim rose 1.8% in China, 3.1% in Australia, 1.6% in […] More
