Euroland CPI and unemployment
Soft Economic Data and China Balking on a Long-Term Trade Deal
October 31, 2019
Equity markets today are down 1.1% in India, 0.9% in the U.K., and 0.4% in China and Australia. 10-year sovereign debt yields also reflect a more cautious investor mood. Canada’s 10-year yield tumbled 15 basis points on Wednesday. Today, the 10-year German bund and British gilt yields are down 5 bps, and the U.S. Treasury […] More
Australian Interest Rate Cut and Greater-than-Forecast Inflation Retreat in the Euro Area
June 4, 2019
The dollar is unchanged against the yen, euro, sterling and yuan. The greenback edged marginally higher overnight against the Aussie dollar and kiwi. In other financial market action earlier today, share prices fell almost 1% in China but closed flat in Japan. The German Dax is up 0.8%, while stocks in the U.K. and France […] More
Stocks and Sovereign Debt Yields Up on Better-than-Expected Chinese and British Manufacturing Data
April 1, 2019
This is not an April Fool’s joke. China’s NBS manufacturing purchasing managers index climbed 1.3 points to a 6-month high of 50.5 in March from February’s 3-year low, while the Caixin-compiled Chinese manufacturing PMI reading of 50.8 constituted an 8-month high. Also, the NBS nonmanufacturing PMI rose 0.5 points to a 6-month high as well […] More
Mounting Evidence of Slower Growth in Europe and Japan
March 1, 2019
Stock markets rallied in Asia on hopes for a U.S.-Chinese trade deal soon. Share prices climbed Friday by 1.8% in China, 1.3% in Hong Kong, 1.0% in Japan, 0.9% in Indonesia and 0.6% in India. The black sheep was South Korean equities, which dropped 1.8% further following the collapsed U.S./North Korean denuclearization talks. Equities in […] More
The Usual Month-End Flood of Economic Data but Little Overnight Movement in the dollar
October 31, 2018
The dollar is unchanged against the euro and loonie, 0.1% firmer relative to the yuan and Swiss franc, 0.2% higher vis-a-vis the yen, Aussie dollar and kiwi. Somewhat larger moves have happened against sterling (a drop of 0.5%) and the Mexican peso (a rise of 0.5%). Gold fell 0.6%. Following the rebound Tuesday of U.S. […] More
Trump Vies with Deluge of Data for Market’s Attention
August 31, 2018
A considerable amount of data gets reported around the end of every month, especially on the final business day. But this time, there’s an equal flood of outrageously provocative quotes from the U.S. president to stir up market activity. Data first: Japan had disappointing industrial production news. Output fell 0.1% in July after a 1.8% […] More
Firmer Dollar on this Last Day of August
August 31, 2017
The dollar climbed overnight by 0.8% against the kiwi, 0.4% relative to sterling, 0.3% versus the peso, and 0.2% vis-a-vis the euro, yen, Swissy, Canadian dollar and Australian dollar. The greenback also edged up 0.1% against the yuan. Gold dipped 0.2%. Lots of data reported today. Stocks were mixed overnight in Asia but are mostly […] More
Whole Lot of Data Getting Released
July 31, 2014
The deluge of monthend data releases continued on Thursday, but the dollar hasn’t reacted much, with no net change against the yen, yuan and kiwi, upticks of 0.1% versus the euro, Swissie and loonie, and gains of 0.2% relative to sterling and 0.4% vis-a-vis the Australian dollar. Share prices are mostly lower, but a 1.2% […] More
Ton of Released Data, Some with Unexpected Results
February 28, 2014
The yuan suffered its greatest single-day drop in almost seven years and hit a 10-month low against the dollar. Yesterday’s testimony by Fed Chairwoman Yellen was somewhat more dovish than anticipated. The dollar is down 0.8% against the Swiss franc and 0.6% weaker versus the euro after touching a 2014 low of $1.3814 earlier in […] More
Stocks Soften in the Pacific Rim after FOMC and RBNZ Statements
October 31, 2013
Share prices fell 1.4% in China, South Korea and Indonesia. Japan’s Nikkei lost 1.2% on the final day of October, and equities slipped 0.6% in Singapore and Malaysia, 0.4% in Hong Kong, 0.2% in Taiwan and 0.1% in Australia. In Europe, the British Ftse and German Dax show losses of 0.5% and 0.2%, while stocks […] More
