Euroland economic sentiment

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

Narrowly Mixed Dollar… Economic Sentiment in Euro Area at 4-Month Low

November 27, 2020

The United States on Thankgiving 2020 reported slightly more than a 100,000 new Covid-19 cases and suffered over 1150 deaths from that disease. Extensive traveling for the holiday is feared likely to fan the pandemic further next month. The dollar overnight edged up 0.2% against sterling and 0.1% versus the yen and Swissy but slid […] More

Dollar Rebound Continues While Equities Remain Exposed

October 29, 2020

There’s much to digest today: monetary policy reviews in Japan and Euroland, a first glimpse of U.S. 3Q growth, Covid lockdowns in France and Germany, and latest U.S. political developments as election campaign enters final days. The dollar strengthened overnight by another 1.4% versus the peso, 1.3% against the Australian dollar, 0.8% relative to the […] More

T Minus Five Weeks and Counting

September 29, 2020

The U.S. presidential and congressional elections are just five weeks away, and the first of three debates between Donald Trump and Joe Biden takes place in Cleveland tonight. In the wake of Trump tax information disclosed in the New York Times, that figures to be a major discussion topic, as will be America’s unfavorable handling […] More

Dollar Downtrend Accelerates

August 28, 2020

Powell’s speech that formally redefined the Federal Reserve’s inflation target and policy response function implies lower U.S. interest rates for longer and gave the dollar’s pandemic-related downtrend further impetus. Overnight the dollar depreciated by 1.3% against the Mexican peso, 1.7% relative to the Australian dollar, 1.2% versus the yen and kiwi, 0.8% vis-a-vis sterling and […] More

Shocked by GDP Data

July 30, 2020

Market attention shifted from the pandemic data trends to the disease’s economic havoc. This development gave the recently weakening dollar a lift as it benefited from safe-haven demand. Overnight dollar advances range from 0.2% against the yen and Swiss franc to 0.3% versus the euro, 0.6% relative to the kiwi, loonie and Aussie dollar and […] More

Coronavirus Still Dominating Markets

June 29, 2020

Over the weekend, the global coronavirus case and death counts went over 10 million and half a million, respectively. Compared to Friday at this time, there has been an increase of 132k and 1,653 in U.S. identified cases and deaths attributed to Covid-19. Florida and Texas are struggling. Polish President Duda failed to capture a […] More

U.S.-Sino Tensions Mount but Dollar Steady and Equities Mostly Higher

May 28, 2020

The Chinese National People’s Congress passed the proposed Hong Kong security bill, disregarding President Trump’s warnings against doing that. Secretary State Pompeo said America will no longer consider the former British colony as autonomous, and the Trump Administration is mulling a range of sanctions against Beijing and had its call for a special UN Security […] More

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