Dudley
Deja Vu
August 17, 2016
Wednesday’s been very quiet from a data release standpoint. Market trading has been dominated by Fed watching, which in the wake of remarks yesterday by Fed District Presidents Dudley of New York and Lockhart of Atlanta has markets pricing in much higher odds of a fed funds rate increase before yearend. They suggested a move […] More
Torrential Data and Continuing High Market Volatility
September 30, 2015
Considerable economic data were released on this final day of the third quarter. Markets await speeches from Fed Chair Janet Yellen and New York Fed District President Dudley. Share prices rebounded 2.1% in Australia, 1.9% in Hong Kong, 1.5% in India, 1.1% in Indonesia, 2.7% in Japan, 1.0% in South Korea and 0.8% in China. […] More
Dollar Buoyed by Strong U.S. Durable Goods Orders
August 26, 2015
U.S. durable goods orders, which had been projected flat or slightly lower, instead rose 2.0% in July on top of a 4.1% June advance. Demand for non-defense, non-aircraft durables climbed 2.2% last month after a 1.4% increase in June. A separate report revealed a 0.2% uptick last week in U.S. mortgage applications but a 3-basis […] More
Risk Aversion is Back
September 23, 2014
Share prices in the Pacific Rim fell 1.6% in India, 0.6% in Indonesia and 0.5% in Taiwan and South Korea. Japan was closed for the Autumnal Equinox holiday. Downward equity momentum has picked up in Europe, with losses so far of 1.6% in France, 1.3% in Great Britain, 1.1% in Germany, Italy and Spain, and […] More
