consumer confidence
Marking Time Ahead of U.S. Data Releases
March 27, 2012
Remarks by Fed Chairman Bernanke on Monday reaffirming no predisposition to abort the ultra-easy policy stance sooner than implied previously had an electrifying impact on financial markets, boosting the commodities and equities and dampening the dollar and bond yields. The S&P closed at its best level since mid-May 2008. Overnight in the Pacific Rim, share […] More
Mixed U.S. Data Received Positively
February 28, 2012
Despite some weaker-than-expected data released today, U.S. share prices are higher, with the Dow at this writing trading above the key 13K level. A 4.0% dive in durable goods orders was the largest drop in three years, but such followed back-to-back increases of 4.2% in November and 3.2% in December and left January’s level of […] More
Markets Pumped by Fed Decision and Greek PSI Rumor
January 26, 2012
There is a stronger risk appetite today. The euro touched a 5-week high of $1.3176 and is 0.3% stronger on balance. The dollar has also slipped 0.6% relative to the Australian dollar, 0.5% versus the kiwi, 0.4% against the Swiss franc, 0.3% versus the loonie, 0.2% against the yen and 0.1% vis-a-vis sterling. The German […] More
Jackson Hole Expectations Dumbed Down
August 25, 2011
The annual Jackson Hole symposium sponsored by the Kansas City Fed begins today, with Bernanke speaking at 14:00 GMT tomorrow. Analysts have scaled back their expectations that he might unveil significant stimulus. The dollar is narrowly mixed, rising 0.4% against the kiwi, 0.2% relative to the yen, and 0.1% versus the Aussie dollar but easing […] More
Firmer Equities, Softer Dollar but Not Against the Yen
August 26, 2010
Stocks in the Pacific Rim advanced by 0.8% in Australia and Malaysia, 0.7% in Japan, and 0.3% in China and India. In Europe, the Paris Cac and British Ftse are 0.7% stronger, and the German Dax has edged 0.4% higher. Dollar/yen is steady at 84.60. Together the two currencies lost 0.5% against the euro, sterling, […] More
