Euroland economic sentiment
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
Dollar Strengthens on Day after Big Drop in Stocks
September 29, 2021
The DXY weighted dollar index rose 0.2% to an 11-month high overnight. Equities in the Pacific Rim picked up the baton from North America’s losing session the day before, dropping 2.1% in Japan, 1.8% in China, 1.9% in Taiwan, 1.2% in South Korea and 1.1% in Australia. However, European markets have mustered rebounds so far […] More
Dollar Falters
July 29, 2021
The dollar fell overnight by 0.4% against the euro, peso, Swissie, and DXY weighted index but even more versus the New Zealand dollar and Turkish lira (each 0.7%), loonie (0.6%), and yuan and sterling (each 0.5%). Lesser dollar declines of 0.3% and 0.2% occurred against the Australian dollar and Japanese yen, respectively. Equities, commodity prices, […] More
Dollar Strengthened against Other Currencies and Gold
June 29, 2021
The driving force behind today’s rise in the dollar has been Covid worries. Against this dominant concern, signs of improving economic confidence and evidence that inflation may be cresting have exerted little influence on financial market trading. From a global standpoint, over a third of a million new coronavirus infections were identified in the past […] More
Across-the-Board Strength in the Dollar Early this Friday
May 28, 2021
Prior to today’s release of U.S. data, the dollar had advanced 1.3% against the Turkish lira, 0.6% versus the Swiss franc and Australian dollar, 0.4% vis-a-vis the loonie, peso and weighted DXY index, 0.2% versus the yen, and 0.3% against the euro and sterling. U.S. stock futures had extended yesterday’s gain by around 0.5%, and […] More
Markets Emerge from FOMC Announcement and Biden Speech on Up Note
April 29, 2021
U.S. stock futures point to a higher open. Share prices closed up 0.8% in Hong Kong, 0.6% in Indonesia, and 0.5% in China. Equities are somewhat higher in many European centers but not Germany. Japan is observing Showa Day. Although still near a 2-month low, the weighted DXY dollar index is trading near the top […] More
Many Data Released Today as Inflation fears Continue
February 25, 2021
Shortly before today’s release of U.S. economic data, 10-year sovereign debt yields were showing considerable increases (for example, 8 basis points in the United States and Italy, 12 bps in Canada, 6 bps in Spain and the U.K., 5 bps in Germany and France, and 2 basis points in Japan). The trade-weighted dollar had eased […] More
Dollar and U.S. Equity Futures Up After Wednesday’s Coup in Washington Fails
January 7, 2021
The U.S. Congress shortly before 04:00 today confirmed that the ticket of Biden/Harris won the 2020 election and will take office at noon on January 20th. This ordinarily ceremonial act of power transition was anything but ordinary this time after a mob stormed the Capitol building yesterday to prevent the process. Taking his cue from […] More
