Euroland industrial production
Large Rise in Dollar and Sovereign Debt Yields
March 12, 2021
Yesterday was a momentous day for the Biden Administration. He signed the nearly $1.9 trillion American Rescue Plan on the one-year anniversary of last year’s Covid lockdown and then gave his first prime time address to the nation, setting a goals for vaccinations and a start of permissible family gatherings. Overnight, the trade-weighted dollar climbed […] More
Revolting Developments in the United States but Dollar Narrowly Mixed
January 13, 2021
The United States experienced a new record high daily death count yesterday from Covid that exceeded 4.4k and was accompanied by almost 230k new reported cases of the illness. A drop of 10 years in the government’s recommended minimum age for getting a vaccine now and other sudden shifts in guidelines for administering the shot […] More
Risk On Despite Gigantic Hacking Incident
December 14, 2020
Russia again is being accused of an enormous cyber crime centered on Google. Many, many passwords have been compromised. Global Covid cases over the past 3 days (72 hours) totaled just slightly less than 2 million, and the worldwide death count was nearly 30k. There were almost 700k cases and over 6.5k deaths in the […] More
Lower Bond Yields, Mixed Dollar and Softer Equities in Face of Relentless Covid
November 12, 2020
Covid cases in the last 24 hours exceeded 600k and 140k globally and in the United States. Global and U.S. deaths from the illness over the past two days averaged more than 10k and 1.45k per day. While vaccine development seems to be making good progress, a new worry is that Covid’s ability to mutate […] More
Marginally Softer Dollar
October 14, 2020
The U.S. dollar edged down overnight by 0.3% against sterling, 0.2% relative to the Australian and New Zealand dollars, and 0.1% versus the yuan, Swiss franc and yen, while holding steady vis-a-vis the euro and loonie. The dollar price of gold firmed 0.5%. Stock markets in the Pacific Rim rose 0.9% in Indonesia, 0.7% in […] More
Stocks Mixed,Dollar and Oil Price Down at Start of September’s Third Week
September 14, 2020
Equities advanced in the Pacific Rim, slid marginally in Europe, and appear poised to open higher in the United States. The dollar fell overnight by 0.7% against sterling, 0.5% versus the kiwi, 0.3% relative to the peso, euro, and Swiss franc, 0.2% vis-a-vis the yuan and 0.1% against the yen and loonie. The price of […] More
Dollar and Share Prices Mixed
August 12, 2020
The dollar rose overnight by 0.6% against the kiwi, 0.4% versus the Japanese yen and 0.2% relative to sterling and the Australian dollar but also fell 0.3% against the euro, 0.4% versus the Swiss franc and 0.1% vis-a-vis the loonie. Share prices dropped 1.2% in New Zealand, 0.9% in Taiwan and 0.6% in China, advanced […] More
Continuing Interplay of Covid and Economic Data
July 14, 2020
Covid-19 infestations in Texas, Florida, and California cast a big cloud on U.S. economic recovery prospects. The global Covid case and death counts climbed 204k and 4.1k in the past 24 hours. The dollar rose overnight by 0.3% versus the Chinese yuan, 0.2% against sterling and the kiwi, and by 0.1% relative to the yen […] More
Less Risk Aversion than Yesterday
June 12, 2020
Friday has seen another wide reversal in share price direction. The stock markets in France, Spain, Italy, Germany and Britain so far show daily advances of 2.0%, 1.6%, 1.5%, 1.4% and 1.3%. The shift following Thursday’s big declines occurred after overnight trading in the Pacific Rim where equities fell by 2.2% in New Zealand, 1.9% […] More
Politicians Between a Rock and a Hard Place, and Investors Lack Confidence that the Right Choices Will Be Made
May 13, 2020
Investors are concerned about the grim warnings from medical experts yesterday about the dangers of reopening business prematurely and without a plan for dealing with localized flare-ups of the pandemic. Hong Kong reported a new case after weeks without one. At the same time, frightening data continue to be reported, and worries are mounting that […] More
