Euroland economic sentiment
Worried but Bottom-Fishing After a String of Down Weeks
February 27, 2023
Bearish European reported today didn’t deter investors from testing the upside potential of share prices. European stock markets prior to the U.S. open were up by 0.7% in the U.K. and 1.4-1.9% in Germany, France, Italy and Spain. U.S. equity futures show more modest gains, and stock markets in the Pacific Rim closed down this […] More
Share and Bond Prices Fall, Dollar Little Changed Ahead of Tuesday-Wednesday FOMC Meeting
January 30, 2023
U.S. equity futures point to a drop of around 1% at the opening bell. Share prices closed down 2.7% in Hong Kong, 1.4% in South Korea, 0.5% in Singapore, 0.4% in Indonesia but up 0.2% in Japan and 0.1% in China. Major European stock exchanges are down about 0.5% thus far. Ten-year sovereign bond yields […] More
Some Upside Data Surprises and Kyrgyzstan’s First Central Bank Rate Cut Since May 2019
November 29, 2022
The dollar traded lower this Tuesday and has so far lost 1.2% against the Aussie dollar, 1.0% relative to the kiwi, 0.8% versus the Mexican peso, 0.7% vis-a-vis the Chinese yuan, 0.5% against the yen and sterling and 0.3% versus the euro and loonie. The Swiss franc edged 0.1% higher, in contrast. A report out […] More
Sell-Off Resumes
September 29, 2022
Sovereign debt selling resumed this Thursday, sending 10-year government debt yields up by 20 basis points in Italy, 19 bps in Great Britain, 16 bps in France and the Netherlands, 15 bps in Germany and Spain, and nine basis points in the United States. Share prices are down 1-2% in the U.K., Germany, France, Italy […] More
Bottom-Fishing and Lots of Data
August 30, 2022
Share prices in the Pacific Rim rebounded 2.7% in India, 1.2% in New Zealand, 1.1% in Japan, and 1.0% in South Korea. The German Dax, Paris Cac and Milan exchange currently show gains so far today of 1.4%, 0.6% and o.9%, but U.S. share prices are pretty listless, suggesting that a market bottom has not […] More
U.S. 2Q GDP Report Heads Crowded Data Release Schedule Today
July 28, 2022
U.S. real GDP fell 1.6% on quarter at an annualized rated during the winter period and is expected to rebound only about 0.5% in 2Q. The data will be released shortly. Meantime, the dollar strengthened overnight, especially in the past couple of hours. From Wednesday closing levels, the dollar is up 0.8% against the euro, […] More
Focus on European Data Releases and Lessening Covid Restrictions in China on this U.S. Memorial Day
May 30, 2022
Following Friday’s strong advance in U.S. equities, share prices in the Pacific Rim went up today by a sharp 2.1% in Hong Kong and Taiwan, 2.2% in Japan, 1.9% in India, 1.5% in Australia and 1.2% in South Korea. There have also been gains so far of 0.6% in the German and French stock markets […] More
Much Data to Peruse on a Snowy Friday
January 28, 2022
But first, a quick rundown of overnight market movement. The DXY weighted dollar index touched an 18-month high of 97.44 but is steady on balance. There’s been no net movement against the euro, Swissie or peso, dips of 0.2% against the yuan and Turkish lira, and upticks of 0.6% against the Aussie dollar, 0.3% relative […] More
Immediate Market Reaction to Omicron Trimmed Back but Only Partially
November 29, 2021
It will take a week or two before a clearer picture emerges of the Omicron Variant and investors have a better understanding of key questions such as the protection existing vaccines provide to the new mutation. Markets had reacted very adversely on Friday to first learning about Omicron. Today has seen a partial reversal of […] More
U.S. GDP, Monetary Policy Statements from ECB & Japan, and So Much More
October 28, 2021
Financial market activity overnight: The dollar and 10-year sovereign debt yields are little changed on this busy Thursday. Equities fell in Asia including losses of 1.2% in China, 1.0% in Japan, 1.2% in Indonesia, and 1.9% thus far in India. European share prices have risen a bit, however, and U.S. futures are also in the […] More
