Chinese GDP

Watching China and Central Banks

July 15, 2021

The U.S. dollar edged slightly higher overnight, with gains of 0.4% against the Australian and New Zealand currencies, 0.3% versus the euro, and 0.1% relative to the Swiss franc, loonie, and DXY weighted index. Alternatively, the dollar slipped 0.2% against the Chinese yuan and 0.1% versus sterling, while dollar/yen stayed steady. Share prices had climbed […] More

Chinese Data, MLK Day and First Central Bank Rate Change of 2021

January 18, 2021

Financial markets this Monday will lack U.S. leadership due to the observance of MLK Day. In the wake of aroused racial strains that culminated in the 1/6 domestic terrorism attack on the nation’s capitol, there is extra poignancy to this year’s observance and uneasiness that more violence may mar this day. The National Bank of […] More

Chinese Data Dominate Monday Newswire

October 19, 2020

Chinese real GDP expanded at a solid, albeit less-than-forecast 2.7%, rate in the third quarter, supported by strengthening exports, consumption and business expenditures. This lifted the year-on-year growth rate to 4.9% from 3.2% in 2Q and negative 6.8% in 1Q when many activities were locked down. Chinese industrial production and retail sales in September were […] More

Covid-19 Is in Control Rather than Being Under Control

July 16, 2020

The best laid plans of mice and men…. Governments want to reopen economic activity, but a rising curve of new coronavirus cases both around the world and in the United States is setting other imperatives. Over the past 24 hours, there were 230.3k cases world wide, including a record 71.7k in the United States, where […] More

Brexit Headed for Photo Finnish and a Lot of Chinese Data Released

October 18, 2019

A debate and vote on British Prime Minister Johnson’s deal with the EU is scheduled Saturday. He needs 318 yes votes for approval, and the outcome figures to be very close to that threshold. Johnson needs only a simple majority win. In a more perfectly designed political system of self-governance, a decision with such profound […] More

Bunch of Chinese Data Releases to Start the Week

July 15, 2019

Financial market activity was muted as July’s third week got under way. Japan was closed for Marine Day. The dollar is unchanged from Friday closing levels against the yen and euro. The greenback has slipped 0.4% versus the kiwi, 0.2% relative to the Australian dollar and by 0.1% vis-a-vis the yuan, Swiss franc, peso, and […] More

Continuing Move Into Riskier Assets

April 17, 2019

Share prices in Europe and Asia mostly rose. So did 10-year sovereign debt yields and the price of oil. The dollar is unchanged on net against the yen and sterling. The greenback lost 0.5% against the Canadian dollar, 0.3% relative to the Australian dollar and yuan, 0.2% versus the euro and peso, and 0.1% against […] More

Investors Remain on Edge

October 19, 2018

China reported the lowest on-year GDP growth (6.5% in 3Q) since the first quarter of 2009. Damning evidence continues to mount that the highest levels of the Saudi government were complicit in the likely death of dissident journalist Khashoggi. U.S. Treasury Secretary Mnuchin upcoming trip to Saudi Arabia was cancelled. Two Fed officials, Governor Quarles […] More

Dollar Eases a Tad In Spite of Divergent Reported Data

July 16, 2018

The dollar declined 0.6% against the peso, 0.4% versus the Swiss franc, 0.2% relative to the euro, kiwi, loonie and sterling, and 0.1% vis-a-vis the yuan and Australian dollar. With Japanese markets closed for Marine Day, the dollar remained unchanged against the yen. Stocks in the Pacific Rim declined 0.9% in Singapore, 0.7% in Indonesia, […] More

Some Data Surprises

April 17, 2018

There’s been a surprisingly large downward revision in Japanese industrial production during February from an increase of 4.1% reported initially to a zero percent month-on-month change. That flat performance follows a 3.1% drop recorded in January and left output just 1.6% higher than a year earlier. By comparison, industrial production posted a 4.3% on-year advance […] More

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