coronavirus
Markets Turning Increasingly Disorderly
March 6, 2020
Share prices are down over 3.0% in the U.K., France, Germany, Spain, Italy, and Switzerland even though a decent U.S. labor market report is anticipated. Equity markets in the Pacific Rim closed down 2.7% in Japan, 2.8% in Australia, 2.5% in Indonesia, 2.3% in India, 2.2% in South Korea, 2.0% in New Zealand and 1.9% […] More
Share Prices Tumble in Tandem with Proliferating Coronavirus Cases
February 28, 2020
Stock markets tumbled 3.7% in Japan and China, 3.6% in India, 3.3% in South Korea, 3.3% in Australia, 2.4% in Hong Kong and 3.2% in Singapore. Declines today in Europe so far exceed 2.5% in the U.K., Germany, France, Switzerland and Italy. Spain’s drop is almost there at 2.3%. 10-year sovereign debt yields plumbed deeper […] More
Steep Slide in Equities as Covid-19 Virus Spreads Beyond China in Unidentifiable Ways
February 24, 2020
Reported coronavirus cases and deaths jumped over the weekend in three disparate countries (South Korea, Italy and Iran). Not only are these place far apart in distance, but scientists have been in many instances unable to connect the exact source of exposure outside of China. It’s been difficult to separate fact from fiction as all […] More
Risk Preference Restored to Some Extent
February 19, 2020
EUR/USD is unchanged from yesterday’s closing level. The dollar is also flat against the yuan and kiwi, up most strongly versus the yen (0.8%) and then 0.3% relative to sterling. To the surprise of few, Prime Minister Boris Johnson is not proving to be as adept at governance as he was at running for election. […] More
Dollar Draws Strength from Coronavirus and Lower Financial Market Confidence in Euroland Economic Outlook
February 18, 2020
Share prices fell today by 1.5% in Hong Kong and South Korea, 1.4% in Japan and 1.0% in Taiwan. Equity markets are down in Europe by 0.9% in the U.K., 0.7% in Germany, 0.5% in France and 0.4% in Switzerland. Risk aversion is also reflected in fixed income markets, where 10-year sovereign debt yields have […] More
Coronavirus Takes Turn for the Worse, and British Cabinet Reshuffled Significantly
February 13, 2020
Thursday has been a difficult day in world financial markets, absorbing the news of an exponential increase in suspected coronavirus cases, as well as the unexpected quitting of British Chancellor of the Exchequer Javid and departure of several other members of Prime Minister Johnson’s cabinet. Share prices tumbled 1.6% in Great Britain, 1.2% in Spain, […] More
Comparatively Steady Dollar to Start Week
February 10, 2020
The dollar is unchanged from Friday closing levels against the yen, Swiss franc, loonie, and kiwi, and it has edged a mere 0.1% lower relative to the euro, Aussie dollar and peso. Bigger drops can be seen of 0.3% versus the yuan and 0.4% relative to sterling. Share prices fell 0.5-0.8% in a number of […] More
PMI Surveys, Post-Brexit Britain, and Coronavirus Concerns Vie for Market’s Attention
February 3, 2020
The dollar advanced today by 1.5% against sterling and 1.2% against China’s renminbi. The European Union’s lead trade negotiator expressed doubt that a trade deal with the U.K. similar to what Britain shares with Canada can be reached this year. China’s stock market dived 7.7% on the first trading day after the New Year holiday […] More
Many Data Releases while Investors Monitor Coronavirus and Await FOMC Decision
January 29, 2020
China remains closed ostensibly for holiday but in reality due to the spreading coronavirus epidemic with the number of confirmed cases so far surpassing 6,000. Taiwan markets also were shut. The dollar firmed overnight by 0.3% against the kiwi, 0.2% relative to the euro, Swiss franc, loonie and Aussie dollar, and 0.1% vis-a-vis the peso […] More
Three Shocks to Investor Sentiment
January 27, 2020
It’s been a difficult day in the marketplace despite the closure of many markets including China, Australia, Hong Kong, Singapore, South Korea and Taiwan for Australia Day and the Chinese New Year. The safety of investments has displaced the usual priority of return on investment. The dollar advanced overnight by 0.7-0.8% against a number of […] More
