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