Euroland current account
Concerns About AI Taking Center Stage
July 17, 2026
With wars in the Middle East hopelessly stalemated and central bankers proceeding with caution in responding to elevated energy prices and geopolitical uncertainty, the world financial community has turned its attention to Artificial Intelligence for fresh material from which to react. What investors see has created alarm: enormous business spending to build data centers intended […] More
U.S. Birthday Holiday Underway But Also Many Service Sector Purchasing Manager Surveys Released
July 3, 2026
Overnight dollar movement was generally muted except for a 0.6% drop against the Korean won. The weighted DXY dollar index is down only 0.1%. There have been several significant upward movements of equity markets around the Pacific Rim led by a 5.8% rally in South Korea and including gains of 2.3% in Indonesia, 1.5% in […] More
Dollar Mixed, Equities Down, Bond Yields Higher, and Mood Remains Fearful
March 20, 2026
In overnight trading, the dollar rose 0.6% against the Japanese yen and 0.8% versus the South Korean won but slipped 0.3% relative to the Canadian dollar and 0.1% against the Swissy, euro and sterling. A five-basis point advance in the ten-year U.S. Treasury yield exceeds rises of three basis points in comparable sovereign debt yields […] More
Geopolitical Strains Weigh on Stock Markets
February 19, 2026
Equity markets in the U.K., Germany, France, Italy, Spain and India are showing losses so far this Thursday that range between 0.8% and 1.5%, and futures trading in major U.S. indices point to a lower open in the United States. Exceptions to this trend include South Korea, Australia, New Zealand and Singapore, while several other […] More
Spotlight on China
October 20, 2025
(169) In contrast to 38 years ago when the DOW plunged 22.6% on October 19, 1987, week four of this October kicked off on a hopeful note following upbeat U.S. official comments about prospects for averting worst-case trade scenarios after October 31 when the current trade truce with China runs out. Negotiations will proceed this week […] More
Dollar, U.S. Stock Futures, 10-Year Treasury Yield and Prices of Oil and Bitcoin Down Marginally as Another Frenzied Week Winds Down
March 21, 2025
Market Movements Overnight: The weighted DXY dollar index edged 0.1% lower overnight, with dips of 0.2% against the Swiss franc but no change versus the yen or euro. In pre-open futures stock trading, major U.S. indices softened 0.3-0.4%. A three-basis point additional drop in the 10-year Treasury yield has been matched by the movement in […] More
Dollar Marginally Higher
February 19, 2025
No matter what else might be scheduled or happening, U.S. President Trump’s persistent sound and fury is managing to get top billing on a daily basis, not just in America but around the world. Everything else, even an atypical spree of airplane accidents, has been smothered by Trump news and become secondary. In overnight trading, […] More
Global IT Outage as Republican Convention and Chinese Third Plenum Wrap Up
July 19, 2024
It’s been a banner century for technology, but yesterday was not a day to showcase. A snafu caused by a security update gone bad led to widespread IT outages around the world that tangled the airline and banking sectors in particular. Former President Trump’s RNC 90+ minute acceptance speech has received widely mixed reviews, ranging […] More
Seemingly Contradictory Themes
February 20, 2024
Contradictory financial news headlines this Tuesday do not paint a consistent story. For a couple of months, Fed watchers with encouragement from top FRS officials have been trying to discern when and how quickly interest rates will be lowered. Out of the blue today, there’s a headline that the highly credentialed economist and former Treasury […] More
A Further Surge in Market Interest Rates Ahead of Biden & Powell Speeches Later Today
October 19, 2023
The 30-year Treasury yield jumped to a new high overnight of 5.07%, and the 10-year Treasury gained 7 basis points and is within 3 basis points of 5.00% versus 3.68% at the start of 2023. Surging interest rates continue to drain enthusiasm from stocks. Share prices overnight tumbled 2.5% in Hong Kong, 1.9% in Japan […] More
