Chinese CPI

Some Good News on This September 11th

September 11, 2017

Today is the 16th anniversary of the terrorist attacks on the World Trade Center and Pentagon that killed thousands, but there has so far been no follow-up acts of violence. On the contrary, North Korea failed to test another missile over the weekend, and property damages in Florida have apparently been less than half the […] More

Several Disinflationary Signs Around the World

April 12, 2017

Chinese consumer prices fell 0.3% on month in March and ¬†remained below a 1% 12-month trend at 0.9%. PPI inflation settled back to a 2-month low of 7.6%. U.S. import prices posted a monthly drop (0.3%) for only the third time in the past year and a smaller on-year advance of 4.2%. Non-fuel import price […] More

Oil Swoons, Dollar Firm, and an ECB Policy Meeting

March 9, 2017

West Texas Intermediate crude oil, which closed February above $54 and at 53.20 this past Tuesday, extended its plunge by 2.3% overnight to $49.12, a 3-month low. U.S. inventories are bloated. Due to a likely Federal Reserve interest rate hike next week and mounting expectations of perhaps three more increases during 2017, the dollar rose […] More

Greater Calm

January 10, 2017

Not much is happening this Tuesday. Several data releases corroborate other recent indications of improving global growth, mounting confidence, and rising inflation around the world. The dollar is unchanged against the euro and Swiss franc, up 0.1% versus the Australian and Canadian monies as well as sterling but down 0.2% relative to the yuan and […] More

New Zealand Dollar Volatility and Some Interesting Data Reports

October 14, 2015

A speech by Governor Wheeler of the Reserve Bank of New Zealand whip-sawed the kiwi.  The currency initially fell 0.4% to as low as USD 0.6619 when the central bank head indicated that the Official Cash Rate probably will fall further, contingent on future economic news, but it then roared back to USD 0.6726, a […] More

Continuing Risk Aversion after Poor U.S. Performance Yesterday

September 10, 2015

Stocks fell 1.4% in China and Singapore, 2.2% in Hong Kong, 2.5% in Japan, 0.4% in India, 0.2% in Taiwan and 0.1% in New Zealand and Indonesia. In Europe, equities are down 1.0% in Spain, 0.6% in France and Italy, 0.3% in Germany and the U.K., and 0.2% in Switzerland. The main currency development overnight […] More

China Situation Better, Greek Situation Still Ominous

July 9, 2015

The Shanghai Composite index of Chinese share prices jumped 5.8%, as officials imposed even more restrictions to prevent big sale orders and short selling in general.¬† Elsewhere in the Pacific Rim, stocks rose 4.5% in Hong Kong but fell 0.7% in Indonesia and Taiwan, 0.5% in New Zealand and Singapore and 0.4% in India.¬† The […] More

Rough Day Concludes Rough Week for Equities, Especially Tech Sector

April 11, 2014

Stocks in Europe have slumped so far by 1.8% in Germany and Switzerland, 1.7% in Spain, 1.4% in France and 1.2% in Britain and Italy. Japan’s Nikkei closed down 2.4%  and below the 14,000 level.  Stocks also dropped by 1.0% in Australia, 0.8% in Hong Kong, 0.6% in south Korea and 0.5% in New Zealand […] More

Some Interesting Data

July 9, 2013

Growth in Japan’s monetary base is seeping into the money supply.  A 3.8% on-year rise in M2 money in June was the most in over a decade.  M2 growth accelerated to 3.5% in the second quarter from 2.9% in 1Q and 2.5% in 2012.  Broad liquidity climbed 3.2% in the year to June, up from […] More

Stronger Aussie and New Zealand Dollars

May 9, 2013

Rises of 0.9% in the kiwi and 0.6% in the Australian dollars versus the greenback were inspired by better than expected labor statistics in those economies. Australian employment jumped 50.1K in April, easily reversing a 31.2K decline in March and forecasts of a 12-15K recovery.  The Aussie unemployment rate eased back to 5.5%, and labor […] More